2023 Q4 Form 10-K Financial Statement

#000180822024000017 Filed on March 14, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023
Revenue $276.7M $734.7M
YoY Change 298.84% 16.31%
Cost Of Revenue $41.09M $159.0M
YoY Change 99.16% -15.3%
Gross Profit $235.6M $575.7M
YoY Change 383.34% 29.66%
Gross Profit Margin 85.15% 78.36%
Selling, General & Admin $101.3M $303.4M
YoY Change 22.42% -7.84%
% of Gross Profit 43.01% 52.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.85M $11.69M
YoY Change 1.02% -89.07%
% of Gross Profit 11.4% 2.03%
Operating Expenses $210.6M $644.7M
YoY Change 15.93% -11.09%
Operating Profit $25.06M -$81.68M
YoY Change -118.86% -70.95%
Interest Expense -$17.75M $69.47M
YoY Change 2.51% -221.73%
% of Operating Profit -70.83%
Other Income/Expense, Net $776.0K $37.00K
YoY Change 1452.0% -100.15%
Pretax Income -$1.915M -$151.1M
YoY Change -98.73% -59.77%
Income Tax $379.0K $154.0K
% Of Pretax Income
Net Earnings -$1.226M -$63.26M
YoY Change -98.0% -57.46%
Net Earnings / Revenue -0.44% -8.61%
Basic Earnings Per Share -$7.19
Diluted Earnings Per Share -$0.13 -$7.19
COMMON SHARES
Basic Shares Outstanding 9.292M shares
Diluted Shares Outstanding 9.292M shares

Balance Sheet

Concept 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $90.81M $90.81M
YoY Change 451.56% 451.56%
Cash & Equivalents $90.81M $90.81M
Short-Term Investments
Other Short-Term Assets $49.17M $49.17M
YoY Change -14.63% -14.63%
Inventory
Prepaid Expenses
Receivables $250.0K $250.0K
Other Receivables $336.2M $336.2M
Total Short-Term Assets $476.4M $476.4M
YoY Change 14.93% 14.93%
LONG-TERM ASSETS
Property, Plant & Equipment $48.84M $48.84M
YoY Change 4.43% 4.43%
Goodwill
YoY Change
Intangibles $396.6M
YoY Change -20.79%
Long-Term Investments
YoY Change
Other Assets $2.256M $2.256M
YoY Change 31.09% 31.09%
Total Long-Term Assets $1.023B $1.023B
YoY Change -17.8% -17.8%
TOTAL ASSETS
Total Short-Term Assets $476.4M $476.4M
Total Long-Term Assets $1.023B $1.023B
Total Assets $1.500B $1.500B
YoY Change -9.63% -9.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.71M $17.71M
YoY Change 16.88% 16.88%
Accrued Expenses $86.25M $92.05M
YoY Change 38.43% 47.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $75.00M $75.00M
YoY Change 1323.15% 1323.15%
Total Short-Term Liabilities $370.0M $370.0M
YoY Change 39.39% 39.39%
LONG-TERM LIABILITIES
Long-Term Debt $422.7M $422.7M
YoY Change -16.26% -16.26%
Other Long-Term Liabilities $9.095M $251.9M
YoY Change -96.94% -15.28%
Total Long-Term Liabilities $674.6M $674.6M
YoY Change -15.9% -15.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $370.0M $370.0M
Total Long-Term Liabilities $674.6M $674.6M
Total Liabilities $1.045B $1.219B
YoY Change -22.12% -9.09%
SHAREHOLDERS EQUITY
Retained Earnings -$420.3M
YoY Change 17.72%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $231.0M $280.3M
YoY Change
Total Liabilities & Shareholders Equity $1.500B $1.500B
YoY Change -9.63% -9.63%

Cashflow Statement

Concept 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$1.226M -$63.26M
YoY Change -98.0% -57.46%
Depreciation, Depletion And Amortization $26.85M $11.69M
YoY Change 1.02% -89.07%
Cash From Operating Activities $71.30M $109.1M
YoY Change -273.91% 79.2%
INVESTING ACTIVITIES
Capital Expenditures $5.645M $13.73M
YoY Change 298.66% 1.63%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$5.645M -$13.73M
YoY Change 298.66% 1.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.087M -$21.11M
YoY Change -99.31% -81.66%
NET CHANGE
Cash From Operating Activities 71.30M $109.1M
Cash From Investing Activities -5.645M -$13.73M
Cash From Financing Activities -1.087M -$21.11M
Net Change In Cash 64.57M $74.35M
YoY Change -132.45% -209.88%
FREE CASH FLOW
Cash From Operating Activities $71.30M $109.1M
Capital Expenditures $5.645M $13.73M
Free Cash Flow $65.66M $95.41M
YoY Change -254.79% 101.32%

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CY2021 us-gaap Amortization Of Financing Costs And Discounts
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OperatingLeaseImpairmentLoss
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CY2021 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
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CY2021 goco Impairment Loss Goodwill And Indefinite Lived Intangible Assets
ImpairmentLossGoodwillAndIndefiniteLivedIntangibleAssets
386553000 usd
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NoncashRestructuringCharges
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CY2022 goco Noncash Restructuring Charges
NoncashRestructuringCharges
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CY2021 goco Noncash Restructuring Charges
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OperatingLeaseRightOfUseAssetAmortizationExpense
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OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2022 us-gaap Other Noncash Income Expense
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CY2021 us-gaap Other Noncash Income Expense
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CY2021 us-gaap Increase Decrease In Contract With Customer Asset
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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IncreaseDecreaseInContractWithCustomerLiabilityDeferredRevenue
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CY2021 goco Increase Decrease In Contract With Customer Liability Deferred Revenue
IncreaseDecreaseInContractWithCustomerLiabilityDeferredRevenue
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CY2022 goco Increase Decrease In Contract With Customer Liability Commissions Payable
IncreaseDecreaseInContractWithCustomerLiabilityCommissionsPayable
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CY2021 us-gaap Proceeds From Long Term Lines Of Credit
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CY2021 us-gaap Payments Of Debt Extinguishment Costs
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CY2023 goco Proceeds From Payments For Advance To Affiliate Financing Activities
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CY2022 goco Proceeds From Payments For Advance To Affiliate Financing Activities
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CY2021 goco Proceeds From Payments For Advance To Affiliate Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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74345000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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84361000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
90809000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16464000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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84361000 usd
CY2023 us-gaap Interest Paid Net
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55345000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
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CY2021 us-gaap Interest Paid Net
InterestPaidNet
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CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2021 us-gaap Income Taxes Paid
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CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2023 us-gaap Use Of Estimates
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<div style="margin-top:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The preparation of the Consolidated Financial Statements in conformity with GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting periods. The Company bases its estimates on historical experience and various other assumptions that management believes are reasonable under the circumstances, the results of which form the basis for making judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates.</span></div>
CY2023 us-gaap Concentration Risk Credit Risk
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<div style="margin-top:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash, accounts receivable, unbilled receivables and commissions receivable. The maximum exposure risk of these accounts is equal to the amounts stated on the Company’s Consolidated Balance Sheets. The Company places its cash with high-credit-quality financial institutions and, at times, such deposits may be in excess of federally insured limits. To date, the Company has not experienced any losses on its cash balances and periodic evaluations of the relative credit standing of the financial institutions are performed.</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:112%">Accounts receivable, unbilled receivables and commissions receivable are primarily derived from customers located in North America. The Company performs ongoing credit evaluations of customers’ financial condition and requires no collateral from customers. The Company maintains an allowance for doubtful accounts and credit losses based upon the expected collectability of accounts receivable, unbilled receivables and commissions receivable.</span></div>
CY2021 us-gaap Goodwill Impairment Loss
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CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
2700000 usd
CY2022Q3 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
25300000 usd
CY2021 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
1100000 usd
CY2023Q4 goco Revenue From Contract With Customer Variable Consideration Disenrollment Period Threshold
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CY2023 us-gaap Advertising Expense
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CY2021 us-gaap Advertising Expense
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CY2023Q4 us-gaap Accrued Salaries Current
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53334000 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
2700000 usd
CY2022Q3 us-gaap Operating Lease Impairment Loss
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25300000 usd
CY2021 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
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CY2021 us-gaap Goodwill Impairment Loss
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386600000 usd
CY2022 us-gaap Number Of Reportable Segments
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4 segment
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1 segment
CY2023Q1 us-gaap Number Of Operating Segments
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1 segment
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29113000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
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18261000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
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26843000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
25282000 usd
CY2023 us-gaap Depreciation
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CY2022 us-gaap Depreciation
Depreciation
6400000 usd
CY2021 us-gaap Depreciation
Depreciation
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CY2023 us-gaap Capitalized Computer Software Amortization1
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7800000 usd
CY2022 us-gaap Capitalized Computer Software Amortization1
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6500000 usd
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
4200000 usd
CY2023Q4 goco Accrued Bonuses And Commissions Current
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CY2022Q4 goco Accrued Bonuses And Commissions Current
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23752000 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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CY2022 goco Impairment Loss Goodwill And Indefinite Lived Intangible Assets
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CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2022Q4 us-gaap Finite Lived Intangible Assets Net
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CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
23200000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
23200000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
16240000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
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323554000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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5091000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
8053000 usd
CY2023Q4 us-gaap Long Term Debt
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497705000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
510080000 usd
CY2023Q4 us-gaap Long Term Debt Current
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75000000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
5270000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
422705000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
504810000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
75000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
427796000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
0 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
502796000 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-11900000 usd
CY2023 goco Mandatory Prepayment Of Debt In Next12 Months
MandatoryPrepaymentOfDebtInNext12Months
75000000 usd
CY2020Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2020Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2020Q3 goco Stockholders Equity Note Number Of Shares Of Class A Common Stock Issued To Number Of Llc Interests Owned Required Ratio
StockholdersEquityNoteNumberOfSharesOfClassACommonStockIssuedToNumberOfLLCInterestsOwnedRequiredRatio
1
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q3 us-gaap Debt Instrument Convertible Threshold Trading Days
DebtInstrumentConvertibleThresholdTradingDays
20 day
CY2022Q3 us-gaap Debt Instrument Convertible Threshold Consecutive Trading Days1
DebtInstrumentConvertibleThresholdConsecutiveTradingDays1
30 day
CY2022Q3 goco Preferred Stock Convertible But Not Converted Calculation Of Purchase Price Percent Of Purchasers Original Investment Amount
PreferredStockConvertibleButNotConvertedCalculationOfPurchasePricePercentOfPurchasersOriginalInvestmentAmount
1.60
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19564000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
32124000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27297000 usd
CY2020Q3 goco Number Of Shares Of Llc Interests To Class B Common Stock Ratio
NumberOfSharesOfLLCInterestsToClassBCommonStockRatio
1
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
436000 shares
CY2022Q4 goco Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue
62.63
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y9M18D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
100000 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.30
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
5000 shares
CY2023 goco Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageGrantDateFairValue
145.79
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
21000 shares
CY2023 goco Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedInPeriodWeightedAverageGrantDateFairValue
131.05
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
41000 shares
CY2023 goco Share Based Compensation Arrangement By Share Based Payment Award Options Expired In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpiredInPeriodWeightedAverageGrantDateFairValue
149.04
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
469000 shares
CY2023Q4 goco Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue
39.54
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y3M18D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
383000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
153000 shares
CY2023Q4 goco Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageGrantDateFairValue
88.81
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y6M
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
96000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
2400000 usd
CY2022Q2 goco Share Based Compensation Arrangement By Share Based Payment Award Options Repricing Trailing Trading Days For Stock Closing Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsRepricingTrailingTradingDaysForStockClosingPrice
20 day
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
800000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
-151270000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-376384000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-534194000 usd
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-88013000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-227678000 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-344837000 usd
CY2023 goco Net Income Loss Attributable To Parent Subsequent To Reorganization Transactions
NetIncomeLossAttributableToParentSubsequentToReorganizationTransactions
-63257000 usd
CY2022 goco Net Income Loss Attributable To Parent Subsequent To Reorganization Transactions
NetIncomeLossAttributableToParentSubsequentToReorganizationTransactions
-148706000 usd
CY2021 goco Net Income Loss Attributable To Parent Subsequent To Reorganization Transactions
NetIncomeLossAttributableToParentSubsequentToReorganizationTransactions
-189357000 usd
CY2023 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3566000 usd
CY2022 us-gaap Dividends Preferred Stock
DividendsPreferredStock
943000 usd
CY2021 us-gaap Dividends Preferred Stock
DividendsPreferredStock
0 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-66823000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-66823000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-149649000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-149649000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-189357000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-189357000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9292000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9292000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8445000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8445000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7066000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7066000 shares
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-7.19
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-7.19
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-17.72
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-17.72
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-26.80
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-26.80
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-151321000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-376121000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-534929000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
205000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
501000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
711000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-151116000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-375620000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-534218000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
7000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
6000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-87000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
100000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
65000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
140000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
183000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
256000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
151000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
289000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
234000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
348000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-190000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
124000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-68000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
3000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
3000 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
475000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-258000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
154000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
764000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-24000 usd
CY2023Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
0 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.012
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.018
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.016
CY2023 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.122
CY2022 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.127
CY2021 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.135
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.008
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.102
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.106
CY2023 goco Effective Income Tax Rate Reconciliation Change In Deferred Tax Rate Percent
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxRatePercent
-0.095
CY2022 goco Effective Income Tax Rate Reconciliation Change In Deferred Tax Rate Percent
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxRatePercent
0.000
CY2021 goco Effective Income Tax Rate Reconciliation Change In Deferred Tax Rate Percent
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxRatePercent
0.014
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.014
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.001
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.001
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.002
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.000
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.001
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.002
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.000
CY2023Q4 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
149237000 usd
CY2022Q4 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
201585000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
91607000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
77148000 usd
CY2023Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
9975000 usd
CY2022Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
7887000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
548000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
997000 usd
CY2023Q4 goco Deferred Tax Assets Leasing Arrangements
DeferredTaxAssetsLeasingArrangements
241000 usd
CY2022Q4 goco Deferred Tax Assets Leasing Arrangements
DeferredTaxAssetsLeasingArrangements
251000 usd
CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
0 usd
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
681000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
648000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
251741000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
289064000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
251500000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
288813000 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
241000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
251000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
241000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
248000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
241000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
248000 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
3000 usd
CY2023 goco Deferred Tax Asset Basis Difference In Investment Increase Decrease Amount
DeferredTaxAssetBasisDifferenceInInvestmentIncreaseDecreaseAmount
-36100000 usd
CY2023Q4 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
149200000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2020Q3 goco Tax Receivable Agreement Payment Amount Percent Of Realized Or Realizable Income Tax Benefits
TaxReceivableAgreementPaymentAmountPercentOfRealizedOrRealizableIncomeTaxBenefits
0.85
CY2020Q3 goco Tax Receivable Agreement Remaining Percent Of Tax Benefits That May Be Realized
TaxReceivableAgreementRemainingPercentOfTaxBenefitsThatMayBeRealized
0.15
CY2023Q4 goco Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
800000 usd
CY2022Q4 goco Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
600000 usd
CY2023 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
0 usd
CY2022 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
-275700000 usd
CY2021 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
-165300000 usd
CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
734671000 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
631675000 usd
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1062415000 usd
CY2023Q4 goco Contract With Customer Liability Revenue Share
ContractWithCustomerLiabilityRevenueShare
14800000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
45300000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
100000 usd
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
200000 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
102000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
340000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
7952000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
8286000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
7815000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
57000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
420000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
474000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
852000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
689000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
134000 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
1577000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
1243000 usd
CY2021 us-gaap Sublease Income
SubleaseIncome
366000 usd
CY2023 us-gaap Lease Cost
LeaseCost
7284000 usd
CY2022 us-gaap Lease Cost
LeaseCost
8254000 usd
CY2021 us-gaap Lease Cost
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8397000 usd
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CY2022Q3 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
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828 position
CY2022Q3 goco Restructuring And Related Cost Number Of Positions Eliminated Percent Of Workforce
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CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
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Files In Submission

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