2019 Q2 Form 10-Q Financial Statement
#000156459020036543 Filed on August 05, 2020
Income Statement
| Concept | 2019 Q2 | 2019 Q1 |
|---|---|---|
| Revenue | $77.57M | $70.30M |
| YoY Change | 7.47% | 4.15% |
| Cost Of Revenue | $23.67M | $24.44M |
| YoY Change | 8.83% | 25.55% |
| Gross Profit | $53.89M | $45.86M |
| YoY Change | 6.87% | -4.5% |
| Gross Profit Margin | 69.48% | 65.23% |
| Selling, General & Admin | $14.47M | $15.49M |
| YoY Change | 15.48% | 41.7% |
| % of Gross Profit | 26.85% | 33.77% |
| Research & Development | $22.98M | $22.56M |
| YoY Change | 3.89% | 19.24% |
| % of Gross Profit | 42.64% | 49.2% |
| Depreciation & Amortization | $6.900M | $7.300M |
| YoY Change | -12.66% | 43.14% |
| % of Gross Profit | 12.8% | 15.92% |
| Operating Expenses | $40.58M | $45.69M |
| YoY Change | 7.44% | 46.73% |
| Operating Profit | $13.31M | $168.0K |
| YoY Change | 5.17% | -99.0% |
| Interest Expense | -$150.0K | $0.00 |
| YoY Change | -157.69% | -100.0% |
| % of Operating Profit | -1.13% | 0.0% |
| Other Income/Expense, Net | $266.0K | |
| YoY Change | ||
| Pretax Income | $6.434M | $434.0K |
| YoY Change | -26.05% | -96.33% |
| Income Tax | $1.340M | -$20.00K |
| % Of Pretax Income | 20.83% | -4.61% |
| Net Earnings | $1.770M | $454.0K |
| YoY Change | -72.89% | -95.2% |
| Net Earnings / Revenue | 2.28% | 0.65% |
| Basic Earnings Per Share | $0.05 | $0.01 |
| Diluted Earnings Per Share | $0.05 | $0.01 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 36.39M | 36.39M |
| Diluted Shares Outstanding | 36.39M | 36.39M |
Balance Sheet
| Concept | 2019 Q2 | 2019 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | ||
| YoY Change | ||
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $8.100M | $8.700M |
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $84.30M | $72.90M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $92.40M | $81.50M |
| YoY Change | ||
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $9.900M | $11.20M |
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $89.80M | $90.90M |
| YoY Change | ||
| Total Long-Term Assets | $1.291B | $1.297B |
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | $92.40M | $81.50M |
| Total Long-Term Assets | $1.291B | $1.297B |
| Total Assets | $1.383B | $1.378B |
| YoY Change | ||
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $13.20M | $7.300M |
| YoY Change | ||
| Accrued Expenses | $21.30M | $17.20M |
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $123.4M | $109.7M |
| YoY Change | ||
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $295.0M | $285.4M |
| YoY Change | ||
| Total Long-Term Liabilities | $295.0M | $285.4M |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $123.4M | $109.7M |
| Total Long-Term Liabilities | $295.0M | $285.4M |
| Total Liabilities | $418.4M | $395.1M |
| YoY Change | ||
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $964.9M | $983.2M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.383B | $1.378B |
| YoY Change |
Cashflow Statement
| Concept | 2019 Q2 | 2019 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $1.770M | $454.0K |
| YoY Change | -72.89% | -95.2% |
| Depreciation, Depletion And Amortization | $6.900M | $7.300M |
| YoY Change | -12.66% | 43.14% |
| Cash From Operating Activities | $26.40M | $25.60M |
| YoY Change | 45.05% | -12.33% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$400.0K | -$2.000M |
| YoY Change | -71.43% | 33.33% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | |
| YoY Change | -100.0% | |
| Cash From Investing Activities | -$400.0K | -$2.000M |
| YoY Change | -99.51% | 33.33% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -26.00M | -23.60M |
| YoY Change | -141.34% | -14.8% |
| NET CHANGE | ||
| Cash From Operating Activities | 26.40M | 25.60M |
| Cash From Investing Activities | -400.0K | -2.000M |
| Cash From Financing Activities | -26.00M | -23.60M |
| Net Change In Cash | 0.0000000001164 | 0.000 |
| YoY Change | -100.0% | -100.0% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $26.40M | $25.60M |
| Capital Expenditures | -$400.0K | -$2.000M |
| Free Cash Flow | $26.80M | $27.60M |
| YoY Change | 36.73% | -10.1% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q2 | us-gaap |
Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
|
14369000 | |
| CY2020Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
10423000 | |
| CY2020Q2 | crnc |
Convertible Senior Notes Net Of Taxes
ConvertibleSeniorNotesNetOfTaxes
|
4678000 | |
| CY2020Q2 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
629000 | |
| CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
983186000 | |
| CY2019Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
1630000 | |
| CY2019Q2 | us-gaap |
Stockholders Equity Note Spinoff Transaction
StockholdersEquityNoteSpinoffTransaction
|
-21710000 | |
| CY2019Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
964876000 | |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
5034000 | ||
| crnc |
Distribution To Parent
DistributionToParent
|
152978000 | ||
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
6674000 | ||
| us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
19283000 | ||
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Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
4441000 | ||
| us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-21779000 | ||
| us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
21822000 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
18577000 | ||
| crnc |
Net Increase Decrease In Net Parent Investment
NetIncreaseDecreaseInNetParentInvestment
|
11453000 | ||
| us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-1613000 | ||
| us-gaap |
Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
|
14369000 | ||
| us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
21748000 | ||
| crnc |
Convertible Senior Notes Net Of Taxes
ConvertibleSeniorNotesNetOfTaxes
|
4678000 | ||
| CY2018Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
993319000 | |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-1183000 | ||
| us-gaap |
Stockholders Equity Note Spinoff Transaction
StockholdersEquityNoteSpinoffTransaction
|
-38713000 | ||
| us-gaap |
Profit Loss
ProfitLoss
|
-27448000 | ||
| us-gaap |
Profit Loss
ProfitLoss
|
4479000 | ||
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
22704000 | ||
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
21522000 | ||
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
525000 | ||
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
32954000 | ||
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
21195000 | ||
| crnc |
Non Cash Interest Expense
NonCashInterestExpense
|
4025000 | ||
| us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-19279000 | ||
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-469000 | ||
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
21328000 | ||
| us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
749000 | ||
| us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
-1876000 | ||
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-170000 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
68659000 | ||
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
16075000 | ||
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2868000 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-16075000 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2868000 | ||
| crnc |
Net Transaction With Parent
NetTransactionWithParent
|
-12964000 | ||
| crnc |
Net Transaction With Parent
NetTransactionWithParent
|
65791000 | ||
| us-gaap |
Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
152978000 | ||
| us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
547719000 | ||
| us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
5765000 | ||
| us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
270000000 | ||
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
1613000 | ||
| us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
96000 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
130231000 | ||
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Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-65791000 | ||
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Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
111000 | ||
| us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
132844000 | ||
| CY2020Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
132844000 | |
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
931000 | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
2329000 | ||
| us-gaap |
Interest Paid Net
InterestPaidNet
|
14344000 | ||
| us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="margin-top:6pt;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, (the “Distribution Date”), Nuance Communications (“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 (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 (“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: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;">COVID-19</font><font style="color:#000000;"> Update</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;">In December 2019, a novel strain of coronavirus, now known as COVID-19 (“COVID-19”), was reported in Wuhan, China and has since extensively impacted the global health and economic environment. In January 2020, the World Health Organization (“WHO”) declared it a Public Health Emergency of International Concern. On February 28, 2020, the WHO raised its assessment of the COVID-19 threat from high to very high at a global level due to the continued increase in the number of cases and affected countries, and on March 11, 2020, the WHO characterized COVID-19 as a pandemic. </font></p> <p style="margin-bottom:12pt;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;">As a result of the COVID-19 pandemic, local, state, and national governments responded to the spread of COVID-19 by implementing various forms of social distancing and shelter-in-place orders to citizens, which has limited economic activity. These extreme measures to slow the spread of COVID-19 have negatively impacted businesses of all sizes, including the automotive industry and its suppliers. Automotive production and shipments ceased or were not operating at full capacity in order to ensure the safety of workers. During the three months ended June 30, 2020, local, state, and national governments began a phased reopening of their respective economies. As a result, automotive production and shipments began to resume with the implementation of robust safety measures, including health assessment measures, personal protective equipment, and facility modifications to increase social distancing. Given the declines in automotive production and shipments, the COVID-19 pandemic has had a material impact on our billings and revenue recognized from licenses and billings from connected services, which may also continue beyond fiscal 2020.</font></p> <p style="margin-bottom:12pt;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;">We have taken numerous steps in our approach to addressing the COVID-19 pandemic. We have shifted a portion of our R&D and engineering workforces to support our professional service teams and their successful completion of customer project milestones to help mitigate the decline in revenues. We reduced expenses by limiting discretionary spending, reducing third-party contractors, deferring the hiring of new employees and implementing a reduction in our workforce. In order to further conserve cash outflows, we implemented temporary reductions in salaries for our current named executive officers and other senior executives. </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;">We implemented our business continuity plans and our crisis response team is in place to respond to changes in our environment. At the onset of the COVID-19 pandemic, we instructed employees across 18 different countries and 24 office locations to work from home on a temporary basis. In accordance with local, state, and national guidelines, we have started reopening our offices to allow employees to return to work at their option. Given our investment in web-based applications and tools, we have experienced minimal declines in workforce efficiency to date as a result of employees working remotely. In addition, we have instituted strict restrictions on travel for all employees.</font> <font style="font-size:12pt;color:#000000;"> </font></p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.13%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The full extent to which the ongoing COVID-19 pandemic adversely affects our financial performance will depend on future developments, many of which are outside of our control, are highly uncertain and cannot be predicted, including, but not limited to, the duration and spread of the pandemic, its severity, the effectiveness of actions to contain the virus or treat its impact and how quickly and to what extent normal economic and operating conditions can resume. The COVID-19 pandemic could also result in additional governmental restrictions and regulations, which could adversely affect our business and financial results. In addition, a recession, depression or other sustained adverse market impact resulting from COVID-19 could materially and adversely affect our business, our access to needed capital and liquidity, and the value of our common stock. Even after the COVID-19 pandemic has lessened or subsided, we may continue to experience adverse impacts on our business and financial performance as a result of its global economic impact. </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;"> </p> | ||
| 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> | ||
| us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;color:#000000;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;"><font style="Background-color:#FFFFFF;">Concentration of Risk</font></p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:6.67%;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;">Financial instruments that potentially subject us to significant concentrations of credit risk primarily consist of trade accounts receivable. We perform ongoing credit evaluations of our customers’ financial condition and limit the amount of credit extended when deemed appropriate. One customer accounted for 18.2% of our accounts receivable, net balance at June 30, 2020. Two customers accounted for 12.9% and 10.0% of our accounts receivable, net balance at September 30, 2019.</font></p> | ||
| dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2019-10-01 | ||
| CY2020Q2 | crnc |
Number Of Countries Where Employees Instructed To Work From Home
NumberOfCountriesWhereEmployeesInstructedToWorkFromHome
|
18 | |
| CY2020Q2 | crnc |
Number Of Office Locations Instructed Employees To Work From Home
NumberOfOfficeLocationsInstructedEmployeesToWorkFromHome
|
24 | |
| crnc |
Deferred Rent Reclassified As Right Of Use Assets
DeferredRentReclassifiedAsRightOfUseAssets
|
2200000 | ||
| crnc |
Contract Acquisition Costs
ContractAcquisitionCosts
|
4700000 | ||
| crnc |
Contract Acquisition Cost Amortization
ContractAcquisitionCostAmortization
|
900000 | ||
| CY2020Q2 | crnc |
Contract Acquisition Cost Amortization
ContractAcquisitionCostAmortization
|
300000 | |
| crnc |
Contract Acquisition Cost Impairment
ContractAcquisitionCostImpairment
|
0 | ||
| CY2020Q2 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
43600000 | |
| us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
9300000 | ||
| CY2020Q2 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
4000000 | |
| us-gaap |
Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
|
0 | ||
| CY2019Q3 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
9219000 | |
| crnc |
Contract With Customer Asset Amount Recognized But Unbilled
ContractWithCustomerAssetAmountRecognizedButUnbilled
|
40962000 | ||
| us-gaap |
Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
|
24980000 | ||
| CY2020Q2 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
25201000 | |
| CY2019Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
353284000 | |
| crnc |
Contract With Customer Liability Amounts Billed But Not Recognized
ContractWithCustomerLiabilityAmountsBilledButNotRecognized
|
76100000 | ||
| us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
-93293000 | ||
| CY2020Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
336091000 | |
| CY2020Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
154390000 | |
| CY2020Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
189095000 | |
| CY2020Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
60020000 | |
| CY2020Q2 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P1Y | |
| CY2020Q2 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P4Y | |
| CY2020Q2 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
||
| CY2020Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
403505000 | |
| CY2020Q2 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
0 | |
| us-gaap |
Dilutive Securities
DilutiveSecurities
|
0 | ||
| us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | ||
| us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | ||
| CY2020Q1 | crnc |
Reporting Unit Estimate Fair Value Of Goodwill
ReportingUnitEstimateFairValueOfGoodwill
|
951000000 | |
| CY2020Q1 | crnc |
Reporting Unit Carrying Value Of Goodwill
ReportingUnitCarryingValueOfGoodwill
|
936000000 | |
| CY2020Q1 | us-gaap |
Reporting Unit Percentage Of Fair Value In Excess Of Carrying Amount
ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount
|
0.02 | |
| us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | ||
| us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | ||
| us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
2287000 | ||
| us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | ||
| us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | ||
| CY2020Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
198827000 | |
| CY2020Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
148675000 | |
| CY2019Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
221540000 | |
| CY2019Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
155979000 | |
| CY2020Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
5200000 | |
| CY2019Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
5100000 | |
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
15800000 | ||
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
15600000 | ||
| CY2020Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
5000000 | |
| us-gaap |
Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
|
true | ||
| 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. | ||
| us-gaap |
Lessee Operating Lease Existence Of Option To Terminate
LesseeOperatingLeaseExistenceOfOptionToTerminate
|
true | ||
| 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. | ||
| CY2020Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P54M6D | |
| CY2020Q2 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P5M | |
| CY2020Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.080 | |
| CY2020Q2 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.084 | |
| CY2020Q2 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
187000 | |
| CY2020Q2 | us-gaap |
Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List
FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
us-gaap:PropertyPlantAndEquipmentNet | |
| CY2020Q2 | crnc |
Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
|
19734000 | |
| CY2020Q2 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
49000 | |
| CY2020Q2 | us-gaap |
Finance Lease Liability Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
|
us-gaap:AccruedLiabilitiesAndOtherLiabilities | |
| CY2020Q2 | us-gaap |
Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
|
us-gaap:OtherLiabilitiesNoncurrent | |
| CY2020Q2 | crnc |
Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
|
22081000 | |
| CY2020Q2 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
33000 | |
| us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
102000 | ||
| CY2020Q2 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
1000 | |
| us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
3000 | ||
| CY2020Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
2209000 | |
| us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
6059000 | ||
| CY2020Q2 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
347000 | |
| us-gaap |
Variable Lease Cost
VariableLeaseCost
|
1021000 | ||
| CY2020Q2 | us-gaap |
Sublease Income
SubleaseIncome
|
47000 | |
| us-gaap |
Sublease Income
SubleaseIncome
|
157000 | ||
| CY2020Q2 | us-gaap |
Lease Cost
LeaseCost
|
2543000 | |
| us-gaap |
Lease Cost
LeaseCost
|
7028000 | ||
| crnc |
Undiscounted Future Minimum Lease Payments Under Non Cancelable Term
UndiscountedFutureMinimumLeasePaymentsUnderNonCancelableTerm
|
P1Y | ||
| CY2020Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
2100000 | |
| us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
5700000 | ||
| CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
2089000 | |
| CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
6757000 | |
| CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
5628000 | |
| CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
4178000 | |
| CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
3735000 | |
| CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
4060000 | |
| CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
26447000 | |
| CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
4415000 | |
| CY2020Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
22032000 | |
| CY2020Q2 | us-gaap |
Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
|
30000 | |
| CY2020Q2 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
20000 | |
| CY2020Q2 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
50000 | |
| CY2020Q2 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
1000 | |
| CY2020Q2 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
49000 | |
| 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 | |
| CY2020Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
31499000 | |
| CY2019Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
13031000 | |
| CY2020Q2 | crnc |
Accrued Cost Of Revenue Related Liabilities Current
AccruedCostOfRevenueRelatedLiabilitiesCurrent
|
4283000 | |
| CY2019Q3 | crnc |
Accrued Cost Of Revenue Related Liabilities Current
AccruedCostOfRevenueRelatedLiabilitiesCurrent
|
1668000 | |
| CY2020Q2 | crnc |
Sales And Other Taxes Payable Current
SalesAndOtherTaxesPayableCurrent
|
12055000 | |
| CY2019Q3 | crnc |
Sales And Other Taxes Payable Current
SalesAndOtherTaxesPayableCurrent
|
219000 | |
| CY2020Q2 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
3160000 | |
| CY2019Q3 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
3863000 | |
| CY2020Q2 | crnc |
Facilities Related Liabilities Current
FacilitiesRelatedLiabilitiesCurrent
|
194000 | |
| CY2019Q3 | crnc |
Facilities Related Liabilities Current
FacilitiesRelatedLiabilitiesCurrent
|
273000 | |
| CY2020Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
3481000 | |
| CY2019Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
5140000 | |
| CY2019Q3 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
4391000 | |
| crnc |
Restructuring Charges Reversal
RestructuringChargesReversal
|
13725000 | ||
| us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
14711000 | ||
| us-gaap |
Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
|
-3000 | ||
| CY2020Q2 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
3402000 | |
| CY2020Q2 | crnc |
Restructuring Charges Reversal
RestructuringChargesReversal
|
3301000 | |
| crnc |
Restructuring Charges Reversal
RestructuringChargesReversal
|
17147000 | ||
| 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 | |
| CY2020Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
17425000 | |
| CY2019Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
7828000 | |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
32954000 | ||
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
21195000 | ||
| crnc |
Indemnification Period For Former Officers And Members Of Boards Of Directors
IndemnificationPeriodForFormerOfficersAndMembersOfBoardsOfDirectors
|
P6Y | ||
| CY2020Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-37807000 | |
| CY2019Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
6434000 | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-42875000 | ||
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
85000 | ||
| CY2020Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
7157000 | |
| CY2019Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-3323000 | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
9242000 | ||
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
6253000 | ||
| CY2020Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-30650000 | |
| CY2019Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
3111000 | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-33633000 | ||
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
6338000 | ||
| CY2020Q2 | us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
-6076000 | |
| CY2019Q2 | us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
1819000 | |
| us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
-6867000 | ||
| us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
5000 | ||
| CY2020Q2 | us-gaap |
Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
|
3607000 | |
| CY2019Q2 | us-gaap |
Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
|
-478000 | |
| us-gaap |
Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
|
682000 | ||
| us-gaap |
Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
|
1854000 | ||
| CY2020Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.081 | |
| CY2019Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.431 | |
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.184 | ||
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.293 | ||
| CY2020Q2 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | |
| CY2019Q2 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | |
| us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | ||
| us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | ||
| CY2020Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
273422000 | |
| CY2020Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
1562000 | |
| CY2020Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
6250000 | |
| CY2020Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
7813000 | |
| CY2020Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
12500000 | |
| CY2020Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
96875000 | |
| CY2020Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
175000000 | |
| CY2020Q2 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
300000000 | |
| CY2020Q2 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
26578000 |
