2024 Q2 Form 10-K Financial Statement

#000163411724000048 Filed on July 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024
Revenue $235.9M $1.567B
YoY Change 9.64% 1.55%
Cost Of Revenue $166.1M $1.210B
YoY Change -6.86% 1.39%
Gross Profit $69.86M $356.8M
YoY Change 89.3% 2.1%
Gross Profit Margin 29.61% 22.77%
Selling, General & Admin $68.38M $311.6M
YoY Change 30.09% -12.87%
% of Gross Profit 97.88% 87.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.984M $27.28M
YoY Change 193.91% -35.34%
% of Gross Profit 14.29% 7.65%
Operating Expenses $78.37M $311.6M
YoY Change 28.85% -22.06%
Operating Profit -$8.501M -$21.93M
YoY Change -64.45% -56.43%
Interest Expense -$10.83M -$40.37M
YoY Change 54.43% 77.95%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$27.79M -$62.30M
YoY Change -19.27% -30.1%
Income Tax -$349.0K $183.0K
% Of Pretax Income
Net Earnings -$27.36M -$63.21M
YoY Change -40.83% -37.94%
Net Earnings / Revenue -11.6% -4.03%
Basic Earnings Per Share -$10.24 -$23.75
Diluted Earnings Per Share -$10.24 -$23.75
COMMON SHARES
Basic Shares Outstanding 2.673M shares 2.662M shares
Diluted Shares Outstanding 2.673M shares 2.662M shares

Balance Sheet

Concept 2024 Q2 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.46M $10.46M
YoY Change -26.44% -26.44%
Cash & Equivalents $10.46M $10.46M
Short-Term Investments
Other Short-Term Assets $39.16M $39.16M
YoY Change -49.11% -49.11%
Inventory $344.0M $377.0M
Prepaid Expenses
Receivables $104.1M $75.03M
Other Receivables $0.00 $29.08M
Total Short-Term Assets $530.8M $530.8M
YoY Change -1.16% -1.16%
LONG-TERM ASSETS
Property, Plant & Equipment $52.91M $255.4M
YoY Change -83.21% -18.94%
Goodwill
YoY Change
Intangibles $94.19M
YoY Change -14.86%
Long-Term Investments
YoY Change
Other Assets $24.70M $24.70M
YoY Change 37.08% 37.08%
Total Long-Term Assets $374.3M $374.3M
YoY Change -15.65% -15.65%
TOTAL ASSETS
Total Short-Term Assets $530.8M $530.8M
Total Long-Term Assets $374.3M $374.3M
Total Assets $905.1M $905.1M
YoY Change -7.72% -7.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $299.2M $299.2M
YoY Change 11.66% 11.66%
Accrued Expenses $77.44M $168.3M
YoY Change -55.63% -3.54%
Deferred Revenue $211.0K
YoY Change 0.0%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $478.8M $478.8M
YoY Change 3.62% 3.62%
LONG-TERM LIABILITIES
Long-Term Debt $196.3M $196.3M
YoY Change 7.79% 7.79%
Other Long-Term Liabilities $15.88M $158.1M
YoY Change -92.21% -22.44%
Total Long-Term Liabilities $15.88M $354.4M
YoY Change -95.89% -8.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $478.8M $478.8M
Total Long-Term Liabilities $15.88M $354.4M
Total Liabilities $834.5M $834.5M
YoY Change -1.83% -1.83%
SHAREHOLDERS EQUITY
Retained Earnings -$656.6M
YoY Change 10.65%
Common Stock $749.1M
YoY Change 0.43%
Preferred Stock
YoY Change
Treasury Stock (at cost) $22.55M
YoY Change 0.79%
Treasury Stock Shares
Shareholders Equity $70.58M $70.58M
YoY Change
Total Liabilities & Shareholders Equity $905.1M $905.1M
YoY Change -7.72% -7.72%

Cashflow Statement

Concept 2024 Q2 2024
OPERATING ACTIVITIES
Net Income -$27.36M -$63.21M
YoY Change -40.83% -37.94%
Depreciation, Depletion And Amortization $9.984M $27.28M
YoY Change 193.91% -35.34%
Cash From Operating Activities $81.75M -$5.122M
YoY Change -28.45% -105.59%
INVESTING ACTIVITIES
Capital Expenditures $2.611M $14.07M
YoY Change -244.49% -43.93%
Acquisitions
YoY Change
Other Investing Activities $0.00 $21.47M
YoY Change -100.0% -460.83%
Cash From Investing Activities -$2.611M $7.403M
YoY Change -44.64% -123.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $176.0K
YoY Change -120.37%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -65.59M -$5.699M
YoY Change -38.18% -88.53%
NET CHANGE
Cash From Operating Activities 81.75M -$5.122M
Cash From Investing Activities -2.611M $7.403M
Cash From Financing Activities -65.59M -$5.699M
Net Change In Cash 13.55M -$3.418M
YoY Change 293.89% -131.21%
FREE CASH FLOW
Cash From Operating Activities $81.75M -$5.122M
Capital Expenditures $2.611M $14.07M
Free Cash Flow $79.14M -$19.19M
YoY Change -31.81% -128.83%

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3215000 usd
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<div style="margin-top:3pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 1. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Organization</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Description of Business </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Barnes &amp; Noble Education, Inc. (“BNED”) is one of the largest contract operators of physical and virtual bookstores for college and university campuses and K-12 institutions across the United States. We are also one of the largest textbook wholesalers and inventory management hardware and software providers. We operate 1,245 physical, virtual, and custom bookstores and serve more than 5.8 million students, delivering essential educational content, tools and general merchandise within a dynamic omnichannel retail environment. </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The strengths of our business include our ability to compete by developing new products and solutions to meet market needs, our large operating footprint with direct access to students and faculty, our well-established, deep relationships with academic partners and stable, long-term contracts and our well-recognized brands. We provide product and service offerings designed to address the most pressing issues in higher education, including equitable access, enhanced convenience and improved affordability through innovative course material delivery models designed to drive improved student experiences and outcomes. We offer our </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">BNC First Day</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">® </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">equitable and inclusive access programs, consisting of </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">First Day</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Complete </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">First Day</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, which provide faculty required course materials on or before the first day of class. These programs have allowed us to reverse historical long-term trends in course materials revenue declines, which has been observed at those schools where such programs have been adopted, and improve predictability of our future results. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">BNC First Day Equitable and Inclusive Access Programs </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">discussion below</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We expect to continue to introduce scalable and advanced solutions focused largely on the student and customer experience, expand our e-commerce capabilities and accelerate such capabilities through our service providers, Fanatics Retail Group Fulfillment, LLC (“Fanatics”) and Fanatics Lids College, Inc. D/B/A “Lids” (“Lids”) (collectively referred to herein as the “F/L Relationship”), win new accounts, and expand our revenue opportunities through strategic relationships. We expect gross comparable store general merchandise sales to increase over the long term, as our product assortments continue to emphasize and reflect changing consumer trends, and we evolve our presentation concepts and merchandising of products in stores and online, which we expect to be further enhanced and accelerated through the F/L Relationship. Fanatics and Lids, acting on our behalf as our service providers, provide unparalleled product assortment, e-commerce capabilities and powerful digital marketing tools to drive increased value for customers and accelerate growth of our logo general merchandise business. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Relationship with Fanatics and Lids </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">discussion below</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Barnes &amp; Noble</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> brand (licensed from our former parent) along with our subsidiary brands, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">BNC </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">MBS,</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> are synonymous with innovation in bookselling and campus retailing, and are widely recognized and respected brands in the United States. Our large college footprint, reputation, and credibility in the marketplace not only support our marketing efforts to universities, students, and faculty, but are also important to our relationship with leading publishers who rely on us as one of their primary distribution channels. </span></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">BNC First Day Equitable and Inclusive Access Programs</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We provide product and service offerings designed to address the most pressing issues in higher education, including equitable access, enhanced convenience and improved affordability through innovative course material delivery models designed to drive improved student experiences and outcomes. We offer our </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">BNC First Day</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">® </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">equitable and inclusive access programs, consisting of </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">First Day</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Complete </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">First Day</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, which provide faculty required course materials on or before the first day of class. During the 52 weeks ended April 27, 2024, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">BNC First Day</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> total revenue increased by $127,211, or 37%, to $473,863 compared to $346,652 during the prior year period. </span></div><div style="margin-top:6pt;padding-left:27pt;text-align:justify;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:5.5pt">First Day Complete</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> is adopted by an institution and includes all or the majority of undergraduate classes (and on occasion graduate classes), providing students both physical and digital materials. The </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">First Day Complete</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> model drives substantially greater unit sales and sell-through for the bookstore. In the Spring of 2024, 160 campus stores are utilizing </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">First Day</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-style:italic;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">®</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> Complete</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> representing enrollment of nearly 805,000 undergraduate and post graduate students (as reported by National Center for Education Statistics as of October 26, 2023), an increase of approximately 39% compared to Spring of 2023. During the 52 weeks ended April 27, 2024, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">First Day Complete</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> sales increased by $94,948, or 48.0%, to $292,704 as compared to $197,756 in the prior year period. </span></div><div style="margin-top:6pt;padding-left:27pt;text-align:justify;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:5.5pt">First Day</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> is adopted by a faculty member for a single course, and students receive primarily digital course materials through their school's learning management system ("LMS"). During the 52 weeks ended April 27, 2024, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">First Day</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> sales increased by $32,263, or 21.7%, to 181,159 as compared to $148,896 in the prior year period.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Offering course materials through our equitable and inclusive access </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">First Day Complete </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">First Day</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> models is an important strategic initiative of ours to meet the market demands of substantially reduced pricing to students, as well as the opportunity to improve student outcomes, while, at the same time, increasing our market share, revenue and relative gross profits of course material sales given the higher volumes of units sold in such models as compared to historical sales models that rely on individual student marketing and sales. These programs have allowed us to reverse historical long-term trends in course materials revenue declines, which has been observed at those schools where such programs have been adopted, and improve predictability of our future results. In Fiscal 2024, the growth of our </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">BNC First Day</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> programs offset the declines in a la carte courseware sales and closed store sales. We are moving quickly to accelerate our </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">First Day Complete</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> strategy. Many institutions adopted </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">First Day Complete</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> in Fiscal 2024, and we plan to continue to scale the number of schools adopting </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">First Day Complete</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> in Fiscal 2025 and beyond. </span></div><div style="margin-bottom:5pt;margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Relationship with Fanatics and Lids </span></div><div style="margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">In December 2020, we entered into the F/L Relationship. Fanatics and Lids, acting on our behalf as our service providers, provide unparalleled product assortment, e-commerce capabilities and powerful digital marketing tools to drive increased value for customers and accelerate growth of our logo general merchandise business. Fanatics operates as our service provider, including processing consumer personal information on our behalf, using their cutting-edge e-commerce and technology expertise to offer our campus store websites expanded product selection, a world-class online and mobile experience, and a progressive direct-to-consumer platform. Coupled with Lids, the leading standalone brick and mortar retailer focused exclusively on licensed fan and alumni products, our campus stores have improved access to trend and sales performance data on licensees, product styles, and design treatments. </span></div><div style="margin-top:3pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We maintain our relationships with campus partners and remain responsible for staffing and managing the day-to-day operations of our campus bookstores. We also work closely with our campus partners to ensure that each campus store maintains unique aspects of in-store merchandising, including localized product assortments and specific styles and designs that reflect each campus’s brand. We leverage Fanatics’ e-commerce technology and expertise for the operational management of the emblematic merchandise and gift sections of our campus store websites. Lids manages in-store assortment planning and merchandising of emblematic apparel, headwear, and gift products for our partner campus stores, and Lids owns the inventory it manages, relieving us of the obligation to finance inventory purchases from working capital.</span></div>
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37960000 usd
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4405000 usd
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8851000 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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2352000 usd
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CY2024 us-gaap Deferred Income Tax Expense Benefit
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53628000 usd
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65471000 usd
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124672000 usd
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CY2023Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2024Q2 us-gaap Deferred Income Tax Liabilities
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CY2023Q2 us-gaap Deferred Income Tax Liabilities
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CY2024 us-gaap Revenues
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CY2024Q1 us-gaap Gross Profit
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CY2024 us-gaap Gross Profit
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WeightedAverageNumberOfDilutedSharesOutstanding
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WeightedAverageNumberOfDilutedSharesOutstanding
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WeightedAverageNumberOfDilutedSharesOutstanding
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OtherNonrecurringExpense
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InterestIncomeExpenseNet
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InterestIncomeExpenseNet
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CY2022Q3 us-gaap Revenues
Revenues
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GrossProfit
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GrossProfit
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GrossProfit
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IncomeLossFromContinuingOperations
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IncomeLossFromContinuingOperations
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IncomeLossFromContinuingOperations
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IncomeLossFromContinuingOperations
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IncomeLossFromContinuingOperations
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CY2022Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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NetIncomeLoss
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NetIncomeLoss
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NetIncomeLoss
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NetIncomeLoss
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NetIncomeLoss
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IncomeLossFromContinuingOperationsPerBasicShare
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CY2022Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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CY2023Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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CY2023Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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CY2022Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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CY2022Q4 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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CY2022Q3 us-gaap Earnings Per Share Basic
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CY2023Q2 us-gaap Earnings Per Share Basic
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CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2022Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2022Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2022Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2023Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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8.37
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CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-38.61
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2624000 shares
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2645000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2646000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2646000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2638000 shares
CY2022Q3 us-gaap Restructuring Charges
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RestructuringCharges
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RestructuringCharges
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RestructuringCharges
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CY2022Q3 us-gaap Other Nonrecurring Expense
OtherNonrecurringExpense
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CY2022Q4 us-gaap Other Nonrecurring Expense
OtherNonrecurringExpense
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CY2023Q2 us-gaap Other Nonrecurring Expense
OtherNonrecurringExpense
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InterestIncomeExpenseNet
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InterestIncomeExpenseNet
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InterestIncomeExpenseNet
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InterestIncomeExpenseNet
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CY2023 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2024Q2 bned Rights Offering Bonus Element
RightsOfferingBonusElement
5.03 shares
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000000 shares

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