2022 Q4 Form 20-F Financial Statement

#000141057823000770 Filed on April 24, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $70.66M $275.1M $66.10M
YoY Change 6.89% 10.51% 12.66%
Cost Of Revenue $24.50M $96.32M $21.66M
YoY Change 13.09% 23.43% 28.86%
Gross Profit $46.16M $178.8M $44.44M
YoY Change 3.87% 4.62% 6.16%
Gross Profit Margin 65.33% 64.99% 67.23%
Selling, General & Admin $22.73M $87.62M $20.71M
YoY Change 9.74% 12.37% 20.36%
% of Gross Profit 49.25% 49.01% 46.61%
Research & Development $15.09M $59.84M $14.45M
YoY Change 4.41% 12.07% 15.34%
% of Gross Profit 32.69% 33.47% 32.52%
Depreciation & Amortization $723.0K $2.984M $686.0K
YoY Change 5.39% 22.7% 16.27%
% of Gross Profit 1.57% 1.67% 1.54%
Operating Expenses $37.82M $147.5M $35.17M
YoY Change 7.55% 12.25% 18.24%
Operating Profit $8.336M $31.32M $9.271M
YoY Change -10.09% -20.76% -23.51%
Interest Expense $669.0K $2.864M -$976.0K
YoY Change -168.55% 663.73% -63.31%
% of Operating Profit 8.03% 9.14% -10.53%
Other Income/Expense, Net $358.0K
YoY Change -242.06%
Pretax Income $9.005M $34.18M $8.295M
YoY Change 8.56% -13.78% -12.32%
Income Tax $1.456M $5.717M $1.040M
% Of Pretax Income 16.17% 16.72% 12.54%
Net Earnings $7.549M $28.47M $7.255M
YoY Change 4.05% -15.66% -13.42%
Net Earnings / Revenue 10.68% 10.35% 10.98%
Basic Earnings Per Share $0.89
Diluted Earnings Per Share $0.23 $0.88 $217.4K
COMMON SHARES
Basic Shares Outstanding 31.69M 31.85M
Diluted Shares Outstanding 32.50M

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.91M $41.91M $80.09M
YoY Change -47.67% -47.67% 93.46%
Cash & Equivalents $24.54M $24.54M $79.42M
Short-Term Investments $17.38M $17.38M $669.0K
Other Short-Term Assets $5.210M $5.210M $5.320M
YoY Change -2.07% -2.07% -94.08%
Inventory $36.38M $36.38M $23.99M
Prepaid Expenses
Receivables $56.42M $56.42M $48.96M
Other Receivables $10.01M $10.01M $9.197M
Total Short-Term Assets $149.9M $149.9M $167.6M
YoY Change -10.52% -10.52% -17.7%
LONG-TERM ASSETS
Property, Plant & Equipment $17.48M $17.48M $20.85M
YoY Change -16.16% -16.16% -30.5%
Goodwill $37.56M $37.56M
YoY Change 0.0%
Intangibles $1.566M $2.370M
YoY Change -33.92%
Long-Term Investments $77.19M $77.19M $89.40M
YoY Change -13.66% -13.66% 62.55%
Other Assets $27.01M $27.01M $31.63M
YoY Change -14.62% -14.62% -3.28%
Total Long-Term Assets $173.9M $173.9M $181.8M
YoY Change -4.35% -4.35% 17.68%
TOTAL ASSETS
Total Short-Term Assets $149.9M $149.9M $167.6M
Total Long-Term Assets $173.9M $173.9M $181.8M
Total Assets $323.8M $323.8M $349.4M
YoY Change -7.31% -7.31% -2.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.34M $11.34M $7.863M
YoY Change 44.19% 44.19% 12.33%
Accrued Expenses $8.169M $8.169M $17.48M
YoY Change -53.27% -78.77% 7.26%
Deferred Revenue $36.63M $41.59M
YoY Change -11.92%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $94.46M $94.46M $95.94M
YoY Change -1.55% -1.55% 1.21%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $39.61M $39.61M $47.92M
YoY Change -17.34% -17.34% -10.42%
Total Long-Term Liabilities $39.61M $39.61M $47.92M
YoY Change -17.34% -17.34% -10.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $94.46M $94.46M $95.94M
Total Long-Term Liabilities $39.61M $39.61M $47.92M
Total Liabilities $134.1M $134.1M $143.9M
YoY Change -6.81% -6.81% -2.99%
SHAREHOLDERS EQUITY
Retained Earnings $23.41M $6.493M
YoY Change 260.5%
Common Stock $395.1M $378.9M
YoY Change 4.27%
Preferred Stock
YoY Change
Treasury Stock (at cost) $217.7M $179.6M
YoY Change 21.21%
Treasury Stock Shares $32.31M $30.80M
Shareholders Equity $189.8M $189.8M $205.5M
YoY Change
Total Liabilities & Shareholders Equity $323.8M $323.8M $349.4M
YoY Change -7.31% -7.31% -2.44%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income $7.549M $28.47M $7.255M
YoY Change 4.05% -15.66% -13.42%
Depreciation, Depletion And Amortization $723.0K $2.984M $686.0K
YoY Change 5.39% 22.7% 16.27%
Cash From Operating Activities $423.0K $8.281M $4.253M
YoY Change -90.05% -82.51% -57.85%
INVESTING ACTIVITIES
Capital Expenditures $336.0K $1.487M -$231.0K
YoY Change -245.45% -226.66% -45.0%
Acquisitions
YoY Change
Other Investing Activities $1.892M -$18.19M -$3.188M
YoY Change -159.35% -141.52% -88.2%
Cash From Investing Activities $1.556M -$19.67M -$3.419M
YoY Change -145.51% -146.16% -87.54%
FINANCING ACTIVITIES
Cash Dividend Paid $11.55M
YoY Change 6.32%
Common Stock Issuance & Retirement, Net -$2.336M -$37.04M -$9.559M
YoY Change -75.56% -6.01% -877.15%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.336M -48.60M -9.859M
YoY Change -76.31% -5.6% 3691.92%
NET CHANGE
Cash From Operating Activities 423.0K 8.281M 4.253M
Cash From Investing Activities 1.556M -19.67M -3.419M
Cash From Financing Activities -2.336M -48.60M -9.859M
Net Change In Cash -357.0K -59.99M -9.025M
YoY Change -96.04% -255.86% -48.72%
FREE CASH FLOW
Cash From Operating Activities $423.0K $8.281M $4.253M
Capital Expenditures $336.0K $1.487M -$231.0K
Free Cash Flow $87.00K $6.794M $4.484M
YoY Change -98.06% -86.0% -57.34%

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CY2022 us-gaap Nature Of Operations
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;"><span style="display:inline-block;text-align:left;text-indent:0pt;width:54pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;">NOTE 1:-</b></span>GENERAL</p><table style="border-collapse:collapse;border:0;"><tr><td style="width:54pt;padding:0pt;"/><td style="vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;text-align:justify;">a.</p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;text-align:justify;">Business overview:</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 90pt;">AudioCodes Ltd. (the “Company”) and its subsidiaries (together with the Company, the “Group”) is a leading vendor of advanced communication, software, products and productivity solutions for the digital workplace. The Company’s products are deployed on-premises or delivered from the cloud. Providing software communications, cloud-based platforms, customer premise equipment and software applications, the Company’s solutions and products are geared to meet the growing needs of enterprises and service providers realigning their operations towards the transition to all-IP networks and hosted unified communications and collaboration business services. In addition, the Company offers a complete suite of professional and managed services that allow the Company’s partners and customers to choose a service packages (or complement their own offering) from a modular portfolio of professional services.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 90pt;">The Company operates through its wholly-owned subsidiaries in the United States, Europe, Asia, Latin America, Australia and Israel.</p><table style="border-collapse:collapse;border:0;"><tr><td style="width:54pt;padding:0pt;"/><td style="vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;text-align:justify;">b.</p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;text-align:justify;">Material customers and suppliers: </p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 90pt;">The Group is dependent upon sole source suppliers for certain key components used in its products, including certain digital signal processing chips. Although there are a limited number of manufacturers for these particular components, management believes that other suppliers could provide similar components on comparable terms to the extent needed. Any change in suppliers, however, could cause a delay in manufacturing and a possible loss of sales, which could materially and adversely affect the operating results and financial position of the Group.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 90pt;">During the years ended December 31, 2022, 2021 and 2020, the Group had a major customer which accounted for 15.1%, 15.4% and 13.0%, respectively, of total revenues in those years. In addition, during the years ended December 31, 2022, 2021 and 2020, the Group had an additional major customer which accounted for 10.0%, 10.9% and 13.5%, respectively, of total revenues the years ended December 31, 2022, 2021 and 2020. No other customer accounted for more than 10% of the Group's revenues in the years ended December 31, 2022, 2021 and 2020.</p><table style="border-collapse:collapse;border:0;"><tr><td style="width:54pt;padding:0pt;"/><td style="vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;text-align:justify;">c.</p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;text-align:justify;">COVID-19:</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 90pt;">The COVID-19 pandemic has impacted, and continues to impact, the markets that the Group serves. In particular, the COVID-19 pandemic resulted in an unprecedented shift to work-from-home for many enterprises and contact centers, and a need to enable remote teams and agents to communicate and collaborate, regardless of their location. Moreover, there has also been a significant increase in the consumption of online services resulting from lockdowns in many countries, thus increasing the load on support centers. The COVID-19 pandemic has disrupted supply chains and affected production and sales across a range of industries, including the industry in which the Group operates. While the Group has previously managed, and will continue to actively manage, the Group’s business in an attempt to mitigate the impacts of the COVID-19 pandemic, the Group cannot at this time estimate the duration or full magnitude that the COVID-19 pandemic could ultimately have on the Group’s business, results of operations and financial condition.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><span style="display:inline-block;text-align:left;text-indent:0pt;width:54pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;">NOTE 1:-</b></span><b style="font-weight:bold;">GENERAL (Cont.)</b></p><table style="border-collapse:collapse;border:0;"><tr><td style="width:54pt;padding:0pt;"/><td style="vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;text-align:justify;">d.</p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;text-align:justify;">Ongoing conflict in Ukraine:</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 90pt;">In February 2022, Russia launched a large-scale invasion of Ukraine, and Russia and Ukraine continue to engage in active and armed conflict. Such conflict has resulted, and will likely continue to result in, significant destruction of Ukraine’s infrastructure and substantial casualties amongst military personnel and civilians. As a result of Russia’s invasion of Ukraine, the governments of several nations have implemented commercial and economic sanctions against Russia (as well as certain banks, companies, government officials, and other individuals in Russia and Belarus). In addition to governmental entities, actors in the private sector, including, among others, tech firms, consumer brands and major manufacturers, have stopped, or publicly announced that they intend to stop, operations in Russia and cease their partnerships with Russian firms, and shippers, insurance companies and refiners have similarly indicated that they will no longer purchase or ship crude oil from Russia.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 90pt;">In March 2022, Israel’s then Foreign Minister Mr. Yair Lapid indicated that Israel would not function as a route to bypass sanctions imposed on Russia by the United States and other western countries, and Israeli banks have elected to sever relationships with sanctioned Russian banks. Israel has not, as of the date of this Annual Report, imposed explicit sanctions on Russia or Belarus; however, it has publicly rejected Russia’s annexation of the four occupied regions of Ukraine and voiced support for Ukraine’s sovereignty and territorial integrity. Moreover, Israeli companies that maintain ties to the United States, the United Kingdom and the European Union could be indirectly subject to the measures imposed by such nations.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 90pt;">While it is not possible to predict or determine the ultimate consequences and impact of the conflict in Ukraine, such conflict could result in, among other things, significant regional instability and geopolitical shifts, and material and adverse effects on global macroeconomic conditions, financial markets, exchange rates and supply chains. To the extent negotiations between Russia and Ukraine are ultimately unsuccessful, the conflict in Ukraine could have a lasting impact in the near- and long-term on the financial condition, business and operations of the Group’s business (and the businesses of the counterparties with whom the Group engages), and the global economy at large.</p>
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CY2022 us-gaap Use Of Estimates
UseOfEstimates
<table style="border-collapse:collapse;border:0;"><tr><td style="width:54pt;padding:0pt;"/><td style="vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;text-align:justify;">a.</p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;text-align:justify;">Use of estimates:</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 90pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the consolidated financial statements. The Company’s management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they were made. As applicable to these consolidated financial statements, the most significant estimates and assumptions relate to revenue recognition and allowance for sales returns, allowance for credit losses, inventories write-off, intangible assets, goodwill, income taxes and valuation allowance, share-based compensation and contingent liabilities. Actual results could differ from those estimates.</p>
CY2021 audc Increase In Deferred Revenues And Customer Advances
IncreaseInDeferredRevenuesAndCustomerAdvances
36936000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
52586000
CY2022Q4 audc Short Term Bank Deposits Bear Interest Average Rate
ShortTermBankDepositsBearInterestAverageRate
0.0106
CY2021Q4 audc Short Term Bank Deposits Bear Interest Average Rate
ShortTermBankDepositsBearInterestAverageRate
0.0028
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24535000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
79423000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
5100000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24535000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
84523000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
54616000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
36634000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
41591000
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
15952000
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
13025000
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
64312
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.99
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.64
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
36634000
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
8723000
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
7229000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
54616000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
49136000
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-38625000
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-31456000
CY2022 audc Increase In Deferred Revenues And Customer Advances
IncreaseInDeferredRevenuesAndCustomerAdvances
36595000
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<table style="border-collapse:collapse;border:0;"><tr><td style="width:54pt;padding:0pt;"/><td style="vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;text-align:justify;">r.</p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;text-align:justify;">Concentrations of credit risk:</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 90pt;">Financial instruments that potentially subject the Group to concentrations of credit risk consist principally of cash and cash equivalents, bank deposits, trade receivables, marketable securities and foreign currency derivative contracts.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 90pt;">The majority of the Group’s cash and cash equivalents, bank deposits and foreign currency derivative contracts are invested in dollar denominated instruments with major banks in Israel and in the United States. The Group is exposed to credit risk in the event of default by financial institutions to the extent of the amounts recorded on the accompanying consolidated balance sheets exceed federally insured limits. Management believes that the financial institutions that hold the Group’s investments are corporations with high credit standing.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 90pt;">Accordingly, management believes that low credit risk exists with respect to these financial investments.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 90pt;">Marketable securities include investments in dollar-denominated corporate bonds. Marketable securities consist of highly liquid debt instruments with high credit standing. The Company’s investment policy, approved by the Board of Directors, limits the amount the Group may invest in any one type of investment or issuer, thereby reducing credit risk concentrations. Management believes that the Group’s portfolio is well diversified and, accordingly, minimal credit risk exists with respect to these marketable debt securities.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 90pt;">The trade receivables of the Group are derived from sales to customers located primarily in the Americas, Eastern Asia, Israel and Europe. Under certain circumstances, the Group may require letters of credit, other collateral, additional guarantees or advance payments.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 90pt;">Regarding certain credit balances, the Group is covered by foreign trade risk insurance. The Group performs ongoing credit evaluations of its customers and establishes an allowance for credit losses.</p>
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
153191
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
26686
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.55
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0113
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0088
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4764
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4945
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0283
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.005
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y1M6D
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y7M9D
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15122000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14164000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8771000
CY2022 audc Severance Cost
SeveranceCost
3907000
CY2021 audc Severance Cost
SeveranceCost
2373000
CY2020 audc Severance Cost
SeveranceCost
3078000
CY2021Q4 us-gaap Inventory Net
InventoryNet
23988000
CY2022 us-gaap Description Of Defined Contribution Pension And Other Postretirement Plans
DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans
All eligible employees may elect to contribute a portion of their annual compensation to the plan through salary deferrals, subject to the IRS limit of $20.5 during the years ended December 31, 2022 and 2021, plus a catch-up contribution of $6.5 for participants aged 50 or over. The Group matches 50% of employees’ contributions, up to a maximum of 6% of the employees’ annual pay.
CY2022 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
531000
CY2021 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
431000
CY2020 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
386000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
1733000
CY2021 us-gaap Advertising Expense
AdvertisingExpense
582000
CY2020 us-gaap Advertising Expense
AdvertisingExpense
371000
CY2022 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<table style="border-collapse:collapse;border:0;"><tr><td style="width:54pt;padding:0pt;"/><td style="vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;text-align:justify;">z.</p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;text-align:justify;">Derivative instruments and hedging:</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 90pt;">The Group accounts for derivative instruments and hedging based on ASC 815, “Derivatives and Hedging”.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 90pt;">The Group accounts for its derivative instruments as either assets or liabilities and carries them at fair value. Derivative instruments that are not designated and qualified as hedging instruments must be adjusted to fair value through earnings. The changes in the fair value of such instruments are included as gain or loss in “financial income (expenses), net” at each reporting period.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 90pt;">For derivative instruments that hedge the exposure to variability in expected future cash flows that are designated as cash flow hedges, the gain or loss on the derivative instrument is reported as a component of accumulated other comprehensive loss in equity and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings and is classified as payroll and rent expenses. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 90pt;">To receive hedge accounting treatment, cash flow hedges must be highly effective in offsetting changes to expected future cash flows on hedged transactions. </p>
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
1700000
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
4200000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
545000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
532000
CY2022Q4 audc Finite Lived Intangible Asset Expected Amortization Year Three And Thereafter
FiniteLivedIntangibleAssetExpectedAmortizationYearThreeAndThereafter
489000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1566000
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss
86277000
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
8211000
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
78066000
CY2021Q4 us-gaap Debt Securities Available For Sale Amortized Cost After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostAfterAllowanceForCreditLoss
91207000
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
54000
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1285000
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
89976000
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
14541000
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
15263000
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
21836000
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
8725000
CY2022Q4 us-gaap Inventory Net
InventoryNet
36377000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
42073000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
40323000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
38108000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
35929000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3965000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4394000
CY2022 us-gaap Depreciation
Depreciation
2181000
CY2021 us-gaap Depreciation
Depreciation
2074000
CY2020 us-gaap Depreciation
Depreciation
1936000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
26766000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
26766000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
25200000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
24396000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1566000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2370000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
804000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
358000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
332000
CY2022Q4 audc Fair Value Of Financial Investments
FairValueOfFinancialInvestments
16500000
CY2022Q4 audc Financial Assets Fair Value Disclosure
FinancialAssetsFairValueDisclosure
-16500000
CY2022Q4 audc Fair Value Of Investment In Private Funds
FairValueOfInvestmentInPrivateFunds
16500
CY2022 audc Fair Value Investments Entities That Calculate Net Asset Value Per Share Lock Up Period
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareLockUpPeriod
P12M
CY2022 audc Fair Value Of Investment In Private Fund
FairValueOfInvestmentInPrivateFund
937000
CY2022Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
17999000
CY2021Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
21000000
CY2022Q4 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
5150000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
9511000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
9344000
CY2022Q4 audc Accrued Government Authorities
AccruedGovernmentAuthorities
2806000
CY2021Q4 audc Accrued Government Authorities
AccruedGovernmentAuthorities
4226000
CY2022Q4 audc Provision For Return
ProvisionForReturn
2704000
CY2021Q4 audc Provision For Return
ProvisionForReturn
3509000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
146000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
271000
CY2022Q4 audc Other Payables And Accrued Expenses
OtherPayablesAndAccruedExpenses
38316000
CY2021Q4 audc Other Payables And Accrued Expenses
OtherPayablesAndAccruedExpenses
38350000
CY2022 audc Operating Lease Lease Expenses
OperatingLeaseLeaseExpenses
8015000
CY2021 audc Operating Lease Lease Expenses
OperatingLeaseLeaseExpenses
8297000
CY2020 audc Operating Lease Lease Expenses
OperatingLeaseLeaseExpenses
8000000
CY2022 us-gaap Sublease Income
SubleaseIncome
1516000
CY2021 us-gaap Sublease Income
SubleaseIncome
1547000
CY2020 us-gaap Sublease Income
SubleaseIncome
1405000
CY2022 us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
CY2022Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M29D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0214
CY2022 audc Schedule Of Supplemental Cash Flow Information Related To Lease Costs
ScheduleOfSupplementalCashFlowInformationRelatedToLeaseCosts
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 86.4pt;"><span style="margin-left:0pt;visibility:hidden;">​</span></p><div style="padding-left:86.4pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:84%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:84.98%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.7%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.69%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:10.61%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:84.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;"><b style="font-weight:bold;">    </b></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:12.31%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">December 31,</b></p></td></tr><tr><td style="vertical-align:bottom;width:84.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:8pt;font-weight:bold;visibility:hidden;">​</span></p></td><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:12.31%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2022</b></p></td></tr><tr><td style="vertical-align:bottom;width:84.98%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Cash paid for amounts included in measurement of lease liabilities:</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.7%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.69%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.61%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">  </p></td></tr><tr><td style="vertical-align:bottom;width:84.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Operating cash flows for operating leases (*)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.69%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.61%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 8,852</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 86.4pt;"><span style="margin-left:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 86.4pt;">(*) Total operating cash flows for operating leases have been reduced by lease receipt in the amount of $743 in connection with lease modification agreement of the Company’s U.S. subsidiary, due to lease termination prior to its scheduled expiration date.</p>
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
8852000
CY2022 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
743000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
8199000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2112000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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1103000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
847000
CY2022Q4 audc Lessee Operating Lease Liability Payments Due Year Five And Thereafter
LesseeOperatingLeaseLiabilityPaymentsDueYearFiveAndThereafter
2200000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
14461000
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743000
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OperatingLeaseLiability
13718000
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SalesTypeLeaseRevenue
19802000
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303904
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9.61
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y10M6D
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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2597
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7972000
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
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6632000
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4382000
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1460000
CY2022Q4 audc Sales Type And Direct Financing Leases Lease Receivable To Be Received Five And After Year Five
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625000
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
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21071000
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CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable
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20608000
CY2022Q4 us-gaap Purchase Obligation
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CY2022Q4 audc Maximum Amount Of Royalties To Be Paid Out Of Research And Development Grants Received
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1
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3
CY2014Q4 us-gaap Stock Repurchase Program Authorized Amount1
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CY2022Q3 us-gaap Dividends
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5700000
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2022-08-31
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551809
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8.88
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm3
P2Y10M28D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
14268
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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23.99
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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5.56
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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3625
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
10.63
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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361343
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.74
CY2022 audc Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Remaining Contractual Term3
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm3
P2Y6M14D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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2786
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
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16477000
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y10M20D
CY2011Q1 audc Percentage Of Amendment Tax Rate
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0.16
CY2022 audc Minimum Percentage Of Income From Its Core Activity
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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25434000
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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36647000
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CY2022 us-gaap Current Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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23807000
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27859000
CY2022Q4 audc Deferred Tax Assets Operating Lease Liabilities
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1509000
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2247000
CY2022Q4 us-gaap Deferred Tax Assets Investments
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1837000
CY2021Q4 us-gaap Deferred Tax Assets Investments
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CY2022Q4 us-gaap Deferred Tax Assets Derivative Instruments
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
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CY2022Q4 us-gaap Deferred Tax Assets Gross
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CY2021Q4 us-gaap Deferred Tax Assets Gross
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Deferred Tax Assets Net
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10562000
CY2021Q4 us-gaap Deferred Tax Assets Net
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10848000
CY2022Q4 audc Deferred Tax Liabilities Operating Lease Rou Assets
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1489000
CY2021Q4 audc Deferred Tax Liabilities Operating Lease Rou Assets
DeferredTaxLiabilitiesOperatingLeaseRouAssets
1943000
CY2021Q4 us-gaap Deferred Tax Liabilities
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2555000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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39647000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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36647000
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.230
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.230
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
7861000
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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9118000
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
8429000
CY2022 audc Effective Income Tax Rate Reconciliation Pte
EffectiveIncomeTaxRateReconciliationPte
-3031000
CY2021 audc Effective Income Tax Rate Reconciliation Pte
EffectiveIncomeTaxRateReconciliationPte
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CY2020 audc Effective Income Tax Rate Reconciliation Pte
EffectiveIncomeTaxRateReconciliationPte
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CY2022 audc Effective Income Tax Rate Reconciliation Changes In Tax Reserve For Uncertain Tax Positions
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90000
CY2021 audc Effective Income Tax Rate Reconciliation Changes In Tax Reserve For Uncertain Tax Positions
EffectiveIncomeTaxRateReconciliationChangesInTaxReserveForUncertainTaxPositions
175000
CY2020 audc Effective Income Tax Rate Reconciliation Changes In Tax Reserve For Uncertain Tax Positions
EffectiveIncomeTaxRateReconciliationChangesInTaxReserveForUncertainTaxPositions
0
CY2022 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
448000
CY2021 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
88000
CY2020 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
0
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-375000
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
603000
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
411000
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
329000
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-65000
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
298000
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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453000
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
140000
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-3754000
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IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
152000
CY2021 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
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0
CY2020 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
6931000
CY2022 us-gaap Income Tax Reconciliation Tax Settlements Other
IncomeTaxReconciliationTaxSettlementsOther
-210000
CY2021 us-gaap Income Tax Reconciliation Tax Settlements Other
IncomeTaxReconciliationTaxSettlementsOther
-608000
CY2020 us-gaap Income Tax Reconciliation Tax Settlements Other
IncomeTaxReconciliationTaxSettlementsOther
508000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5717000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5896000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9399000
CY2022 us-gaap Interest Expense
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325000
CY2021 us-gaap Interest Expense
InterestExpense
621000
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657000
CY2022 us-gaap Derivative Instruments Not Designated As Hedging Instruments Loss
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLoss
6000
CY2021 us-gaap Derivative Instruments Not Designated As Hedging Instruments Loss
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12000
CY2020 us-gaap Derivative Instruments Not Designated As Hedging Instruments Loss
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLoss
0
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-1513000
CY2021 audc Amortization Of Marketable Securities Premiums And Accretion Of Discounts Net
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-1387000
CY2020 audc Amortization Of Marketable Securities Premiums And Accretion Of Discounts Net
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-172000
CY2022 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
0
CY2021 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
293000
CY2020 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
1975000
CY2022 us-gaap Other Expenses
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358000
CY2021 us-gaap Other Expenses
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252000
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171000
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OtherNonoperatingExpense
2202000
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OtherNonoperatingExpense
2565000
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OtherNonoperatingExpense
2975000
CY2022 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain
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0
CY2021 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGain
0
CY2020 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGain
17000
CY2022 us-gaap Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
1325000
CY2021 us-gaap Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
0
CY2020 us-gaap Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
0
CY2022 us-gaap Gain On Sale Of Investments
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937000
CY2021 us-gaap Gain On Sale Of Investments
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0
CY2020 us-gaap Gain On Sale Of Investments
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0
CY2022 us-gaap Interest Income Operating
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2804000
CY2021 us-gaap Interest Income Operating
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2656000
CY2020 us-gaap Interest Income Operating
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1252000
CY2022 us-gaap Interest Income Other
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0
CY2021 us-gaap Interest Income Other
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32000
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2688000
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31849422
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32703478
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31440093
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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650719
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1142081
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1475590
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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32500141
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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33845559
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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32915683
CY2022 us-gaap Number Of Reportable Segments
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1
CY2022 us-gaap Revenues
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275093000
CY2022Q4 us-gaap Noncurrent Assets
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19048000
CY2021 us-gaap Revenues
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23221000
CY2020 us-gaap Revenues
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220774000
CY2020Q4 us-gaap Noncurrent Assets
NoncurrentAssets
30592000
CY2022Q4 audc Net Deferred Gain Loss Associated With Cash Flow Hedges Recorded In Other Comprehensive Income
NetDeferredGainLossAssociatedWithCashFlowHedgesRecordedInOtherComprehensiveIncome
-4577000
CY2021Q4 audc Net Deferred Gain Loss Associated With Cash Flow Hedges Recorded In Other Comprehensive Income
NetDeferredGainLossAssociatedWithCashFlowHedgesRecordedInOtherComprehensiveIncome
719000
CY2022Q4 audc Derivatives Contracts Outstanding
DerivativesContractsOutstanding
114000000
CY2021Q4 audc Derivatives Contracts Outstanding
DerivativesContractsOutstanding
44000000
CY2022Q4 audc Derivative Forward Contracts Outstanding
DerivativeForwardContractsOutstanding
3500000
CY2021Q4 audc Derivative Forward Contracts Outstanding
DerivativeForwardContractsOutstanding
3500000

Files In Submission

Name View Source Status
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audc-20221231_lab.xml Edgar Link unprocessable
audc-20221231_cal.xml Edgar Link unprocessable
0001410578-23-000770-index-headers.html Edgar Link pending
0001410578-23-000770-index.html Edgar Link pending
0001410578-23-000770.txt Edgar Link pending
0001410578-23-000770-xbrl.zip Edgar Link pending
audc-20221231.xsd Edgar Link pending
audc-20221231x20f.htm Edgar Link pending
audc-20221231xex12d1.htm Edgar Link pending
audc-20221231xex12d2.htm Edgar Link pending
audc-20221231xex13d1.htm Edgar Link pending
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