2023 Q4 Form 20-F Financial Statement

#000162828024018687 Filed on April 26, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022
Revenue $203.7M $706.0M $538.0M
YoY Change 39.93% 31.24% 66.64%
Cost Of Revenue $60.31M $228.9M $178.4M
YoY Change 34.33% 28.32% 13.63%
Gross Profit $143.3M $477.1M $359.6M
YoY Change 42.43% 32.69% 116.81%
Gross Profit Margin 70.39% 67.57% 66.84%
Selling, General & Admin $85.56M $298.1M $271.2M
YoY Change 18.28% 9.94% 59.94%
% of Gross Profit 59.69% 62.49% 75.41%
Research & Development $30.27M $109.1M $89.99M
YoY Change 21.01% 21.27% 69.09%
% of Gross Profit 21.12% 22.87% 25.03%
Depreciation & Amortization $12.36M $8.535M $36.00M
YoY Change 22.41% -76.29% 5.26%
% of Gross Profit 8.62% 1.79% 10.01%
Operating Expenses $120.4M $411.8M $361.2M
YoY Change 23.65% 14.02% 40.55%
Operating Profit $22.97M $64.24M -$1.590M
YoY Change 597.54% -4140.19% -98.26%
Interest Expense -$16.82M $10.29M -$45.63M
YoY Change 32.04% -122.55% 362.54%
% of Operating Profit -73.2% 16.02%
Other Income/Expense, Net -$36.63M -$45.46M
YoY Change -19.42% 345.37%
Pretax Income $6.155M $27.61M -$47.22M
YoY Change -165.19% -158.46% -55.49%
Income Tax $8.656M $3.116M $21.31M
% Of Pretax Income 140.63% 11.29%
Net Earnings -$2.501M $24.49M -$68.53M
YoY Change -83.5% -135.74% -34.5%
Net Earnings / Revenue -1.23% 3.47% -12.74%
Basic Earnings Per Share -$0.09 -$1.28
Diluted Earnings Per Share -$0.03 -$0.09 -$1.32
COMMON SHARES
Basic Shares Outstanding 66.65M shares 77.17M shares 76.82M shares
Diluted Shares Outstanding 77.17M shares 76.82M shares

Balance Sheet

Concept 2023 Q4 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $214.6M $214.6M $219.2M
YoY Change -2.1% -2.1% -10.94%
Cash & Equivalents $214.6M $219.2M
Short-Term Investments $94.74M $94.74M $32.56M
Other Short-Term Assets $2.977M $63.64M $72.07M
YoY Change -95.87% -11.69% 24.1%
Inventory
Prepaid Expenses $9.293M
Receivables $183.4M $183.4M $147.8M
Other Receivables $75.64M $75.64M $26.06M
Total Short-Term Assets $537.3M $537.3M $465.1M
YoY Change 15.51% 15.51% -4.5%
LONG-TERM ASSETS
Property, Plant & Equipment $16.40M $38.35M $37.96M
YoY Change -56.8% 1.03% -14.74%
Goodwill $150.8M
YoY Change 8.74%
Intangibles $90.42M
YoY Change -1.18%
Long-Term Investments $3.105M
YoY Change -12.68%
Other Assets $78.89M $79.82M $69.78M
YoY Change 13.04% 14.38% -15.32%
Total Long-Term Assets $361.1M $361.1M $339.1M
YoY Change 6.49% 6.49% 1.19%
TOTAL ASSETS
Total Short-Term Assets $537.3M $537.3M $465.1M
Total Long-Term Assets $361.1M $361.1M $339.1M
Total Assets $898.3M $898.3M $804.2M
YoY Change 11.71% 11.71% -2.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $378.9M $378.9M $345.9M
YoY Change 9.55% 9.55% 23.14%
Accrued Expenses $45.25M $45.25M $6.081M
YoY Change 644.04% 644.04% -82.15%
Deferred Revenue
YoY Change
Short-Term Debt $28.53M $28.53M $29.93M
YoY Change -4.68% -4.68% 83.82%
Long-Term Debt Due $1.343M
YoY Change -79.23%
Total Short-Term Liabilities $671.1M $671.1M $564.5M
YoY Change 18.89% 18.89% 18.88%
LONG-TERM LIABILITIES
Long-Term Debt $2.262M $2.262M $5.119M
YoY Change -55.81% -55.81% -50.78%
Other Long-Term Liabilities $169.3M $161.2M $193.6M
YoY Change -12.53% -16.71% -3.2%
Total Long-Term Liabilities $171.6M $163.5M $198.7M
YoY Change -13.64% -17.72% -5.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $671.1M $671.1M $564.5M
Total Long-Term Liabilities $171.6M $163.5M $198.7M
Total Liabilities $842.7M $842.7M $763.2M
YoY Change 10.42% 10.42% 9.4%
SHAREHOLDERS EQUITY
Retained Earnings -$618.8M
YoY Change -3.8%
Common Stock $292.2M
YoY Change 1.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$125.8M $55.65M $41.00M
YoY Change
Total Liabilities & Shareholders Equity $898.3M $898.3M $804.2M
YoY Change 11.71% 11.71% -2.18%

Cashflow Statement

Concept 2023 Q4 2023 2022
OPERATING ACTIVITIES
Net Income -$2.501M $24.49M -$68.53M
YoY Change -83.5% -135.74% -34.5%
Depreciation, Depletion And Amortization $12.36M $8.535M $36.00M
YoY Change 22.41% -76.29% 5.26%
Cash From Operating Activities $34.92M $102.7M $26.06M
YoY Change -296.71% 294.27% -168.2%
INVESTING ACTIVITIES
Capital Expenditures $11.18M $9.820M $30.66M
YoY Change 27.0% -67.97% -244.68%
Acquisitions $0.00 $7.019M
YoY Change -100.0% 22.07%
Other Investing Activities -$1.782M -$11.59M -$19.52M
YoY Change 1476.99% -40.61% 239.48%
Cash From Investing Activities -$12.95M -$52.56M -$50.18M
YoY Change 45.27% 4.74% 86.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 -$9.682M
YoY Change -100.0% -1189.09%
Debt Paid & Issued, Net $4.156M
YoY Change 42.67%
Cash From Financing Activities -12.54M -$38.22M -15.62M
YoY Change -732.26% 144.76% 1234.79%
NET CHANGE
Cash From Operating Activities 34.92M $102.7M 26.06M
Cash From Investing Activities -12.95M -$52.56M -50.18M
Cash From Financing Activities -12.54M -$38.22M -15.62M
Net Change In Cash 9.428M $5.743M -39.74M
YoY Change -138.2% -114.45% -40.08%
FREE CASH FLOW
Cash From Operating Activities $34.92M $102.7M $26.06M
Capital Expenditures $11.18M $9.820M $30.66M
Free Cash Flow $23.74M $92.91M -$4.604M
YoY Change -189.42% -2118.03% -72.94%

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CY2023 us-gaap Income Taxes Paid Net
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CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8550000 usd
CY2021 us-gaap Income Taxes Paid Net
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2455000 usd
CY2023 us-gaap Interest Paid Net
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CY2021 us-gaap Interest Paid Net
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5161000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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250789000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
9335000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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241454000 usd
CY2023 us-gaap Nature Of Operations
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Business<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Despegar.com, Corp. and its subsidiaries provide travel products and services to leisure and corporate travelers in several countries in Latin America and the United States, as well as advertising and media solutions to advertisers. We offer these travel products and services through our portfolio of key trademarks: “Despegar,” “Despegar.com”, “Decolar”, “Decolar.com”, “Best Day”, “BD Experience”, “HotelDo”, “Viajanet” and "Stays". Through Koin, the financial services company solution, we extend loans to our travel customers and certain consumers of other merchants. We refer to Despegar.com, Corp. and its subsidiaries collectively as the “Despegar Group”, the “Company”, “us”, “we” and “our”, as the context requires, in these consolidated financial statements.</span></div><div style="margin-top:18pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Impact of COVID-19</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The COVID-19 pandemic, and measures to contain the virus, had an unprecedented impact on the global travel industry and materially and negatively impacted our business, financial results and financial condition. With the evolution of milder COVID-19 variants, availability of multiple vaccine booster doses and increasing familiarity with the virus, many COVID-19 related travel restrictions have been lifted, and countries around the world reopened their borders for foreign travel.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">As a result of the deterioration of our business due to the COVID-19 pandemic, we incurred significant losses during 2020 and 2021 which increased our accumulated losses to $643.3 million as of December 31, 2022 which led to a shareholders’ deficit of $127.2 million as of that date. From 2022 onwards, positive cash flows were generated from operations, accompanied by an increase in sales of 67% in 2022 and 119% in 2023, reducing the shareholders' deficit to $125.8 million as of December 31, 2023. In addition, our cash and cash equivalents balance amounted to $214.6 million as of December 31, 2023. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">We continuously monitor our business performance, revenue and costs, our current and projected liquidity and operating plans. These assessments require the use of various internal and external information to build projections, including estimates from industry associations, such as the International Air Transport Association (“IATA”), which is expecting that travel will continue to improve during the coming years. We have taken and continue to take actions to improve our liquidity, including managing our cost structure and spending where possible to mitigate any anticipated loss of revenue. The principal assumptions used in our cash flow analyses to estimate future liquidity requirements consisted of forecasting gross bookings and revenues, net of our most significant costs and expenses, forecasting working capital requirements and commitments, including but not limited to our preferred dividends, debt payments and acquisition commitments. Based on these actions and assumptions and considering our available cash and cash equivalents balance as of December 31, 2023, we anticipate that based on our current operating plan we have sufficient cash and cash equivalents to fund our operations and comply with our commitments for at least the next 12 months as from the issuance of these consolidated financial statements.</span></div>
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-643300000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-127200000 usd
CY2022 desp Percentage Of Increase In Revenue
PercentageOfIncreaseInRevenue
0.67
CY2023 desp Percentage Of Increase In Revenue
PercentageOfIncreaseInRevenue
1.19
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-125800000 usd
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CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:112%">Reclassifications</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">We have reclassified prior period financial statements to conform to the current period presentation.</span></div>
CY2023 us-gaap Use Of Estimates
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<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Accounting estimates</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">We use estimates and assumptions in the preparation of our consolidated financial statements in accordance with U.S. GAAP. Our estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of our consolidated financial statements. These estimates and assumptions also affect the reported amount of net income or loss during any period. Our actual financial results could differ significantly from these estimates. The significant estimates underlying our consolidated financial statements include recoverability of indefinite-lived intangible assets and, goodwill and disposal group classified as held for sale; recoverability of deferred tax assets and uncertain tax positions; loss contingencies and acquisition purchase price allocations.</span></div>
CY2023Q4 desp Spread On Foreign Currency Exchange Rate Translation
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0.204
CY2023 us-gaap Concentration Risk Credit Risk
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<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:112%">Concentration of credit risk</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:106%">Cash and cash equivalents, restricted cash and cash equivalents, accounts receivable and loans receivable are potentially subject to credit risk. However, there are not significant concentrations of credit risk arising from these financial instruments. We place our cash and cash equivalents and restricted cash and cash equivalents with several financial institutions in different countries and financial instruments that are highly liquid and highly rated. Our Brazilian and Mexican operations concentrate around 24% and 24%, respectively, of our cash and cash equivalents balance as of December 31, 2023. Cash and cash equivalents balances in other countries do not exceed 15% of the total cash and cash equivalents as of December 31, 2023.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:106%">Accounts receivable are derived from revenue earned from customers located internationally and are settled through customer credit cards, debit cards and other means of payment, with the majority of accounts receivable collected upon processing of credit card transactions. Due to the relatively small dollar amount of individual accounts receivable, we generally do not require collateral on these balances.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:106%">We have also substantial credit risk primarily in our consumer loans held for investment. We are exposed to default risk on loans receivable. The ultimate collectability of a substantial portion of the loan portfolio is susceptible to changes in economic and market conditions. Loans receivable are concentrated in Brazil. Due to the relatively small dollar amount of individual loans receivable, we generally do not require collateral on these balances. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:106%">We maintain an allowance for doubtful accounts based on management’s evaluation of various factors, including the credit risk of customers, historical trends, and other information. Furthermore, we utilize a simplified roll rate method to calculate the allowance for expected credit losses of our loans receivable. See Notes 9 and 10 for details.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:106%">In addition, our business is subject to certain risks and concentrations including our dependence on relationships with travel suppliers, primarily airlines and Expedia, Inc. (“Expedia”, a subsidiary of Expedia Group, Inc., a Delaware corporation, is a shareholder of record of the Company – see Note 24), dependence on third-party technology providers, exposure to risks associated with online commerce security and payment related fraud. We also rely on global distribution systems (“GDS”) providers and other third-party service providers for certain fulfillment services</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:106%">.</span></div>
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CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Other Carrying Amount
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CY2023 desp Temporary Equity Period During Which The Value Is Accreted To Its Redemption Worth
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108.1081
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CY2022Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
4634000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
5055000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
12138000 usd
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
819513 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.11
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
145485 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.00
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
46272 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
12.40
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
627756 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
14.00
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
48172 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.41
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
88527 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
11.28
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
491057 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.66
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3827 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.03
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
77758 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
9.65
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
409472 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.73
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
409472 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
9.73
CY2023Q4 desp Share Based Compensation Arrangement By Share Based Payment Award Options Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsIntrinsicValue
9.46
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
601000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
12000 usd
CY2022Q4 desp Share Based Compensation Arrangement By Share Based Payment Award Options Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsIntrinsicValue
5.13
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
142000 usd
CY2021Q4 desp Share Based Compensation Arrangement By Share Based Payment Award Options Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsIntrinsicValue
9.79
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1026000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1244000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3454000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7292000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12338000 usd
CY2023 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
4000 usd
CY2022 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
340000 usd
CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
889000 usd
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1184723 shares
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1160817 shares
CY2023 desp Lessee Operating Lease Option To Extend Term
LesseeOperatingLeaseOptionToExtendTerm
P5Y
CY2023 desp Lessee Operating Lease Termination Term
LesseeOperatingLeaseTerminationTerm
P1Y
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.09
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.07
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
6068000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
6190000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6453000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5381000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3859000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3154000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2396000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
8403000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
29646000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6641000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
23005000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6035000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
16970000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
9375000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
8899000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
10348000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1963000 usd
CY2023 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
13628000 usd
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
3218000 usd
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1068000 usd
CY2023Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
8370000 usd
CY2023Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
8370000 usd
CY2023 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-4546000 usd

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