2020 Q1 Form 10-Q Financial Statement

#000152839620000012 Filed on March 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $173.5M $169.3M
YoY Change 2.48% 3.34%
Cost Of Revenue $83.60M $79.68M
YoY Change 4.91% 17.58%
Gross Profit $89.86M $88.85M
YoY Change 1.13% -7.46%
Gross Profit Margin 51.81% 52.49%
Selling, General & Admin $57.94M $48.71M
YoY Change 18.94% -8.13%
% of Gross Profit 64.47% 54.82%
Research & Development $49.95M $46.47M
YoY Change 7.49% 6.45%
% of Gross Profit 55.59% 52.3%
Depreciation & Amortization $3.800M $2.300M
YoY Change 65.22% 21.05%
% of Gross Profit 4.23% 2.59%
Operating Expenses $107.9M $95.19M
YoY Change 13.35% -1.55%
Operating Profit -$18.03M -$6.331M
YoY Change 184.79% 852.03%
Interest Expense $4.462M $4.287M
YoY Change 4.08% 61142.86%
% of Operating Profit
Other Income/Expense, Net -$182.0K $1.148M
YoY Change -115.85% -30.76%
Pretax Income -$15.72M -$1.917M
YoY Change 719.82% -174.91%
Income Tax $4.200M -$1.900M
% Of Pretax Income
Net Earnings -$19.94M -$1.000K
YoY Change 1994300.0% -100.0%
Net Earnings / Revenue -11.5% 0.0%
Basic Earnings Per Share -$0.24 $0.00
Diluted Earnings Per Share -$0.24 $0.00
COMMON SHARES
Basic Shares Outstanding 82.73M shares 81.22M shares
Diluted Shares Outstanding 82.73M shares 81.22M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.055B $1.066B
YoY Change -1.03% 111.08%
Cash & Equivalents $218.5M $360.2M
Short-Term Investments $836.9M $706.2M
Other Short-Term Assets $41.10M $30.30M
YoY Change 35.64% -10.09%
Inventory
Prepaid Expenses $16.11M $12.95M
Receivables $101.2M $119.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.248B $1.264B
YoY Change -1.25% 97.8%
LONG-TERM ASSETS
Property, Plant & Equipment $66.67M $30.02M
YoY Change 122.12% 85.23%
Goodwill $340.9M $340.9M
YoY Change 0.0% -0.69%
Intangibles $52.63M $81.04M
YoY Change -35.05% -26.78%
Long-Term Investments $285.2M $182.5M
YoY Change 56.27% 143.33%
Other Assets $43.09M $45.55M
YoY Change -5.4% 120.52%
Total Long-Term Assets $973.6M $754.5M
YoY Change 29.04% 17.02%
TOTAL ASSETS
Total Short-Term Assets $1.248B $1.264B
Total Long-Term Assets $973.6M $754.5M
Total Assets $2.222B $2.018B
YoY Change 10.07% 57.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.99M $20.97M
YoY Change 23.95% 12.91%
Accrued Expenses $23.13M $44.40M
YoY Change -47.91% 31.75%
Deferred Revenue $89.04M $90.98M
YoY Change -2.13%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $182.6M $169.7M
YoY Change 7.61% -1.77%
LONG-TERM LIABILITIES
Long-Term Debt $323.7M $311.1M
YoY Change 4.05%
Other Long-Term Liabilities $1.475M $1.739M
YoY Change -15.18% 6.62%
Total Long-Term Liabilities $1.475M $1.739M
YoY Change -15.18% 6.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $182.6M $169.7M
Total Long-Term Liabilities $1.475M $1.739M
Total Liabilities $629.0M $503.9M
YoY Change 24.82% 156.84%
SHAREHOLDERS EQUITY
Retained Earnings $155.2M $175.3M
YoY Change -11.46% 77.62%
Common Stock $1.445B $1.347B
YoY Change 7.28% 35.53%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.593B $1.513B
YoY Change
Total Liabilities & Shareholders Equity $2.222B $2.018B
YoY Change 10.07% 57.23%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$19.94M -$1.000K
YoY Change 1994300.0% -100.0%
Depreciation, Depletion And Amortization $3.800M $2.300M
YoY Change 65.22% 21.05%
Cash From Operating Activities $19.40M $14.20M
YoY Change 36.62% -70.17%
INVESTING ACTIVITIES
Capital Expenditures -$2.500M -$8.800M
YoY Change -71.59% 193.33%
Acquisitions
YoY Change
Other Investing Activities $21.80M -$37.20M
YoY Change -158.6% -61.69%
Cash From Investing Activities $19.40M -$46.00M
YoY Change -142.17% -54.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 800.0K 400.0K
YoY Change 100.0% 33.33%
NET CHANGE
Cash From Operating Activities 19.40M 14.20M
Cash From Investing Activities 19.40M -46.00M
Cash From Financing Activities 800.0K 400.0K
Net Change In Cash 39.60M -31.40M
YoY Change -226.11% -39.85%
FREE CASH FLOW
Cash From Operating Activities $19.40M $14.20M
Capital Expenditures -$2.500M -$8.800M
Free Cash Flow $21.90M $23.00M
YoY Change -4.78% -54.55%

Facts In Submission

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241000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
33000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
273000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-13000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
273000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-576000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1159000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
606000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
194000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-20520000 USD
CY2019Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1158000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-34329000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6502000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
1574201000 USD
CY2019Q4 us-gaap Profit Loss
ProfitLoss
-14991000 USD
CY2019Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
368000 USD
CY2019Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2019Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
24765000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
133000 USD
CY2019Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1003000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-46000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
1585525000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-19944000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
872000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
26688000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-422000 USD
CY2020Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-121000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
33000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
1592565000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
1413616000 USD
CY2018Q4 us-gaap Profit Loss
ProfitLoss
6309000 USD
CY2018Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
689000 USD
CY2018Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2018Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
23210000 USD
CY2018Q4 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
0 USD
CY2018Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-812000 USD
CY2018Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-153000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1487198000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
-1000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
413000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
24329000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
235000 USD
CY2019Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1197000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
273000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
1513098000 USD
us-gaap Profit Loss
ProfitLoss
-34935000 USD
us-gaap Profit Loss
ProfitLoss
6308000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
21644000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
19441000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6354000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6013000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
51294000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
47707000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
878000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-4361000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-6762000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
2012000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
3816000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-572000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-575000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-36259000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4414000 USD
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
17018000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3527000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
885000 USD
gwre Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
-4493000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-4032000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-14475000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-28794000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-15262000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-23583000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-27490000 USD
gwre Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
241000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-2137000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1111000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1336000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-12959000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
601403000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
462902000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
576749000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
410583000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11254000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11006000 USD
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
2210000 USD
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
1163000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-38118000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-64488000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1239000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1103000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1239000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1103000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-95000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-627000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-35638000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-76971000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
254101000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
437140000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
218463000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
360169000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2668000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2540000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6516000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3609000 USD
gwre Capitalized Software Costs Incurred But Not Yet Paid
CapitalizedSoftwareCostsIncurredButNotYetPaid
37000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-indent:18pt;text-align:justify;margin-top:14pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Use of Estimates</span></div><div style="text-indent:18pt;text-align:justify;margin-top:5pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The preparation of the accompanying condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions about future events that affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenue and expenses. Significant items subject to such estimates include, but are not limited to, revenue recognition, the useful lives of property and equipment and intangible assets, allowance for doubtful accounts and revenue reserves, valuation allowance for deferred tax assets, stock-based compensation, annual bonus attainment, income tax uncertainties, fair value of convertible senior notes, valuation of goodwill and intangible assets, software development costs to be capitalized, and contingencies. These estimates and assumptions are based on management’s best estimates and judgment. Management regularly evaluates its estimates and assumptions using historical experience and other factors; however, actual results could differ from these estimates.</span></div>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="text-indent:18pt;text-align:justify;margin-top:14pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Concentration of Credit Risk</span></div><div style="text-indent:18pt;text-align:justify;margin-top:5pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash, cash equivalents, investments, and accounts receivable. The Company maintains its cash, cash equivalents, and investments with high quality financial institutions. The Company is exposed to credit risk for cash held in financial institutions in the event of a default to the extent that such amounts recorded in the condensed consolidated balance sheets are in excess of amounts that are insured by the Federal Deposit Insurance Corporation.</span></div>
CY2019Q1 gwre Number Of Customers Concentration Of Credit Risk
NumberOfCustomersConcentrationOfCreditRisk
0 customer
gwre Number Of Customers Concentration Of Credit Risk
NumberOfCustomersConcentrationOfCreditRisk
0 customer
gwre Number Of Customers Concentration Of Credit Risk
NumberOfCustomersConcentrationOfCreditRisk
0 customer
CY2020Q1 gwre Number Of Customers Concentration Of Credit Risk
NumberOfCustomersConcentrationOfCreditRisk
0 customer
CY2019Q1 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.10
us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.10
us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.10
CY2020Q1 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.10
CY2019Q3 gwre Entity Wide Accounts Receivable Major Customer Percentage
EntityWideAccountsReceivableMajorCustomerPercentage
0.10
CY2020Q1 gwre Entity Wide Accounts Receivable Major Customer Percentage
EntityWideAccountsReceivableMajorCustomerPercentage
0.10
CY2020Q1 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P5Y
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
173458000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
168534000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
330468000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
348789000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
173458000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
168534000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
330468000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
348789000 USD
CY2020Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
63121000 USD
CY2019Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
46103000 USD
CY2020Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
30157000 USD
CY2019Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
30390000 USD
CY2020Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
108248000 USD
CY2019Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
131831000 USD
CY2020Q1 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
7900000 USD
CY2019Q3 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
7000000.0 USD
CY2020Q1 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
22200000 USD
CY2019Q3 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
23400000 USD
CY2020Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
2000000.0 USD
CY2019Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1300000 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
3400000 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
2400000 USD
CY2020Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
24700000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
59000000.0 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
384100000 USD
CY2020Q1 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
1268711000 USD
CY2020Q1 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
2741000 USD
CY2020Q1 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
22000 USD
CY2020Q1 us-gaap Available For Sale Securities
AvailableForSaleSecurities
1271430000 USD
CY2019Q3 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
1258361000 USD
CY2019Q3 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1710000 USD
CY2019Q3 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
169000 USD
CY2019Q3 us-gaap Available For Sale Securities
AvailableForSaleSecurities
1259902000 USD
CY2020Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
19805000 USD
CY2020Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
22000 USD
CY2020Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
0 USD
CY2020Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 USD
CY2020Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
19805000 USD
CY2020Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
22000 USD
CY2020Q1 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
8 investment
CY2020Q1 gwre Available For Sale Securities Debt Maturities Current
AvailableForSaleSecuritiesDebtMaturitiesCurrent
996867000 USD
CY2020Q1 gwre Available For Sale Securities Debt Maturities Non Current
AvailableForSaleSecuritiesDebtMaturitiesNonCurrent
274563000 USD
CY2020Q1 us-gaap Available For Sale Securities
AvailableForSaleSecurities
1271430000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
159928000 USD
CY2020Q1 us-gaap Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
836939000 USD
CY2020Q1 us-gaap Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
274563000 USD
CY2020Q1 us-gaap Available For Sale Securities
AvailableForSaleSecurities
1271430000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
176242000 USD
CY2019Q3 us-gaap Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
870136000 USD
CY2019Q3 us-gaap Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
213524000 USD
CY2019Q3 us-gaap Available For Sale Securities
AvailableForSaleSecurities
1259902000 USD
CY2020Q1 us-gaap Accounts Receivable Gross
AccountsReceivableGross
103012000 USD
CY2019Q3 us-gaap Accounts Receivable Gross
AccountsReceivableGross
139884000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1841000 USD
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1441000 USD
CY2020Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
101171000 USD
CY2019Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
138443000 USD
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1441000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
878000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
478000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1841000 USD
CY2020Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
16112000 USD
CY2019Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
11926000 USD
CY2020Q1 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
7912000 USD
CY2019Q3 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
7015000 USD
CY2020Q1 us-gaap Deferred Costs Current
DeferredCostsCurrent
7806000 USD
CY2019Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
300000 USD
CY2019Q3 us-gaap Deferred Costs Current
DeferredCostsCurrent
7030000 USD
CY2020Q1 gwre Deposits And Other Receivables Current
DepositsAndOtherReceivablesCurrent
9284000 USD
CY2019Q3 gwre Deposits And Other Receivables Current
DepositsAndOtherReceivablesCurrent
9595000 USD
CY2020Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
41114000 USD
CY2019Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
35566000 USD
CY2020Q1 gwre Computer Hardware Gross
ComputerHardwareGross
19165000 USD
CY2019Q3 gwre Computer Hardware Gross
ComputerHardwareGross
17799000 USD
CY2020Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
5464000 USD
CY2019Q3 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
6741000 USD
CY2020Q1 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
9035000 USD
CY2019Q3 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
7374000 USD
CY2020Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
11462000 USD
CY2019Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
10455000 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
500000 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
600000 USD
CY2020Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
9314000 USD
CY2019Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
8137000 USD
CY2020Q1 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
50929000 USD
CY2019Q3 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
48191000 USD
CY2020Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
105369000 USD
CY2019Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
98697000 USD
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CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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CY2020Q1 us-gaap Number Of Operating Segments
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