2023 Q3 Form 10-Q Financial Statement
#000078419923000134 Filed on August 04, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
Revenue | $87.85M | $89.25M |
YoY Change | 14.34% | 11.09% |
Cost Of Revenue | $31.58M | $31.17M |
YoY Change | 12.42% | 10.65% |
Gross Profit | $56.27M | $58.08M |
YoY Change | 15.44% | 11.33% |
Gross Profit Margin | 64.05% | 65.08% |
Selling, General & Admin | $51.09M | $57.24M |
YoY Change | 24.46% | 46.84% |
% of Gross Profit | 90.8% | 98.55% |
Research & Development | $6.421M | $7.418M |
YoY Change | -45.58% | -14.22% |
% of Gross Profit | 11.41% | 12.77% |
Depreciation & Amortization | $5.759M | $5.767M |
YoY Change | 4.35% | 2.69% |
% of Gross Profit | 10.23% | 9.93% |
Operating Expenses | $57.51M | $64.66M |
YoY Change | 8.82% | 35.75% |
Operating Profit | -$1.244M | $7.675M |
YoY Change | -69.7% | 69.02% |
Interest Expense | $6.603M | $6.356M |
YoY Change | 37.42% | -256.13% |
% of Operating Profit | 82.81% | |
Other Income/Expense, Net | -$1.911M | -$4.241M |
YoY Change | -47.8% | 12.49% |
Pretax Income | -$9.419M | -$2.657M |
YoY Change | -24.84% | -19.48% |
Income Tax | $382.0K | $725.0K |
% Of Pretax Income | ||
Net Earnings | -$9.801M | -$3.382M |
YoY Change | -28.53% | -20.59% |
Net Earnings / Revenue | -11.16% | -3.79% |
Basic Earnings Per Share | -$0.24 | -$0.08 |
Diluted Earnings Per Share | -$0.24 | -$0.08 |
COMMON SHARES | ||
Basic Shares Outstanding | 41.04M shares | 40.88M shares |
Diluted Shares Outstanding | 40.88M shares | 40.76M shares |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $53.48M | $48.78M |
YoY Change | 42.34% | 20.78% |
Cash & Equivalents | $53.48M | $48.78M |
Short-Term Investments | ||
Other Short-Term Assets | $66.57M | $67.41M |
YoY Change | 6.79% | 12.02% |
Inventory | $78.79M | $78.46M |
Prepaid Expenses | ||
Receivables | $64.28M | $64.81M |
Other Receivables | $3.993M | $4.450M |
Total Short-Term Assets | $267.1M | $263.9M |
YoY Change | 12.24% | 9.76% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $37.43M | $38.39M |
YoY Change | 3.15% | 5.85% |
Goodwill | $242.9M | $245.6M |
YoY Change | 3.48% | 1.92% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $8.191M | $8.242M |
YoY Change | 15.56% | 12.63% |
Total Long-Term Assets | $507.7M | $514.0M |
YoY Change | 0.58% | -2.0% |
TOTAL ASSETS | ||
Total Short-Term Assets | $267.1M | $263.9M |
Total Long-Term Assets | $507.7M | $514.0M |
Total Assets | $774.8M | $777.9M |
YoY Change | 4.32% | 1.7% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $10.82M | $10.46M |
YoY Change | 0.91% | -0.85% |
Accrued Expenses | $9.930M | $10.37M |
YoY Change | -1.57% | 32.17% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $1.552M | $1.561M |
YoY Change | -0.64% | -1.82% |
Total Short-Term Liabilities | $54.96M | $56.23M |
YoY Change | 19.5% | 35.02% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $305.9M | $306.1M |
YoY Change | -0.26% | -0.27% |
Other Long-Term Liabilities | $7.568M | $7.469M |
YoY Change | 13.77% | 11.51% |
Total Long-Term Liabilities | $313.4M | $313.6M |
YoY Change | 0.04% | -0.02% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $54.96M | $56.23M |
Total Long-Term Liabilities | $313.4M | $313.6M |
Total Liabilities | $502.8M | $495.4M |
YoY Change | 3.11% | 2.48% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$43.93M | -$34.13M |
YoY Change | 126.62% | 501.64% |
Common Stock | $351.7M | $347.5M |
YoY Change | 5.15% | 5.2% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $272.0M | $282.5M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $774.8M | $777.9M |
YoY Change | 4.32% | 1.7% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$9.801M | -$3.382M |
YoY Change | -28.53% | -20.59% |
Depreciation, Depletion And Amortization | $5.759M | $5.767M |
YoY Change | 4.35% | 2.69% |
Cash From Operating Activities | $7.232M | $6.909M |
YoY Change | 81.89% | -183.1% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $1.474M | $1.791M |
YoY Change | -136.92% | -198.62% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$594.0K | $8.869M |
YoY Change | -163.26% | -1987.02% |
Cash From Investing Activities | -$2.068M | $7.078M |
YoY Change | -32.26% | -409.62% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -909.0K | 2.233M |
YoY Change | -460.71% | -380.18% |
NET CHANGE | ||
Cash From Operating Activities | 7.232M | 6.909M |
Cash From Investing Activities | -2.068M | 7.078M |
Cash From Financing Activities | -909.0K | 2.233M |
Net Change In Cash | 4.255M | 16.22M |
YoY Change | 262.13% | -242.32% |
FREE CASH FLOW | ||
Cash From Operating Activities | $7.232M | $6.909M |
Capital Expenditures | $1.474M | $1.791M |
Free Cash Flow | $5.758M | $5.118M |
YoY Change | -27.74% | -178.76% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2022Q4 | us-gaap |
Finance Lease Liability Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
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http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent | |
CY2023Q2 | us-gaap |
Finance Lease Liability Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
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http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent | |
CY2023Q2 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
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10641000 | usd |
CY2022Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
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2635000 | usd |
CY2023Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
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10365000 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
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12374000 | usd |
aort |
Fair Value Adjustment Of Long Term Debt
FairValueAdjustmentOfLongTermDebt
|
5000000 | usd | |
aort |
Fair Value Adjustment Of Long Term Debt
FairValueAdjustmentOfLongTermDebt
|
0 | usd | |
aort |
Noncash Lease Expense
NoncashLeaseExpense
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3631000 | usd | |
aort |
Noncash Lease Expense
NoncashLeaseExpense
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3803000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
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1607000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap |
Increase Decrease In Receivables
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-655000 | usd | |
us-gaap |
Increase Decrease In Receivables
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9635000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
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4029000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
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4055000 | usd | |
us-gaap |
Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
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5000000 | usd | |
us-gaap |
Payments To Acquire Loans Receivable
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0 | usd | |
us-gaap |
Repayments Of Notes Payable
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529000 | usd | |
us-gaap |
Repayments Of Notes Payable
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Payments Related To Tax Withholding For Share Based Compensation
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563000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
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1739000 | usd | |
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Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
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CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
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282508000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
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284329000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
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-16914000 | usd | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
5442000 | usd | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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7633000 | usd | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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2006000 | usd | |
us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
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575000 | usd | |
us-gaap |
Stock Redeemed Or Called During Period Value
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563000 | usd | |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
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282508000 | usd |
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Stockholders Equity
StockholdersEquity
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CY2022Q2 | us-gaap |
Net Income Loss
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Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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Stock Issued During Period Value Share Based Compensation
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Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
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9000 | usd |
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Stockholders Equity
StockholdersEquity
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Net Income Loss
NetIncomeLoss
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Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap |
Stock Issued During Period Value Share Based Compensation
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Stock Issued During Period Value Stock Options Exercised
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Stock Issued During Period Value Employee Stock Purchase Plan
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Stock Redeemed Or Called During Period Value
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Stockholders Equity
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Basis Of Accounting
BasisOfAccounting
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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 Consolidated Balance Sheet as of December 31, 2022 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, 2023 and 2022 have been prepared in accordance with (i) accounting principles generally accepted in the United States of America (“US GAAP”) 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 US GAAP 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, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. 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, 2022 filed with the SEC on February 23, 2023. </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, 2022. 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 US GAAP, which require us to make estimates and assumptions. We did not experience any significant changes during the three and six months ended June 30, 2023 in any of our Significant Accounting Policies from those contained in our Form 10-K for the year ended December 31, 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%">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 March 2020 the Financial Accounting Standards Board (the “FASB”) issued Accounting Standard Update (“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. US GAAP requires 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. In January 2021 the FASB issued ASU 2021-01, </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%">. The objective of the new reference rate reform standard is to clarify the scope of Topic 848 and provide explicit guidance to help companies applying optional expedients and exceptions. We adopted ASU 2020-04 and ASU 2021-01 on a prospective basis in fiscal year 2022. The adoption of ASU 2020-04 and ASU 2021-01 did not have a material impact on our financial condition or results of operations.</span></div> | ||
aort |
Securites Purchase Option Agreement Expiration Period
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P90D | ||
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Number Of Tranches
NumberOfTranches
|
3 | tranche | |
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Assets Fair Value Disclosure
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23245000 | usd |
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Liabilities Fair Value Disclosure
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Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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Inventory Raw Materials And Supplies Net Of Reserves
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36514000 | usd |
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Inventory Finished Goods Net Of Reserves
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Inventory Finished Goods Net Of Reserves
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Inventory Net
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Other Inventory Materials Supplies And Merchandise Under Consignment
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Deferred Preservation Costs
DeferredPreservationCosts
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Deferred Preservation Costs
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Inventory Valuation Reserves
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2100000 | usd |
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Inventory Valuation Reserves
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2200000 | usd |
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Goodwill
Goodwill
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245561000 | usd |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
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243631000 | usd |
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Property Plant And Equipment And Operating Lease Right Of Use Asset Accumulated Depreciation And Amortization
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15948000 | usd |
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Operating Lease Right Of Use Asset
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Operating Lease Right Of Use Asset
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Operating Lease Liability Current
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CY2022Q4 | us-gaap |
Operating Lease Liability Current
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CY2023Q2 | us-gaap |
Operating Lease Liability Noncurrent
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39989000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
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41257000 | usd |
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Operating Lease Liability
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Goodwill
Goodwill
|
243631000 | usd |
us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
1930000 | usd | |
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Goodwill
Goodwill
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Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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3805000 | usd |
CY2022Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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3905000 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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7687000 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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7989000 | usd | |
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Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
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7495000 | usd |
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Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
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14815000 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
12915000 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
12687000 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
12586000 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
12420000 | usd |
CY2023Q2 | aort |
Finite Lived Intangible Assets Amortization Expense Estimate
FiniteLivedIntangibleAssetsAmortizationExpenseEstimate
|
72918000 | usd |
CY2023Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.27 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.46 | ||
CY2022Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.29 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.34 | ||
CY2023Q2 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
15500000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
23200000 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
22700000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
17900000 | usd |
CY2023Q2 | aort |
Property Plant And Equipment And Operating Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndOperatingLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
|
56773000 | usd |
CY2022Q4 | aort |
Property Plant And Equipment And Operating Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndOperatingLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
|
56061000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
44565000 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
|
6527000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
|
6408000 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
|
2809000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
|
2498000 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
|
3718000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
|
3910000 | usd |
CY2023Q2 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
528000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
513000 | usd |
CY2023Q2 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
3446000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
3644000 | usd |
CY2023Q2 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
3974000 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
4157000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P11Y3M18D | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P11Y10M24D | |
CY2023Q2 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P7Y4M24D | |
CY2022Q4 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P7Y9M18D | |
CY2023Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.059 | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.059 | |
CY2023Q2 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.021 | |
CY2022Q4 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.021 | |
CY2023Q2 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
133000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
131000 | usd |
us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
264000 | usd | |
us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
268000 | usd | |
CY2023Q2 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
21000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
22000 | usd |
us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
42000 | usd | |
us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
47000 | usd | |
CY2023Q2 | aort |
Finance Lease Cost
FinanceLeaseCost
|
154000 | usd |
CY2022Q2 | aort |
Finance Lease Cost
FinanceLeaseCost
|
153000 | usd |
aort |
Finance Lease Cost
FinanceLeaseCost
|
306000 | usd | |
aort |
Finance Lease Cost
FinanceLeaseCost
|
315000 | usd | |
CY2023Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1829000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1883000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
3631000 | usd | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
3803000 | usd | |
CY2023Q2 | us-gaap |
Sublease Income
SubleaseIncome
|
0 | usd |
CY2022Q2 | us-gaap |
Sublease Income
SubleaseIncome
|
91000 | usd |
us-gaap |
Sublease Income
SubleaseIncome
|
0 | usd | |
us-gaap |
Sublease Income
SubleaseIncome
|
183000 | usd | |
CY2023Q2 | us-gaap |
Lease Cost
LeaseCost
|
1983000 | usd |
CY2022Q2 | us-gaap |
Lease Cost
LeaseCost
|
1945000 | usd |
us-gaap |
Lease Cost
LeaseCost
|
3937000 | usd | |
us-gaap |
Lease Cost
LeaseCost
|
3935000 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
3627000 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
3210000 | usd | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
264000 | usd | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
244000 | usd | |
us-gaap |
Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
|
42000 | usd | |
us-gaap |
Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
|
44000 | usd | |
CY2023Q2 | us-gaap |
Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
|
290000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
3055000 | usd |
CY2023Q2 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
606000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
6001000 | usd |
CY2023Q2 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
584000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
5800000 | usd |
CY2023Q2 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
566000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
5057000 | usd |
CY2023Q2 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
561000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
4868000 | usd |
CY2023Q2 | aort |
Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
|
1668000 | usd |
CY2023Q2 | aort |
Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
|
37109000 | usd |
CY2023Q2 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
4275000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
61890000 | usd |
CY2023Q2 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
301000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
17864000 | usd |
CY2023Q2 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
3974000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
44026000 | usd |
CY2023Q2 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
528000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
4037000 | usd |
CY2023Q2 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
3446000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
39989000 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
313417000 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
314779000 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
5747000 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
6672000 | usd |
CY2023Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
307670000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
308107000 | usd |
CY2023Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
1561000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
1608000 | usd |
CY2023Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
306109000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
306499000 | usd |
CY2023Q2 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
6400000 | usd |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
12500000 | usd | |
CY2022Q2 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
4100000 | usd |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
8000000 | usd | |
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
89251000 | usd |
CY2022Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
80340000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
172480000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
157553000 | usd | |
CY2023Q2 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
390000 | usd |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
390000 | usd | |
CY2023Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
|
4119000 | usd |
CY2022Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
|
3081000 | usd |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
|
7633000 | usd | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
|
6421000 | usd | |
CY2023Q2 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
182000 | usd |
us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
354000 | 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 | |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3382000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4259000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-16914000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-7648000 | usd | |
CY2023Q2 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
-12000 | usd |
CY2022Q2 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
-21000 | usd |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
-68000 | usd | |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
-39000 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-3370000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-4238000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-16846000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-7609000 | usd | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40755000 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40031000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40595000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39941000 | shares | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.08 | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.11 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.41 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.19 | ||
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3382000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4259000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-16914000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-7648000 | usd | |
CY2023Q2 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
-12000 | usd |
CY2022Q2 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
-21000 | usd |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
-68000 | usd | |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
-39000 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-3370000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-4238000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-16846000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-7609000 | usd | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40755000 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40031000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40595000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
39941000 | shares | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.08 | |
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.11 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.41 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.19 | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment | |
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
89251000 | usd |
CY2022Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
80340000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
172480000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
157553000 | usd | |
CY2023Q2 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
31167000 | usd |
CY2022Q2 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
28168000 | usd |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
60669000 | usd | |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
54662000 | usd | |
CY2023Q2 | us-gaap |
Gross Profit
GrossProfit
|
58084000 | usd |
CY2022Q2 | us-gaap |
Gross Profit
GrossProfit
|
52172000 | usd |
us-gaap |
Gross Profit
GrossProfit
|
111811000 | usd | |
us-gaap |
Gross Profit
GrossProfit
|
102891000 | usd | |
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
89251000 | usd |
CY2022Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
80340000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
172480000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
157553000 | usd | |
CY2023Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2023Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2023Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2023Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false |