2021 Q4 Form 10-K Financial Statement

#000156459022007651 Filed on February 28, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $140.8M $532.2M $133.4M
YoY Change 5.54% 13.25% 7.69%
Cost Of Revenue $32.64M $128.6M $32.70M
YoY Change -0.19% 6.05% -11.62%
Gross Profit $108.2M $403.5M $100.8M
YoY Change 7.3% 15.75% 15.96%
Gross Profit Margin 76.82% 75.83% 75.56%
Selling, General & Admin $61.70M $221.9M $53.50M
YoY Change 15.33% 12.16% 9.41%
% of Gross Profit 57.04% 55.0% 53.08%
Research & Development $38.18M $149.3M $35.00M
YoY Change 9.08% 18.44% 14.75%
% of Gross Profit 35.3% 37.0% 34.72%
Depreciation & Amortization $6.289M $25.64M $6.890M
YoY Change -8.72% 7.72% 21.3%
% of Gross Profit 5.81% 6.35% 6.84%
Operating Expenses $103.4M $386.1M $93.40M
YoY Change 10.66% 14.62% 12.94%
Operating Profit $4.806M $17.39M $7.400M
YoY Change -35.05% 48.48% 78.36%
Interest Expense -$2.228M $12.07M -$3.000M
YoY Change -25.73% 4.03% 7.14%
% of Operating Profit -46.36% 69.37% -40.54%
Other Income/Expense, Net $266.0K -$562.0K $100.0K
YoY Change 166.0% -129.32% -88.89%
Pretax Income $2.685M -$288.0K $4.400M
YoY Change -38.98% -114.17% 100.0%
Income Tax $4.082M $8.506M $2.200M
% Of Pretax Income 152.03% 50.0%
Net Earnings -$1.397M -$8.794M $2.200M
YoY Change -163.5% -16.25% -246.47%
Net Earnings / Revenue -0.99% -1.65% 1.65%
Basic Earnings Per Share -$0.12
Diluted Earnings Per Share -$17.68K -$115.4K $29.73K
COMMON SHARES
Basic Shares Outstanding 76.18M
Diluted Shares Outstanding 76.18M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $413.7M $413.7M $241.2M
YoY Change 71.54% 71.54% 8.11%
Cash & Equivalents $413.7M $413.7M $241.2M
Short-Term Investments
Other Short-Term Assets $27.53M $25.23M $21.10M
YoY Change 30.47% 19.57% 23.39%
Inventory
Prepaid Expenses
Receivables $137.6M $139.9M $117.9M
Other Receivables $9.388M $9.388M $6.700M
Total Short-Term Assets $588.2M $588.2M $386.9M
YoY Change 52.02% 52.03% 9.78%
LONG-TERM ASSETS
Property, Plant & Equipment $40.48M $68.97M $36.33M
YoY Change 11.41% -1.33% 0.1%
Goodwill $370.2M $264.5M
YoY Change 39.96% 13.18%
Intangibles $99.06M $76.11M
YoY Change 30.14% 13.48%
Long-Term Investments
YoY Change
Other Assets $28.35M $36.85M $25.39M
YoY Change 11.67% 13.38% 28.83%
Total Long-Term Assets $575.1M $575.1M $443.0M
YoY Change 29.82% 29.81% 13.38%
TOTAL ASSETS
Total Short-Term Assets $588.2M $588.2M $386.9M
Total Long-Term Assets $575.1M $575.1M $443.0M
Total Assets $1.163B $1.163B $829.9M
YoY Change 40.17% 40.17% 11.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.647M $6.647M $8.594M
YoY Change -22.66% -22.71% 0.1%
Accrued Expenses $71.73M $71.73M $58.50M
YoY Change 22.61% 22.61% 13.37%
Deferred Revenue $93.16M $85.69M
YoY Change 8.72% 13.6%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $199.9M $199.9M $30.40M
YoY Change 557.57% 557.57% 7500.0%
Total Short-Term Liabilities $474.0M $474.0M $200.8M
YoY Change 136.1% 136.04% 31.33%
LONG-TERM LIABILITIES
Long-Term Debt $146.0K $146.0K $188.7M
YoY Change -99.92% -99.92% 5.89%
Other Long-Term Liabilities $42.89M $59.78M $27.77M
YoY Change 54.48% 12.58% 4.11%
Total Long-Term Liabilities $42.89M $59.93M $27.77M
YoY Change 54.48% -75.22% 4.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $474.0M $474.0M $200.8M
Total Long-Term Liabilities $42.89M $59.93M $27.77M
Total Liabilities $549.3M $549.3M $450.5M
YoY Change 21.92% 21.93% 16.69%
SHAREHOLDERS EQUITY
Retained Earnings -$102.1M -$93.29M
YoY Change 9.43% 13.21%
Common Stock $724.2M $474.7M
YoY Change 52.57% 6.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $613.2M $614.0M $378.6M
YoY Change
Total Liabilities & Shareholders Equity $1.163B $1.163B $829.9M
YoY Change 40.17% 40.17% 11.67%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$1.397M -$8.794M $2.200M
YoY Change -163.5% -16.25% -246.47%
Depreciation, Depletion And Amortization $6.289M $25.64M $6.890M
YoY Change -8.72% 7.72% 21.3%
Cash From Operating Activities $6.029M $61.62M $5.500M
YoY Change 9.62% 87.41% 298.55%
INVESTING ACTIVITIES
Capital Expenditures -$1.038M $7.849M -$3.790M
YoY Change -72.61% 28.82% 146.1%
Acquisitions $53.98M
YoY Change 31.58%
Other Investing Activities -$48.53M $306.0K -$8.740M
YoY Change 455.3% -288.89% -65.07%
Cash From Investing Activities -$49.57M -$62.48M -$12.52M
YoY Change 295.93% 27.28% -52.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.212M 175.9M 560.0K
YoY Change 295.0% 463.03% -1500.0%
NET CHANGE
Cash From Operating Activities 6.029M 61.62M 5.500M
Cash From Investing Activities -49.57M -62.48M -12.52M
Cash From Financing Activities 2.212M 175.9M 560.0K
Net Change In Cash -41.33M 172.5M -6.460M
YoY Change 539.78% 855.48% -74.38%
FREE CASH FLOW
Cash From Operating Activities $6.029M $61.62M $5.500M
Capital Expenditures -$1.038M $7.849M -$3.790M
Free Cash Flow $7.067M $53.77M $9.290M
YoY Change -23.93% 100.73% 218.15%

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CY2021 us-gaap Nature Of Operations
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<p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">1. Description of business </p> <p style="margin-top:6pt;margin-bottom:0pt;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 leader in computational science and artificial intelligence enabling organizations across broad industry segments to drive smarter decisions in an increasingly connected world. Altair deliver’s software and cloud solutions in the areas of simulation, high-performance computing (“HPC”), data analytics, and artificial intelligence (“AI”).<span style="font-family:Calibri;"> </span>Altair’s products and services help create a more sustainable future for the planet. The Company is based in Troy, Michigan.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Altair’s software products represent a comprehensive, open architecture solution for simulation, HPC, data analytics, and AI to empower decision making for improved product design and development, manufacturing, energy management and exploration, financial services, health care, and retail operations. Altair believes its products offer a comprehensive set of technologies to design and optimize high-performance, efficient, innovative and sustainable products and processes. </p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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 more 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.  </p>
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<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;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, <span style="color:#000000;">the incremental borrowing rate used in the valuation of lease liabilities, fair value of convertible senior notes</span>, provision for doubtful accounts, 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, valuation of common stock, and stock-based compensation. Actual results could differ from those estimates.</p>
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264481000
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
108772000
CY2021 altr Goodwill Effect Of Foreign Currency Translation Gain Loss And Other
GoodwillEffectOfForeignCurrencyTranslationGainLossAndOther
-3075000
CY2021Q4 us-gaap Goodwill
Goodwill
370178000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
159815000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
159815000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
71658000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
71658000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
88157000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
88157000
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
170715000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
71658000
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
99057000
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 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
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18400000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16400000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14400000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
23164000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
21472000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
18881000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
12479000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
9910000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
2251000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
88157000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
13754000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
13412000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
13287000
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
440000
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
634000
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
525000
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
18000
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
32000
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
21000
CY2021 altr Finance Lease Cost
FinanceLeaseCost
458000
CY2020 altr Finance Lease Cost
FinanceLeaseCost
666000
CY2019 altr Finance Lease Cost
FinanceLeaseCost
546000
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
12200000
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
12100000
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
11800000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
28494000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
33526000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9933000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10331000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
19550000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
24323000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
29483000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
34654000
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.043
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.047
CY2021Q4 altr Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
2532000
CY2020Q4 altr Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
2665000
CY2021Q4 altr Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
2151000
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
868000
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
195000
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
422000
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
146000
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
353000
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
341000
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
775000
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.029
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.031
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
12058000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
11875000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
11355000
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
18000
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
32000
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
46000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
407000
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
456000
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
438000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6577000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11713000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11251000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
9000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
118000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
632000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
11255000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8731000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5412000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3418000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2486000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1542000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
32844000
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3361000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
29483000
CY2021Q4 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
392100000
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
45000000
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
38.11
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.35
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.42
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0180
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2019 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
ShareBasedCompensation
44549000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
21355000
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
8528000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
27562000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
24159000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
18120000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-288000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2032000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3388000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
22882000
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
9781000
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
23197000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
11880000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
26000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-881000
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-315000
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
446000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
10008000
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-4892000
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-6836000
CY2020 altr Income Tax Reconciliation Effect Of Changes In Tax Laws
IncomeTaxReconciliationEffectOfChangesInTaxLaws
4946000
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Amount
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017Amount
1827000
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Amount
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017Amount
1205000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Amount
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017Amount
8609000
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
20212000
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
5215000
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
11434000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
227000
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
193000
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1550000
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-9849000
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1143000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
22000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
380000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1502000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-10350000
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-950000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8506000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12532000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10930000
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-60000
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
427000
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
711000
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
2950000
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1161000
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1247000
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-4826000
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
18138000
CY2021 altr Effective Income Tax Rate Reconciliation Foreign Income Tax Withholding Amount
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxWithholdingAmount
-4545000
CY2020 altr Effective Income Tax Rate Reconciliation Foreign Income Tax Withholding Amount
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxWithholdingAmount
5236000
CY2019 altr Effective Income Tax Rate Reconciliation Foreign Income Tax Withholding Amount
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxWithholdingAmount
5975000
CY2021 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
288000
CY2020 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
1308000
CY2019 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
7059000
CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
784000
CY2020 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
-2576000
CY2019 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
2600000
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-12791000
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-5034000
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-4628000
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
753000
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
825000
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-768000
CY2021 us-gaap Income Tax Reconciliation Tax Contingencies Other
IncomeTaxReconciliationTaxContingenciesOther
6058000
CY2020 us-gaap Income Tax Reconciliation Tax Contingencies Other
IncomeTaxReconciliationTaxContingenciesOther
2175000
CY2019 us-gaap Income Tax Reconciliation Tax Contingencies Other
IncomeTaxReconciliationTaxContingenciesOther
-1859000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8506000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12532000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10930000
CY2021 altr Tax Cuts And Jobs Act Of2017 Foreign Income Exemption Criteria Subject To Corporate Tax Rate Minimum Percentage
TaxCutsAndJobsActOf2017ForeignIncomeExemptionCriteriaSubjectToCorporateTaxRateMinimumPercentage
0.90
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
12217000
CY2020Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
12135000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
87144000
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
66160000
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
26035000
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
26299000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
5011000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
3766000
CY2021Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
4408000
CY2020Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
6472000
CY2021Q4 altr Deferred Tax Assets Lease Obligation
DeferredTaxAssetsLeaseObligation
8518000
CY2020Q4 altr Deferred Tax Assets Lease Obligation
DeferredTaxAssetsLeaseObligation
9956000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
6460000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
5980000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
3866000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
2618000
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
153659000
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
133386000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
119981000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
96831000
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
33678000
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
36555000
CY2020Q4 altr Deferred Tax Liabilities Prepaid Expense Benefit
DeferredTaxLiabilitiesPrepaidExpenseBenefit
584000
CY2021Q4 altr Deferred Tax Liabilities Property Plant And Equipment And Intangibles
DeferredTaxLiabilitiesPropertyPlantAndEquipmentAndIntangibles
21834000
CY2020Q4 altr Deferred Tax Liabilities Property Plant And Equipment And Intangibles
DeferredTaxLiabilitiesPropertyPlantAndEquipmentAndIntangibles
16177000
CY2021Q4 altr Deferred Tax Liabilities Investment In Consolidated Subsidiary
DeferredTaxLiabilitiesInvestmentInConsolidatedSubsidiary
1500000
CY2020Q4 altr Deferred Tax Liabilities Investment In Consolidated Subsidiary
DeferredTaxLiabilitiesInvestmentInConsolidatedSubsidiary
790000
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
8283000
CY2020Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
9610000
CY2021Q4 altr Deferred Tax Liabilities Discount On Convertible Notes
DeferredTaxLiabilitiesDiscountOnConvertibleNotes
6331000
CY2020Q4 altr Deferred Tax Liabilities Discount On Convertible Notes
DeferredTaxLiabilitiesDiscountOnConvertibleNotes
8685000
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
2624000
CY2020Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1612000
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
40572000
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
37458000
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
6894000
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
903000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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