2023 Q2 Form 10-K Financial Statement

#000077240623000019 Filed on May 19, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2023
Revenue $317.0M $372.8M $1.898B
YoY Change -19.47% -23.91% 6.52%
Cost Of Revenue $157.6M $186.5M $940.6M
YoY Change -17.47% -19.36% 9.65%
Gross Profit $159.4M $186.4M $957.0M
YoY Change -21.34% -27.97% 3.61%
Gross Profit Margin 50.28% 49.98% 50.43%
Selling, General & Admin $35.38M $37.64M $153.1M
YoY Change -8.44% -4.63% 1.42%
% of Gross Profit 22.2% 20.2% 16.0%
Research & Development $106.2M $115.2M $458.4M
YoY Change -3.19% 3.38% 12.82%
% of Gross Profit 66.64% 61.8% 47.9%
Depreciation & Amortization $11.94M $18.84M $71.20M
YoY Change -27.7% 11.47% 14.73%
% of Gross Profit 7.49% 10.11% 7.44%
Operating Expenses $141.6M $152.8M $611.6M
YoY Change -4.56% 1.29% 9.73%
Operating Profit $17.79M $33.55M $345.4M
YoY Change -67.22% -68.9% -5.71%
Interest Expense $4.600M $4.720M $9.087M
YoY Change 1408.2% -4682.52% 858.54%
% of Operating Profit 25.85% 14.07% 2.63%
Other Income/Expense, Net $377.0K -$464.0K -$3.379M
YoY Change -25.49% -357.78% -297.6%
Pretax Income $22.77M -$58.59M $254.7M
YoY Change -58.67% -154.28% -30.9%
Income Tax $7.170M -$4.917M $78.04M
% Of Pretax Income 31.49% 30.63%
Net Earnings $15.60M -$53.67M $176.7M
YoY Change -60.71% -155.67% -45.86%
Net Earnings / Revenue 4.92% -14.4% 9.31%
Basic Earnings Per Share $0.28 $3.18
Diluted Earnings Per Share $0.28 -$0.97 $3.09
COMMON SHARES
Basic Shares Outstanding 54.81M shares 55.26M shares 55.61M shares
Diluted Shares Outstanding 56.63M shares 57.23M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $388.1M $480.8M $480.8M
YoY Change -2.42% 26.38% 26.38%
Cash & Equivalents $352.3M $445.8M $445.8M
Short-Term Investments $35.77M $34.98M $34.98M
Other Short-Term Assets $173.6M $153.2M $153.2M
YoY Change 277.77% 282.18% 89.33%
Inventory $301.0M $233.5M $233.5M
Prepaid Expenses $33.44M $35.51M
Receivables $186.0M $150.5M $150.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.049B $1.018B $1.018B
YoY Change 21.8% 21.17% 21.17%
LONG-TERM ASSETS
Property, Plant & Equipment $292.8M $291.1M $291.1M
YoY Change 86.29% 85.33% -11.27%
Goodwill $435.9M $435.9M
YoY Change 0.0% 0.03%
Intangibles
YoY Change
Long-Term Investments $38.03M $36.51M $36.51M
YoY Change -32.05% -42.73% -42.73%
Other Assets $204.7M $243.7M $243.7M
YoY Change 213.84% 166.16% -18.13%
Total Long-Term Assets $1.008B $1.046B $1.046B
YoY Change -19.04% -18.49% -18.49%
TOTAL ASSETS
Total Short-Term Assets $1.049B $1.018B $1.018B
Total Long-Term Assets $1.008B $1.046B $1.046B
Total Assets $2.057B $2.064B $2.064B
YoY Change -2.34% -2.8% -2.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $75.94M $81.46M $81.46M
YoY Change -37.47% -29.42% -29.42%
Accrued Expenses $87.15M $113.5M $113.5M
YoY Change 6.02% 17.43% 17.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $202.9M $216.3M $216.3M
YoY Change -19.69% -18.3% -18.3%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $196.9M $189.3M $189.3M
YoY Change -22.5% -26.84% -26.84%
Total Long-Term Liabilities $196.9M $189.3M $189.3M
YoY Change -22.5% -26.84% -26.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $202.9M $216.3M $216.3M
Total Long-Term Liabilities $196.9M $189.3M $189.3M
Total Liabilities $399.8M $405.7M $405.7M
YoY Change -21.1% -22.52% -22.52%
SHAREHOLDERS EQUITY
Retained Earnings -$33.62M -$9.320M
YoY Change -670.43% -139.77%
Common Stock $1.693B $1.670B
YoY Change 6.06% 5.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.657B $1.658B $1.658B
YoY Change
Total Liabilities & Shareholders Equity $2.057B $2.064B $2.064B
YoY Change -2.34% -2.8% -2.8%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2023
OPERATING ACTIVITIES
Net Income $15.60M -$53.67M $176.7M
YoY Change -60.71% -155.67% -45.86%
Depreciation, Depletion And Amortization $11.94M $18.84M $71.20M
YoY Change -27.7% 11.47% 14.73%
Cash From Operating Activities -$39.81M $48.27M $339.6M
YoY Change -153.54% -81.31% 172.19%
INVESTING ACTIVITIES
Capital Expenditures $12.31M $11.63M $36.71M
YoY Change 81.67% -237.59% 40.46%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$2.324M $2.507M $3.384M
YoY Change 372.36% -828.78% -70.92%
Cash From Investing Activities -$14.63M -$9.128M -$33.33M
YoY Change 89.66% 3.73% 81.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$199.3M
YoY Change -219.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -38.99M -27.90M -230.3M
YoY Change -31.75% -62.67% 28.83%
NET CHANGE
Cash From Operating Activities -39.81M 48.27M 339.6M
Cash From Investing Activities -14.63M -9.128M -33.33M
Cash From Financing Activities -38.99M -27.90M -230.3M
Net Change In Cash -93.44M 11.24M 75.97M
YoY Change -1081.39% -93.57% -205.0%
FREE CASH FLOW
Cash From Operating Activities -$39.81M $48.27M $339.6M
Capital Expenditures $12.31M $11.63M $36.71M
Free Cash Flow -$52.12M $36.63M $302.9M
YoY Change -177.12% -86.26% 207.11%

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CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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90000 usd
CY2022 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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CY2021 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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CY2023 us-gaap Comprehensive Income Net Of Tax
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CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
223688000 usd
CY2023 us-gaap Net Income Loss
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CY2022 us-gaap Net Income Loss
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CY2021 us-gaap Net Income Loss
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CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
71202000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2023 us-gaap Share Based Compensation
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CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2023 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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CY2023 us-gaap Other Noncash Income Expense
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CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2021 us-gaap Other Noncash Income Expense
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622000 usd
CY2023 us-gaap Restructuring Charges
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10632000 usd
CY2022 us-gaap Restructuring Charges
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CY2021 us-gaap Restructuring Charges
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352000 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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85760000 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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0 usd
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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124826000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
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CY2023 us-gaap Increase Decrease In Inventories
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95014000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-42502000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
26538000 usd
CY2023 crus Increase Decrease In Noncurrent Advances On Inventory Purchases
IncreaseDecreaseInNoncurrentAdvancesOnInventoryPurchases
0 usd
CY2022 crus Increase Decrease In Noncurrent Advances On Inventory Purchases
IncreaseDecreaseInNoncurrentAdvancesOnInventoryPurchases
195000000 usd
CY2021 crus Increase Decrease In Noncurrent Advances On Inventory Purchases
IncreaseDecreaseInNoncurrentAdvancesOnInventoryPurchases
0 usd
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1852000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
92584000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-34307000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
10529000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
21104000 usd
CY2023 us-gaap Increase Decrease In Employee Related Liabilities
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-15108000 usd
CY2022 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
10049000 usd
CY2021 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
12410000 usd
CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
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CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
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CY2023 crus Increase Decrease In Acquisition Related Liabilities
IncreaseDecreaseInAcquisitionRelatedLiabilities
12654000 usd
CY2022 crus Increase Decrease In Acquisition Related Liabilities
IncreaseDecreaseInAcquisitionRelatedLiabilities
39656000 usd
CY2021 crus Increase Decrease In Acquisition Related Liabilities
IncreaseDecreaseInAcquisitionRelatedLiabilities
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IncreaseDecreaseInOtherAccruedLiabilities
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CY2022 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
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CY2021 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
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339568000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
124753000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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348945000 usd
CY2023 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
18683000 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
371545000 usd
CY2021 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
168328000 usd
CY2023 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
15299000 usd
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
83023000 usd
CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
225528000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
35090000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
26139000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18253000 usd
CY2023 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1624000 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
3871000 usd
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2222000 usd
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
276884000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-33330000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18372000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Payments Of Debt Issuance Costs
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0 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1718000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2023 us-gaap Payment For Contingent Consideration Liability Financing Activities
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30949000 usd
CY2022 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 usd
CY2021 us-gaap Payment For Contingent Consideration Liability Financing Activities
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0 usd
CY2023 us-gaap Proceeds From Stock Options Exercised
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10145000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
13220000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
7128000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
18082000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
22732000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
18367000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
191382000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
167501000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
109986000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-230268000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-178731000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-121225000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
75970000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-72350000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
150045000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
369814000 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
442164000 usd
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
292119000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
445784000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
369814000 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
442164000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
91955000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
35693000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
28988000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
537000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
572000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
610000 usd
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
1229779000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
217344000 usd
CY2021 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
4482000 usd
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1862000 usd
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-11238000 usd
CY2021 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
109986000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
56762000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
1389005000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
326355000 usd
CY2022 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-4413000 usd
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-507000 usd
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-9514000 usd
CY2022 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
167501000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
66392000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
1599817000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
176703000 usd
CY2023 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
340000 usd
CY2023 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-834000 usd
CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-7936000 usd
CY2023 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
191383000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
81575000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
1658282000 usd
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassifications</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain reclassifications have been made to prior year balances in order to conform to the current year’s presentation of financial information.</span></div>
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in accordance with U.S. GAAP requires the use of management estimates. These estimates are subjective in nature and involve judgments that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at fiscal year-end and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates.</span></div>
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
9900000 usd
CY2023Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
116088000 usd
CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
95188000 usd
CY2023Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
117362000 usd
CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
43248000 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
233450000 usd
CY2022Q1 us-gaap Inventory Net
InventoryNet
138436000 usd
CY2023 crus Restructuring Charges Disposal Of Equipment Net Of Recovery From Sales
RestructuringChargesDisposalOfEquipmentNetOfRecoveryFromSales
1300000 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 usd
CY2023 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 usd
CY2021 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
1500000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
397193000 usd
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
373339000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
234221000 usd
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
216262000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
162972000 usd
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
157077000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
27100000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
24800000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
24900000 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
85800000 usd
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject us to material concentrations of credit risk consist primarily of cash equivalents, marketable securities, long-term marketable securities, and trade accounts receivable. We are exposed to credit risk to the extent of the amounts recorded on the balance sheet. By policy, our cash equivalents, marketable securities, and long-term marketable securities are subject to certain nationally recognized credit standards, issuer concentrations, sovereign risk, and marketability or liquidity considerations.</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In evaluating our trade receivables, we perform credit evaluations of our major customers’ financial condition and monitor closely all of our receivables to limit our financial exposure by limiting the length of time and amount of credit extended. In certain situations, we may require payment in advance or utilize letters of credit to reduce credit risk. By policy, we establish a reserve for trade accounts receivable based on the type of business in which a customer is engaged, the length of time a trade account receivable is outstanding, and other knowledge that we may possess relating to the probability that a trade receivable is at risk for non-payment.</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We had three contract manufacturers aggregated at their parent level, Foxconn, Pegatron and Luxshare Precision, who represented 35 percent, 16 percent, 11 percent, respectively, of our consolidated gross trade accounts receivable as of the end of fiscal year 2023. We had two contract manufacturers aggregated at their parent level, Foxconn and Pegatron, who represented 49 percent and 17 percent, respectively, of our consolidated gross trade accounts receivable as of the end of fiscal year 2022. No other distributor or contract manufacturer had receivable balances that represented more than 10 percent of consolidated gross trade accounts receivable as of the end of fiscal year 2023 or 2022.</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Since the components we produce are largely proprietary and generally not available from second sources, we consider our end customer to be the entity specifying the use of our component in their design. These end customers may then purchase our products directly from us, from a distributor, or through a third-party manufacturer contracted to produce their end product. For fiscal year 2023, our ten largest end customers represented approximately 92 percent and for each of fiscal years 2022 and 2021, our ten largest end customers represented 93 percent of our sales. For fiscal years 2023, 2022, and 2021, we had one end customer, Apple Inc., who purchased through multiple contract manufacturers and represented approximately 83 percent, 79 percent, and 83 percent, of the Company’s total sales, respectively. No other customer or distributor represented more than 10 percent of net sales in fiscal years 2023, 2022, or 2021.</span></div>
CY2023 us-gaap Advertising Expense
AdvertisingExpense
500000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
900000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
900000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
176703000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
326355000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
217344000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55614000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57278000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58106000 shares
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1612000 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1865000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1954000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57226000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59143000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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60060000 shares
CY2023 us-gaap Earnings Per Share Basic
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3.18
CY2022 us-gaap Earnings Per Share Basic
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5.70
CY2021 us-gaap Earnings Per Share Basic
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3.74
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.09
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.52
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.62
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
268000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
113000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
187000 shares
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
2000 usd
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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2325000 usd
CY2022Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
74350000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
73376000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
108000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1997000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
71487000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2000000 usd
CY2023Q1 crus Available For Sale Securities Amortized Cost On Gross Unrealized Losses
AvailableForSaleSecuritiesAmortizedCostOnGrossUnrealizedLosses
64000000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
56300000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
1900000 usd
CY2022Q1 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
76673000 usd
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2300000 usd
CY2022Q1 crus Available For Sale Securities Amortized Cost On Gross Unrealized Losses
AvailableForSaleSecuritiesAmortizedCostOnGrossUnrealizedLosses
75500000 usd
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
3500000 usd
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
100000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
35824000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
34978000 usd
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
10697000 usd
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
10601000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
37552000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
36509000 usd
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
65976000 usd
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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63749000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
73376000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
71487000 usd
CY2022Q1 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
76673000 usd
CY2022Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
74350000 usd
CY2023Q1 us-gaap Long Term Line Of Credit
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0 usd
CY2023Q1 us-gaap Lines Of Credit Fair Value Disclosure
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CY2023Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
71487000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
217400000 usd
CY2022Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
74350000 usd
CY2023Q1 us-gaap Number Of Foreign Currency Derivatives Held
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1 derivtive
CY2023Q1 us-gaap Derivative Notional Amount
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7600000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
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258990000 usd
CY2023Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
150473000 usd
CY2022Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
240264000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 usd
CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
150473000 usd
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
240264000 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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85800000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
220114000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
38876000 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
386435000 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
228290000 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
158145000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
33700000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
29000000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14500000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
9221000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
7600000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
6681000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
6589000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
6589000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
2196000 usd
CY2023Q1 us-gaap Goodwill
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435900000 usd
CY2022Q1 us-gaap Goodwill
Goodwill
435800000 usd
CY2023Q1 crus Long Term Debt Repayments Of Interest Next Twelve Months
LongTermDebtRepaymentsOfInterestNextTwelveMonths
528000 usd
CY2023Q1 crus Long Term Debt Repayments Of Interest Year One
LongTermDebtRepaymentsOfInterestYearOne
534000 usd
CY2023Q1 crus Long Term Debt Repayments Of Interest Year Two
LongTermDebtRepaymentsOfInterestYearTwo
532000 usd
CY2023Q1 crus Long Term Debt Repayments Of Interest Year Three
LongTermDebtRepaymentsOfInterestYearThree
277000 usd
CY2023Q1 crus Long Term Debt Repayments Of Interest Year Four
LongTermDebtRepaymentsOfInterestYearFour
0 usd
CY2023Q1 crus Long Term Debt Repayments Of Interest After Year Four
LongTermDebtRepaymentsOfInterestAfterYearFour
0 usd
CY2023Q1 crus Long Term Debt Repayments Of Interest
LongTermDebtRepaymentsOfInterest
1871000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1897617000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1781460000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1369230000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1897617000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1781460000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1369230000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
18071000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
14901000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
6226000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
4954000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
86000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
22000 usd
CY2022 crus Operating Lease Income Comprehensive Income Extensible List Not Disclosed Flag
OperatingLeaseIncomeComprehensiveIncomeExtensibleListNotDisclosedFlag
Operating lease income
CY2023 crus Operating Lease Income Comprehensive Income Extensible List Not Disclosed Flag
OperatingLeaseIncomeComprehensiveIncomeExtensibleListNotDisclosedFlag
Operating lease income
CY2023 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
464000 usd
CY2022 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1518000 usd
CY2023 us-gaap Lease Cost
LeaseCost
23919000 usd
CY2022 us-gaap Lease Cost
LeaseCost
18359000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
128145000 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
171003000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
141073000 usd
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
177842000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
14531000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
14634000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4381000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
46123000 usd
CY2023 crus Lessee Operating Lease Remeasurement Gain Loss
LesseeOperatingLeaseRemeasurementGainLoss
-28965000 usd
CY2022 crus Lessee Operating Lease Remeasurement Gain Loss
LesseeOperatingLeaseRemeasurementGainLoss
0 usd
CY2023 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
5579000 usd
CY2022 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P13Y
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P16Y
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04
CY2023Q1 crus Lessee Operating Lease Lease Not Yet Commenced Undiscounted Amount
LesseeOperatingLeaseLeaseNotYetCommencedUndiscountedAmount
24000000 usd
CY2023Q1 us-gaap Lessee Operating Lease Lease Not Yet Commenced Term Of Contract1
LesseeOperatingLeaseLeaseNotYetCommencedTermOfContract1
P10Y
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
18631000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
19598000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
18043000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
16489000 usd
CY2023 us-gaap Restructuring Charges
RestructuringCharges
10600000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
16882000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
106651000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
196294000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
55221000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
141073000 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
18442000 usd
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
14680000 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
122631000 usd
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
163162000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
141073000 usd
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
177842000 usd
CY2023Q1 crus Operating Leases And Leasehold Improvements Impairment Loss
OperatingLeasesAndLeaseholdImprovementsImpairmentLoss
6900000 usd
CY2023Q1 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
3700000 usd
CY2023Q1 us-gaap Restructuring Reserve
RestructuringReserve
3300000 usd
CY2022Q1 us-gaap Restructuring Reserve
RestructuringReserve
0 usd
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
10200000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
9600000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
7900000 usd
CY2023 crus Share Based Compensation Shares Available For Grant Reduction Ratio
ShareBasedCompensationSharesAvailableForGrantReductionRatio
1.5
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2095000 shares
CY2021 crus Shares Available For Grant Shares Added
SharesAvailableForGrantSharesAdded
3223000 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
1491000 shares
CY2021 crus Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant Forfeited
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrantForfeited
198000 shares
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
4025000 shares
CY2022 crus Shares Available For Grant Shares Added
SharesAvailableForGrantSharesAdded
0 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
1679000 shares
CY2022 crus Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant Forfeited
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrantForfeited
271000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2617000 shares
CY2023 crus Shares Available For Grant Shares Added
SharesAvailableForGrantSharesAdded
2090000 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
2536000 shares
CY2023 crus Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant Forfeited
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrantForfeited
303000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2474000 shares
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
81641000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
66392000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
56762000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
15184000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
11521000 usd
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9558000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
66457000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
54871000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
47204000 usd
CY2023 crus Share Based Compensation Effects On Basic Earnings Loss Per Share
ShareBasedCompensationEffectsOnBasicEarningsLossPerShare
1.19
CY2022 crus Share Based Compensation Effects On Basic Earnings Loss Per Share
ShareBasedCompensationEffectsOnBasicEarningsLossPerShare
0.96
CY2021 crus Share Based Compensation Effects On Basic Earnings Loss Per Share
ShareBasedCompensationEffectsOnBasicEarningsLossPerShare
0.81
CY2023 crus Share Based Compensation Effects On Diluted Earnings Loss Per Share
ShareBasedCompensationEffectsOnDilutedEarningsLossPerShare
1.16
CY2022 crus Share Based Compensation Effects On Diluted Earnings Loss Per Share
ShareBasedCompensationEffectsOnDilutedEarningsLossPerShare
0.93
CY2021 crus Share Based Compensation Effects On Diluted Earnings Loss Per Share
ShareBasedCompensationEffectsOnDilutedEarningsLossPerShare
0.79
CY2023 crus Share Based Compensation Excess Tax Benefits Amount
ShareBasedCompensationExcessTaxBenefitsAmount
1400000 usd
CY2022 crus Share Based Compensation Excess Tax Benefits Amount
ShareBasedCompensationExcessTaxBenefitsAmount
3900000 usd
CY2021 crus Share Based Compensation Excess Tax Benefits Amount
ShareBasedCompensationExcessTaxBenefitsAmount
2200000 usd
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
30.26
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
17000 shares
CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
10100000 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
13200000 usd
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
7100000 usd
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
200000 shares
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
300000 shares
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
200000 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
11400000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
15800000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
10200000 usd
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1216000 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
44.01
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
96000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
77.23
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
236000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
56.27
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1059000 shares
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
49.87
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2023Q1 us-gaap Purchase Obligation
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2023Q1 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability
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CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
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CY2022Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
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CY2023Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2023Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
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CY2023Q1 crus Deferred Tax Assets Capitalized Research And Development
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651000 usd
CY2023Q1 us-gaap Deferred Tax Assets Gross
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CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023Q1 us-gaap Deferred Tax Assets Net
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CY2023Q1 crus Deferred Tax Liabilities Depreciation And Amortization
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CY2023 us-gaap Number Of Reportable Segments
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