2021 Q2 Form 10-Q Financial Statement
#000156459021041685 Filed on August 05, 2021
Income Statement
| Concept | 2021 Q2 | 2020 Q2 |
|---|---|---|
| Revenue | $119.9M | $98.56M |
| YoY Change | 21.66% | -7.69% |
| Cost Of Revenue | $31.95M | $25.10M |
| YoY Change | 27.27% | -19.09% |
| Gross Profit | $87.97M | $73.50M |
| YoY Change | 19.68% | -2.97% |
| Gross Profit Margin | 73.36% | 74.57% |
| Selling, General & Admin | $53.77M | $46.10M |
| YoY Change | 16.64% | 0.06% |
| % of Gross Profit | 61.13% | 62.72% |
| Research & Development | $38.76M | $29.00M |
| YoY Change | 33.64% | -2.78% |
| % of Gross Profit | 44.06% | 39.46% |
| Depreciation & Amortization | $6.494M | $5.633M |
| YoY Change | 15.28% | 6.81% |
| % of Gross Profit | 7.38% | 7.66% |
| Operating Expenses | $96.56M | $77.80M |
| YoY Change | 24.11% | -1.46% |
| Operating Profit | -$8.591M | -$4.300M |
| YoY Change | 99.79% | 34.29% |
| Interest Expense | $2.988M | $2.843M |
| YoY Change | 5.1% | 381.86% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$708.0K | -$320.0K |
| YoY Change | 121.25% | -163.37% |
| Pretax Income | -$12.29M | -$7.455M |
| YoY Change | 64.82% | 126.8% |
| Income Tax | $1.361M | $2.768M |
| % Of Pretax Income | ||
| Net Earnings | -$13.65M | -$10.22M |
| YoY Change | 33.5% | 227.66% |
| Net Earnings / Revenue | -11.38% | -10.37% |
| Basic Earnings Per Share | -$0.18 | -$0.14 |
| Diluted Earnings Per Share | -$0.18 | -$0.14 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 75.26M | 73.00M |
| Diluted Shares Outstanding | 75.26M | 73.00M |
Balance Sheet
| Concept | 2021 Q2 | 2020 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $260.1M | $250.5M |
| YoY Change | 3.83% | -0.52% |
| Cash & Equivalents | $260.3M | $250.5M |
| Short-Term Investments | ||
| Other Short-Term Assets | $23.03M | $16.50M |
| YoY Change | 39.58% | -9.84% |
| Inventory | $2.800M | |
| Prepaid Expenses | ||
| Receivables | $91.57M | $79.20M |
| Other Receivables | $7.949M | $5.700M |
| Total Short-Term Assets | $382.6M | $352.0M |
| YoY Change | 8.71% | -3.39% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $39.61M | $34.46M |
| YoY Change | 14.96% | 1.19% |
| Goodwill | $263.0M | $233.5M |
| YoY Change | 12.62% | 10.09% |
| Intangibles | $66.64M | $58.18M |
| YoY Change | 14.54% | -10.32% |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $34.96M | $26.20M |
| YoY Change | 33.45% | 33.9% |
| Total Long-Term Assets | $437.6M | $384.8M |
| YoY Change | 13.71% | 5.32% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $382.6M | $352.0M |
| Total Long-Term Assets | $437.6M | $384.8M |
| Total Assets | $820.2M | $736.8M |
| YoY Change | 11.32% | 0.97% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $6.515M | $4.800M |
| YoY Change | 35.73% | -25.72% |
| Accrued Expenses | $59.05M | $52.60M |
| YoY Change | 12.26% | 2.33% |
| Deferred Revenue | $73.06M | |
| YoY Change | 8.1% | |
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $193.9M | $500.0K |
| YoY Change | 38685.2% | 0.0% |
| Total Short-Term Liabilities | $356.2M | $146.1M |
| YoY Change | 143.86% | 3.55% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $183.4M |
| YoY Change | -100.0% | 5.89% |
| Other Long-Term Liabilities | $32.86M | $19.99M |
| YoY Change | 64.36% | -24.17% |
| Total Long-Term Liabilities | $32.86M | $19.99M |
| YoY Change | 64.36% | -24.17% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $356.2M | $146.1M |
| Total Long-Term Liabilities | $32.86M | $19.99M |
| Total Liabilities | $420.1M | $166.1M |
| YoY Change | 152.97% | -54.82% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $399.3M | $355.0M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $820.2M | $736.8M |
| YoY Change | 11.32% | 0.97% |
Cashflow Statement
| Concept | 2021 Q2 | 2020 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$13.65M | -$10.22M |
| YoY Change | 33.5% | 227.66% |
| Depreciation, Depletion And Amortization | $6.494M | $5.633M |
| YoY Change | 15.28% | 6.81% |
| Cash From Operating Activities | $18.15M | $5.360M |
| YoY Change | 238.66% | -18.17% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$2.355M | -$880.0K |
| YoY Change | 167.61% | -57.69% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $25.00K | -$2.190M |
| YoY Change | -101.14% | 217.39% |
| Cash From Investing Activities | -$2.330M | -$3.070M |
| YoY Change | -24.1% | 10.83% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 519.0K | 190.0K |
| YoY Change | 173.16% | -99.91% |
| NET CHANGE | ||
| Cash From Operating Activities | 18.15M | 5.360M |
| Cash From Investing Activities | -2.330M | -3.070M |
| Cash From Financing Activities | 519.0K | 190.0K |
| Net Change In Cash | 16.34M | 2.480M |
| YoY Change | 558.91% | -98.83% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $18.15M | $5.360M |
| Capital Expenditures | -$2.355M | -$880.0K |
| Free Cash Flow | $20.51M | $6.240M |
| YoY Change | 228.64% | -27.69% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
54722000 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
33401000 | ||
| CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
354707000 | |
| CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
6030000 | |
| CY2020Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
194000 | |
| CY2020Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3043000 | |
| CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-7578000 | |
| CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-137000 | |
| CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
356145000 | |
| CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-10223000 | |
| CY2020Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4586000 | |
| CY2020Q2 | us-gaap |
Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
|
1568000 | |
| CY2020Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
2560000 | |
| CY2020Q2 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-31000 | |
| CY2020Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
354950000 | |
| us-gaap |
Profit Loss
ProfitLoss
|
712000 | ||
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
13180000 | ||
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
205000 | ||
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
589000 | ||
| us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
5631000 | ||
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
20296000 | ||
| us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
-1000 | ||
| us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
-5961000 | ||
| us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-34000 | ||
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-967000 | ||
| us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
1548000 | ||
| us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
2999000 | ||
| us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-5333000 | ||
| us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-2315000 | ||
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
5391000 | ||
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2530000 | ||
| us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
344000 | ||
| us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
433000 | ||
| us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
2270000 | ||
| us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
45000 | ||
| us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-142000 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-5780000 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-5091000 | ||
| us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
30000000 | ||
| us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-210000 | ||
| us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
18774000 | ||
| CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
241547000 | |
| CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
223497000 | |
| us-gaap |
Interest Paid Net
InterestPaidNet
|
339000 | ||
| us-gaap |
Interest Paid Net
InterestPaidNet
|
306000 | ||
| us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
3744000 | ||
| us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
9491000 | ||
| altr |
Non Cash Investing And Financing Activities Finance Leases
NonCashInvestingAndFinancingActivitiesFinanceLeases
|
100000 | ||
| us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
631000 | ||
| us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
343000 | ||
| us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:2.5%;white-space:nowrap" valign="top"> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;text-transform:none;font-weight:bold;font-family:Times New Roman;font-style:normal;font-variant: normal;"><span style="font-size:10pt;text-transform:none;font-weight:bold;font-family:Times New Roman;font-style:normal;font-variant: normal;">1.</span></p></td> <td valign="top"> <p style="margin-bottom:0pt;margin-top:6pt;text-transform:none;font-weight:bold;font-style:normal;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Organization and description of business</p></td></tr></table></div> <p style="text-align:left;margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Altair Engineering Inc. (“Altair” or the “Company”) is incorporated in the state of Delaware. The Company is a global technology company providing software and cloud solutions in the areas of simulation, high-performance computing (“HPC”), data analytics, and artificial intelligence (“AI”). <span style="color:#000000;">Altair enables organizations across broad industry segments to compete more effectively in a connected world while creating a more sustainable future.</span> The Company is headquartered in Troy, Michigan.</p> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Basis of presentation</p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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, 2020, included in the most recent Annual Report on Form 10-K filed with the SEC. </p> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;color:#000000;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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.</p> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;color:#000000;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Significant accounting policies</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">There have been no material changes to our significant accounting policies as of and for the six months ended June 30, 2021 as compared to the significant accounting policies described in our Annual Report on Form 10-K for the year ended December 31, 2020. </p> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p> | ||
| CY2021Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
119912000 | |
| CY2020Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
98561000 | |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
270075000 | ||
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
230024000 | ||
| altr |
Percentage Of Net Revenues Through Indirect Channels
PercentageOfNetRevenuesThroughIndirectChannels
|
0.10 | ||
| altr |
Percentage Of Net Revenues Through Indirect Channels
PercentageOfNetRevenuesThroughIndirectChannels
|
0.10 | ||
| us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
60300000 | ||
| us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;color:#000000;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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.</p> | ||
| CY2021Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
128500000 | |
| CY2020Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
117900000 | |
| CY2021Q2 | altr |
Revenue Remaining Performance Obligation Expected To Be Recognized Percentage
RevenueRemainingPerformanceObligationExpectedToBeRecognizedPercentage
|
0.84 | |
| CY2020Q2 | altr |
Revenue Remaining Performance Obligation Expected To Be Recognized Percentage
RevenueRemainingPerformanceObligationExpectedToBeRecognizedPercentage
|
0.84 | |
| CY2021Q2 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P12M | |
| CY2020Q2 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P12M | |
| CY2021Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
95646000 | |
| CY2020Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
89601000 | |
| CY2021Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
56036000 | |
| CY2020Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
53269000 | |
| CY2021Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
39610000 | |
| CY2020Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
36332000 | |
| CY2021Q2 | us-gaap |
Depreciation
Depreciation
|
1900000 | |
| us-gaap |
Depreciation
Depreciation
|
3700000 | ||
| CY2020Q2 | us-gaap |
Depreciation
Depreciation
|
2000000.0 | |
| us-gaap |
Depreciation
Depreciation
|
3800000 | ||
| CY2021Q2 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
6384000 | |
| CY2020Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
7250000 | |
| CY2021Q2 | us-gaap |
Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
|
5192000 | |
| CY2020Q4 | us-gaap |
Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
|
6604000 | |
| CY2021Q2 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
3617000 | |
| CY2020Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
3156000 | |
| CY2021Q2 | us-gaap |
Accrued Royalties Current
AccruedRoyaltiesCurrent
|
2175000 | |
| CY2020Q4 | us-gaap |
Accrued Royalties Current
AccruedRoyaltiesCurrent
|
2009000 | |
| CY2021Q2 | altr |
Accrued Obligations For Acquisition Of Businesses
AccruedObligationsForAcquisitionOfBusinesses
|
1715000 | |
| CY2020Q4 | altr |
Accrued Obligations For Acquisition Of Businesses
AccruedObligationsForAcquisitionOfBusinesses
|
1957000 | |
| CY2021Q2 | altr |
Accrued Defined Contribution Plan Liabilities Current
AccruedDefinedContributionPlanLiabilitiesCurrent
|
1449000 | |
| CY2020Q4 | altr |
Accrued Defined Contribution Plan Liabilities Current
AccruedDefinedContributionPlanLiabilitiesCurrent
|
1660000 | |
| CY2021Q2 | us-gaap |
Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
|
720000 | |
| CY2020Q4 | us-gaap |
Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
|
1108000 | |
| CY2021Q2 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
|
714000 | |
| CY2020Q4 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
|
1366000 | |
| CY2021Q2 | us-gaap |
Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
|
5844000 | |
| CY2020Q4 | us-gaap |
Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
|
6294000 | |
| CY2021Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
27810000 | |
| CY2020Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
31404000 | |
| CY2021Q2 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
|
14825000 | |
| CY2020Q4 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
|
14497000 | |
| CY2021Q2 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
8068000 | |
| CY2020Q4 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
8028000 | |
| CY2021Q2 | us-gaap |
Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
|
9963000 | |
| CY2020Q4 | us-gaap |
Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
|
5242000 | |
| CY2021Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
32856000 | |
| CY2020Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
27767000 | |
| CY2021Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
1700000 | |
| us-gaap |
Restructuring Charges
RestructuringCharges
|
5100000 | ||
| CY2021Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
1732000 | |
| us-gaap |
Restructuring Charges
RestructuringCharges
|
5078000 | ||
| CY2021Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-787000 | |
| CY2020Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-704000 | |
| us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-1716000 | ||
| us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
32000 | ||
| CY2021Q2 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
79000 | |
| CY2020Q2 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
384000 | |
| us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
173000 | ||
| us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
1038000 | ||
| CY2021Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-708000 | |
| CY2020Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-320000 | |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1543000 | ||
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1070000 | ||
| CY2020Q4 | us-gaap |
Goodwill
Goodwill
|
264481000 | |
| altr |
Goodwill Effect Of Foreign Currency Translation Gain Loss And Other
GoodwillEffectOfForeignCurrencyTranslationGainLossAndOther
|
-1518000 | ||
| CY2021Q2 | us-gaap |
Goodwill
Goodwill
|
262963000 | |
| CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
119438000 | |
| CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
119438000 | |
| CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
63978000 | |
| CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
63978000 | |
| CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
55460000 | |
| CY2021Q2 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
230000000 | |
| CY2020Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
260000000 | |
| CY2021Q2 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
32175000 | |
| CY2020Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
37190000 | |
| CY2021Q2 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
3899000 | |
| CY2020Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
4548000 | |
| CY2020Q4 | us-gaap |
Other Long Term Debt Current
OtherLongTermDebtCurrent
|
29962000 | |
| CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
55460000 | |
| CY2021Q2 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
130615000 | |
| CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
63978000 | |
| CY2021Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
66637000 | |
| CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
119392000 | |
| CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
119392000 | |
| CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
54408000 | |
| CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
54408000 | |
| CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
64984000 | |
| CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
64984000 | |
| CY2020Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
130522000 | |
| CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
54408000 | |
| CY2020Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
76114000 | |
| CY2021Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
4600000 | |
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
9500000 | ||
| CY2020Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3700000 | |
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
7500000 | ||
| CY2021Q2 | us-gaap |
Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
|
358000000.0 | |
| CY2021Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
10648000 | |
| CY2020Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4534000 | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
20296000 | ||
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
7705000 | ||
| CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-13648000 | |
| CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-10223000 | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
712000 | ||
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-4193000 | ||
| CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
75263000 | |
| CY2020Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
72999000 | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
74959000 | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
72811000 | ||
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
4892000 | ||
| CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
75263000 | |
| CY2020Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
72999000 | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
79851000 | ||
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
72811000 | ||
| CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.18 | |
| CY2020Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.14 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.06 | ||
| CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.18 | |
| CY2020Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.14 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.06 | ||
| CY2021Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
5040000 | |
| CY2020Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
4473000 | |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
4459000 | ||
| us-gaap |
Interest Expense
InterestExpense
|
5961000 | ||
| us-gaap |
Interest Expense
InterestExpense
|
5656000 | ||
| CY2021Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
6494000 | |
| CY2020Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
5633000 | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
13180000 | ||
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
11293000 | ||
| CY2021Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
1732000 | |
| CY2021Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
10648000 | |
| CY2020Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4534000 | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
20296000 | ||
| us-gaap |
Restructuring Charges
RestructuringCharges
|
5078000 | ||
| CY2021Q2 | altr |
Interest Income And Other
InterestIncomeAndOther
|
79000 | |
| CY2020Q2 | altr |
Interest Income And Other
InterestIncomeAndOther
|
-194000 | |
| altr |
Interest Income And Other
InterestIncomeAndOther
|
173000 | ||
| altr |
Interest Income And Other
InterestIncomeAndOther
|
460000 | ||
| CY2021Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-12287000 | |
| CY2021Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1361000 | |
| CY2020Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2768000 | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1402000 | ||
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
7420000 | ||
| CY2021Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.11 | |
| CY2020Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.37 | |
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.66 | ||
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
2.30 | ||
| us-gaap |
Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
|
-2400000 | ||
| us-gaap |
Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
|
3700000 | ||
| us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
-1236000 | ||
| us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
-128000 | ||
| us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-1108000 | ||
| us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | ||
| CY2021Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
119912000 | |
| CY2021Q2 | altr |
Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
|
9496000 | |
| CY2020Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
98561000 | |
| CY2020Q2 | altr |
Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
|
5749000 | |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
270075000 | ||
| altr |
Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
|
46456000 | ||
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
230024000 | ||
| altr |
Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
|
27421000 | ||
| CY2021Q2 | altr |
Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
|
9496000 | |
| CY2020Q2 | altr |
Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
|
5749000 | |
| altr |
Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
|
46456000 | ||
| altr |
Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
|
27421000 | ||
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
7705000 | ||
| CY2021Q2 | us-gaap |
Interest Expense
InterestExpense
|
2988000 | |
| CY2020Q2 | us-gaap |
Interest Expense
InterestExpense
|
2843000 | |
| CY2020Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-7455000 | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
2114000 | ||
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
3227000 |
