$ALTR
Altair Engineering Inc.

2022 Q2 Form 10-Q Financial Statement

#000095017022014838 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $132.7M $159.8M $140.8M
YoY Change 10.63% 6.41% 5.54%
Cost Of Revenue $29.52M $31.60M $32.64M
YoY Change -7.58% -5.44% -0.19%
Gross Profit $103.1M $128.2M $108.2M
YoY Change 17.24% 9.8% 7.3%
Gross Profit Margin 77.74% 80.22% 76.82%
Selling, General & Admin $63.48M $59.25M $61.70M
YoY Change 18.06% 13.73% 15.33%
% of Gross Profit 61.55% 46.23% 57.04%
Research & Development $46.48M $43.09M $38.18M
YoY Change 19.92% 16.16% 9.08%
% of Gross Profit 45.07% 33.62% 35.3%
Depreciation & Amortization $8.133M $7.686M $6.289M
YoY Change 25.24% 14.96% -8.72%
% of Gross Profit 7.89% 6.0% 5.81%
Operating Expenses $110.4M $107.5M $103.4M
YoY Change 14.34% 9.07% 10.66%
Operating Profit -$7.268M $20.71M $4.806M
YoY Change -15.4% 13.74% -35.05%
Interest Expense $700.0K $585.0K -$2.228M
YoY Change -76.57% -80.32% -25.73%
% of Operating Profit 2.82% -46.36%
Other Income/Expense, Net -$21.91M -$2.068M $266.0K
YoY Change 2994.21% 147.66% 166.0%
Pretax Income -$29.88M $18.06M $2.685M
YoY Change 143.14% 25.39% -38.98%
Income Tax $3.899M $6.530M $4.082M
% Of Pretax Income 36.16% 152.03%
Net Earnings -$33.77M $11.53M -$1.397M
YoY Change 147.46% -19.72% -163.5%
Net Earnings / Revenue -25.46% 7.21% -0.99%
Basic Earnings Per Share -$0.43 $0.15
Diluted Earnings Per Share -$0.43 $0.13 -$17.68K
COMMON SHARES
Basic Shares Outstanding 78.95M 79.46M
Diluted Shares Outstanding 78.95M 87.26M

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $416.1M $405.6M $413.7M
YoY Change 59.99% 66.63% 71.54%
Cash & Equivalents $416.1M $405.6M $413.7M
Short-Term Investments
Other Short-Term Assets $20.58M $22.07M $27.53M
YoY Change -10.63% -1.04% 30.47%
Inventory
Prepaid Expenses
Receivables $103.5M $115.8M $137.6M
Other Receivables $11.41M $12.19M $9.388M
Total Short-Term Assets $554.3M $555.7M $588.2M
YoY Change 44.86% 46.69% 52.02%
LONG-TERM ASSETS
Property, Plant & Equipment $39.37M $40.19M $40.48M
YoY Change -0.61% 2.67% 11.41%
Goodwill $386.0M $379.3M $370.2M
YoY Change 46.78% 44.73% 39.96%
Intangibles $90.33M $93.35M $99.06M
YoY Change 35.55% 31.63% 30.14%
Long-Term Investments
YoY Change
Other Assets $25.59M $37.25M $28.35M
YoY Change -26.82% 11.54% 11.67%
Total Long-Term Assets $574.2M $578.0M $575.1M
YoY Change 31.22% 31.64% 29.82%
TOTAL ASSETS
Total Short-Term Assets $554.3M $555.7M $588.2M
Total Long-Term Assets $574.2M $578.0M $575.1M
Total Assets $1.129B $1.134B $1.163B
YoY Change 37.59% 38.61% 40.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.962M $6.061M $6.647M
YoY Change -23.84% -9.54% -22.66%
Accrued Expenses $58.58M $62.80M $71.73M
YoY Change -0.79% 1.13% 22.61%
Deferred Revenue $92.14M $93.16M
YoY Change 8.72%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00 $226.2M $199.9M
YoY Change -100.0% 56446.75% 557.57%
Total Short-Term Liabilities $187.1M $430.7M $474.0M
YoY Change -47.48% 19.85% 136.1%
LONG-TERM LIABILITIES
Long-Term Debt $304.7M $0.00 $146.0K
YoY Change -100.0% -99.92%
Other Long-Term Liabilities $41.47M $43.02M $42.89M
YoY Change 26.22% 71.11% 54.48%
Total Long-Term Liabilities $41.47M $43.02M $42.89M
YoY Change 26.22% 71.11% 54.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $187.1M $430.7M $474.0M
Total Long-Term Liabilities $41.47M $43.02M $42.89M
Total Liabilities $570.3M $514.5M $549.3M
YoY Change 35.77% 23.05% 21.92%
SHAREHOLDERS EQUITY
Retained Earnings -$100.4M -$102.1M
YoY Change 9.43%
Common Stock $687.3M $724.2M
YoY Change 52.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $558.2M $618.4M $613.2M
YoY Change
Total Liabilities & Shareholders Equity $1.129B $1.134B $1.163B
YoY Change 37.59% 38.61% 40.17%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income -$33.77M $11.53M -$1.397M
YoY Change 147.46% -19.72% -163.5%
Depreciation, Depletion And Amortization $8.133M $7.686M $6.289M
YoY Change 25.24% 14.96% -8.72%
Cash From Operating Activities $12.26M $5.786M $6.029M
YoY Change -32.49% -84.18% 9.62%
INVESTING ACTIVITIES
Capital Expenditures -$1.267M $2.190M -$1.038M
YoY Change -46.2% -27.94% -72.61%
Acquisitions $12.97M
YoY Change
Other Investing Activities -$24.67M -$13.31M -$48.53M
YoY Change -98772.0% -19679.41% 455.3%
Cash From Investing Activities -$25.94M -$15.50M -$49.57M
YoY Change 1013.09% 349.26% 295.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.387M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 29.41M 2.509M 2.212M
YoY Change 5566.47% -108.41% 295.0%
NET CHANGE
Cash From Operating Activities 12.26M 5.786M 6.029M
Cash From Investing Activities -25.94M -15.50M -49.57M
Cash From Financing Activities 29.41M 2.509M 2.212M
Net Change In Cash 15.73M -7.209M -41.33M
YoY Change -3.75% -469.12% 539.78%
FREE CASH FLOW
Cash From Operating Activities $12.26M $5.786M $6.029M
Capital Expenditures -$1.267M $2.190M -$1.038M
Free Cash Flow $13.52M $3.596M $7.067M
YoY Change -34.06% -89.28% -23.93%

Facts In Submission

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CY2022Q1 us-gaap Stockholders Equity
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CY2022Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2021Q1 us-gaap Stockholders Equity
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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10626000
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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2640000
CY2021Q2 us-gaap Stockholders Equity
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us-gaap Profit Loss
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us-gaap Depreciation Depletion And Amortization
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altr Gain On Mark To Market Adjustment Of Contingent Consideration
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0
altr Expense On Repurchase Of Convertible Senior Note
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altr Expense On Repurchase Of Convertible Senior Note
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Other Noncurrent Assets
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us-gaap Increase Decrease In Other Noncurrent Assets
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Employee Related Liabilities
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us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
1548000
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-61648000
us-gaap Increase Decrease In Other Operating Liabilities
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2999000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
10080000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-5333000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
18041000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
54722000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
37660000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3457000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5391000
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322000
us-gaap Payments For Proceeds From Other Investing Activities
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389000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-41439000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5780000
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
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us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0
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RepaymentsOfConvertibleDebt
192792000
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0
altr Proceeds From Employee Stock Purchase Plan Contributions
ProceedsFromEmployeeStockPurchasePlanContributions
4431000
altr Proceeds From Employee Stock Purchase Plan Contributions
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1689000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
885000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1157000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
30000000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-131000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-206000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
31918000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-29321000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-847000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2294000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
18774000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
414012000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
241547000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
416306000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
260321000
us-gaap Nature Of Operations
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<div style="text-indent:0.0%;display:flex;margin-top:6.0pt;line-height:1.15;justify-content:flex-start;align-items:baseline;margin-bottom:0.0pt;min-width:3.333%;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;text-indent:0;display:inline-flex;font-size:10.0pt;font-family:Times New Roman;justify-content:flex-start;min-width:3.333%;">1.</span><div style="display:inline;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Organization and description of business</span></div></div><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;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);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Altair Engineering Inc. (“Altair” or the “Company”) is incorporated in the state of Delaware. The Company is a global leader in computational science and artificial intelligence (”AI”) that provides software and cloud solutions in simulation, high-performance computing (“HPC”), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world - all while creating a greener, more sustainable future. The Company is headquartered in Troy, Michigan.</span></p><div style="font-size:10.0pt;font-family:Times New Roman;"><p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;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);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Basis of presentation</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;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);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">The accompanying unaudited consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial information. Accordingly, the accompanying statements do not include all the information and notes required by GAAP for complete financial statements. The accompanying unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements (and notes thereto) for the year ended December 31, 2021, included in the most recent Annual Report on Form 10-K filed with the SEC.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> </span></p></div><div style="font-size:10.0pt;font-family:Times New Roman;"><p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;line-height:14.4pt;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);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of estimates</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;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);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the reporting periods. On an ongoing basis, management evaluates its significant estimates including the stand alone selling price, or SSP, for each distinct performance obligation included in customer contracts with multiple performance obligations, valuation of acquired intangible assets in business combinations, the incremental borrowing rate used in the valuation of lease liabilities, the determination of the period of benefit for capitalized costs to obtain a contract, fair value of convertible senior notes, provision for credit loss, tax valuation allowances, liabilities for uncertain tax provisions, impairment of goodwill and intangible assets, retirement obligations, useful lives of intangible assets, revenue for fixed price contracts, and stock-based compensation. Actual results could differ from those estimates.</span></p></div><div style="font-size:10.0pt;font-family:Times New Roman;"><p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;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);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Significant accounting policies</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;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);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">There have been no material changes to our significant accounting policies as of and for the six months ended June 30, 2022, as compared to the significant accounting policies described in our Annual Report on Form 10-K for the year ended December 31, 2021.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> </span></p></div>
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
169000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
269000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
416306000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
414012000
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
97046000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
57676000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
58103000
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;line-height:14.4pt;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);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of estimates</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;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);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the reporting periods. On an ongoing basis, management evaluates its significant estimates including the stand alone selling price, or SSP, for each distinct performance obligation included in customer contracts with multiple performance obligations, valuation of acquired intangible assets in business combinations, the incremental borrowing rate used in the valuation of lease liabilities, the determination of the period of benefit for capitalized costs to obtain a contract, fair value of convertible senior notes, provision for credit loss, tax valuation allowances, liabilities for uncertain tax provisions, impairment of goodwill and intangible assets, retirement obligations, useful lives of intangible assets, revenue for fixed price contracts, and stock-based compensation. Actual results could differ from those estimates.</span></p>
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
119912000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
292437000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
270075000
altr Percentage Of Net Revenues Through Indirect Channels
PercentageOfNetRevenuesThroughIndirectChannels
0.127
altr Percentage Of Net Revenues Through Indirect Channels
PercentageOfNetRevenuesThroughIndirectChannels
0.107
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
65000000.0
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
147600000
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
128500000
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.73
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.73
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
416137000
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
39370000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
40478000
CY2022Q2 us-gaap Depreciation
Depreciation
1900000
us-gaap Depreciation
Depreciation
3700000
CY2021Q1 us-gaap Depreciation
Depreciation
1900000
us-gaap Depreciation
Depreciation
3700000
CY2022Q2 altr Accrued Obligations For Acquisition Of Businesses
AccruedObligationsForAcquisitionOfBusinesses
17103000
CY2021Q4 altr Accrued Obligations For Acquisition Of Businesses
AccruedObligationsForAcquisitionOfBusinesses
87636000
CY2022Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
8524000
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
5887000
CY2022Q2 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
4197000
CY2021Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
6047000
CY2022Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
4621000
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
3516000
CY2022Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
4431000
CY2021Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
4222000
CY2022Q2 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
2316000
CY2021Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
2537000
CY2022Q2 altr Accrued Defined Contribution Plan Liabilities Current
AccruedDefinedContributionPlanLiabilitiesCurrent
1368000
CY2021Q4 altr Accrued Defined Contribution Plan Liabilities Current
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IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022Q2 us-gaap Income Tax Expense Benefit
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CY2021Q2 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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CY2022Q2 altr Adjusted Earnings Before Interest Taxes Depreciation And Amortization
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CY2022Q2 us-gaap Share Based Compensation
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CY2021Q2 us-gaap Restructuring Charges
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CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022Q2 altr Currency Losses On Acquisition Related Intercompany Loans
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5400000
altr Currency Losses On Acquisition Related Intercompany Loans
CurrencyLossesOnAcquisitionRelatedIntercompanyLoans
6900000

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