2022 Q1 Form 10-K Financial Statement

#000095017022010512 Filed on May 23, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2022 2021 Q1
Revenue $46.56M $162.6M $36.30M
YoY Change 28.26% 18.56% -8.47%
Cost Of Revenue $18.87M $61.10M $12.90M
YoY Change 46.25% 27.83% -35.5%
Gross Profit $27.69M $101.5M $23.50M
YoY Change 17.84% 13.6% 19.55%
Gross Profit Margin 59.48% 62.43% 64.74%
Selling, General & Admin $11.72M $95.21M $20.70M
YoY Change -43.4% -13.7% 73.95%
% of Gross Profit 42.31% 93.78% 88.09%
Research & Development $12.26M $46.33M $26.40M
YoY Change -53.57% -16.29% 183.87%
% of Gross Profit 44.27% 45.63% 112.34%
Depreciation & Amortization $1.178M $2.210M $1.100M
YoY Change 7.09% -21.96% -76.09%
% of Gross Profit 4.25% 2.18% 4.68%
Operating Expenses $25.15M $141.5M $48.30M
YoY Change -47.93% -14.57% 112.78%
Operating Profit $2.540M $6.319M -$24.80M
YoY Change -110.24% -130.15% 714.99%
Interest Expense $7.000K $12.00K $0.00
YoY Change -40.0% -100.0%
% of Operating Profit 0.28% 0.19%
Other Income/Expense, Net $198.0K $145.0K -$100.0K
YoY Change -298.0% -142.9% 0.0%
Pretax Income $1.750M $6.511M -$24.80M
YoY Change -107.06% -130.7% -8.15%
Income Tax -$232.0K $33.00K -$500.0K
% Of Pretax Income -13.26% 0.51%
Net Earnings $1.982M $6.478M -$24.30M
YoY Change -108.16% -130.85% -9.97%
Net Earnings / Revenue 4.26% 3.98% -66.94%
Basic Earnings Per Share $0.19
Diluted Earnings Per Share $76.37K $0.18 -$1.030M
COMMON SHARES
Basic Shares Outstanding 24.36M
Diluted Shares Outstanding 25.48M

Balance Sheet

Concept 2022 Q1 2022 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $96.97M $96.97M $99.20M
YoY Change -2.25% -2.25% 112.42%
Cash & Equivalents $96.97M $96.97M $99.18M
Short-Term Investments
Other Short-Term Assets $5.418M $5.418M $4.800M
YoY Change 12.88% 12.88% -2.04%
Inventory $6.940M $6.940M $1.177M
Prepaid Expenses
Receivables $25.18M $26.84M $25.73M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $136.2M $136.2M $133.3M
YoY Change 2.19% 2.16% 42.65%
LONG-TERM ASSETS
Property, Plant & Equipment $6.345M $16.23M $8.789M
YoY Change -27.81% -22.7% -28.14%
Goodwill $32.76M $19.60M
YoY Change 67.14% 0.0%
Intangibles $20.18M $8.400M
YoY Change 140.21% 0.0%
Long-Term Investments
YoY Change
Other Assets $6.154M $8.818M $5.800M
YoY Change 6.1% 16.03% -8.07%
Total Long-Term Assets $77.99M $77.99M $56.62M
YoY Change 37.73% 37.79% -7.41%
TOTAL ASSETS
Total Short-Term Assets $136.2M $136.2M $133.3M
Total Long-Term Assets $77.99M $77.99M $56.62M
Total Assets $214.2M $214.2M $189.9M
YoY Change 12.79% 12.78% 22.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.766M $9.766M $6.346M
YoY Change 53.89% 55.02% -52.65%
Accrued Expenses $10.55M $15.60M $11.39M
YoY Change -7.33% -3.7% 26.06%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.000K $4.000K $0.00
YoY Change
Total Short-Term Liabilities $71.47M $71.47M $61.16M
YoY Change 16.86% 17.16% -11.91%
LONG-TERM LIABILITIES
Long-Term Debt $2.000K $2.000K $0.00
YoY Change
Other Long-Term Liabilities $3.304M $8.953M $3.857M
YoY Change -14.34% -22.15% 107.37%
Total Long-Term Liabilities $3.304M $8.955M $3.857M
YoY Change -14.34% -22.13% 107.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $71.47M $71.47M $61.16M
Total Long-Term Liabilities $3.304M $8.955M $3.857M
Total Liabilities $74.77M $81.36M $65.01M
YoY Change 15.01% 9.21% -8.8%
SHAREHOLDERS EQUITY
Retained Earnings $40.02M $35.38M
YoY Change 13.12% -40.02%
Common Stock $9.482M $9.482M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.063M $2.278M
YoY Change -9.44% -5.12%
Treasury Stock Shares $6.878M $7.596M
Shareholders Equity $97.34M $132.8M $79.88M
YoY Change
Total Liabilities & Shareholders Equity $214.2M $214.2M $189.9M
YoY Change 12.79% 12.78% 22.85%

Cashflow Statement

Concept 2022 Q1 2022 2021 Q1
OPERATING ACTIVITIES
Net Income $1.982M $6.478M -$24.30M
YoY Change -108.16% -130.85% -9.97%
Depreciation, Depletion And Amortization $1.178M $2.210M $1.100M
YoY Change 7.09% -21.96% -76.09%
Cash From Operating Activities $6.660M $28.48M $13.30M
YoY Change -49.92% 0.24% 150.94%
INVESTING ACTIVITIES
Capital Expenditures -$119.0K -$1.197M -$300.0K
YoY Change -60.33% -14.5% -25.0%
Acquisitions $24.46M
YoY Change
Other Investing Activities -$24.48M -$24.48M $0.00
YoY Change
Cash From Investing Activities -$24.60M -$25.68M -$300.0K
YoY Change 8099.33% 1746.08% -25.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $19.00K
YoY Change -20.83%
Cash From Financing Activities -147.0K -4.901M -6.500M
YoY Change -97.74% -119.36%
NET CHANGE
Cash From Operating Activities 6.660M 28.48M 13.30M
Cash From Investing Activities -24.60M -25.68M -300.0K
Cash From Financing Activities -147.0K -4.901M -6.500M
Net Change In Cash -18.09M -2.209M 6.500M
YoY Change -378.23% -104.21% 32.65%
FREE CASH FLOW
Cash From Operating Activities $6.660M $28.48M $13.30M
Capital Expenditures -$119.0K -$1.197M -$300.0K
Free Cash Flow $6.779M $29.67M $13.60M
YoY Change -50.15% -0.45% 138.6%

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CY2021 us-gaap Asset Impairment Charges
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CY2020 us-gaap Asset Impairment Charges
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CY2021 us-gaap Gain Loss On Disposition Of Assets1
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CY2020 us-gaap Gain Loss On Disposition Of Assets1
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CY2022 us-gaap Depreciation
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CY2021 us-gaap Depreciation
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CY2020 us-gaap Depreciation
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CY2020 us-gaap Amortization Of Intangible Assets
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CY2022 agys Amortization Of Software Development
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CY2021 agys Amortization Of Software Development
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CY2020 agys Amortization Of Software Development
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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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CY2021 us-gaap Share Based Compensation
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CY2021 us-gaap Increase Decrease In Accounts Receivable
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CY2020 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Commodity Contract Assets And Liabilities
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CY2020 us-gaap Increase Decrease In Commodity Contract Assets And Liabilities
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CY2022 us-gaap Increase Decrease In Inventories
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CY2021 us-gaap Increase Decrease In Inventories
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CY2020 us-gaap Increase Decrease In Inventories
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1830000
CY2022 us-gaap Increase Decrease In Prepaid Expense
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484000
CY2021 us-gaap Increase Decrease In Prepaid Expense
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201000
CY2020 us-gaap Increase Decrease In Prepaid Expense
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CY2022 us-gaap Increase Decrease In Accounts Payable
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3417000
CY2021 us-gaap Increase Decrease In Accounts Payable
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CY2020 us-gaap Increase Decrease In Accounts Payable
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CY2022 us-gaap Increase Decrease In Deferred Revenue
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CY2021 us-gaap Increase Decrease In Deferred Revenue
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CY2020 us-gaap Increase Decrease In Deferred Revenue
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CY2022 us-gaap Increase Decrease In Other Accrued Liabilities
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CY2021 us-gaap Increase Decrease In Other Accrued Liabilities
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CY2020 us-gaap Increase Decrease In Other Accrued Liabilities
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CY2022 us-gaap Increase Decrease In Income Taxes
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CY2021 us-gaap Increase Decrease In Income Taxes
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340000
CY2020 us-gaap Increase Decrease In Income Taxes
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CY2022 us-gaap Other Operating Activities Cash Flow Statement
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CY2021 us-gaap Other Operating Activities Cash Flow Statement
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CY2020 us-gaap Other Operating Activities Cash Flow Statement
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Payments To Acquire Productive Assets
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CY2020 us-gaap Payments To Acquire Productive Assets
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CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2022 us-gaap Payments For Proceeds From Life Insurance Policies
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CY2021 us-gaap Payments For Proceeds From Life Insurance Policies
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CY2020 us-gaap Payments For Proceeds From Life Insurance Policies
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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
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
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0
CY2021 us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
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CY2020 us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
ProceedsFromIssuanceOfRedeemablePreferredStock
0
CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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CY2020 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
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CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2022 us-gaap Repayments Of Long Term Debt
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CY2021 us-gaap Repayments Of Long Term Debt
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CY2020 us-gaap Repayments Of Long Term Debt
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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25316000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
195000
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
52527000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5882000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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99180000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46653000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40771000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96971000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
99180000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46653000
CY2019Q1 us-gaap Stockholders Equity
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100622000
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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5682000
CY2020 agys Repurchases Of Shares To Satisfy Employee Tax Withholding
RepurchasesOfSharesToSatisfyEmployeeTaxWithholding
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CY2020 us-gaap Net Income Loss
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CY2020 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
460000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
40066000
CY2021 agys Repurchases Of Shares To Satisfy Employee Tax Withholding
RepurchasesOfSharesToSatisfyEmployeeTaxWithholding
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2021 agys Accretion Of Convertible Preferred Stock Issuance Costs
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CY2021 agys Accretion Of Convertible Preferred Stock Dividends
AccretionOfConvertiblePreferredStockDividends
-1576000
CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-162000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
79876000
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
14549000
CY2022 agys Repurchases Of Shares To Satisfy Employee Tax Withholding
RepurchasesOfSharesToSatisfyEmployeeTaxWithholding
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CY2022 us-gaap Net Income Loss
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6478000
CY2022 agys Accretion Of Convertible Preferred Stock Dividends
AccretionOfConvertiblePreferredStockDividends
-1836000
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-95000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
97344000
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);font-weight:bold;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">1. Nature of Operations</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Agilysys has been driving hospitality software innovations for more than 40 years, delivering cloud-native SaaS and on-premise ready guest-centric technology solutions for gaming, hotels, resorts and cruise lines, corporate foodservice management, restaurants, universities, stadiums and healthcare. Agilysys offers the most comprehensive software solutions in the hospitality industry, including point-of-sale (POS), property management (PMS), inventory and procurement, payments, and related applications, to manage the entire guest journey. Agilysys is also known for its world class customer-centric service and recent investments in research and development, having modernized virtually all its longstanding trusted software solutions. Some of the largest hospitality companies around the world use Agilysys solutions to help improve guest loyalty, drive revenue growth and increase operational efficiencies. Agilysys operates across North America, Europe, the Middle East, Asia-Pacific and India with headquarters located in Alpharetta, GA.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">The Company has just one reportable segment serving the global hospitality industry.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Reference herein to any particular year or quarter refers to periods within the fiscal year ended March 31. For example, fiscal 2022 refers to the fiscal year ended March 31, 2022.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">COVID-19 Pandemic</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">The World Health Organization declared novel coronavirus (“COVID-19”) a pandemic on March 11, 2020. The pandemic has created significant economic challenges as organizations and governmental authorities around the world have implemented numerous measures attempting to contain the spread of COVID-19, including travel restrictions, border closings, shelter-in-place orders, and social distancing requirements. Our customers and vendors have closed or have otherwise applied restrictions at certain sites in response to the pandemic. Similarly, we have provided remote working arrangements for our employees, limited business travel, and canceled or shifted various events to virtual attendance. We have localized our pandemic response to the countries and specific locations in which we, our customers and our vendors operate.</span><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of estimates.</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> Preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported periods. Actual results could differ from those estimates due to uncertainties, including the impact of COVID-19.</span><span style="color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
CY2022Q1 us-gaap Commercial Paper At Carrying Value
CommercialPaperAtCarryingValue
15000000
CY2021Q1 us-gaap Commercial Paper At Carrying Value
CommercialPaperAtCarryingValue
0
CY2020Q1 us-gaap Commercial Paper At Carrying Value
CommercialPaperAtCarryingValue
0
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022Q1 us-gaap Goodwill
Goodwill
32800000
CY2021Q1 us-gaap Goodwill
Goodwill
19600000
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P15Y
CY2022Q1 agys Capital Lease Assetsasa Percentageof Total Assets
CapitalLeaseAssetsasaPercentageofTotalAssets
0.01
CY2022 agys Revenues From International Operations
RevenuesFromInternationalOperations
0.07
CY2021 agys Revenues From International Operations
RevenuesFromInternationalOperations
0.08
CY2020 agys Revenues From International Operations
RevenuesFromInternationalOperations
0.09
CY2022Q1 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
1000000.0
CY2022Q1 agys Present Valueof Future Proceedstobe Received Under Corporate Life Insurance Policies Liability
PresentValueofFutureProceedstobeReceivedUnderCorporateLifeInsurancePoliciesLiability
100000
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
2600000
CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
400000
CY2020 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
2700000
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Reclassification.</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> Certain prior year balances have been reclassed to conform to the current year presentation. Specifically, we reclassed certain employee benefit obligations from non-current to current liabilities.</span></p>
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
38100000
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
40900000
CY2022 us-gaap Contract With Customer Asset Reclassified To Receivable
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2400000
CY2021 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
2000.0
CY2022Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
3300000
CY2021Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
2900000
CY2022 us-gaap Sales Commissions And Fees
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2500000
CY2021 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
2800000
CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1200000
CY2021 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1400000
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
38110000
CY2021Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
39097000
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
31765000
CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
30308000
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6345000
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8789000
CY2022 agys Depreciation And Accelerated Depreciation Related To Restructuring Reserve
DepreciationAndAcceleratedDepreciationRelatedToRestructuringReserve
2200000
CY2021 agys Depreciation And Accelerated Depreciation Related To Restructuring Reserve
DepreciationAndAcceleratedDepreciationRelatedToRestructuringReserve
2800000
CY2020 agys Depreciation And Accelerated Depreciation Related To Restructuring Reserve
DepreciationAndAcceleratedDepreciationRelatedToRestructuringReserve
2600000
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
36317000
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
24539000
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11778000
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
24183000
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
24183000
CY2022Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
44717000
CY2022Q1 agys Intangible Assets Accumulated Amortization Excluding Goodwill
IntangibleAssetsAccumulatedAmortizationExcludingGoodwill
24539000
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
20178000
CY2021Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
32583000
CY2021Q1 agys Intangible Assets Accumulated Amortization Excluding Goodwill
IntangibleAssetsAccumulatedAmortizationExcludingGoodwill
24183000
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
8400000
CY2022Q1 agys Finite Lived Software Development Costs Gross
FiniteLivedSoftwareDevelopmentCostsGross
67541000
CY2022Q1 agys Finite Lived Software Development Costs Accumulated Amortization
FiniteLivedSoftwareDevelopmentCostsAccumulatedAmortization
45535000
CY2022Q1 agys Finite Lived Software Development Costs Accumulated Impairment
FiniteLivedSoftwareDevelopmentCostsAccumulatedImpairment
22006000
CY2021Q1 agys Finite Lived Software Development Costs Gross
FiniteLivedSoftwareDevelopmentCostsGross
67541000
CY2021Q1 agys Finite Lived Software Development Costs Accumulated Amortization
FiniteLivedSoftwareDevelopmentCostsAccumulatedAmortization
45535000
CY2021Q1 agys Finite Lived Software Development Costs Accumulated Impairment
FiniteLivedSoftwareDevelopmentCostsAccumulatedImpairment
22006000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1398000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1293000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
975000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
975000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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892000
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CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
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CY2021 agys Finance Lease Cost
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CY2021 us-gaap Variable Lease Cost
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CY2021 us-gaap Short Term Lease Cost
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CY2021 us-gaap Sublease Income
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129000
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CY2021 us-gaap Lease Cost
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CY2021 us-gaap Operating Lease Payments
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CY2021 us-gaap Finance Lease Interest Payment On Liability
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CY2021 us-gaap Finance Lease Principal Payments
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Two
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CY2022Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2022Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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880000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
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CY2022Q1 us-gaap Finance Lease Liability Payments Due
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CY2021 agys Interest Paid Receipts
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CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
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1796000
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CY2021Q1 us-gaap Other Accrued Liabilities Current
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CY2021Q1 us-gaap Accrued Income Taxes Noncurrent
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43000
CY2021Q1 agys Deferred Rent Credit And Asset Retirement Obligations Noncurrent
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CY2021Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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CY2021Q1 us-gaap Other Liabilities Noncurrent
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2021 agys Income Tax Reconciliation Indefinite Life Assets
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CY2022Q1 agys Deferred Tax Assets Operating Loss And Credit Carryforwards State And Local
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CY2021Q1 agys Deferred Tax Assets Operating Loss And Credit Carryforwards State And Local
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CY2022Q1 agys Deferred Tax Assets Operating Lease Liabilities
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CY2021Q1 agys Deferred Tax Assets Operating Lease Liabilities
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CY2021Q1 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021Q1 us-gaap Deferred Income Tax Liabilities
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CY2021 agys Regular Corporate Income Tax Rate India
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CY2021Q1 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2021Q1 us-gaap Unrecognized Tax Benefits
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CY2022Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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CY2022Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2021Q1 agys Present Valueof Future Proceedstobe Received Under Corporate Life Insurance Policies Liability
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CY2022 agys Gain Loss Recognized On Corporate Owned Life Insurance Policies
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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24357000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23458000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23233000
CY2022 agys Dilutive Ssa Rs
DilutiveSSARs
1063000
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
63000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25483000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23458000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23233000
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.01
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.47
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.01
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.47
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1736000
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4228000
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1510000
CY2022 agys Incremental Common Shares Attributable To Restricted Shares
IncrementalCommonSharesAttributableToRestrictedShares
147973000
CY2021 agys Incremental Common Shares Attributable To Restricted Shares
IncrementalCommonSharesAttributableToRestrictedShares
132198
CY2020 agys Incremental Common Shares Attributable To Restricted Shares
IncrementalCommonSharesAttributableToRestrictedShares
208581
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
14549000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
40093000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
5205000
CY2022 us-gaap Debt Instrument Convertible Earliest Date1
DebtInstrumentConvertibleEarliestDate1
2023-11-22
CY2022 us-gaap Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
1.50
CY2022 us-gaap Debt Instrument Convertible Threshold Trading Days
DebtInstrumentConvertibleThresholdTradingDays
20
CY2022 us-gaap Debt Instrument Convertible Threshold Consecutive Trading Days1
DebtInstrumentConvertibleThresholdConsecutiveTradingDays1
30
CY2022 us-gaap Dividend Payment Restrictions Schedule Description
DividendPaymentRestrictionsScheduleDescription
The Holders are entitled to dividends on the Liquidation Preference at the rate of 5.25% per annum, payable semi-annually either (i) 50% in cash and 50% in kind as an increase in the then-current Liquidation Preference or (ii) 100% in cash, at the option of the Company.
CY2022 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0525
CY2022 agys Change Of Control Event Description
ChangeOfControlEventDescription
Upon certain change of control events involving the Company, the Company has the right, and each Holder has the right, in each case, at the initiating party’s election, to require the Company to repurchase all or a portion of its then-outstanding shares of Convertible Preferred Stock for cash consideration equal to (i) 150% of the then-current Liquidation Preference for a change of control occurring prior to the third anniversary of the date the Convertible Preferred Stock is initially issued, (ii) 125% of the then-current Liquidation Preference for a change of control occurring on or following the third anniversary and prior to the fifth anniversary of the date the Convertible Preferred Stock is initially issued and (iii) 100% of the then-current Liquidation Preference for a change of control occurring on or following the fifth anniversary of the date the Convertible Preferred Stock is initially issued.
CY2022 agys Percentage Of Owning In Excess Of Outstanding Share Of Common Stock
PercentageOfOwningInExcessOfOutstandingShareOfCommonStock
0.25
CY2022 agys Preferred Stock Convertible Percentage Of Outstanding Common Stock
PreferredStockConvertiblePercentageOfOutstandingCommonStock
0.10
CY2022 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P12Y8M12D

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