$ALTR
Altair Engineering Inc.

2023 Q4 Form 10-K Financial Statement

#000095017024018804 Filed on February 22, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023
Revenue $171.5M $612.7M
YoY Change 6.9% 7.07%
Cost Of Revenue $29.17M $121.8M
YoY Change -13.83% -0.89%
Gross Profit $142.3M $490.9M
YoY Change 12.44% 9.25%
Gross Profit Margin 82.99% 80.12%
Selling, General & Admin $60.69M $247.0M
YoY Change -8.32% -2.3%
% of Gross Profit 42.64% 50.32%
Research & Development $52.52M $212.6M
YoY Change 10.54% 14.41%
% of Gross Profit 36.9% 43.32%
Depreciation & Amortization $9.824M $39.12M
YoY Change -13.92% 10.2%
% of Gross Profit 6.9% 7.97%
Operating Expenses $119.7M $490.7M
YoY Change -1.82% 7.54%
Operating Profit $22.59M $243.0K
YoY Change 389.38% -103.5%
Interest Expense $2.098M $6.116M
YoY Change -62.12% 39.73%
% of Operating Profit 9.29% 2516.87%
Other Income/Expense, Net $5.163M $18.49M
YoY Change 143.65% -209.43%
Pretax Income $29.85M $12.62M
YoY Change 143.22% -144.73%
Income Tax $10.18M $21.55M
% Of Pretax Income 34.09% 170.73%
Net Earnings $19.68M -$8.926M
YoY Change 63.08% -79.45%
Net Earnings / Revenue 11.47% -1.46%
Basic Earnings Per Share -$0.11
Diluted Earnings Per Share $0.24 -$0.11
COMMON SHARES
Basic Shares Outstanding 80.60M
Diluted Shares Outstanding 80.60M

Balance Sheet

Concept 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $467.5M $467.5M
YoY Change 47.86% 47.86%
Cash & Equivalents $467.5M $467.5M
Short-Term Investments
Other Short-Term Assets $20.85M $20.85M
YoY Change -8.71% -8.71%
Inventory
Prepaid Expenses
Receivables $190.5M $195.7M
Other Receivables $16.65M $16.65M
Total Short-Term Assets $700.6M $700.6M
YoY Change 32.99% 32.99%
LONG-TERM ASSETS
Property, Plant & Equipment $39.80M $70.56M
YoY Change 6.09% -0.78%
Goodwill $458.1M
YoY Change 2.02%
Intangibles $83.55M
YoY Change -22.36%
Long-Term Investments
YoY Change
Other Assets $40.68M $50.63M
YoY Change 0.66% 0.99%
Total Long-Term Assets $662.9M $662.9M
YoY Change -2.22% -2.22%
TOTAL ASSETS
Total Short-Term Assets $700.6M $700.6M
Total Long-Term Assets $662.9M $662.9M
Total Assets $1.363B $1.363B
YoY Change 13.18% 13.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.995M $8.995M
YoY Change -13.79% -13.79%
Accrued Expenses $78.15M $78.15M
YoY Change 3.77% 3.77%
Deferred Revenue $131.4M
YoY Change 16.16%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $81.46M $81.46M
YoY Change 105685.71% 105685.71%
Total Short-Term Liabilities $324.1M $324.1M
YoY Change 39.26% 39.26%
LONG-TERM LIABILITIES
Long-Term Debt $225.9M $225.9M
YoY Change -26.07% -26.07%
Other Long-Term Liabilities $47.15M $89.25M
YoY Change 14.4% 11.75%
Total Long-Term Liabilities $47.15M $315.2M
YoY Change 14.4% -18.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $324.1M $324.1M
Total Long-Term Liabilities $47.15M $315.2M
Total Liabilities $652.2M $652.2M
YoY Change 2.7% 2.7%
SHAREHOLDERS EQUITY
Retained Earnings -$130.5M
YoY Change 7.34%
Common Stock $864.1M
YoY Change 19.8%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $711.3M $711.3M
YoY Change
Total Liabilities & Shareholders Equity $1.363B $1.363B
YoY Change 13.18% 13.18%

Cashflow Statement

Concept 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $19.68M -$8.926M
YoY Change 63.08% -79.45%
Depreciation, Depletion And Amortization $9.824M $39.12M
YoY Change -13.92% 10.2%
Cash From Operating Activities $21.61M $127.3M
YoY Change 65.75% 221.73%
INVESTING ACTIVITIES
Capital Expenditures $2.293M $10.19M
YoY Change -21.66% 5.65%
Acquisitions $3.236M
YoY Change -97.59%
Other Investing Activities $41.00K $2.423M
YoY Change -109.98% -76.53%
Cash From Investing Activities -$2.252M -$15.85M
YoY Change -32.53% -89.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.256M
YoY Change -78.35%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 12.77M 37.77M
YoY Change -204.89% 64.34%
NET CHANGE
Cash From Operating Activities 21.61M 127.3M
Cash From Investing Activities -2.252M -15.85M
Cash From Financing Activities 12.77M 37.77M
Net Change In Cash 32.12M 150.6M
YoY Change -1398.87% -255.19%
FREE CASH FLOW
Cash From Operating Activities $21.61M $127.3M
Capital Expenditures $2.293M $10.19M
Free Cash Flow $19.31M $117.1M
YoY Change 91.06% 291.4%

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CY2023 us-gaap Nature Of Operations
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<p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">1. Description of business</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;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 enabling organizations across broad industry segments to drive smarter decisions in an increasingly connected world. Altair delivers software and cloud solutions in the areas of simulation and design, high-performance computing (“HPC”), data analytics, and artificial intelligence (“AI”).</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:'Calibri',sans-serif;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;">Altair’s products and services leverage computational intelligence to drive innovation for a more connected, safe, and sustainable future. The Company is based in Troy, Michigan.</span></p><p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company’s simulation and AI-driven approach to innovation is powered by the Company’s broad portfolio of high-fidelity and high-performance physics solvers, our market leading technology for optimization and HPC, and our end-to-end platform for developing AI and Internet of Things (“IoT”) solutions. The Company’s integrated suite of software optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems, while also providing AI solutions and true-to-life visualization and rendering. The Company's HPC solutions maximize the efficient utilization of complex compute resources and streamline the workflow management of compute-intensive tasks for applications including AI, modeling and simulation, and visualization. Altair's data analytics, AI, and IoT products include data preparation, data science, MLOps, orchestration, and visualization solutions that fuel engineering, scientific, and business decisions.</span></p><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Altair also provides Client Engineering Services to support its customers with long-term ongoing product design and development expertise. This has the benefit of embedding the Company within customers, deepening its understanding of their processes, and allowing the Company to quickly perceive trends in the overall market, helping the Company to better tailor its software products’ research and development and sales initiatives. The Company hires engineers and data scientists for placement at a customer site for specific customer-directed assignments. </span>
CY2023 us-gaap Use Of Estimates
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<p style="font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><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="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;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, the incremental borrowing rate used in the valuation of lease liabilities, fair value of convertible senior notes, provision for expected credit losses, 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>
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CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
39803000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
37517000
CY2023 us-gaap Depreciation
Depreciation
8300000
CY2022 us-gaap Depreciation
Depreciation
8000000
CY2021 us-gaap Depreciation
Depreciation
7300000
CY2023Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
12239000
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
11524000
CY2023Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
8710000
CY2022Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
8402000
CY2023Q4 altr Employee Stock Purchase Plan Liabilities
EmployeeStockPurchasePlanLiabilities
4155000
CY2022Q4 altr Employee Stock Purchase Plan Liabilities
EmployeeStockPurchasePlanLiabilities
3969000
CY2023Q4 altr Accrued Obligations For Acquisition Of Businesses
AccruedObligationsForAcquisitionOfBusinesses
3286000
CY2022Q4 altr Accrued Obligations For Acquisition Of Businesses
AccruedObligationsForAcquisitionOfBusinesses
13136000
CY2023Q4 altr Customer Advances
CustomerAdvances
2700000
CY2022Q4 altr Customer Advances
CustomerAdvances
921000
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
2473000
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
2465000
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2436000
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
3637000
CY2023Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
2385000
CY2022Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
1874000
CY2023Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
2313000
CY2022Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
2593000
CY2023Q4 altr Accrued Defined Contribution Plan Liabilities Current
AccruedDefinedContributionPlanLiabilitiesCurrent
1454000
CY2022Q4 altr Accrued Defined Contribution Plan Liabilities Current
AccruedDefinedContributionPlanLiabilitiesCurrent
1393000
CY2023Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
6247000
CY2022Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
6457000
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
48398000
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
56371000
CY2023Q4 altr Income Tax Reserves
IncomeTaxReserves
16254000
CY2022Q4 altr Income Tax Reserves
IncomeTaxReserves
10852000
CY2023Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
15815000
CY2022Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
12273000
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
12870000
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
16775000
CY2023Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
2212000
CY2022Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
1316000
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
47151000
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
41216000
CY2021 us-gaap Restructuring Charges
RestructuringCharges
5100000
CY2023 us-gaap Restructuring Charges
RestructuringCharges
0
CY2022 us-gaap Restructuring Charges
RestructuringCharges
0
CY2023 altr Interest Income And Other
InterestIncomeAndOther
16855000
CY2022 altr Interest Income And Other
InterestIncomeAndOther
4127000
CY2021 altr Interest Income And Other
InterestIncomeAndOther
541000
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1637000
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-4405000
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1103000
CY2023 altr Expense On Repurchase Of Convertible Senior Note
ExpenseOnRepurchaseOfConvertibleSeniorNote
0
CY2022 altr Expense On Repurchase Of Convertible Senior Note
ExpenseOnRepurchaseOfConvertibleSeniorNote
16621000
CY2021 altr Expense On Repurchase Of Convertible Senior Note
ExpenseOnRepurchaseOfConvertibleSeniorNote
0
CY2023 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
18492000
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-16899000
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-562000
CY2021Q4 us-gaap Goodwill
Goodwill
370178000
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
96092000
CY2022 altr Goodwill Effect Of Foreign Currency Translation Gain Loss And Other
GoodwillEffectOfForeignCurrencyTranslationGainLossAndOther
-17222000
CY2022Q4 us-gaap Goodwill
Goodwill
449048000
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
2948000
CY2023 altr Goodwill Effect Of Foreign Currency Translation Gain Loss And Other
GoodwillEffectOfForeignCurrencyTranslationGainLossAndOther
6129000
CY2023Q4 us-gaap Goodwill
Goodwill
458125000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
202143000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
129071000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
73072000
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
212621000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
129071000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
83550000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
194294000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
97111000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
97183000
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
204720000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
97111000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
107609000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
30900000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
27500000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18400000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
28835000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
22103000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
15920000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
4689000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
1286000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
239000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
73072000
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
13100000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
13400000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
13800000
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
11300000
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
11700000
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
12200000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
30759000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
33601000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
8825000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10396000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
22625000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
24065000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
31450000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
34461000
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y4M24D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.038
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
11606000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
12949000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
12058000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
17023000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12455000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6577000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
10169000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
7197000
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
35000
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
23000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5789000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3893000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2073000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
7988000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
37109000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5659000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
31450000
CY2023Q4 us-gaap Preferred Stock Shares Authorized
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45000000
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.0001
CY2023Q4 us-gaap Preferred Stock Shares Issued
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0
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2023 us-gaap Common Stock Dividends Per Share Declared
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0
CY2022 us-gaap Common Stock Dividends Per Share Declared
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CY2021 us-gaap Common Stock Dividends Per Share Declared
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.35
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.35
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.35
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.035
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.043
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.017
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.042
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.011
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.012
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2021 us-gaap Share Based Compensation
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
34422000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
34489000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
27562000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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12619000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-28213000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2023 us-gaap Current Foreign Tax Expense Benefit
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22746000
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
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9781000
CY2023 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
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CY2023 us-gaap Current Income Tax Expense Benefit
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23864000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
19380000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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19000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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22000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2023 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15216000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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2650000
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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1733000
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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2249000
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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2950000
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2023 altr Effective Income Tax Rate Reconciliation Us Effect Of Foreign Operations
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CY2022 altr Effective Income Tax Rate Reconciliation Us Effect Of Foreign Operations
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15827000
CY2021 altr Effective Income Tax Rate Reconciliation Us Effect Of Foreign Operations
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1827000
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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29849000
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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7830000
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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20212000
CY2023 altr Effective Income Tax Rate Reconciliation Foreign Income Tax Withholding Amount
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7444000
CY2022 altr Effective Income Tax Rate Reconciliation Foreign Income Tax Withholding Amount
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6738000
CY2021 altr Effective Income Tax Rate Reconciliation Foreign Income Tax Withholding Amount
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CY2023 us-gaap Income Tax Reconciliation Tax Credits Foreign
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CY2022 us-gaap Income Tax Reconciliation Tax Credits Foreign
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12315000
CY2021 us-gaap Income Tax Reconciliation Tax Credits Foreign
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CY2023 us-gaap Income Tax Reconciliation Tax Credits Research
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CY2022 us-gaap Income Tax Reconciliation Tax Credits Research
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CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
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CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2023 us-gaap Income Tax Reconciliation Other Adjustments
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CY2022 us-gaap Income Tax Reconciliation Other Adjustments
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1250000
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
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CY2023Q4 us-gaap Deferred Tax Liabilities Other
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CY2022Q4 us-gaap Deferred Tax Liabilities Other
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CY2023Q4 us-gaap Deferred Income Tax Liabilities
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CY2022Q4 us-gaap Deferred Income Tax Liabilities
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37442000
CY2023 us-gaap Income Tax Reconciliation Tax Contingencies Other
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6370000
CY2022 us-gaap Income Tax Reconciliation Tax Contingencies Other
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