2023 Q1 Form 10-K Financial Statement

#000095017023004143 Filed on February 23, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $147.6M $142.2M $523.8M
YoY Change 22.59% 23.68% 26.12%
Cost Of Revenue $70.17M $54.31M $192.3M
YoY Change 63.95% 24.36% 15.96%
Gross Profit $77.47M $87.88M $331.5M
YoY Change -0.21% 23.27% 32.87%
Gross Profit Margin 52.47% 61.81% 63.29%
Selling, General & Admin $78.40M $90.92M $333.6M
YoY Change 2.02% 13.02% 29.73%
% of Gross Profit 101.2% 103.46% 100.63%
Research & Development $43.81M $42.84M $165.1M
YoY Change 15.42% 11.75% 21.95%
% of Gross Profit 56.55% 48.75% 49.82%
Depreciation & Amortization $5.511M $4.996M $18.50M
YoY Change 31.78% 17.58% 25.38%
% of Gross Profit 7.11% 5.69% 5.58%
Operating Expenses $116.5M $133.8M $508.9M
YoY Change 1.52% 12.61% 29.64%
Operating Profit -$39.08M -$45.88M -$177.4M
YoY Change 5.13% -3.4% 23.99%
Interest Expense $8.037M $5.671M $9.144M
YoY Change 2299.1% 5997.85%
% of Operating Profit
Other Income/Expense, Net $102.0K $173.0K -$2.401M
YoY Change -124.0% -282.11% 593.93%
Pretax Income -$30.94M -$50.18M -$170.6M
YoY Change -16.97% 5.66% 19.25%
Income Tax $1.426M $1.535M $4.720M
% Of Pretax Income
Net Earnings -$32.36M -$51.72M -$175.4M
YoY Change -15.43% 8.34% 20.76%
Net Earnings / Revenue -21.92% -36.37% -33.48%
Basic Earnings Per Share -$0.22 -$1.21
Diluted Earnings Per Share -$0.22 -$0.35 -$1.21
COMMON SHARES
Basic Shares Outstanding 149.6M 146.6M 145.3M
Diluted Shares Outstanding 149.0M shares 145.3M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $779.5M $780.5M $780.5M
YoY Change -0.12% -5.03% -5.03%
Cash & Equivalents $267.8M $320.8M $320.8M
Short-Term Investments $511.7M $459.7M $459.7M
Other Short-Term Assets $41.32M $41.78M $41.78M
YoY Change -4.58% 15.55% 15.55%
Inventory
Prepaid Expenses
Receivables $68.20M $53.73M $53.73M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $889.0M $876.0M $876.0M
YoY Change 1.26% -1.83% -1.83%
LONG-TERM ASSETS
Property, Plant & Equipment $26.81M $27.10M $36.70M
YoY Change 1.54% 9.59% -10.59%
Goodwill
YoY Change
Intangibles $8.470M $8.553M
YoY Change -12.71% -15.24%
Long-Term Investments
YoY Change
Other Assets $31.39M $26.36M $26.36M
YoY Change 99.42% 96.96% 70.67%
Total Long-Term Assets $75.08M $71.61M $71.61M
YoY Change 8.88% 7.55% 7.55%
TOTAL ASSETS
Total Short-Term Assets $889.0M $876.0M $876.0M
Total Long-Term Assets $75.08M $71.61M $71.61M
Total Assets $964.1M $947.6M $947.6M
YoY Change 1.82% -1.18% -1.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $93.23M $66.38M $66.38M
YoY Change 72.98% 34.89% 34.89%
Accrued Expenses $25.10M $29.82M $29.82M
YoY Change 4.18% 13.03% 13.03%
Deferred Revenue $130.9M $115.7M
YoY Change 22.53% 22.26%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $273.8M $242.4M $242.4M
YoY Change 34.34% 20.54% 20.54%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.730M $1.714M $10.58M
YoY Change 81.15% 206.62% -34.98%
Total Long-Term Liabilities $1.730M $1.714M $10.58M
YoY Change 81.15% 206.62% -34.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $273.8M $242.4M $242.4M
Total Long-Term Liabilities $1.730M $1.714M $10.58M
Total Liabilities $283.0M $253.0M $253.0M
YoY Change 29.73% 16.39% 16.39%
SHAREHOLDERS EQUITY
Retained Earnings -$696.5M -$664.1M
YoY Change 32.15% 35.88%
Common Stock $1.000K $1.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.701M $4.701M
YoY Change 0.0% 0.0%
Treasury Stock Shares $2.748M
Shareholders Equity $681.0M $694.6M $694.6M
YoY Change
Total Liabilities & Shareholders Equity $964.1M $947.6M $947.6M
YoY Change 1.82% -1.18% -1.18%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$32.36M -$51.72M -$175.4M
YoY Change -15.43% 8.34% 20.76%
Depreciation, Depletion And Amortization $5.511M $4.996M $18.50M
YoY Change 31.78% 17.58% 25.38%
Cash From Operating Activities $4.692M -$5.442M -$38.05M
YoY Change -112.26% -776.02% -2279.32%
INVESTING ACTIVITIES
Capital Expenditures $3.784M $2.491M $15.25M
YoY Change -182.96% -179.76% -202.85%
Acquisitions
YoY Change
Other Investing Activities -$46.76M -$96.13M -$218.8M
YoY Change -74.1% -57.61% 494.86%
Cash From Investing Activities -$50.54M -$98.62M -$234.0M
YoY Change -72.7% -57.1% 353.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$7.682M 85.00K 12.23M
YoY Change -290.76% -98.96% -97.78%
NET CHANGE
Cash From Operating Activities $4.692M -5.442M -38.05M
Cash From Investing Activities -$50.54M -98.62M -234.0M
Cash From Financing Activities -$7.682M 85.00K 12.23M
Net Change In Cash -$53.53M -104.0M -259.8M
YoY Change -75.6% -52.93% -151.94%
FREE CASH FLOW
Cash From Operating Activities $4.692M -$5.442M -$38.05M
Capital Expenditures $3.784M $2.491M $15.25M
Free Cash Flow $908.0K -$7.933M -$53.31M
YoY Change -102.69% -301.96% -421.54%

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CY2021 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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CY2021 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2021 cour Adjustments To Additional Paid In Capital Vesting Of Early Exercise Stock Options
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CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
96073000
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q4 us-gaap Stockholders Equity
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CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2022 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2022 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
116192000
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q4 us-gaap Stockholders Equity
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CY2022 us-gaap Profit Loss
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CY2021 us-gaap Profit Loss
ProfitLoss
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CY2020 us-gaap Profit Loss
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CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2022 us-gaap Share Based Compensation
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CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2020 us-gaap Share Based Compensation
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CY2022 us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
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CY2021 us-gaap Investment Income Net Amortization Of Discount And Premium
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CY2020 us-gaap Investment Income Net Amortization Of Discount And Premium
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CY2022 us-gaap Asset Impairment Charges
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CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2021 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2020 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Accounts Receivable
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CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2022 cour Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
4839000
CY2021 cour Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
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CY2020 cour Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
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CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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CY2020 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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CY2020 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
17845000
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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CY2021 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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CY2020 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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CY2022 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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CY2020 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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CY2022 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1578000
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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CY2020 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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CY2022 cour Payments To Capitalized Internal Use Software Costs
PaymentsToCapitalizedInternalUseSoftwareCosts
12299000
CY2021 cour Payments To Capitalized Internal Use Software Costs
PaymentsToCapitalizedInternalUseSoftwareCosts
12090000
CY2020 cour Payments To Capitalized Internal Use Software Costs
PaymentsToCapitalizedInternalUseSoftwareCosts
8819000
CY2022 cour Purchase Of Investment In Private Company
PurchaseOfInvestmentInPrivateCompany
0
CY2021 cour Purchase Of Investment In Private Company
PurchaseOfInvestmentInPrivateCompany
0
CY2020 cour Purchase Of Investment In Private Company
PurchaseOfInvestmentInPrivateCompany
1000000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-234024000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-51609000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-101442000
CY2022 us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
0
CY2021 us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
0
CY2020 us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
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CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
17586000
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
31766000
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
10118000
CY2022 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
6829000
CY2021 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
6397000
CY2020 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
0
CY2022 cour Proceeds From Exercise Of Unvested Options Net Of Repurchases
ProceedsFromExerciseOfUnvestedOptionsNetOfRepurchases
0
CY2021 cour Proceeds From Exercise Of Unvested Options Net Of Repurchases
ProceedsFromExerciseOfUnvestedOptionsNetOfRepurchases
0
CY2021 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
525284000
CY2020 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0
CY2022 cour Payment Of Deferred Offering Costs
PaymentOfDeferredOfferingCosts
295000
CY2021 cour Payment Of Deferred Offering Costs
PaymentOfDeferredOfferingCosts
6119000
CY2020 cour Payment Of Deferred Offering Costs
PaymentOfDeferredOfferingCosts
32000
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
11886000
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7172000
CY2020 cour Proceeds From Exercise Of Unvested Options Net Of Repurchases
ProceedsFromExerciseOfUnvestedOptionsNetOfRepurchases
84000
CY2022 cour Payment Of Holdback Consideration Related To Asset Acquisition
PaymentOfHoldbackConsiderationRelatedToAssetAcquisition
0
CY2021 cour Payment Of Holdback Consideration Related To Asset Acquisition
PaymentOfHoldbackConsiderationRelatedToAssetAcquisition
0
CY2020 cour Payment Of Holdback Consideration Related To Asset Acquisition
PaymentOfHoldbackConsiderationRelatedToAssetAcquisition
769000
CY2022 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12234000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
550156000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
139014000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-259841000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
500293000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
22581000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
582719000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
82426000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
59845000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
322878000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
582719000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
82426000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
320817000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
580658000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
79878000
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
487000
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
0
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
0
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1574000
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2061000
CY2020Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2548000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
322878000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
582719000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
82426000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
0
CY2021 us-gaap Interest Paid Net
InterestPaidNet
0
CY2020 us-gaap Interest Paid Net
InterestPaidNet
550000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4064000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2837000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1155000
CY2022 cour Share Based Compensation Capitalized As Internal Use Software
ShareBasedCompensationCapitalizedAsInternalUseSoftware
5407000
CY2021 cour Share Based Compensation Capitalized As Internal Use Software
ShareBasedCompensationCapitalizedAsInternalUseSoftware
4890000
CY2020 cour Share Based Compensation Capitalized As Internal Use Software
ShareBasedCompensationCapitalizedAsInternalUseSoftware
966000
CY2022 cour Issuance Of Common Stock In Connection With Content Asset
IssuanceOfCommonStockInConnectionWithContentAsset
0
CY2021 cour Issuance Of Common Stock In Connection With Content Asset
IssuanceOfCommonStockInConnectionWithContentAsset
0
CY2020 cour Issuance Of Common Stock In Connection With Content Asset
IssuanceOfCommonStockInConnectionWithContentAsset
3956000
CY2022 cour Unpaid Deferred Offering Costs
UnpaidDeferredOfferingCosts
0
CY2021 cour Unpaid Deferred Offering Costs
UnpaidDeferredOfferingCosts
295000
CY2020 cour Unpaid Deferred Offering Costs
UnpaidDeferredOfferingCosts
1297000
CY2021Q2 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
72802000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-910000
CY2021Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
12110000
CY2021Q1 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
745000
CY2022 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
2304000
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
53734000
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities and related disclosures as of the date of the consolidated financial statements, as well as the reported amounts of revenue and expenses during the reporting period. We base our estimates on historical experience, current conditions, and various other factors that we believe to be reasonable under the circumstances. Significant items subject to such estimates, judgements, and assumptions include, but are not limited to, those related to the determination of principal versus agent and variable consideration in our revenue contracts; stock-based compensation expense; period of benefit for capitalized commissions; internal-use software costs; useful lives of long-lived assets; the carrying value of operating lease right-of-use assets; the valuation of intangible assets and income tax expense, including the valuation of deferred tax assets and liabilities, among others. </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Actual results could differ from those estimates, and any such differences could be material to our consolidated financial statements.</span></p>
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
34396000
CY2021Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
40721000
CY2022Q4 us-gaap Other Liabilities And Deferred Revenue Noncurrent
OtherLiabilitiesAndDeferredRevenueNoncurrent
118777000
CY2022Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
6449000
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Concentration of Credit Risk</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Financial instruments that potentially subject us to concentration of credit risk consist of cash, cash equivalents, and marketable securities. We only invest in high-credit-quality instruments and maintain our cash equivalents and marketable securities in fixed-income securities. We place our cash primarily with domestic financial institutions that are federally insured within statutory limits.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">For purposes of assessing concentration of credit risk with respect to accounts receivable and significant customers, we treat a group of customers under common control or customers that are affiliates of each other as a single custo</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">mer. For the years ended December 31, 2022, 2021, and 2020, we did not have any customers that accounted for more than </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">10</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% of our revenue. As of December 31, 2022 and 2021, we did </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">no</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">t have any customers that accounted for more than </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">10</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% of our net accounts receivable </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">balance.</span></p>
CY2021Q4 us-gaap Other Liabilities And Deferred Revenue Noncurrent
OtherLiabilitiesAndDeferredRevenueNoncurrent
98488000
CY2021Q1 us-gaap Other Liabilities And Deferred Revenue Noncurrent
OtherLiabilitiesAndDeferredRevenueNoncurrent
80642000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
118777000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
98488000
CY2022Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
8397000
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
80642000
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
92806000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
39940000
CY2021 us-gaap Advertising Expense
AdvertisingExpense
28740000
CY2020 us-gaap Advertising Expense
AdvertisingExpense
21005000
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
45337000
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
22286000
CY2021Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
39976000
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
74775000
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
37906000
CY2021 cour Impairment Losses On Contract Assets
ImpairmentLossesOnContractAssets
0
CY2022 cour Impairment Losses On Contract Assets
ImpairmentLossesOnContractAssets
0
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
324009000
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.62
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2022 cour Commissions And Related Payroll Tax Expenditures
CommissionsAndRelatedPayrollTaxExpenditures
17766000
CY2021 cour Commissions And Related Payroll Tax Expenditures
CommissionsAndRelatedPayrollTaxExpenditures
14217000
CY2020 cour Commissions And Related Payroll Tax Expenditures
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11099000
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CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.28
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.80
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.80
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
41049851
CY2022Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
12592000
CY2022Q4 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
12770000
CY2022Q4 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
11690000
CY2022Q4 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
3925000
CY2022Q4 us-gaap Purchase Obligation
PurchaseObligation
40977000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
9047000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
57311000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
296635000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
50286000
CY2022 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
16803000
CY2022 cour Share Based Compensation Arrangement By Share Based Payment Award Fair Value Of Common Stock
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueOfCommonStock
12800
CY2021 cour Share Based Compensation Arrangement By Share Based Payment Award Fair Value Of Common Stock
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueOfCommonStock
29990
CY2020 cour Share Based Compensation Arrangement By Share Based Payment Award Fair Value Of Common Stock
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueOfCommonStock
10300
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.031
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.013
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.006
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y1M6D
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y2M12D
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y1M6D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.577
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.571
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.503
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
110785000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
91183000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16807000
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
29127000
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M24D
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
835000
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
821000
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
387000
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
968000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
18153195
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
23000872
CY2022Q4 cour Share Based Compensation Arrangement By Share Based Payment Award Rsus Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardRsusOutstanding
22773053
CY2021Q4 cour Share Based Compensation Arrangement By Share Based Payment Award Rsus Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardRsusOutstanding
7387288
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
8819998
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
16905525
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
49746246
CY2021Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
47293685
CY2022 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1791000
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
523756000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
415287000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
293511000
CY2022 cour Segment Gross Profit Loss
SegmentGrossProfitLoss
387767000
CY2021 cour Segment Gross Profit Loss
SegmentGrossProfitLoss
291434000
CY2020 cour Segment Gross Profit Loss
SegmentGrossProfitLoss
185299000
CY2022 cour Platform And Support Costs
PlatformAndSupportCosts
37471000
CY2021 cour Platform And Support Costs
PlatformAndSupportCosts
28014000
CY2020 cour Platform And Support Costs
PlatformAndSupportCosts
22833000
CY2022 cour Segment Share Based Compensation
SegmentShareBasedCompensation
3089000
CY2021 cour Segment Share Based Compensation
SegmentShareBasedCompensation
2092000
CY2020 cour Segment Share Based Compensation
SegmentShareBasedCompensation
516000
CY2022 cour Total Reconciliation Item Of Segment Gross Profit To Gross Profit
TotalReconciliationItemOfSegmentGrossProfitToGrossProfit
56288000
CY2021 cour Total Reconciliation Item Of Segment Gross Profit To Gross Profit
TotalReconciliationItemOfSegmentGrossProfitToGrossProfit
41965000
CY2020 cour Total Reconciliation Item Of Segment Gross Profit To Gross Profit
TotalReconciliationItemOfSegmentGrossProfitToGrossProfit
30634000
CY2022 us-gaap Gross Profit
GrossProfit
331479000
CY2021 us-gaap Gross Profit
GrossProfit
249469000
CY2020 us-gaap Gross Profit
GrossProfit
154665000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
523756000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
415287000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
293511000
CY2022 us-gaap Concentration Risk Benchmark Description
ConcentrationRiskBenchmarkDescription
No single country other than the United States represented 10% or more of our total revenue during the years ended December 31, 2022, 2021, and 2020.
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
36701000
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
41046000
CY2022 us-gaap Restructuring Charges
RestructuringCharges
10100000
CY2022 us-gaap Payments For Restructuring
PaymentsForRestructuring
4800000
CY2022Q4 cour Incremental Expense
IncrementalExpense
5100

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