$ALGM
ALLEGRO MICROSYSTEMS, INC.

2024 Q4 Form 10-Q Financial Statement

#000095017024119808 Filed on November 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $187.4M
YoY Change -31.98%
Cost Of Revenue $101.7M
YoY Change -10.84%
Gross Profit $85.66M
YoY Change -46.29%
Gross Profit Margin 45.71%
Selling, General & Admin $38.09M
YoY Change -11.76%
% of Gross Profit 44.46%
Research & Development $43.51M
YoY Change 0.19%
% of Gross Profit 50.79%
Depreciation & Amortization $9.237M
YoY Change -32.04%
% of Gross Profit 10.78%
Operating Expenses $81.60M
YoY Change -5.77%
Operating Profit $4.067M
YoY Change -94.42%
Interest Expense $10.35M
YoY Change 1265.83%
% of Operating Profit 254.56%
Other Income/Expense, Net -$2.465M
YoY Change -3951.56%
Pretax Income -$43.08M
YoY Change -158.96%
Income Tax -$9.470M
% Of Pretax Income
Net Earnings -$33.68M
YoY Change -151.32%
Net Earnings / Revenue -17.97%
Basic Earnings Per Share -$0.18
Diluted Earnings Per Share -$0.18
COMMON SHARES
Basic Shares Outstanding 184.0M 193.9M
Diluted Shares Outstanding 189.2M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $188.8M
YoY Change -48.99%
Cash & Equivalents $188.8M
Short-Term Investments
Other Short-Term Assets $81.18M
YoY Change 67.87%
Inventory $176.6M
Prepaid Expenses
Receivables $76.99M
Other Receivables $0.00
Total Short-Term Assets $523.6M
YoY Change -26.76%
LONG-TERM ASSETS
Property, Plant & Equipment $325.1M
YoY Change 4.17%
Goodwill $203.2M
YoY Change 633.21%
Intangibles $266.8M
YoY Change 416.19%
Long-Term Investments $30.19M
YoY Change 18.5%
Other Assets $59.23M
YoY Change 3.22%
Total Long-Term Assets $968.6M
YoY Change 69.91%
TOTAL ASSETS
Total Short-Term Assets $523.6M
Total Long-Term Assets $968.6M
Total Assets $1.492B
YoY Change 16.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $55.79M
YoY Change -15.01%
Accrued Expenses $62.74M
YoY Change -8.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $5.475M
YoY Change
Total Short-Term Liabilities $124.0M
YoY Change -7.62%
LONG-TERM LIABILITIES
Long-Term Debt $396.1M
YoY Change 1484.22%
Other Long-Term Liabilities $15.67M
YoY Change 37.42%
Total Long-Term Liabilities $411.7M
YoY Change 3510.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $124.0M
Total Long-Term Liabilities $411.7M
Total Liabilities $553.4M
YoY Change 196.5%
SHAREHOLDERS EQUITY
Retained Earnings -$31.93M
YoY Change -107.31%
Common Stock $1.840M
YoY Change -4.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $937.3M
YoY Change
Total Liabilities & Shareholders Equity $1.492B
YoY Change 16.12%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$33.68M
YoY Change -151.32%
Depreciation, Depletion And Amortization $9.237M
YoY Change -32.04%
Cash From Operating Activities $15.55M
YoY Change -66.7%
INVESTING ACTIVITIES
Capital Expenditures $9.972M
YoY Change -68.04%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$9.972M
YoY Change -60.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.086M
YoY Change -248.65%
NET CHANGE
Cash From Operating Activities 15.55M
Cash From Investing Activities -9.972M
Cash From Financing Activities 7.086M
Net Change In Cash 12.66M
YoY Change -25.08%
FREE CASH FLOW
Cash From Operating Activities $15.55M
Capital Expenditures $9.972M
Free Cash Flow $5.575M
YoY Change -64.01%

Facts In Submission

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ALLEGRO MICROSYSTEMS, INC.
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61306000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-49092000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
121742000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1027765000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
65671000
CY2023Q3 algm Stock Issued During Period Value Share Based Compensation And Restricted Stock Vested
StockIssuedDuringPeriodValueShareBasedCompensationAndRestrictedStockVested
10869000
CY2023Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1669000
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-4348000
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1098288000
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1109842000
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-33613000
CY2024Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1987000
CY2024Q3 algm Stock Issued During Period Value Share Based Compensation And Restricted Stock Vested
StockIssuedDuringPeriodValueShareBasedCompensationAndRestrictedStockVested
11532000
CY2024Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
665850000
CY2024Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
821199000
CY2024Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1126000
CY2024Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
5435000
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
938708000
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
966815000
us-gaap Profit Loss
ProfitLoss
126560000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1899000
algm Stock Issued During Period Value Share Based Compensation And Restricted Stock Vested
StockIssuedDuringPeriodValueShareBasedCompensationAndRestrictedStockVested
21911000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
14091000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-4806000
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1098288000
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1131716000
us-gaap Profit Loss
ProfitLoss
-51226000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1987000
algm Stock Issued During Period Value Share Based Compensation And Restricted Stock Vested
StockIssuedDuringPeriodValueShareBasedCompensationAndRestrictedStockVested
21630000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
665850000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
821199000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
12297000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2247000
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
938708000
us-gaap Profit Loss
ProfitLoss
-51226000
us-gaap Profit Loss
ProfitLoss
126560000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32455000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
29353000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1087000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
107000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-7795000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-18134000
us-gaap Share Based Compensation
ShareBasedCompensation
21663000
us-gaap Share Based Compensation
ShareBasedCompensation
21919000
algm Loss On Change In Fair Value Of Forward Repurchase Contract
LossOnChangeInFairValueOfForwardRepurchaseContract
-34752000
algm Loss On Change In Fair Value Of Forward Repurchase Contract
LossOnChangeInFairValueOfForwardRepurchaseContract
0
algm Inventory Write Down And Accounts Receivable Credit Loss Expense Reversal
InventoryWriteDownAndAccountsReceivableCreditLossExpenseReversal
4488000
algm Inventory Write Down And Accounts Receivable Credit Loss Expense Reversal
InventoryWriteDownAndAccountsReceivableCreditLossExpenseReversal
9422000
algm Marketable Securities Changes In Fair Value
MarketableSecuritiesChangesInFairValue
0
algm Marketable Securities Changes In Fair Value
MarketableSecuritiesChangesInFairValue
-3579000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
6577000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
43000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-41417000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7645000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
18831000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
31221000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
15808000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
16453000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
13670000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
2695000
algm Increase Decrease In Due To From Related Party
IncreaseDecreaseInDueToFromRelatedParty
4132000
algm Increase Decrease In Due To From Related Party
IncreaseDecreaseInDueToFromRelatedParty
6112000
algm Increase Decrease In Accrued Liabilities And Other Current And Long Term Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentAndLongTermLiabilities
-16838000
algm Increase Decrease In Accrued Liabilities And Other Current And Long Term Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentAndLongTermLiabilities
-29944000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
49743000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
96393000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
20949000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
76101000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
0
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
16175000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-20949000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-59926000
algm Payments Of Loan To Affiliate
PaymentsOfLoanToAffiliate
0
algm Payments Of Loan To Affiliate
PaymentsOfLoanToAffiliate
4000000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
385000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
1875000
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
1875000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
12297000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
14091000
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
1987000
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
1899000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
853805000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
665850000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
1450000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-53292000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-15767000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1375000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-974000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-23123000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
19726000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
222161000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
358705000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
199038000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
378431000
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and disclosures of contingencies at the date of the consolidated financial statements and the reported amounts of net sales and expenses during the reporting period. On an ongoing basis, management evaluates its estimates, assumptions and judgments, including those related to the valuation of acquired intangible assets, impairment assessment and valuation of goodwill, intangible assets and tangible long-lived assets, the net realizable value of inventory, income taxes, stock-based compensation, and sales allowances. Actual results could differ from those estimates, and such differences may be material to the consolidated financial statements.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Reclassifications</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Certain reclassifications have been made to prior-period amounts to conform to current-period reporting classifications.</span></p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Concentrations of Credit Risk</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">As of both September 27, 2024 and March 29, 2024, no distributor or customer accounted for 10% or more of the Company’s outstanding trade accounts receivable, net.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">For the three- and six-month periods ended September 27, 2024, no distributor or customer accounted for 10% or more of total net sales. For the three- and six-month periods ended September 29, 2023, one distributor customer accounted for </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">11.6</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">%</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> and </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">12.0</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">%</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> of total net sales, respectively.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
187391000
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
275509000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
354310000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
553802000
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
187391000
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
275509000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
354310000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
553802000
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
187391000
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
275509000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
354310000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
553802000
CY2024Q3 algm Accounts Receivable Returns Credits Issued And Price Protection Adjustments Current
AccountsReceivableReturnsCreditsIssuedAndPriceProtectionAdjustmentsCurrent
41346000
CY2024Q1 algm Accounts Receivable Returns Credits Issued And Price Protection Adjustments Current
AccountsReceivableReturnsCreditsIssuedAndPriceProtectionAdjustmentsCurrent
44797000
CY2024Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
399500000
CY2024Q3 algm Accounts Receivable Before Allowance For Credit Loss And Due From Related Parties Current
AccountsReceivableBeforeAllowanceForCreditLossAndDueFromRelatedPartiesCurrent
118353000
CY2024Q1 algm Accounts Receivable Before Allowance For Credit Loss And Due From Related Parties Current
AccountsReceivableBeforeAllowanceForCreditLossAndDueFromRelatedPartiesCurrent
163450000
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
22000
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
145000
CY2024Q3 algm Accounts Receivable Allowance For Returns And Sales Current
AccountsReceivableAllowanceForReturnsAndSalesCurrent
41346000
CY2024Q1 algm Accounts Receivable Allowance For Returns And Sales Current
AccountsReceivableAllowanceForReturnsAndSalesCurrent
44797000
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
76985000
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
118508000
CY2024Q3 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
8505000
CY2024Q1 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
9549000
CY2024Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
118161000
CY2024Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
110236000
CY2024Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
49982000
CY2024Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
42517000
CY2024Q3 us-gaap Inventory Net
InventoryNet
176648000
CY2024Q1 us-gaap Inventory Net
InventoryNet
162302000
CY2024Q3 us-gaap Inventory Write Down
InventoryWriteDown
2110000
us-gaap Inventory Write Down
InventoryWriteDown
4487000
CY2023Q3 us-gaap Inventory Write Down
InventoryWriteDown
4360000
us-gaap Inventory Write Down
InventoryWriteDown
9436000
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
842605000
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
819689000
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
517554000
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
498514000
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
325051000
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
321175000
CY2024Q3 us-gaap Depreciation
Depreciation
9237000
us-gaap Depreciation
Depreciation
19034000
CY2023Q3 us-gaap Depreciation
Depreciation
13591000
us-gaap Depreciation
Depreciation
26348000
CY2024Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
349000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
698000
CY2024Q3 algm Decrease In Depreciation Expenses
DecreaseInDepreciationExpenses
4463000
CY2024Q3 algm Decrease In Income Tax Benefit
DecreaseInIncomeTaxBenefit
5084000
CY2024Q3 algm Increase Decrease In Net Income Loss
IncreaseDecreaseInNetIncomeLoss
621000
algm Decrease In Depreciation Expenses
DecreaseInDepreciationExpenses
8918000
algm Decrease In Income Tax Benefit
DecreaseInIncomeTaxBenefit
1476000
algm Increase Decrease In Net Income Loss
IncreaseDecreaseInNetIncomeLoss
-7442000
algm Increase Decrease In Net Income Loss Per Share
IncreaseDecreaseInNetIncomeLossPerShare
-0.04
CY2024Q1 us-gaap Goodwill
Goodwill
202425000
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
378000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
348000
CY2024Q3 us-gaap Goodwill
Goodwill
203151000
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
378000
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
314710000
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
47957000
CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
266753000
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
311991000
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
35137000
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
276854000
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6411000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12723000
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1510000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3005000
CY2024Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6951000
CY2024Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4273000
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
393049000
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
245102000
CY2024Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
8482000
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
8438000
CY2024Q3 algm Long Term Debt Including Finance Lease Liabilities
LongTermDebtIncludingFinanceLeaseLiabilities
401531000
CY2024Q1 algm Long Term Debt Including Finance Lease Liabilities
LongTermDebtIncludingFinanceLeaseLiabilities
253540000
CY2024Q3 algm Long Term Debt And Finance Lease Liability Current
LongTermDebtAndFinanceLeaseLiabilityCurrent
5475000
CY2024Q1 algm Long Term Debt And Finance Lease Liability Current
LongTermDebtAndFinanceLeaseLiabilityCurrent
3929000
CY2024Q3 algm Long Term Debt And Finance Lease Liabilities Excluding Current Maturities
LongTermDebtAndFinanceLeaseLiabilitiesExcludingCurrentMaturities
396056000
CY2024Q1 algm Long Term Debt And Finance Lease Liabilities Excluding Current Maturities
LongTermDebtAndFinanceLeaseLiabilitiesExcludingCurrentMaturities
249611000
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-33675000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
65617000
us-gaap Net Income Loss
NetIncomeLoss
-51350000
us-gaap Net Income Loss
NetIncomeLoss
126467000
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
189182850
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
192431094
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
191324281
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
192214210
CY2024Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2669761
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2841285
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
189182850
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
195100855
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
191324281
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
195055495
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.18
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.18
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.65
CY2024Q3 algm Weighted Average Number Issuable Shares Outstanding Adjustment
WeightedAverageNumberIssuableSharesOutstandingAdjustment
0
CY2023Q3 algm Weighted Average Number Issuable Shares Outstanding Adjustment
WeightedAverageNumberIssuableSharesOutstandingAdjustment
2669761
algm Weighted Average Number Issuable Shares Outstanding Adjustment
WeightedAverageNumberIssuableSharesOutstandingAdjustment
0
algm Weighted Average Number Issuable Shares Outstanding Adjustment
WeightedAverageNumberIssuableSharesOutstandingAdjustment
2841285
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11545000
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10877000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21663000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21919000
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-9470000
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7400000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-8430000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14615000
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.22
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.101
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.141
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.104
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-34752000
us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
1964000
us-gaap Interest Income Other
InterestIncomeOther
89000
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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