2022 Q3 Form 10-Q Financial Statement

#000078419922000161 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $76.84M $80.34M $77.21M
YoY Change 6.41% 5.51% 8.62%
Cost Of Revenue $28.09M $28.17M $26.49M
YoY Change 15.05% 9.88% 13.96%
Gross Profit $48.74M $52.17M $50.72M
YoY Change 2.0% 3.28% 6.02%
Gross Profit Margin 63.44% 64.94% 65.69%
Selling, General & Admin $41.05M $38.98M $38.96M
YoY Change 5.12% -4.52% 0.82%
% of Gross Profit 84.22% 74.72% 76.81%
Research & Development $11.80M $8.648M $10.13M
YoY Change 18.32% 3.44% 30.62%
% of Gross Profit 24.21% 16.58% 19.97%
Depreciation & Amortization $5.519M $5.616M $5.881M
YoY Change -8.15% -6.29% -2.08%
% of Gross Profit 11.32% 10.76% 11.6%
Operating Expenses $52.85M $47.63M $49.08M
YoY Change 7.8% -3.17% 5.8%
Operating Profit -$4.106M $4.541M $1.636M
YoY Change -127.96% 243.24% 13.14%
Interest Expense $4.805M -$4.071M -$3.458M
YoY Change -217.71% -51.41% -186.45%
% of Operating Profit -89.65% -211.37%
Other Income/Expense, Net -$3.661M -$3.770M -$133.0K
YoY Change 37.58% -383.25% -93.11%
Pretax Income -$12.53M -$3.300M -$2.429M
YoY Change -257.75% 51.17% -46.03%
Income Tax $1.181M $959.0K $960.0K
% Of Pretax Income
Net Earnings -$13.71M -$4.259M -$3.389M
YoY Change -229.59% 95.55% 8.0%
Net Earnings / Revenue -17.85% -5.3% -4.39%
Basic Earnings Per Share -$0.34 -$0.11 -$0.08
Diluted Earnings Per Share -$0.34 -$0.11 -$0.08
COMMON SHARES
Basic Shares Outstanding 40.32M shares 40.03M shares 39.85M
Diluted Shares Outstanding 40.12M shares 40.03M shares 39.85M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $37.57M $40.38M $51.41M
YoY Change -41.83% -19.99% -9.1%
Cash & Equivalents $37.57M $40.38M $51.41M
Short-Term Investments
Other Short-Term Assets $62.33M $60.18M $57.34M
YoY Change 5.19% 3.87% 4.22%
Inventory $73.04M $74.32M $76.21M
Prepaid Expenses
Receivables $57.16M $57.56M $55.00M
Other Receivables $7.880M $7.995M $4.577M
Total Short-Term Assets $238.0M $240.4M $244.5M
YoY Change -7.52% 1.0% 3.76%
LONG-TERM ASSETS
Property, Plant & Equipment $36.29M $36.27M $37.46M
YoY Change -1.86% -0.41% 18.93%
Goodwill $234.8M $240.9M $247.8M
YoY Change -7.0% -5.69% -2.41%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.088M $7.318M $8.026M
YoY Change -46.39% -50.09% -45.53%
Total Long-Term Assets $504.7M $524.4M $537.3M
YoY Change -10.08% -8.39% -3.9%
TOTAL ASSETS
Total Short-Term Assets $238.0M $240.4M $244.5M
Total Long-Term Assets $504.7M $524.4M $537.3M
Total Assets $742.7M $764.9M $781.9M
YoY Change -9.27% -5.63% -1.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.72M $10.55M $9.230M
YoY Change 12.52% -2.12% 3.11%
Accrued Expenses $10.09M $7.842M $9.396M
YoY Change 10.97% 2.85% 9.72%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.562M $1.590M $1.622M
YoY Change -4.76% -3.75% 38.16%
Total Short-Term Liabilities $45.99M $41.65M $42.84M
YoY Change -24.76% -29.35% -26.17%
LONG-TERM LIABILITIES
Long-Term Debt $306.7M $306.9M $307.2M
YoY Change -0.35% -0.36% -0.91%
Other Long-Term Liabilities $6.652M $6.698M $6.721M
YoY Change -45.67% -45.29% -44.8%
Total Long-Term Liabilities $313.3M $313.6M $314.0M
YoY Change -2.09% -2.08% -2.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.99M $41.65M $42.84M
Total Long-Term Liabilities $313.3M $313.6M $314.0M
Total Liabilities $487.6M $483.4M $484.4M
YoY Change -3.84% -4.98% -2.64%
SHAREHOLDERS EQUITY
Retained Earnings -$19.39M -$5.673M -$1.414M
YoY Change -187.82% -149.36% -110.34%
Common Stock $334.5M $330.3M $327.2M
YoY Change 8.01% 8.09% 8.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $255.1M $281.5M $297.5M
YoY Change
Total Liabilities & Shareholders Equity $742.7M $764.9M $781.9M
YoY Change -9.27% -5.63% -1.63%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$13.71M -$4.259M -$3.389M
YoY Change -229.59% 95.55% 8.0%
Depreciation, Depletion And Amortization $5.519M $5.616M $5.881M
YoY Change -8.15% -6.29% -2.08%
Cash From Operating Activities $3.976M -$8.314M -$598.0K
YoY Change -236.68% -414.09% -80.32%
INVESTING ACTIVITIES
Capital Expenditures -$3.992M -$1.816M $2.239M
YoY Change 21.89% -68.4% 49.07%
Acquisitions
YoY Change
Other Investing Activities $939.0K -$470.0K $469.0K
YoY Change -95.0% -3.49% -167.77%
Cash From Investing Activities -$3.053M -$2.286M -$2.708M
YoY Change -119.68% -63.33% 234.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.318M
YoY Change 169.22%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 252.0K -797.0K -235.0K
YoY Change -20.0% -51.46% -88.78%
NET CHANGE
Cash From Operating Activities 3.976M -8.314M -598.0K
Cash From Investing Activities -3.053M -2.286M -2.708M
Cash From Financing Activities 252.0K -797.0K -235.0K
Net Change In Cash 1.175M -11.40M -3.602M
YoY Change -90.91% 117.96% -25.82%
FREE CASH FLOW
Cash From Operating Activities $3.976M -$8.314M -$598.0K
Capital Expenditures -$3.992M -$1.816M $2.239M
Free Cash Flow $7.968M -$6.498M -$2.837M
YoY Change 2077.05% -177.41% -37.52%

Facts In Submission

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CY2022Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
41744000 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
41397000 shares
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
417000 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
414000 usd
CY2022Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
329871000 usd
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
322874000 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-5673000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1975000 usd
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-28458000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-9887000 usd
CY2021Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
1487000 shares
CY2022Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
1487000 shares
CY2022Q2 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
14648000 usd
CY2021Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
14648000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
281509000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
300728000 usd
CY2021Q2 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
9800000 usd
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
764864000 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
793052000 usd
us-gaap Net Income Loss
NetIncomeLoss
-7648000 usd
us-gaap Net Income Loss
NetIncomeLoss
-5316000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11497000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11999000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
6100000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
4595000 usd
aort Noncash Lease Expense
NoncashLeaseExpense
3803000 usd
aort Noncash Lease Expense
NoncashLeaseExpense
3575000 usd
aort Write Down Of Deferred Preservation Costs And Inventories
WriteDownOfDeferredPreservationCostsAndInventories
2177000 usd
aort Write Down Of Deferred Preservation Costs And Inventories
WriteDownOfDeferredPreservationCostsAndInventories
2988000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-5000000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
4270000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
1611000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
4269000 usd
us-gaap Other Noncash Expense
OtherNoncashExpense
940000 usd
us-gaap Other Noncash Expense
OtherNoncashExpense
2174000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
205000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2076000 usd
aort Increase Decrease In Deferred Preservation Costs And Inventories
IncreaseDecreaseInDeferredPreservationCostsAndInventories
3653000 usd
aort Increase Decrease In Deferred Preservation Costs And Inventories
IncreaseDecreaseInDeferredPreservationCostsAndInventories
11712000 usd
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
9635000 usd
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
5454000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-5677000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1166000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-8912000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-392000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4055000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7249000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
939000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-205000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4994000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7044000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2318000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2321000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2219000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1739000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1831000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1370000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1405000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-241000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-603000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1032000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3737000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
310000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
242000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-14628000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-10931000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55010000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
61958000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40382000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
51027000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
297492000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-4259000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-14796000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3081000 usd
CY2022Q2 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
9000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
281509000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
300728000 usd
us-gaap Net Income Loss
NetIncomeLoss
-7648000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-18571000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6421000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1680000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
638000 usd
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
1739000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
281509000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
297331000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-2178000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2973000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2267000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1460000 usd
CY2021Q2 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
18000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
301835000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
328713000 usd
us-gaap Net Income Loss
NetIncomeLoss
-5316000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-7317000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4904000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1731000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
590000 usd
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
1831000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
301835000 usd
us-gaap Basis Of Accounting
BasisOfAccounting
Basis of Presentation and Summary of Significant Accounting Policies<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Overview</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying Condensed Consolidated Financial Statements include the accounts of Artivion, Inc. and its subsidiaries (“Artivion,” the “Company,” “we,” or “us”). All significant intercompany accounts and transactions have been eliminated in consolidation. The accompanying Condensed Consolidated Balance Sheet as of December 31, 2021 has been derived from audited financial statements. The accompanying unaudited Condensed Consolidated Financial Statements as of, and for the three and six months ended, June 30, 2022 and 2021 have been prepared in accordance with (i) accounting principles generally accepted in the US for interim financial information and (ii) the instructions to Form 10-Q and Rule 10-01 of Regulation S-X of the US Securities and Exchange Commission (the “SEC”). Accordingly, such statements do not include all the information and disclosures that are required by accounting principles generally accepted in the US for a complete presentation of financial statements. In the opinion of management, all adjustments (including those of a normal, recurring nature) considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 30, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. These Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and Notes included in Artivion’s Annual Report on Form 10-K for the year ended December 31, 2021 filed with the SEC on February 22, 2022. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Significant Accounting Policies</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A summary of our significant accounting policies is included in Note 1 of the “Notes to Consolidated Financial Statements” contained in our Form 10-K for the year ended December 31, 2021. Management believes that the consistent application of these policies enables us to provide users of the financial statements with useful and reliable information about our operating results and financial condition. The Condensed Consolidated Financial Statements are prepared in accordance with accounting principles generally accepted in the US, which require us to make estimates and assumptions. We did not experience any significant changes during the three and six months ended June 30, 2022 in any of our Significant Accounting Policies from those contained in our Form 10-K for the year ended December 31, 2021.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">New Accounting Standards</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Recently Adopted </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In August 2020 the Financial Accounting Standards Board (the “FASB”) issued Accounting Standard Update (“ASU”) Update No. 2020-06, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> (“ASU 2020-06”). The update simplifies the accounting for convertible instruments by eliminating two accounting models (i.e., the cash conversion model and beneficial conversion feature model) and reducing the number of embedded conversion features that could be recognized separately from the host contract. ASU 2020-06 also enhances transparency and improves disclosures for convertible instruments and earnings per share guidance. On January 1, 2021 we adopted ASU 2020-06 using the modified retrospective approach. See Note 8 for further discussion of convertible debt. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Not Yet Effective </span></div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In March 2020 the FASB issued ASU 2020-04, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reference Rate Reform Topic 848</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> (“ASC 848”). The amendments in this ASU were put forth in response to the market transition from the LIBOR and other interbank offered rates to alternative reference rates. Accounting principles generally accepted in the United States of America require entities to evaluate whether a contract modification, such as the replacement or change of a reference rate, results in the establishment of a new contract or continuation of an existing contract. ASC 848 allows an entity to elect not to apply certain modification accounting requirements to contracts affected by reference rate reform. The standard provides this temporary election through December 31, 2022 and cannot be applied to contract modifications that occur after December 31, 2022. </span>We are in the process of evaluating the effect that the adoption of this standard will have on our financial position and results of operations.
CY2022Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
10025000 usd
CY2022Q2 aort Contingent Consideration Noncurrent Fair Value
ContingentConsiderationNoncurrentFairValue
44400000 usd
CY2022Q2 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
44400000 usd
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
10015000 usd
CY2021Q4 aort Contingent Consideration Noncurrent Fair Value
ContingentConsiderationNoncurrentFairValue
49400000 usd
CY2021Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
49400000 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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49400000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-5000000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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44400000 usd
CY2022Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2600000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
3200000 usd
CY2022Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
10025000 usd
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
0 usd
CY2022Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
10025000 usd
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
10015000 usd
CY2021 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
0 usd
CY2021Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
10015000 usd
CY2021Q2 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0 usd
CY2022Q2 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8498000 usd
CY2022Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
22700000 usd
CY2021Q4 us-gaap Goodwill
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250000000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
14302000 usd
CY2022Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
34565000 usd
CY2021Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
35780000 usd
CY2022Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
11856000 usd
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
9712000 usd
CY2022Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
27897000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
31479000 usd
CY2022Q2 us-gaap Inventory Net
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74318000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
76971000 usd
CY2022Q2 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
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14200000 usd
CY2021Q4 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
12900000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
240939000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
250000000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-9061000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
240939000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
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3905000 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4238000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7989000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
7437000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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14662000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
12452000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
12233000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
12113000 usd
CY2022Q2 aort Finite Lived Intangible Assets Amortization Expense Estimate
FiniteLivedIntangibleAssetsAmortizationExpenseEstimate
73199000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.29
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.34
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
26400000 usd
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
16200000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
13300000 usd
CY2021Q1 us-gaap Increase Decrease In Operating Lease Liability
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23300000 usd
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
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23300000 usd
CY2021Q2 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
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CY2022Q2 aort Property Plant And Equipment And Operating Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndOperatingLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
56376000 usd
CY2021Q4 aort Property Plant And Equipment And Operating Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndOperatingLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
58097000 usd
CY2022Q2 aort Property Plant And Equipment And Operating Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndOperatingLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
13717000 usd
CY2021Q4 aort Property Plant And Equipment And Operating Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndOperatingLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
12383000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
42659000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
45714000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3207000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3149000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
42141000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
44869000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
45348000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
48018000 usd
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
6200000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
6759000 usd
CY2021Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
152000 usd
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
2180000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
2105000 usd
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
4020000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
4654000 usd
CY2022Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
489000 usd
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
528000 usd
CY2022Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
3766000 usd
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
4374000 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
4255000 usd
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
4902000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y3M18D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y6M
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P8Y4M24D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P8Y9M18D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.059
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.058
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.020
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.020
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
131000 usd
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
155000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
268000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
310000 usd
CY2022Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
22000 usd
CY2021Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
28000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
47000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
57000 usd
CY2022Q2 aort Finance Lease Cost
FinanceLeaseCost
153000 usd
CY2021Q2 aort Finance Lease Cost
FinanceLeaseCost
183000 usd
aort Finance Lease Cost
FinanceLeaseCost
315000 usd
aort Finance Lease Cost
FinanceLeaseCost
367000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1883000 usd
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1809000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
3803000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
3575000 usd
CY2022Q2 us-gaap Sublease Income
SubleaseIncome
91000 usd
CY2021Q2 us-gaap Sublease Income
SubleaseIncome
92000 usd
us-gaap Sublease Income
SubleaseIncome
183000 usd
us-gaap Sublease Income
SubleaseIncome
216000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
1945000 usd
CY2021Q2 us-gaap Lease Cost
LeaseCost
1900000 usd
us-gaap Lease Cost
LeaseCost
3935000 usd
us-gaap Lease Cost
LeaseCost
3726000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
3210000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
2957000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
244000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
306000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
44000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
57000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
549000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
268000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2506000 usd
CY2022Q2 aort Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsRemainderOfFiscalYear
122000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
575000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5606000 usd
CY2022Q2 aort Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals Year One
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsYearOne
0 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
570000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6198000 usd
CY2022Q2 aort Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals Year Two
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsYearTwo
0 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5124000 usd
CY2022Q2 aort Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals Year Three
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsYearThree
0 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
531000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4703000 usd
CY2022Q2 aort Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals Year Four
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsYearFour
0 usd
CY2022Q2 aort Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
2127000 usd
CY2022Q2 aort Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
41447000 usd
CY2022Q2 aort Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals After Year Four
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsAfterYearFour
0 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
4620000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
65584000 usd
CY2022Q2 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
122000 usd
CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
365000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
20236000 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
4255000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
45348000 usd
CY2022Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
489000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3207000 usd
CY2022Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
3766000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
42141000 usd
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
316122000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
317627000 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
7591000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
8504000 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
308531000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
309123000 usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
1590000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1630000 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
306941000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
307493000 usd
CY2022Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
4100000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
8000000 usd
CY2021Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
4900000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
8900000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
309000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
80340000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
76148000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
157553000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
147235000 usd
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
3081000 usd
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
2267000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
6421000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
4904000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
147000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
321000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-4259000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-2178000 usd
us-gaap Net Income Loss
NetIncomeLoss
-7648000 usd
us-gaap Net Income Loss
NetIncomeLoss
-5316000 usd
CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-21000 usd
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-14000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-39000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-36000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4238000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2164000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7609000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5280000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40031000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38943000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39941000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38841000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.19
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-4259000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-2178000 usd
us-gaap Net Income Loss
NetIncomeLoss
-7648000 usd
us-gaap Net Income Loss
NetIncomeLoss
-5316000 usd
CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-21000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
80340000 usd
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-14000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-39000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-36000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-4238000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2164000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-7609000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-5280000 usd
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40031000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38943000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39941000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38841000 shares
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
76148000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
157553000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
147235000 usd
CY2022Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
28168000 usd
CY2021Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
25635000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
54662000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
48884000 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
52172000 usd
CY2021Q2 us-gaap Gross Profit
GrossProfit
50513000 usd
us-gaap Gross Profit
GrossProfit
102891000 usd
us-gaap Gross Profit
GrossProfit
98351000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
80340000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
76148000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
157553000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
147235000 usd

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