2024 Q2 Form 10-Q Financial Statement
#000136495424000042 Filed on April 29, 2024
Income Statement
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
|---|---|---|---|
| Revenue | $163.1M | $174.4M | $187.6M |
| YoY Change | -10.78% | -7.06% | -7.24% |
| Cost Of Revenue | $45.41M | $46.50M | $49.15M |
| YoY Change | -4.22% | -5.4% | -10.77% |
| Gross Profit | $117.7M | $127.9M | $138.5M |
| YoY Change | -13.07% | -7.65% | -5.92% |
| Gross Profit Margin | 72.17% | 73.33% | 73.8% |
| Selling, General & Admin | $77.56M | $85.91M | $95.99M |
| YoY Change | -23.41% | -10.5% | 7.41% |
| % of Gross Profit | 65.88% | 67.19% | 69.33% |
| Research & Development | $43.65M | $44.44M | $46.91M |
| YoY Change | -17.44% | -5.27% | -10.51% |
| % of Gross Profit | 37.08% | 34.75% | 33.88% |
| Depreciation & Amortization | $19.71M | $19.69M | $25.54M |
| YoY Change | -25.59% | -22.93% | 17.14% |
| % of Gross Profit | 16.74% | 15.4% | 18.45% |
| Operating Expenses | $602.7M | $130.3M | $142.9M |
| YoY Change | 291.04% | -8.78% | 0.79% |
| Operating Profit | -$485.0M | -$2.491M | -$4.446M |
| YoY Change | 2494.18% | -43.97% | -182.7% |
| Interest Expense | -$651.0K | -$650.0K | $11.26M |
| YoY Change | -106.82% | -105.77% | 662.56% |
| % of Operating Profit | |||
| Other Income/Expense, Net | $6.468M | $10.78M | $10.81M |
| YoY Change | -2048.19% | -0.26% | 135.83% |
| Pretax Income | -$478.5M | $7.639M | $6.362M |
| YoY Change | -1180.39% | 20.07% | -36.12% |
| Income Tax | $138.3M | $9.059M | $4.176M |
| % Of Pretax Income | 118.59% | 65.64% | |
| Net Earnings | -$616.9M | -$1.420M | $2.186M |
| YoY Change | -2606.44% | -164.96% | -61.93% |
| Net Earnings / Revenue | -378.12% | -0.81% | 1.17% |
| Basic Earnings Per Share | -$6.01 | -$0.01 | $0.02 |
| Diluted Earnings Per Share | -$6.01 | -$0.01 | $0.02 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 102.2M shares | 102.9M shares | 126.6M shares |
| Diluted Shares Outstanding | 102.6M shares | 102.3M shares | 124.3M shares |
Balance Sheet
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $345.5M | $390.8M | $559.2M |
| YoY Change | -10.28% | -30.12% | -52.74% |
| Cash & Equivalents | $133.1M | $96.75M | $281.3M |
| Short-Term Investments | $212.4M | $247.0M | $277.9M |
| Other Short-Term Assets | $36.28M | $50.44M | $30.83M |
| YoY Change | -11.5% | 63.59% | 110.16% |
| Inventory | |||
| Prepaid Expenses | $30.84M | $20.43M | $25.49M |
| Receivables | $20.96M | $24.74M | $22.00M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $433.5M | $465.9M | $637.5M |
| YoY Change | -2.95% | -26.91% | -48.86% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $179.3M | $212.0M | $201.3M |
| YoY Change | -20.88% | 5.29% | 7.22% |
| Goodwill | $189.8M | $628.8M | $622.7M |
| YoY Change | -69.86% | 0.98% | -2.9% |
| Intangibles | $12.85M | $48.14M | $73.09M |
| YoY Change | -81.0% | -34.13% | -28.83% |
| Long-Term Investments | $259.9M | $221.7M | $613.9M |
| YoY Change | -38.52% | -63.89% | 40.98% |
| Other Assets | $15.17M | $156.2M | $19.82M |
| YoY Change | -91.35% | 687.74% | 3.35% |
| Total Long-Term Assets | $680.8M | $1.267B | $1.724B |
| YoY Change | -55.27% | -26.54% | 21.79% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $433.5M | $465.9M | $637.5M |
| Total Long-Term Assets | $680.8M | $1.267B | $1.724B |
| Total Assets | $1.114B | $1.733B | $2.362B |
| YoY Change | -43.39% | -26.64% | -11.29% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $14.42M | $20.12M | $13.06M |
| YoY Change | 11.35% | 54.07% | 36.75% |
| Accrued Expenses | $68.00M | $73.56M | $68.03M |
| YoY Change | -11.29% | 8.13% | -20.37% |
| Deferred Revenue | $45.02M | $54.06M | $58.57M |
| YoY Change | -15.37% | -7.7% | -3.13% |
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $357.8M | $357.5M | |
| YoY Change | |||
| Total Short-Term Liabilities | $485.3M | $505.2M | $139.7M |
| YoY Change | 239.81% | 261.75% | -10.15% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $243.1M | $242.9M | $1.190B |
| YoY Change | -68.31% | -79.58% | -29.17% |
| Other Long-Term Liabilities | $4.870M | $21.06M | $2.662M |
| YoY Change | -79.43% | 691.25% | -59.22% |
| Total Long-Term Liabilities | $263.5M | $264.0M | $1.215B |
| YoY Change | -66.67% | -78.28% | -28.44% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $485.3M | $505.2M | $139.7M |
| Total Long-Term Liabilities | $263.5M | $264.0M | $1.215B |
| Total Liabilities | $748.8M | $769.2M | $1.355B |
| YoY Change | -19.79% | -43.24% | -26.91% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$670.7M | -$53.79M | -$68.37M |
| YoY Change | 1432.8% | -21.32% | -79.37% |
| Common Stock | $1.076B | $1.058B | $1.120B |
| YoY Change | -4.09% | -5.58% | -4.79% |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $365.5M | $963.5M | $1.007B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.114B | $1.733B | $2.362B |
| YoY Change | -43.39% | -26.64% | -11.29% |
Cashflow Statement
| Concept | 2024 Q2 | 2024 Q1 | 2023 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$616.9M | -$1.420M | $2.186M |
| YoY Change | -2606.44% | -164.96% | -61.93% |
| Depreciation, Depletion And Amortization | $19.71M | $19.69M | $25.54M |
| YoY Change | -25.59% | -22.93% | 17.14% |
| Cash From Operating Activities | $14.23M | $53.32M | $73.16M |
| YoY Change | -77.33% | -27.12% | -8.59% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $17.80M | $28.02M | $17.17M |
| YoY Change | 6.6% | 63.21% | -41.88% |
| Acquisitions | $0.00 | ||
| YoY Change | -100.0% | ||
| Other Investing Activities | -$5.482M | -$12.80M | -$89.61M |
| YoY Change | -102.17% | -85.72% | -72.83% |
| Cash From Investing Activities | -$23.28M | -$40.81M | -$106.8M |
| YoY Change | -109.86% | -61.78% | -70.59% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -1.341M | -4.294M | -$158.9M |
| YoY Change | -99.67% | -97.3% | -48.32% |
| NET CHANGE | |||
| Cash From Operating Activities | 14.23M | 53.32M | $73.16M |
| Cash From Investing Activities | -23.28M | -40.81M | -$106.8M |
| Cash From Financing Activities | -1.341M | -4.294M | -$158.9M |
| Net Change In Cash | -10.40M | 8.210M | -$192.3M |
| YoY Change | -90.19% | -104.27% | -67.17% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $14.23M | $53.32M | $73.16M |
| Capital Expenditures | $17.80M | $28.02M | $17.17M |
| Free Cash Flow | -$3.573M | $25.30M | $55.99M |
| YoY Change | -107.76% | -54.81% | 10.87% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2024Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
101569933 | shares |
| CY2024Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
101569933 | shares |
| CY2023Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
49150000 | usd |
| CY2024Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
46497000 | usd |
| CY2024Q1 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment |
| CY2024Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | segment |
| CY2024Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2024Q1 | us-gaap |
Gross Profit
GrossProfit
|
127853000 | usd |
| CY2023Q1 | us-gaap |
Gross Profit
GrossProfit
|
138451000 | usd |
| CY2024Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
44435000 | usd |
| CY2023Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
46907000 | usd |
| CY2024Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
30375000 | usd |
| CY2023Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
37017000 | usd |
| CY2024Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
55534000 | usd |
| CY2023Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
58973000 | usd |
| CY2024Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
130344000 | usd |
| CY2023Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
142897000 | usd |
| CY2024Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2491000 | usd |
| CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-4446000 | usd |
| CY2024Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-650000 | usd |
| CY2023Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-1268000 | usd |
| CY2024Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
10780000 | usd |
| CY2023Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
12076000 | usd |
| CY2024Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
10130000 | usd |
| CY2023Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
10808000 | usd |
| CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
7639000 | usd |
| CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
6362000 | usd |
| CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
9059000 | usd |
| CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4176000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1420000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2186000 | usd |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.02 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.02 | |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
102343000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
123710000 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
102343000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
124304000 | shares |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1420000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2186000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-1970000 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
3812000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-3963000 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
8338000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-5933000 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
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| CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-7353000 | usd |
| CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
14336000 | usd |
| CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
944618000 | usd |
| CY2024Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
114000 | usd |
| CY2024Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
-4293000 | usd |
| CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
30616000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-5933000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1420000 | usd |
| CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
963474000 | usd |
| CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1116589000 | usd |
| CY2023Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
151311000 | usd |
| CY2023Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
144000 | usd |
| CY2023Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
-7735000 | usd |
| CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
34736000 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
12150000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2186000 | usd |
| CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1006759000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1420000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2186000 | usd |
| CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
29289000 | usd |
| CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
33746000 | usd |
| CY2024Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
19687000 | usd |
| CY2023Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
25543000 | usd |
| CY2024Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
2877000 | usd |
| CY2023Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
3441000 | usd |
| CY2024Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1567000 | usd |
| CY2023Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1496000 | usd |
| CY2024Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
541000 | usd |
| CY2023Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1057000 | usd |
| CY2024Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-478000 | usd |
| CY2023Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-120000 | usd |
| CY2024Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
31000 | usd |
| CY2023Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
5000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-6705000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-1578000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-3583000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-8485000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
1270000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-2803000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-6589000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-336000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-1159000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
2012000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
640000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-2569000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-1580000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-6397000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
53318000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
73160000 | usd |
| CY2024Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
28017000 | usd |
| CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
17166000 | usd |
| CY2024Q1 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
79028000 | usd |
| CY2023Q1 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
497372000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
50731000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
407759000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
|
15500000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
|
0 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-40814000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-106779000 | usd |
| CY2024Q1 | chgg |
Proceeds From Issuance Of Employee Stock Purchase Plan
ProceedsFromIssuanceOfEmployeeStockPurchasePlan
|
0 | usd |
| CY2023Q1 | chgg |
Proceeds From Issuance Of Employee Stock Purchase Plan
ProceedsFromIssuanceOfEmployeeStockPurchasePlan
|
145000 | usd |
| CY2024Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
4294000 | usd |
| CY2023Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
7736000 | usd |
| CY2024Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd |
| CY2023Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
151311000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-4294000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-158902000 | usd |
| CY2024Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-226000 | usd |
| CY2023Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
187000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
7984000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-192334000 | usd |
| CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
137976000 | usd |
| CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
475854000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
145960000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
283520000 | usd |
| CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
224000 | usd |
| CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
437000 | usd |
| CY2024Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
641000 | usd |
| CY2023Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
2017000 | usd |
| CY2024Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
2216000 | usd |
| CY2023Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
2866000 | usd |
| CY2024Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | usd |
| CY2023Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
12407000 | usd |
| CY2024Q1 | us-gaap |
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
|
6302000 | usd |
| CY2023Q1 | us-gaap |
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
|
3941000 | usd |
| CY2024Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
143747000 | usd |
| CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
281302000 | usd |
| CY2024Q1 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
224000 | usd |
| CY2023Q1 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
63000 | usd |
| CY2024Q1 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
1989000 | usd |
| CY2023Q1 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
2155000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
145960000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
283520000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-1300000 | usd |
| CY2024Q1 | chgg |
Increase Decrease In Contract With Customer Liability Percent
IncreaseDecreaseInContractWithCustomerLiabilityPercent
|
-0.02 | |
| CY2024Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="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%">Use of Estimates</span></div>The preparation of financial statements in conformity with GAAP requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities; the disclosure of contingent liabilities at the date of the financial statements; and the reported amounts of revenues and expenses during the reporting periods. We base our estimates on historical experience, knowledge of current business conditions, and various other factors we believe to be reasonable under the circumstances. These estimates are based on management’s knowledge about current events and expectations about actions we may undertake in the future. Actual results could differ from these estimates, and such differences could be material to our financial position and results of operations. | |
| CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
174350000 | usd |
| CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
187601000 | usd |
| CY2024Q1 | chgg |
Revenue From Contract With Customer Including Assessed Tax Increase Decrease
RevenueFromContractWithCustomerIncludingAssessedTaxIncreaseDecrease
|
-13251000 | usd |
| CY2024Q1 | chgg |
Revenue From Contract With Customer Including Assessed Tax Increase Decrease Percent
RevenueFromContractWithCustomerIncludingAssessedTaxIncreaseDecreasePercent
|
-0.07 | |
| CY2024Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
37500000 | usd |
| CY2023Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
39100000 | usd |
| CY2024Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
24741000 | usd |
| CY2023Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
31404000 | usd |
| CY2024Q1 | chgg |
Increase Decrease In Accounts Receivable Net
IncreaseDecreaseInAccountsReceivableNet
|
-6663000 | usd |
| CY2024Q1 | chgg |
Increase Decrease In Accounts Receivable Percent
IncreaseDecreaseInAccountsReceivablePercent
|
-0.21 | |
| CY2024Q1 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
7973000 | usd |
| CY2023Q4 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
8598000 | usd |
| CY2024Q1 | chgg |
Increase Decrease In Contract With Customer Assets
IncreaseDecreaseInContractWithCustomerAssets
|
-625000 | usd |
| CY2024Q1 | chgg |
Increase Decrease In Contract With Customer Assets Percent
IncreaseDecreaseInContractWithCustomerAssetsPercent
|
-0.07 | |
| CY2024Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
54056000 | usd |
| CY2023Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
55336000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-1280000 | usd |
| CY2024Q1 | chgg |
Increase Decrease In Contract With Customer Liability Percent
IncreaseDecreaseInContractWithCustomerLiabilityPercent
|
-0.02 | |
| CY2024Q1 | chgg |
Increase Decrease In Accounts Receivable Net
IncreaseDecreaseInAccountsReceivableNet
|
-6700000 | usd |
| CY2024Q1 | chgg |
Increase Decrease In Accounts Receivable Percent
IncreaseDecreaseInAccountsReceivablePercent
|
-0.21 | |
| CY2024Q1 | chgg |
Increase Decrease In Contract With Customer Assets
IncreaseDecreaseInContractWithCustomerAssets
|
-600000 | usd |
| CY2024Q1 | chgg |
Increase Decrease In Contract With Customer Assets Percent
IncreaseDecreaseInContractWithCustomerAssetsPercent
|
-0.07 | |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1420000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2186000 | usd |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
102343000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
123710000 | shares |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.02 | |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1420000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2186000 | usd |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
102343000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
123710000 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
102343000 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
124304000 | shares |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.02 | |
| CY2024Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
16226000 | shares |
| CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
24509000 | shares |
| CY2024Q1 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
|
247976000 | usd |
| CY2024Q1 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
|
247013000 | usd |
| CY2024Q1 | chgg |
Available For Sale Securities Debt Maturities Year One Through Three Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesYearOneThroughThreeAmortizedCostBasis
|
222409000 | usd |
| CY2024Q1 | chgg |
Available For Sale Securities Debt Maturities Year One Through Three Fair Value
AvailableForSaleSecuritiesDebtMaturitiesYearOneThroughThreeFairValue
|
221665000 | usd |
| CY2024Q1 | us-gaap |
Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
|
96751000 | usd |
| CY2024Q1 | us-gaap |
Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
|
96751000 | usd |
| CY2024Q1 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
567136000 | usd |
| CY2024Q1 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
565429000 | usd |
| CY2024Q1 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
7000000 | usd |
| CY2024Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
29289000 | usd |
| CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
33746000 | usd |
| CY2024Q1 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
1300000 | usd |
| CY2023Q1 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
1000000 | usd |
| CY2024Q1 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
| CY2024Q1 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
| CY2024Q1 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
| CY2024Q1 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |
