2022 Q3 Form 10-Q Financial Statement

#000003406722000101 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $174.5M $165.8M $71.84M
YoY Change 159.72% 153.42% 25.79%
Cost Of Revenue $123.1M $113.7M $58.91M
YoY Change 143.75% 134.66% 31.2%
Gross Profit $51.34M $52.10M $12.93M
YoY Change 208.11% 206.99% 6.14%
Gross Profit Margin 29.43% 31.42% 18.0%
Selling, General & Admin $30.54M $29.36M $16.28M
YoY Change 99.45% 109.5% 30.26%
% of Gross Profit 59.5% 56.36% 125.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.93M $16.47M $3.471M
YoY Change 254.63% 427.92% 22.65%
% of Gross Profit 21.28% 31.61% 26.84%
Operating Expenses $37.94M $42.17M $16.85M
YoY Change 144.36% 194.81% 30.62%
Operating Profit $13.40M $9.932M -$3.916M
YoY Change 1078.63% 272.26% 448.46%
Interest Expense $1.771M $1.263M -$74.00K
YoY Change 12550.0% 1459.26% -63.0%
% of Operating Profit 13.22% 12.72%
Other Income/Expense, Net $120.0K $54.00K -$152.0K
YoY Change -160.61% -50.0% 52.0%
Pretax Income $11.75M $8.723M -$5.723M
YoY Change 1170.27% 223.67% 420.27%
Income Tax $3.537M $2.264M -$2.154M
% Of Pretax Income 30.1% 25.95%
Net Earnings $6.717M $5.552M -$2.761M
YoY Change 1566.75% 222.04% 197.84%
Net Earnings / Revenue 3.85% 3.35% -3.84%
Basic Earnings Per Share $0.46 $0.20
Diluted Earnings Per Share $0.46 $0.20 -$147.5K
COMMON SHARES
Basic Shares Outstanding 19.53M shares 19.37M shares 18.72M shares
Diluted Shares Outstanding 19.38M shares 19.37M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.49M $11.82M $30.81M
YoY Change -89.84% -93.48% -42.84%
Cash & Equivalents $18.49M $11.82M $30.81M
Short-Term Investments $0.00
Other Short-Term Assets $9.977M $11.89M $12.24M
YoY Change 0.03% 12.39% 126.67%
Inventory $152.6M $152.0M $124.2M
Prepaid Expenses
Receivables $94.19M $93.00M $71.93M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $275.2M $268.7M $239.2M
YoY Change -6.21% -9.63% 66.91%
LONG-TERM ASSETS
Property, Plant & Equipment $123.3M $124.8M $122.1M
YoY Change 17.27% 18.22% 11.58%
Goodwill $139.9M $135.5M $141.3M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $97.03M $98.08M $99.37M
YoY Change 221.1% 328.41% 432.02%
Total Long-Term Assets $589.9M $594.8M $625.2M
YoY Change 312.71% 334.28% 358.59%
TOTAL ASSETS
Total Short-Term Assets $275.2M $268.7M $239.2M
Total Long-Term Assets $589.9M $594.8M $625.2M
Total Assets $865.1M $863.6M $864.4M
YoY Change 98.25% 98.82% 209.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $41.57M $45.18M $40.28M
YoY Change 70.13% 79.84% 129.18%
Accrued Expenses $9.575M $9.818M $13.59M
YoY Change 28.37% 46.49% 156.27%
Deferred Revenue $30.03M $33.20M $21.05M
YoY Change 207.72% 225.89% 327.19%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $15.00M $15.00M $15.00M
YoY Change 380.0%
Total Short-Term Liabilities $121.9M $121.4M $105.8M
YoY Change 103.23% 105.05% 124.62%
LONG-TERM LIABILITIES
Long-Term Debt $121.4M $125.0M $132.4M
YoY Change 1527.04%
Other Long-Term Liabilities $62.63M $62.86M $66.25M
YoY Change 107.96% 124.93% 162.58%
Total Long-Term Liabilities $184.0M $187.9M $198.7M
YoY Change 511.12% 572.28% 495.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $121.9M $121.4M $105.8M
Total Long-Term Liabilities $184.0M $187.9M $198.7M
Total Liabilities $307.5M $311.3M $306.7M
YoY Change 236.15% 252.52% 270.71%
SHAREHOLDERS EQUITY
Retained Earnings $115.0M $106.0M $111.0M
YoY Change -2.71% -9.99% -4.0%
Common Stock $1.007M $1.006M $996.0K
YoY Change 4.35% 4.25% 25.13%
Preferred Stock
YoY Change
Treasury Stock (at cost) $20.57M $20.57M $19.48M
YoY Change 5.65% 16.48% 39.49%
Treasury Stock Shares 597.8K shares 570.4K shares
Shareholders Equity $362.7M $355.1M $360.5M
YoY Change
Total Liabilities & Shareholders Equity $865.1M $863.6M $864.4M
YoY Change 98.25% 98.82% 209.11%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $6.717M $5.552M -$2.761M
YoY Change 1566.75% 222.04% 197.84%
Depreciation, Depletion And Amortization $10.93M $16.47M $3.471M
YoY Change 254.63% 427.92% 22.65%
Cash From Operating Activities $21.80M $7.120M -$10.91M
YoY Change 429.74% -186.82% -221.04%
INVESTING ACTIVITIES
Capital Expenditures -$4.958M -$4.783M -$2.311M
YoY Change 60.14% 154.14% -44.58%
Acquisitions
YoY Change
Other Investing Activities -$2.674M $640.0K -$141.0M
YoY Change -17926.67% -100.52% 448.14%
Cash From Investing Activities -$7.632M -$4.143M -$143.3M
YoY Change 147.71% -96.69% 379.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.044M -6.435M 147.8M
YoY Change 28076.0% -105.2% 506.88%
NET CHANGE
Cash From Operating Activities 21.80M 7.120M -10.91M
Cash From Investing Activities -7.632M -4.143M -143.3M
Cash From Financing Activities -7.044M -6.435M 147.8M
Net Change In Cash 7.123M -3.458M -6.363M
YoY Change 605.95% -64.2% -283.37%
FREE CASH FLOW
Cash From Operating Activities $21.80M $7.120M -$10.91M
Capital Expenditures -$4.958M -$4.783M -$2.311M
Free Cash Flow $26.76M $11.90M -$8.595M
YoY Change 271.06% -288.37% -165.21%

Facts In Submission

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2695000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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3580000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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2244000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
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2264000 usd
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us-gaap Income Tax Expense Benefit
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CY2022Q2 us-gaap Profit Loss
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6459000 usd
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ProfitLoss
1724000 usd
us-gaap Profit Loss
ProfitLoss
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CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2021Q2 us-gaap Net Income Loss
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NetIncomeLoss
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19338049 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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19338049 shares
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CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
5552000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
1724000 usd
us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q2 boom Adjustments To Redeemable Noncontrolling Interest
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CY2021Q2 boom Adjustments To Redeemable Noncontrolling Interest
AdjustmentsToRedeemableNoncontrollingInterest
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AdjustmentsToRedeemableNoncontrollingInterest
7252000 usd
boom Adjustments To Redeemable Noncontrolling Interest
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4017000 usd
CY2021Q2 boom Net Income Loss Attributable To Parent Net Of Adjustment Of Redeemable Noncontrolling Interest
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1724000 usd
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2156000 usd
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ProfitLoss
6459000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
2179000 usd
us-gaap Profit Loss
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473000 usd
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3872000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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2197000 usd
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662000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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2965000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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ComprehensiveIncomeNetOfTax
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ComprehensiveIncomeNetOfTax
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CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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158000 usd
CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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2600000 usd
CY2022Q2 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
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197196000 usd
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197196000 usd
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2264000 usd
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427000 usd
us-gaap Minority Interest Change In Redemption Value
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7252000 usd
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260000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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7000000 usd
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197196000 usd
us-gaap Profit Loss
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2179000 usd
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2156000 usd
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7037000 usd
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5530000 usd
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25769000 usd
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612000 usd
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267000 usd
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112000 usd
boom Amortization Of Acquisition Related Inventory Valuation Step Up
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430000 usd
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us-gaap Share Based Compensation
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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283000 usd
us-gaap Restructuring Costs And Asset Impairment Charges
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45000 usd
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127000 usd
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22250000 usd
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11985000 usd
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29814000 usd
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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9076000 usd
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4955000 usd
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7476000 usd
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12389000 usd
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5345000 usd
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640000 usd
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2536000 usd
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4799000 usd
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6319000 usd
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3252000 usd
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1004000 usd
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us-gaap Repayments Of Long Term Lines Of Credit
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7500000 usd
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11750000 usd
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176000 usd
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7000000 usd
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253000 usd
us-gaap Payments For Repurchase Of Common Stock
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1094000 usd
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855000 usd
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8176000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30810000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28187000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11819000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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36363000 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
148000 usd
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
128000 usd
CY2022Q2 boom Accounts Receivable Credit Loss Expense Reversal Unrecorded
AccountsReceivableCreditLossExpenseReversalUnrecorded
975000 usd
CY2022Q2 boom Inventory Returned And Available For Sale
InventoryReturnedAndAvailableForSale
420000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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47000 usd
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2801000 usd
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5552000 usd
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1724000 usd
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NetIncomeLoss
2264000 usd
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2156000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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1535000 usd
CY2021Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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7252000 usd
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0 usd
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CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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17000 usd
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21000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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3957000 usd
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1707000 usd
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60000 usd
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17000 usd
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21000 usd
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60000 usd
CY2021Q2 boom Undistributed Earnings Loss Reallocatedto Participating Securities Diluted
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17000 usd
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21000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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3957000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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1707000 usd
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2135000 usd
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19374714 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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17554809 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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19338049 shares
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CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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17568444 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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19338049 shares
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022Q2 us-gaap Deferred Compensation Plan Assets
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CY2021Q4 us-gaap Deferred Compensation Plan Assets
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CY2021Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
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15944000 usd
CY2021Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
197196000 usd
CY2022Q2 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
1535000 usd
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
7252000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
65438000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
121096000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
1724000 usd
us-gaap Net Income Loss
NetIncomeLoss
2156000 usd
CY2022Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
38850000 usd
CY2022Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
39923000 usd
CY2022Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
73003000 usd
CY2022Q2 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
247000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
152023000 usd
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
35032000 usd
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
27916000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
60997000 usd
CY2021Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
269000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
124214000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
304125000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
74760000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
229365000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
307902000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
52326000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
255576000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
33202000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
21052000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
50030000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
52219000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6291000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6126000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
44749000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
47000000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
51040000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
53126000 usd
CY2022Q2 boom Lessee Operating Lease Number Of Leases
LesseeOperatingLeaseNumberOfLeases
8 lease
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
2774000 usd
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1039000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
5541000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
2010000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
165831000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
65438000 usd
CY2022Q2 us-gaap Line Of Credit
LineOfCredit
142500000 usd
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
150000000 usd
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2483000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2575000 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
140017000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
147425000 usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
15000000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
15000000 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
125017000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
132425000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
304547000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
121096000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8723000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2695000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3580000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2244000 usd
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16471000 usd
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3120000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32806000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6142000 usd
boom Share Based Payment Arrangement Expense Allocation Percentage Of Noncontrolling Owners
ShareBasedPaymentArrangementExpenseAllocationPercentageOfNoncontrollingOwners
0.40
CY2022Q1 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
4300000 usd

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