2021 Q4 Form 10-K Financial Statement

#000151441622000054 Filed on February 25, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $126.1M $490.9M $113.0M
YoY Change 11.62% 43.07% 82.26%
Cost Of Revenue $72.60M $272.4M $61.40M
YoY Change 18.24% 47.03% 86.06%
Gross Profit $53.53M $218.5M $51.70M
YoY Change 3.54% 38.43% 78.28%
Gross Profit Margin 42.44% 44.51% 45.75%
Selling, General & Admin $40.86M $165.6M $50.40M
YoY Change -18.92% 28.06% 112.66%
% of Gross Profit 76.33% 75.78% 97.49%
Research & Development $15.30M $55.17M $12.50M
YoY Change 22.43% 31.18% 54.32%
% of Gross Profit 28.59% 25.25% 24.18%
Depreciation & Amortization $9.164M $17.52M $6.870M
YoY Change 33.39% 33.39% 136.08%
% of Gross Profit 17.12% 8.02% 13.29%
Operating Expenses $57.60M $220.8M $63.90M
YoY Change -9.86% 28.82% 96.62%
Operating Profit -$4.072M -$2.237M -$12.20M
YoY Change -66.62% -83.44% 248.57%
Interest Expense -$28.78M -$28.78M -$13.70M
YoY Change 110.1% 110.53%
% of Operating Profit
Other Income/Expense, Net $20.59M -$28.96M $7.200M
YoY Change 186.03% 87.22% 800.0%
Pretax Income -$12.26M -$27.55M -$18.70M
YoY Change -34.43% 7.0% 592.59%
Income Tax -$4.088M -$3.833M $1.200M
% Of Pretax Income
Net Earnings -$8.174M -$27.36M -$19.93M
YoY Change -58.98% -37.78% 918.71%
Net Earnings / Revenue -6.48% -5.57% -17.63%
Basic Earnings Per Share -$1.09
Diluted Earnings Per Share -$325.2K -$1.09 -$805.7K
COMMON SHARES
Basic Shares Outstanding 25.09M shares
Diluted Shares Outstanding 25.09M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $331.5M $331.5M $72.20M
YoY Change 359.08% 359.08% -60.97%
Cash & Equivalents $331.5M $331.5M $72.16M
Short-Term Investments
Other Short-Term Assets $19.86M $19.86M $26.20M
YoY Change -24.2% -24.2% 122.03%
Inventory $0.00 $0.00 $40.00M
Prepaid Expenses
Receivables $61.57M $61.16M $55.24M
Other Receivables $411.0K $411.0K $2.250M
Total Short-Term Assets $412.9M $412.9M $193.6M
YoY Change 113.27% 113.27% -14.69%
LONG-TERM ASSETS
Property, Plant & Equipment $83.67M $83.67M $71.10M
YoY Change 17.67% 17.67% 70.69%
Goodwill $344.4M $372.2M
YoY Change -7.48% 5320.69%
Intangibles $211.2M $248.1M
YoY Change -14.85% 3676.15%
Long-Term Investments
YoY Change
Other Assets $8.673M $13.35M $1.975M
YoY Change 339.14% 138.38% 28.83%
Total Long-Term Assets $652.7M $652.7M $697.0M
YoY Change -6.36% -6.36% 508.92%
TOTAL ASSETS
Total Short-Term Assets $412.9M $412.9M $193.6M
Total Long-Term Assets $652.7M $652.7M $697.0M
Total Assets $1.066B $1.066B $890.6M
YoY Change 19.64% 19.64% 160.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.142M $9.142M $11.67M
YoY Change -21.63% -21.86% 178.4%
Accrued Expenses $65.92M $71.55M $63.07M
YoY Change 4.53% 4.61% 130.77%
Deferred Revenue $6.248M $6.515M
YoY Change -4.1% 25.85%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $177.0K $177.0K $200.0K
YoY Change -11.5% -11.5%
Total Short-Term Liabilities $93.50M $93.50M $92.19M
YoY Change 1.42% 1.41% 101.56%
LONG-TERM LIABILITIES
Long-Term Debt $486.4M $486.4M $282.2M
YoY Change 72.38% 72.37%
Other Long-Term Liabilities $6.018M $24.61M $1.707M
YoY Change 252.55% -2.73%
Total Long-Term Liabilities $492.5M $511.1M $283.9M
YoY Change 73.46% 66.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $93.50M $93.50M $92.19M
Total Long-Term Liabilities $492.5M $511.1M $283.9M
Total Liabilities $652.9M $652.9M $460.7M
YoY Change 41.73% 41.73% 545.89%
SHAREHOLDERS EQUITY
Retained Earnings -$76.87M -$49.51M
YoY Change 55.27% 795.53%
Common Stock $25.00K $24.00K
YoY Change 4.17% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $412.6M $412.6M $429.9M
YoY Change
Total Liabilities & Shareholders Equity $1.066B $1.066B $890.6M
YoY Change 19.64% 19.64% 160.86%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$8.174M -$27.36M -$19.93M
YoY Change -58.98% -37.78% 918.71%
Depreciation, Depletion And Amortization $9.164M $17.52M $6.870M
YoY Change 33.39% 33.39% 136.08%
Cash From Operating Activities $17.12M $40.80M -$6.810M
YoY Change -351.32% 803.12% -405.38%
INVESTING ACTIVITIES
Capital Expenditures -$8.848M -$54.63M -$3.210M
YoY Change 175.64% -545.12% -67.64%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $0.00 $57.46M -$209.7M
YoY Change -100.0% -113.05%
Cash From Investing Activities -$8.848M $2.833M -$212.9M
YoY Change -95.84% -100.62% 2046.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.934M $207.0M -210.0K
YoY Change 3201.9% -40.32% 90.91%
NET CHANGE
Cash From Operating Activities 17.12M $40.80M -6.810M
Cash From Investing Activities -8.848M $2.833M -212.9M
Cash From Financing Activities -6.934M $207.0M -210.0K
Net Change In Cash 1.333M $250.9M -219.9M
YoY Change -100.61% -342.21% 2719.87%
FREE CASH FLOW
Cash From Operating Activities $17.12M $40.80M -$6.810M
Capital Expenditures -$8.848M -$54.63M -$3.210M
Free Cash Flow $25.96M $95.43M -$3.600M
YoY Change -821.19% -1330.59% -129.63%

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CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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1000 USD
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1000 USD
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41000 USD
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6626000 USD
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27900000 USD
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9881000 USD
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CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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9538000 USD
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16803000 USD
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36642000 USD
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700000 USD
CY2019 band Accretion Of Bond Discount
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700000 USD
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0 USD
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4000 USD
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0 USD
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-456000 USD
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-334000 USD
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1145000 USD
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315000 USD
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1992000 USD
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14393000 USD
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4518000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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40803000 USD
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22215000 USD
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12273000 USD
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20686000 USD
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3544000 USD
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2319000 USD
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3926000 USD
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0 USD
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0 USD
CY2021 us-gaap Payments To Acquire Land Held For Use
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30017000 USD
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0 USD
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0 USD
CY2021 us-gaap Proceeds From Sale Of Land Held For Use
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17462000 USD
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68361000 USD
CY2019 us-gaap Payments To Acquire Marketable Securities
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68361000 USD
CY2020 us-gaap Payments To Acquire Marketable Securities
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0 USD
CY2021 us-gaap Payments To Acquire Marketable Securities
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0 USD
CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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0 USD
CY2020 us-gaap Payments To Acquire Other Investments
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230780000 USD
CY2021 us-gaap Payments To Acquire Other Investments
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0 USD
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ProceedsFromSaleAndMaturityOfOtherInvestments
0 USD
CY2020 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
190780000 USD
CY2021 us-gaap Proceeds From Sale And Maturity Of Other Investments
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40000000 USD
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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400493000 USD
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Finance Lease Principal Payments
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28000 USD
CY2021 us-gaap Finance Lease Principal Payments
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212000 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
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147391000 USD
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2021 us-gaap Proceeds From Issuance Of Common Stock
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0 USD
CY2019 us-gaap Payments Of Stock Issuance Costs
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CY2020 us-gaap Payments Of Stock Issuance Costs
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0 USD
CY2021 us-gaap Payments Of Stock Issuance Costs
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0 USD
CY2019 us-gaap Proceeds From Convertible Debt
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CY2020 us-gaap Proceeds From Convertible Debt
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400000000 USD
CY2021 us-gaap Proceeds From Convertible Debt
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250000000 USD
CY2019 us-gaap Payments For Hedge Financing Activities
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0 USD
CY2020 us-gaap Payments For Hedge Financing Activities
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43320000 USD
CY2021 us-gaap Payments For Hedge Financing Activities
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25500000 USD
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0 USD
CY2020 band Payment Of Acquisition Holdback
PaymentOfAcquisitionHoldback
0 USD
CY2021 band Payment Of Acquisition Holdback
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6689000 USD
CY2019 us-gaap Payments Of Debt Issuance Costs
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167000 USD
CY2020 us-gaap Payments Of Debt Issuance Costs
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11990000 USD
CY2021 us-gaap Payments Of Debt Issuance Costs
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7544000 USD
CY2019 us-gaap Proceeds From Stock Options Exercised
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CY2020 us-gaap Proceeds From Stock Options Exercised
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4073000 USD
CY2021 us-gaap Proceeds From Stock Options Exercised
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1844000 USD
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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152418000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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346891000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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207027000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-9000 USD
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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109000 USD
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
189000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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143503000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-103567000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
250852000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41501000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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185004000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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81437000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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185004000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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81437000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
332289000 USD
CY2019 us-gaap Interest Paid Net
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341000 USD
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InterestPaidNet
1476000 USD
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CY2020 us-gaap Income Taxes Paid Net
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454000 USD
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1999000 USD
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3105000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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526000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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0 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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462000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1375000 USD
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6043000 USD
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3760000 USD
CY2019 band Incentive To Lessee Amount
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0 USD
CY2020 band Incentive To Lessee Amount
IncentiveToLesseeAmount
0 USD
CY2021 band Incentive To Lessee Amount
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4677000 USD
CY2019 us-gaap Stock Issued1
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0 USD
CY2020 us-gaap Stock Issued1
StockIssued1
106379000 USD
CY2021 us-gaap Stock Issued1
StockIssued1
0 USD
CY2019 band Noncash Or Part Noncash Acquisition Acquisition Holdback Consideration
NoncashOrPartNoncashAcquisitionAcquisitionHoldbackConsideration
0 USD
CY2020 band Noncash Or Part Noncash Acquisition Acquisition Holdback Consideration
NoncashOrPartNoncashAcquisitionAcquisitionHoldbackConsideration
8595000 USD
CY2021 band Noncash Or Part Noncash Acquisition Acquisition Holdback Consideration
NoncashOrPartNoncashAcquisitionAcquisitionHoldbackConsideration
0 USD
CY2019 band Equity Awards Withheld For Tax Liabilities Accrued But Not Paid
EquityAwardsWithheldForTaxLiabilitiesAccruedButNotPaid
177000 USD
CY2020 band Equity Awards Withheld For Tax Liabilities Accrued But Not Paid
EquityAwardsWithheldForTaxLiabilitiesAccruedButNotPaid
247000 USD
CY2021 band Equity Awards Withheld For Tax Liabilities Accrued But Not Paid
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127000 USD
CY2019 us-gaap Capital Lease Obligations Incurred
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0 USD
CY2020 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
113000 USD
CY2021 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
160000 USD
CY2021 us-gaap Number Of Reportable Segments
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2 segment
CY2021 us-gaap Number Of Operating Segments
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2 segment
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:9pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Reclassification</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Company reclassified certain prior year amounts to conform to the current year presentation. These reclassifications had no impact on the previously reported total assets, liabilities, stockholder’s deficit or net income.</span></div>
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:9pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The preparation of the Company’s consolidated financial statements in conformity with GAAP requires the Company to make estimates and judgments that affect the amounts reported in these financial statements and accompanying notes. These estimates in the consolidated financial statements include, but are not limited to, allowance for doubtful accounts, reserve for expected credit losses, reserve for sales credits, recoverability of long lived and intangible assets, fair value of acquired intangible assets and goodwill, discount rates used in the valuation of right-of-use assets and lease liabilities, the fair value of the liability and equity components of the Company’s Convertible Notes (as defined herein), estimated period of benefit, valuation allowances on deferred tax assets, certain accrued expenses and contingencies, economic and demographic actuarial assumptions related to pension and other postretirement benefit costs and liabilities, estimated cash flows on asset retirement obligation. Although </span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">the Company believes that the estimates it uses are reasonable, due to the inherent uncertainty involved in making these estimates, actual results reported in future periods could differ from those estimates.</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Effective January 1, 2020, due to the continued growth in customers and low churn rates, the Company updated its calculation of the estimated period of benefit for nonrefundable upfront fees from 3 to 4 years.</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Effective July 1, 2020, due to significant investment in software during the first half of 2020 and management's expectation that such investment would yield benefit for a longer period of time, the Company updated its estimated useful life for internal-use software development from 3 to 4 years.</span></div>
CY2020Q4 us-gaap Contract With Customer Asset Net
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55243000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
61572000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
12901000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
13882000 USD
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
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5700000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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6200000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P12M
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1200000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1700000 USD
CY2020Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
27700000 USD
CY2021Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
31800000 USD
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:9pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Financial instruments that are exposed to concentration of credit risk consist primarily of cash and cash equivalents, other investments and trade accounts receivable. Cash deposits may be in excess of insured limits. The Company believes that the financial institutions that hold its cash deposits are financially sound and, accordingly, minimal credit risk exists with respect to these balances.</span></div>With regard to customers, credit evaluation and account monitoring procedures are used to minimize the risk of loss. The Company believes that no additional credit risk beyond amounts provided for by the allowance for doubtful accounts are inherent in accounts receivable.
CY2021Q4 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P4Y
CY2021 us-gaap Number Of Reporting Units
NumberOfReportingUnits
2 segment
CY2020Q4 us-gaap Goodwill
Goodwill
372200000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
344400000 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
1500000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
1600000 USD
CY2021 us-gaap Advertising Expense
AdvertisingExpense
1800000 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P4Y
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2019 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
100000 USD
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
100000 USD
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
100000 USD
CY2019 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
69000000 USD
CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
0 USD
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
0 USD
CY2019 band Proceeds From Sale Of Marketable Securities
ProceedsFromSaleOfMarketableSecurities
17500000 USD
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
100000 USD
CY2020 us-gaap Investment Income Interest
InvestmentIncomeInterest
100000 USD
CY2019 us-gaap Investment Income Interest
InvestmentIncomeInterest
100000 USD
CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
26504000 USD
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
31036000 USD
CY2020Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
27692000 USD
CY2021Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
31786000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1203000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1661000 USD
CY2020Q4 us-gaap Other Receivables Net Current
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2250000 USD
CY2021Q4 us-gaap Other Receivables Net Current
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411000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
55243000 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
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61572000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
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769000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
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1203000 USD
CY2020 us-gaap Provision For Doubtful Accounts
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1322000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
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183000 USD
CY2021Q4 us-gaap Finance Lease Liability Current
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177000 USD
CY2021 us-gaap Provision For Doubtful Accounts
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913000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
888000 USD
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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416000 USD
CY2020 band Accounts Receivable Allowance For Credit Loss Foreign Currency Translation
AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslation
0 USD
CY2021 band Accounts Receivable Allowance For Credit Loss Foreign Currency Translation
AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslation
39000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1203000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1661000 USD
CY2020Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
31549000 USD
CY2021Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
31264000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
19534000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
19042000 USD
CY2020Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
9142000 USD
CY2021Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
11046000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2657000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4392000 USD
CY2020Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
63065000 USD
CY2021Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
65921000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received
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249000 USD
CY2021Q4 us-gaap Lessor Operating Lease Renewal Term
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P5Y
CY2021Q4 band Number Of Leases With Early Termination Option
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1 lease
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
5548000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
5949000 USD
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
6818000 USD
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FinanceLeaseRightOfUseAssetAmortization
0 USD
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
20000 USD
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
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218000 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
0 USD
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2000 USD
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
18000 USD
CY2019 us-gaap Sublease Income
SubleaseIncome
643000 USD
CY2020 us-gaap Sublease Income
SubleaseIncome
384000 USD
CY2021 us-gaap Sublease Income
SubleaseIncome
384000 USD
CY2019 us-gaap Lease Cost
LeaseCost
4905000 USD
CY2020 us-gaap Lease Cost
LeaseCost
5587000 USD
CY2021 us-gaap Lease Cost
LeaseCost
6670000 USD
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 USD
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
200000 USD
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1300000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
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19491000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
14061000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
464000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
373000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
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183000 USD
CY2020Q4 band Lease Right Of Use Asset
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19955000 USD
CY2021Q4 band Lease Right Of Use Asset
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14434000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
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5515000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
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5807000 USD
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
177000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
17202000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
10958000 USD
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
282000 USD
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
202000 USD
CY2020Q4 band Lease Liability
LeaseLiability
23182000 USD
CY2021Q4 band Lease Liability
LeaseLiability
17144000 USD
CY2020Q4 band Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
9100000 USD
CY2021Q4 band Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
14800000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
0 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
200000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
3357000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
5301000 USD
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
6227000 USD
CY2019 us-gaap Finance Lease Principal Payments
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0 USD
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
28000 USD
CY2021 us-gaap Finance Lease Principal Payments
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212000 USD
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
3357000 USD
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
5329000 USD
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
6439000 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P4Y4M6D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P3Y9M14D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y11M12D
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P2Y11M26D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y5M8D
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0498
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.0481
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.0478
CY2021Q4 us-gaap Hosting Arrangement Service Contract Implementation Cost Capitalized Before Accumulated Amortization
HostingArrangementServiceContractImplementationCostCapitalizedBeforeAccumulatedAmortization
400000 USD
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1800000 USD
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0400
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0391
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6422000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
191000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6601000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
121000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2649000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
75000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1623000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
10000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
692000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Five
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0 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
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17987000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
397000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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1222000 USD
CY2021Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
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18000 USD
CY2021Q4 us-gaap Operating Lease Liability
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16765000 USD
CY2021Q4 us-gaap Finance Lease Liability
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379000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
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5807000 USD
CY2021Q4 us-gaap Finance Lease Liability Current
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177000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
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10958000 USD
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
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202000 USD
CY2021Q4 band Lease Incentive
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4700000 USD
CY2021Q4 band Lessee Lease Restoration Obligation
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200000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
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97725000 USD
CY2020 us-gaap Capitalized Computer Software Amortization1
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2000000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
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139336000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
46080000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
69732000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
51645000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
69604000 USD
CY2020Q4 us-gaap Capitalized Computer Software Gross
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6000000 USD
CY2021Q4 us-gaap Capitalized Computer Software Gross
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7500000 USD
CY2019 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
3600000 USD
CY2020 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
2300000 USD
CY2021 us-gaap Capitalized Computer Software Additions
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3900000 USD
CY2019 us-gaap Capitalized Computer Software Amortization1
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2000000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
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500000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
600000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
200000 USD
CY2019 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
300000 USD
CY2020 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
200000 USD
CY2021 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
500000 USD
CY2019 us-gaap Depreciation
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9018000 USD
CY2020 us-gaap Depreciation
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13137000 USD
CY2021 us-gaap Depreciation
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17523000 USD
CY2019Q4 us-gaap Goodwill
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6867000 USD
CY2020 us-gaap Goodwill Acquired During Period
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346564000 USD
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
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18808000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
372239000 USD
CY2021 us-gaap Goodwill Purchase Accounting Adjustments
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999000 USD
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-28815000 USD
CY2021Q4 us-gaap Goodwill
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344423000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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260316000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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12261000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
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248055000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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241551000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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30334000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
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211217000 USD
CY2019 us-gaap Amortization Of Intangible Assets
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520000 USD
CY2020 us-gaap Amortization Of Intangible Assets
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3666000 USD
CY2021 us-gaap Amortization Of Intangible Assets
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19119000 USD
CY2021 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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P12Y
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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18344000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
18344000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
18344000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
18344000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
18344000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
118733000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
210453000 USD
CY2020Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
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100000 USD
CY2021Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
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0 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
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344700000 USD
CY2020 us-gaap Interest Expense Debt
InterestExpenseDebt
16406000 USD
CY2021 us-gaap Interest Expense Debt
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28661000 USD
CY2020Q1 band Capped Call Option Issuance Cost
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43300000 USD
CY2021Q1 band Capped Call Option Issuance Cost
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25500000 USD
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2 segment
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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232594000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
343113000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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490907000 USD
CY2019 us-gaap Cost Of Goods And Services Sold
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124959000 USD
CY2020 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
185252000 USD
CY2021 us-gaap Cost Of Goods And Services Sold
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272384000 USD
CY2019 us-gaap Gross Profit
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107635000 USD
CY2020 us-gaap Gross Profit
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157861000 USD
CY2021 us-gaap Gross Profit
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218523000 USD
CY2020Q4 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020 us-gaap Common Stock Dividends Per Share Declared
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0
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2020Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
2725956 shares
CY2021Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
3585369 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
57159000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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54088000 USD
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Ernst & Young LLP
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42

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