2019 Q4 Form 10-Q Financial Statement
#000156459020004630 Filed on February 13, 2020
Income Statement
| Concept | 2019 Q4 | 2018 Q4 |
|---|---|---|
| Revenue | $77.71M | $72.48M |
| YoY Change | 7.2% | 16.99% |
| Cost Of Revenue | $25.93M | $24.21M |
| YoY Change | 7.12% | 24.15% |
| Gross Profit | $51.77M | $48.28M |
| YoY Change | 7.24% | 13.7% |
| Gross Profit Margin | 66.63% | 66.6% |
| Selling, General & Admin | $19.43M | $15.17M |
| YoY Change | 28.06% | 10.73% |
| % of Gross Profit | 37.52% | 31.42% |
| Research & Development | $23.51M | $23.81M |
| YoY Change | -1.26% | 38.59% |
| % of Gross Profit | 45.41% | 49.32% |
| Depreciation & Amortization | $7.400M | $7.300M |
| YoY Change | 1.37% | 43.14% |
| % of Gross Profit | 14.29% | 15.12% |
| Operating Expenses | $53.62M | $45.47M |
| YoY Change | 17.93% | 41.34% |
| Operating Profit | -$1.851M | $2.809M |
| YoY Change | -165.9% | -72.7% |
| Interest Expense | $6.798M | $0.00 |
| YoY Change | -100.0% | |
| % of Operating Profit | 0.0% | |
| Other Income/Expense, Net | -$146.0K | -$20.00K |
| YoY Change | 630.0% | |
| Pretax Income | -$8.514M | -$2.069M |
| YoY Change | 311.5% | -137.82% |
| Income Tax | $2.769M | $540.0K |
| % Of Pretax Income | ||
| Net Earnings | -$11.28M | $2.255M |
| YoY Change | -600.35% | -112.03% |
| Net Earnings / Revenue | -14.52% | 3.11% |
| Basic Earnings Per Share | -$0.31 | $0.06 |
| Diluted Earnings Per Share | -$0.31 | $0.06 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 36.00M | 36.39M |
| Diluted Shares Outstanding | 36.00M | 36.39M |
Balance Sheet
| Concept | 2019 Q4 | 2018 Q4 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $113.4M | |
| YoY Change | ||
| Cash & Equivalents | $113.4M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $19.60M | $7.300M |
| YoY Change | 168.49% | |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $87.90M | $73.90M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $220.9M | $81.20M |
| YoY Change | 172.04% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $24.07M | $12.20M |
| YoY Change | 97.3% | |
| Goodwill | $1.123B | |
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $13.65M | $93.70M |
| YoY Change | -85.43% | |
| Total Long-Term Assets | $1.441B | $1.302B |
| YoY Change | 10.69% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $220.9M | $81.20M |
| Total Long-Term Assets | $1.441B | $1.302B |
| Total Assets | $1.662B | $1.383B |
| YoY Change | 20.17% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $15.24M | $5.400M |
| YoY Change | 182.26% | |
| Accrued Expenses | $56.00M | $17.00M |
| YoY Change | 229.41% | |
| Deferred Revenue | $113.8M | |
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $9.396M | |
| YoY Change | ||
| Total Short-Term Liabilities | $194.5M | $108.1M |
| YoY Change | 79.9% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $239.0M | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $39.29M | $278.0M |
| YoY Change | -85.87% | |
| Total Long-Term Liabilities | $278.3M | $278.0M |
| YoY Change | 0.11% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $194.5M | $108.1M |
| Total Long-Term Liabilities | $278.3M | $278.0M |
| Total Liabilities | $735.7M | $386.1M |
| YoY Change | 90.55% | |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$11.76M | |
| YoY Change | ||
| Common Stock | $945.4M | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $926.7M | $999.2M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.662B | $1.383B |
| YoY Change | 20.17% |
Cashflow Statement
| Concept | 2019 Q4 | 2018 Q4 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$11.28M | $2.255M |
| YoY Change | -600.35% | -112.03% |
| Depreciation, Depletion And Amortization | $7.400M | $7.300M |
| YoY Change | 1.37% | 43.14% |
| Cash From Operating Activities | $9.456M | $16.70M |
| YoY Change | -43.38% | -14.8% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $3.612M | $498.0K |
| YoY Change | 625.3% | -127.67% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$3.612M | -$498.0K |
| YoY Change | 625.3% | -72.33% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $141.0K | |
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 107.4M | -16.20M |
| YoY Change | -762.88% | -8.98% |
| NET CHANGE | ||
| Cash From Operating Activities | 9.456M | 16.70M |
| Cash From Investing Activities | -3.612M | -498.0K |
| Cash From Financing Activities | 107.4M | -16.20M |
| Net Change In Cash | 113.4M | 0.000 |
| YoY Change | ||
| FREE CASH FLOW | ||
| Cash From Operating Activities | $9.456M | $16.70M |
| Capital Expenditures | $3.612M | $498.0K |
| Free Cash Flow | $5.844M | $16.20M |
| YoY Change | -63.93% | -24.29% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2018Q4 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
235000 | |
| CY2018Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
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| CY2018Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
2809000 | |
| CY2019Q4 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-146000 | |
| CY2019Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-8760000 | |
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Income Tax Expense Benefit
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|
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Net Income Loss
NetIncomeLoss
|
-11762000 | |
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Earnings Per Share Basic
EarningsPerShareBasic
|
-0.33 | |
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.33 | |
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Diluted Shares Outstanding
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35995355 | |
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Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
4904000 | |
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Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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|
-3707000 | |
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|
-926000 | |
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Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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Allowance For Doubtful Accounts Receivable Current
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Allowance For Doubtful Accounts Receivable Current
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Common Stock Par Or Stated Value Per Share
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Cash Equivalents At Carrying Value
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113396000 | |
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Property Plant And Equipment Net
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24070000 | |
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Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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20113000 | |
| CY2019Q4 | us-gaap |
Goodwill
Goodwill
|
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Finite Lived Intangible Assets Net
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|
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Deferred Income Tax Assets Net
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|
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Other Comprehensive Income Loss Net Of Tax
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| CY2019Q4 | crnc |
Distribution To Parent
DistributionToParent
|
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| CY2019Q4 | crnc |
Net Increase Decrease In Net Parent Investment
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|
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Stock Issued During Period Value Share Based Compensation
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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Stockholders Equity
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|
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Stockholders Equity
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Profit Loss
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Profit Loss
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| CY2019Q4 | us-gaap |
Depreciation And Amortization
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|
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Depreciation And Amortization
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Share Based Compensation
ShareBasedCompensation
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Share Based Compensation
ShareBasedCompensation
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Non Cash Interest Expense
NonCashInterestExpense
|
1332000 | |
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Deferred Income Tax Expense Benefit
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|
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Deferred Income Tax Expense Benefit
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|
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Increase Decrease In Accounts Receivable
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Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
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Increase Decrease In Deferred Charges
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Increase Decrease In Accounts Payable
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Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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| CY2018Q4 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
3371000 | |
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Net Cash Provided By Used In Operating Activities
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|
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| CY2018Q4 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
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| CY2019Q4 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
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Net Cash Provided By Used In Operating Activities
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|
16700000 | |
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Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3612000 | |
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Payments To Acquire Property Plant And Equipment
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|
498000 | |
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Net Cash Provided By Used In Investing Activities
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|
-3612000 | |
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Net Cash Provided By Used In Investing Activities
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|
-498000 | |
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Net Transaction With Parent
NetTransactionWithParent
|
-11384000 | |
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Net Transaction With Parent
NetTransactionWithParent
|
16202000 | |
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Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
152978000 | |
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Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
249705000 | |
| CY2019Q4 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
515000 | |
| CY2019Q4 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
141000 | |
| CY2019Q4 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
55000 | |
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Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
107400000 | |
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Net Cash Provided By Used In Financing Activities
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|
-16202000 | |
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Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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|
152000 | |
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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113396000 | |
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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|
113396000 | |
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Income Taxes Paid Net
IncomeTaxesPaidNet
|
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Income Taxes Paid Net
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|
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Interest Paid Net
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Nature Of Operations
NatureOfOperations
|
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><font style="Background-color:#FFFFFF;">Note </font><font style="color:#000000;">1. Business Overview</font></p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">History</p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On October 1, 2019, or the “Distribution Date”, Nuance Communications, Inc., or “Nuance”, a leading provider of speech and language solutions for businesses and consumers around the world, completed the complete legal and structural separation and distribution to its stockholders of all of the outstanding shares of our common stock, and its consolidated subsidiaries, in a tax free spin-off (which we refer to as the “Spin-Off”). The distribution was made in the amount of one share of our common stock for every eight shares of Nuance common stock (which we refer to as the “Distribution”) owned by Nuance’s stockholders as of 5:00 p.m. Eastern Time on September 17, 2019, the record date of the Distribution.</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="Background-color:#FFFFFF;">In connection with the Distribution, on September 30, 2019, we filed an Amended and Restated Certificate of Incorporation, or the Charter, with the Secretary of State of the State of Delaware, which became effective on October 1, 2019. Our Amended and Restated By-laws also became effective on October 1, 2019. On October 2, 2019, our common stock began regular-way trading on the Nasdaq Global Select Market under the ticker symbol CRNC.</font>  </p> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"><font style="Background-color:#FFFFFF;">Business</font></p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="Background-color:#FFFFFF;">Cerence Inc. (referred to in this Quarterly Report on Form 10-Q as “we,” “our,” “us,” “ourselves,” the “Company” or “Cerence”) is a global, </font><font style="color:#000000;">premier provider of AI-powered assistants and innovations for connected and autonomous vehicles. Our customers include all major automobile original equipment manufacturers, or OEMs, or their tier 1 suppliers worldwide. We deliver our solutions on a white-label basis, enabling our customers to deliver customized virtual assistants with unique, branded personalities and ultimately strengthening the bond between automobile brands and end users. We generate revenue primarily by selling software licenses and cloud-connected services. In addition, we generate professional services revenue from our work with OEMs and suppliers during the design, development and deployment phases of the vehicle model lifecycle and through maintenance and enhancement projects. </font></p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;"> </p> | |
| CY2019Q4 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="Background-color:#FFFFFF;">The financial statements are prepared in accordance with GAAP, which requires management to make estimates and assumptions. These estimates, judgments and assumptions can affect the reported amounts in the financial statements and the footnotes thereto. Actual results could differ materially from these estimates. </font></p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="Background-color:#FFFFFF;">On an ongoing basis, we evaluate our estimates, assumptions and judgments. Significant estimates inherent to the preparation of financial statements include: revenue recognition; the allowances for doubtful accounts; accounting for deferred costs; accounting for internally developed software; the valuation of goodwill and intangible assets; accounting for business combinations; accounting for stock-based compensation; accounting for income taxes, deferred tax assets, and related valuation allowances; and loss contingencies. We base our estimates on historical experience, market participant fair value considerations, projected future cash flows, and various other factors that are believed to be reasonable under the circumstances. Actual amounts could differ significantly from these estimates.</font></p> | |
| CY2019Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
353284000 | |
| CY2019Q4 | crnc |
Contract With Customer Liability Amounts Billed But Not Recognized
ContractWithCustomerLiabilityAmountsBilledButNotRecognized
|
31663000 | |
| CY2019Q4 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2019-10-01 | |
| CY2019Q4 | crnc |
Deferred Rent Reclassified As Right Of Use Assets
DeferredRentReclassifiedAsRightOfUseAssets
|
2200000 | |
| CY2019Q4 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | |
| CY2019Q4 | crnc |
Contract Acquisition Costs
ContractAcquisitionCosts
|
2100000 | |
| CY2019Q4 | crnc |
Contract Acquisition Cost Amortization
ContractAcquisitionCostAmortization
|
200000 | |
| CY2019Q4 | crnc |
Contract Acquisition Cost Impairment
ContractAcquisitionCostImpairment
|
0 | |
| CY2019Q4 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
43000000 | |
| CY2019Q4 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
2700000 | |
| CY2019Q4 | us-gaap |
Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
|
0 | |
| CY2019Q3 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
9219000 | |
| CY2019Q4 | crnc |
Contract With Customer Asset Amount Recognized But Unbilled
ContractWithCustomerAssetAmountRecognizedButUnbilled
|
19524000 | |
| CY2019Q4 | us-gaap |
Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
|
5765000 | |
| CY2019Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
22978000 | |
| CY2019Q4 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
-25244000 | |
| CY2019Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
359703000 | |
| CY2019Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
156695000 | |
| CY2019Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
155875000 | |
| CY2019Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
98423000 | |
| CY2019Q4 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P1Y | |
| CY2019Q4 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P4Y | |
| CY2019Q4 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
||
| CY2019Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
410993000 | |
| CY2019Q4 | us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
3536000 | |
| CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
199037000 | |
| CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
138324000 | |
| CY2019Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
221540000 | |
| CY2019Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
155979000 | |
| CY2019Q4 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
5200000 | |
| CY2018Q4 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
5300000 | |
| CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
15500000 | |
| CY2019Q4 | us-gaap |
Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
|
true | |
| CY2019Q4 | us-gaap |
Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
|
Some of our leases include options to extend or terminate the lease prior to the end of the agreed upon lease term. For purposes of calculating lease liabilities, lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise such options. | |
| CY2019Q4 | us-gaap |
Lessee Operating Lease Existence Of Option To Terminate
LesseeOperatingLeaseExistenceOfOptionToTerminate
|
true | |
| CY2019Q4 | us-gaap |
Lessee Operating Lease Option To Terminate
LesseeOperatingLeaseOptionToTerminate
|
Some of our leases include options to extend or terminate the lease prior to the end of the agreed upon lease term. For purposes of calculating lease liabilities, lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise such options. | |
| CY2019Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P59M21D | |
| CY2019Q4 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P1M | |
| CY2019Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.080 | |
| CY2019Q4 | us-gaap |
Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List
FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
us-gaap:PropertyPlantAndEquipmentNet | |
| CY2019Q4 | crnc |
Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
|
19934000 | |
| CY2019Q4 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.106 | |
| CY2019Q4 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
253000 | |
| CY2019Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
12000 | |
| CY2019Q4 | us-gaap |
Finance Lease Liability Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
|
us-gaap:AccruedLiabilitiesAndOtherLiabilities | |
| CY2019Q4 | us-gaap |
Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
|
us-gaap:OtherLiabilitiesNoncurrent | |
| CY2019Q4 | crnc |
Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
|
22038000 | |
| CY2019Q4 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
36000 | |
| CY2019Q4 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1890000 | |
| CY2019Q4 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
309000 | |
| CY2019Q4 | us-gaap |
Sublease Income
SubleaseIncome
|
55000 | |
| CY2019Q4 | us-gaap |
Lease Cost
LeaseCost
|
2180000 | |
| CY2019Q4 | crnc |
Undiscounted Future Minimum Lease Payments Under Non Cancelable Term
UndiscountedFutureMinimumLeasePaymentsUnderNonCancelableTerm
|
P1Y | |
| CY2019Q4 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
1700000 | |
| CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
5003000 | |
| CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
5862000 | |
| CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
4934000 | |
| CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
3681000 | |
| CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
3380000 | |
| CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
4113000 | |
| CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
26973000 | |
| CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
4947000 | |
| CY2019Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
22026000 | |
| CY2019Q4 | us-gaap |
Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
|
12000 | |
| CY2019Q4 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
12000 | |
| CY2019Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
12000 | |
| CY2019Q3 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
6323000 | |
| CY2019Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
5421000 | |
| CY2019Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
4493000 | |
| CY2019Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
3237000 | |
| CY2019Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
2922000 | |
| CY2019Q3 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
4039000 | |
| CY2019Q3 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
26435000 | |
| CY2019Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
19876000 | |
| CY2019Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
13031000 | |
| CY2019Q4 | crnc |
Accrued Cost Of Revenue Related Liabilities Current
AccruedCostOfRevenueRelatedLiabilitiesCurrent
|
4000000 | |
| CY2019Q3 | crnc |
Accrued Cost Of Revenue Related Liabilities Current
AccruedCostOfRevenueRelatedLiabilitiesCurrent
|
1668000 | |
| CY2019Q4 | crnc |
Sales And Other Taxes Payable Current
SalesAndOtherTaxesPayableCurrent
|
13443000 | |
| CY2019Q3 | crnc |
Sales And Other Taxes Payable Current
SalesAndOtherTaxesPayableCurrent
|
219000 | |
| CY2019Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
4948000 | |
| CY2019Q3 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
3863000 | |
| CY2019Q4 | crnc |
Facilities Related Liabilities Current
FacilitiesRelatedLiabilitiesCurrent
|
59000 | |
| CY2019Q3 | crnc |
Facilities Related Liabilities Current
FacilitiesRelatedLiabilitiesCurrent
|
273000 | |
| CY2019Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
8707000 | |
| CY2019Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
5140000 | |
| CY2019Q3 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
4391000 | |
| CY2019Q4 | crnc |
Restructuring Charges Reversal
RestructuringChargesReversal
|
7554000 | |
| CY2019Q4 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
3210000 | |
| CY2019Q4 | us-gaap |
Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
|
9000 | |
| CY2019Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
8744000 | |
| CY2018Q4 | crnc |
Restructuring Charges Reversal
RestructuringChargesReversal
|
3127000 | |
| CY2019Q4 | us-gaap |
Capital Units Authorized
CapitalUnitsAuthorized
|
600000000 | |
| CY2019Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
40000000 | |
| CY2019Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2019Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
560000000 | |
| CY2019Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2019Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
6350000 | |
| CY2019Q4 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
8969000 | |
| CY2018Q4 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
6574000 | |
| CY2019Q4 | crnc |
Indemnification Period For Former Officers And Members Of Boards Of Directors
IndemnificationPeriodForFormerOfficersAndMembersOfBoardsOfDirectors
|
P6Y | |
| CY2019Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-7128000 | |
| CY2018Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-2069000 | |
| CY2019Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-1632000 | |
| CY2018Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
4862000 | |
| CY2019Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-8760000 | |
| CY2018Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
2793000 | |
| CY2019Q4 | us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
-3218000 | |
| CY2018Q4 | us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
-491000 | |
| CY2019Q4 | us-gaap |
Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
|
6220000 | |
| CY2018Q4 | us-gaap |
Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
|
1029000 | |
| CY2019Q4 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.343 | |
| CY2018Q4 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.193 | |
| CY2019Q4 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | |
| CY2018Q4 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 |
