2021 Q2 Form 10-Q Financial Statement

#000152839621000028 Filed on June 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q3 2020 Q2
Revenue $164.0M $243.7M $168.2M
YoY Change -2.5% 17.22% 3.25%
Cost Of Revenue $92.07M $87.80M $85.75M
YoY Change 7.36% 6.04% 6.82%
Gross Profit $71.90M $155.9M $82.41M
YoY Change -12.75% 24.62% -0.21%
Gross Profit Margin 43.85% 63.97% 49.01%
Selling, General & Admin $64.57M $59.30M $56.12M
YoY Change 15.06% 8.81% 9.49%
% of Gross Profit 89.81% 38.04% 68.1%
Research & Development $54.16M $52.20M $51.89M
YoY Change 4.36% 5.45% 10.17%
% of Gross Profit 75.32% 33.48% 62.97%
Depreciation & Amortization $3.400M $10.30M $3.800M
YoY Change -10.53% -5.5% 80.95%
% of Gross Profit 4.73% 6.61% 4.61%
Operating Expenses $118.7M $111.5M $108.0M
YoY Change 9.92% 7.21% 9.82%
Operating Profit -$46.83M $44.40M -$25.60M
YoY Change 82.91% 110.43% 62.36%
Interest Expense $4.698M $5.100M $4.505M
YoY Change 4.28% 96.15% 4.11%
% of Operating Profit 11.49%
Other Income/Expense, Net $5.259M -$12.36M
YoY Change -142.56% 1902.59%
Pretax Income -$44.71M $49.40M -$36.39M
YoY Change 22.86% 108.44% 180.71%
Income Tax -$8.100M $1.900M -$5.400M
% Of Pretax Income 3.85%
Net Earnings -$36.63M $38.80M -$31.04M
YoY Change 18.03% 68.7% 261.71%
Net Earnings / Revenue -22.34% 15.92% -18.46%
Basic Earnings Per Share -$0.44 -$0.37
Diluted Earnings Per Share -$0.44 $465.8K -$0.37
COMMON SHARES
Basic Shares Outstanding 83.60M shares 83.47M shares 83.02M shares
Diluted Shares Outstanding 83.60M shares 83.02M shares

Balance Sheet

Concept 2021 Q2 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.088B $1.133B $1.034B
YoY Change 5.23% 0.82% 2.88%
Cash & Equivalents $284.4M $367.0M $293.8M
Short-Term Investments $803.9M $766.5M $740.4M
Other Short-Term Assets $49.03M $46.00M $41.60M
YoY Change 17.86% 29.58% 17.18%
Inventory
Prepaid Expenses $16.67M $16.97M $16.77M
Receivables $71.79M $114.2M $79.59M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.308B $1.343B $1.224B
YoY Change 6.83% 0.62% 1.25%
LONG-TERM ASSETS
Property, Plant & Equipment $76.68M $65.24M $65.46M
YoY Change 17.14% -0.87% 18.21%
Goodwill $340.9M $340.9M $340.9M
YoY Change 0.01% 0.0% 0.0%
Intangibles $23.14M $39.71M $46.03M
YoY Change -49.73% -40.33% -37.59%
Long-Term Investments $203.7M $301.9M $291.8M
YoY Change -30.2% 34.66% 15.02%
Other Assets $33.81M $34.94M $31.68M
YoY Change 6.73% -23.29% -10.0%
Total Long-Term Assets $942.0M $1.022B $984.6M
YoY Change -4.32% 22.79% 15.9%
TOTAL ASSETS
Total Short-Term Assets $1.308B $1.343B $1.224B
Total Long-Term Assets $942.0M $1.022B $984.6M
Total Assets $2.250B $2.365B $2.209B
YoY Change 1.86% 9.13% 7.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.16M $22.63M $18.35M
YoY Change 37.14% -33.92% -44.5%
Accrued Expenses $26.16M $25.71M $21.79M
YoY Change 20.04% 57.24% -60.02%
Deferred Revenue $85.80M $118.3M $89.09M
YoY Change -3.69% 9.24% -1.73%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $214.3M $225.2M $176.7M
YoY Change 21.27% -3.05% -6.7%
LONG-TERM LIABILITIES
Long-Term Debt $340.4M $330.2M $326.9M
YoY Change 4.11% 4.07% 4.04%
Other Long-Term Liabilities $10.86M $18.59M $3.099M
YoY Change 250.44% -5.38% -60.85%
Total Long-Term Liabilities $10.86M $18.59M $3.099M
YoY Change 250.44% -5.38% -60.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $214.3M $225.2M $176.7M
Total Long-Term Liabilities $10.86M $18.59M $3.099M
Total Liabilities $693.5M $708.1M $622.9M
YoY Change 11.34% 19.46% 16.92%
SHAREHOLDERS EQUITY
Retained Earnings -$26.33M $163.0M $124.2M
YoY Change -121.2% -14.25% -25.66%
Common Stock $1.588B $1.499B $1.471B
YoY Change 7.94% 7.7% 7.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.556B $1.657B $1.586B
YoY Change
Total Liabilities & Shareholders Equity $2.250B $2.365B $2.209B
YoY Change 1.86% 9.13% 7.29%

Cashflow Statement

Concept 2021 Q2 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income -$36.63M $38.80M -$31.04M
YoY Change 18.03% 68.7% 261.71%
Depreciation, Depletion And Amortization $3.400M $10.30M $3.800M
YoY Change -10.53% -5.5% 80.95%
Cash From Operating Activities $5.633M $107.2M $4.600M
YoY Change 22.46% 4.28% -82.51%
INVESTING ACTIVITIES
Capital Expenditures -$9.631M -$3.500M -$8.700M
YoY Change 10.7% -80.45% -53.72%
Acquisitions
YoY Change
Other Investing Activities $36.47M -$35.70M $80.30M
YoY Change -54.59% -82.3% 5635.71%
Cash From Investing Activities $26.94M -$39.20M $71.50M
YoY Change -62.33% -82.13% -508.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -79.76M 1.900M 1.900M
YoY Change -4297.63% -9.52% 137.5%
NET CHANGE
Cash From Operating Activities 5.633M 107.2M 4.600M
Cash From Investing Activities 26.94M -39.20M 71.50M
Cash From Financing Activities -79.76M 1.900M 1.900M
Net Change In Cash -47.19M 69.90M 78.00M
YoY Change -160.49% -161.05% 712.5%
FREE CASH FLOW
Cash From Operating Activities $5.633M $107.2M $4.600M
Capital Expenditures -$9.631M -$3.500M -$8.700M
Free Cash Flow $15.26M $110.7M $13.30M
YoY Change 14.77% -8.29% -70.51%

Facts In Submission

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CY2020Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2020Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020Q2 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2021Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2021Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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CY2019Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2019Q4 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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CY2019Q4 us-gaap Stockholders Equity
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CY2020Q1 us-gaap Profit Loss
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CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2020Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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CY2020Q1 us-gaap Stockholders Equity
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ProfitLoss
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CY2020Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2020Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
200000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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CY2020Q2 us-gaap Stockholders Equity
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
32255000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
10143000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
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us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
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us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
5610000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
76075000 USD
gwre Accounts Receivable Net Change To Revenue Reserves
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gwre Accounts Receivable Net Change To Revenue Reserves
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us-gaap Deferred Income Taxes And Tax Credits
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us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-4922000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
2366000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
47887000 USD
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
44740000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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4587000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
10147000 USD
gwre Increase Decrease In Operating Lease Right Of Use Asset
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gwre Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
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us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-118000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
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us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
16451000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
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us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
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us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-25735000 USD
gwre Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
28000 USD
gwre Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-12712000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-878000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3233000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5907000 USD
us-gaap Payments To Acquire Available For Sale Securities
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us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
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us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
127331000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
93418000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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685559000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
811541000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12412000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18966000 USD
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
7619000 USD
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
3273000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
2000000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
32637000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
33408000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1922000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3077000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3077000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2264000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
39714000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
366969000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
254101000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
284448000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
293815000 USD
us-gaap Interest Paid Net
InterestPaidNet
5000000 USD
us-gaap Interest Paid Net
InterestPaidNet
5000000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3492000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4307000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2371000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
622000 USD
gwre Capitalized Software Costs Incurred But Not Yet Paid
CapitalizedSoftwareCostsIncurredButNotYetPaid
616000 USD
gwre Capitalized Software Costs Incurred But Not Yet Paid
CapitalizedSoftwareCostsIncurredButNotYetPaid
263000 USD
gwre Stock Repurchase Costs Incurred But Not Yet Paid
StockRepurchaseCostsIncurredButNotYetPaid
1230000 USD
gwre Stock Repurchase Costs Incurred But Not Yet Paid
StockRepurchaseCostsIncurredButNotYetPaid
0 USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassification</span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Beginning with the Annual Report on Form 10-K for fiscal year 2020, the Company changed the presentation in the consolidated statements of operations for revenue and cost of revenue to include subtotals for "subscription and support," "license," and "services". The Company's previous presentation included subtotals for "license and subscription," "maintenance" (now referred to as "support"), and "services". Accordingly, prior period amounts have been reclassified to conform to the current period presentation in the Company's condensed consolidated financial statements. Additionally, certain prior period amounts within operating activities in the condensed consolidated statements of cash flows have been reclassified to conform to the current period presentation.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:14pt;text-align:justify;text-indent:18pt"><span style="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="margin-top:5pt;text-align:justify;text-indent:18pt"><span style="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, accounts receivable allowances, valuation allowance for deferred tax assets, stock-based compensation, annual bonus attainment, income tax uncertainties, fair value of convertible senior notes and investments, valuation of goodwill and intangible assets, fair value of acquired assets and assumed liabilities, 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="margin-top:14pt;text-align:justify;text-indent:18pt"><span style="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="margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash, cash equivalents, investments, accounts receivable and unbilled 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>
CY2020Q2 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.10
CY2021Q2 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.10
us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.10
us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.10
CY2020Q2 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.10
CY2021Q2 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.10
us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.10
us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.10
CY2020Q3 gwre Entity Wide Accounts Receivable Major Customer Percentage
EntityWideAccountsReceivableMajorCustomerPercentage
0.10
CY2021Q2 gwre Entity Wide Accounts Receivable Major Customer Percentage
EntityWideAccountsReceivableMajorCustomerPercentage
0.10
us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
Subscriptions are typically sold with a three to five year initial term with a customer option to renew on an annual basis after the initial term. Term licenses generally have a two-year initial term with a customer option to renew on an annual basis after the initial term. In certain circumstances, the Company will enter into term licenses with an initial term of more than two years or a renewal period longer than one year. Support for term licenses follows the same contract periods. Professional services typically are time and materials contracts that last for an average period of approximately one year.
CY2021Q2 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P5Y
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
163968000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
168165000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
513832000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
498633000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
163968000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
168165000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
513832000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
498633000 USD
CY2020Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
84228000 USD
CY2021Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
132115000 USD
CY2021Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
35220000 USD
CY2020Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
34809000 USD
CY2021Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
94915000 USD
CY2020Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
132996000 USD
CY2020Q3 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
0 USD
CY2021Q2 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
0 USD
CY2021Q2 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
11100000 USD
CY2020Q3 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
9600000 USD
CY2021Q2 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
24100000 USD
CY2020Q3 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
25200000 USD
CY2021Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
3100000 USD
CY2020Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
2200000 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
8500000 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
5600000 USD
CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
23500000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
106100000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
596000000 USD
CY2021Q2 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
1175605000 USD
CY2021Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1060000 USD
CY2021Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
77000 USD
CY2021Q2 us-gaap Available For Sale Securities
AvailableForSaleSecurities
1176588000 USD
CY2020Q3 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
1354632000 USD
CY2020Q3 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
4432000 USD
CY2020Q3 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
119000 USD
CY2020Q3 us-gaap Available For Sale Securities
AvailableForSaleSecurities
1358945000 USD
CY2021Q2 gwre Available For Sale Securities Debt Maturities Current
AvailableForSaleSecuritiesDebtMaturitiesCurrent
976095000 USD
CY2021Q2 gwre Available For Sale Securities Debt Maturities Noncurrent
AvailableForSaleSecuritiesDebtMaturitiesNoncurrent
200493000 USD
CY2021Q2 us-gaap Available For Sale Securities
AvailableForSaleSecurities
1176588000 USD
CY2021Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
172210000 USD
CY2021Q2 us-gaap Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
803885000 USD
CY2021Q2 us-gaap Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
200493000 USD
CY2021Q2 us-gaap Available For Sale Securities
AvailableForSaleSecurities
1176588000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
291647000 USD
CY2020Q3 us-gaap Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
766527000 USD
CY2020Q3 us-gaap Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
300771000 USD
CY2020Q3 us-gaap Available For Sale Securities
AvailableForSaleSecurities
1358945000 USD
CY2021Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
460000000.0 USD
CY2020Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
480000000.0 USD
CY2021Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
72997000 USD
CY2020Q3 us-gaap Accounts Receivable Gross
AccountsReceivableGross
115518000 USD
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1212000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1276000 USD
CY2021Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
71785000 USD
CY2020Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
114242000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1276000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
gwre Accounts Receivable Net Change To Revenue Reserves
AccountsReceivableNetChangeToRevenueReserves
-10000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
74000 USD
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1212000 USD
CY2021Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
16670000 USD
CY2020Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
16969000 USD
CY2021Q2 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
11110000 USD
CY2020Q3 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
9588000 USD
CY2021Q2 us-gaap Deferred Costs Current
DeferredCostsCurrent
8771000 USD
CY2020Q3 us-gaap Deferred Costs Current
DeferredCostsCurrent
8399000 USD
CY2021Q2 gwre Deposits And Other Receivables Current
DepositsAndOtherReceivablesCurrent
12477000 USD
CY2020Q3 gwre Deposits And Other Receivables Current
DepositsAndOtherReceivablesCurrent
11033000 USD
CY2021Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
49028000 USD
CY2020Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
45989000 USD
CY2021Q2 gwre Computer Hardware Gross
ComputerHardwareGross
17731000 USD
CY2020Q3 gwre Computer Hardware Gross
ComputerHardwareGross
16791000 USD
CY2021Q2 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
6033000 USD
CY2020Q3 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
5445000 USD
CY2021Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
21179000 USD
CY2020Q3 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
11620000 USD
CY2021Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
12397000 USD
CY2020Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
11438000 USD
CY2021Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
10700000 USD
CY2020Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
9792000 USD
CY2021Q2 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
55380000 USD
CY2020Q3 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
46165000 USD
CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
123420000 USD
CY2020Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
101251000 USD
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
46739000 USD
CY2020Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
36016000 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
76681000 USD
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
65235000 USD
CY2020Q3 gwre Property And Equipment Pledged As Collateral
PropertyAndEquipmentPledgedAsCollateral
0 USD
CY2021Q2 gwre Property And Equipment Pledged As Collateral
PropertyAndEquipmentPledgedAsCollateral
0 USD
CY2021Q2 us-gaap Depreciation
Depreciation
3400000 USD
CY2020Q2 us-gaap Depreciation
Depreciation
3800000 USD
us-gaap Depreciation
Depreciation
10500000 USD
us-gaap Depreciation
Depreciation
11000000.0 USD
CY2021Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
900000 USD
CY2020Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
300000 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
2300000 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
800000 USD
CY2021Q2 us-gaap Goodwill
Goodwill
340900000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
140700000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
117559000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
23141000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
140700000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
100992000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
39708000 USD
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3900000 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6600000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16600000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20500000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
3398000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
11143000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3799000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2379000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1938000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
484000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
23141000 USD
CY2021Q2 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
3036000 USD
CY2020Q3 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
2830000 USD
CY2021Q2 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
24110000 USD
CY2020Q3 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
25221000 USD
CY2021Q2 us-gaap Deferred Costs
DeferredCosts
3496000 USD
CY2020Q3 us-gaap Deferred Costs
DeferredCosts
5729000 USD
CY2021Q2 gwre Strategic Investments Noncurrent
StrategicInvestmentsNoncurrent
3172000 USD
CY2020Q3 gwre Strategic Investments Noncurrent
StrategicInvestmentsNoncurrent
1164000 USD
CY2021Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
33814000 USD
CY2020Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
34944000 USD
CY2021Q2 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
2000000.0 USD
CY2020Q2 gwre Strategic Investment Impairment Loss
StrategicInvestmentImpairmentLoss
10700000 USD
CY2021Q2 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
32644000 USD
CY2020Q3 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
20188000 USD
CY2021Q2 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
2492000 USD
CY2020Q3 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
7201000 USD
CY2021Q2 us-gaap Accrued Vacation Current
AccruedVacationCurrent
24309000 USD
CY2020Q3 us-gaap Accrued Vacation Current
AccruedVacationCurrent
20637000 USD
CY2021Q2 gwre Other Payroll Accruals Current
OtherPayrollAccrualsCurrent
17739000 USD
CY2020Q3 gwre Other Payroll Accruals Current
OtherPayrollAccrualsCurrent
10521000 USD
CY2021Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
77184000 USD
CY2020Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
58547000 USD
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11502000 USD
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10936000 USD
CY2021Q2 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
7016000 USD
CY2020Q3 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
6651000 USD
CY2021Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3731000 USD
CY2020Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3817000 USD
CY2021Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3906000 USD
CY2020Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4302000 USD
CY2021Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
26155000 USD
CY2020Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
25706000 USD
us-gaap Sublease Income
SubleaseIncome
1144000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-36633000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-31038000 USD
us-gaap Profit Loss
ProfitLoss
-65475000 USD
us-gaap Profit Loss
ProfitLoss
-65973000 USD
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.44
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.37
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.78
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.80
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.44
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.37
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.78
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.80
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83600327 shares
CY2018Q1 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
387200000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83600327 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83024291 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83024291 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83693045 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83693045 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82701267 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82701267 shares
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
3802000 USD
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
4375000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
13247000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
11544000 USD
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1487000 USD
CY2020Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1396000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
4018000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
4031000 USD
CY2021Q2 us-gaap Sublease Income
SubleaseIncome
397000 USD
CY2020Q2 us-gaap Sublease Income
SubleaseIncome
382000 USD
us-gaap Sublease Income
SubleaseIncome
1189000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
1000000.0 USD
CY2021Q2 us-gaap Lease Cost
LeaseCost
5465000 USD
CY2020Q2 us-gaap Lease Cost
LeaseCost
4816000 USD
us-gaap Lease Cost
LeaseCost
16076000 USD
us-gaap Lease Cost
LeaseCost
14431000 USD
CY2021Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
200000 USD
CY2020Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
300000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
800000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3025000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
17967000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
16726000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
16632000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
17001000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
86022000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
157373000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
27001000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
130372000 USD
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
100813000 USD
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
103797000 USD
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11502000 USD
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10936000 USD
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
118870000 USD
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
119408000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
130372000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
130344000 USD
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y11M4D
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y3M7D
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0419
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0434
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
4194000 USD
CY2020Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
4361000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
13561000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
8945000 USD
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
-77000 USD
CY2020Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
114000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6437000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
600000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
-3100000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
-3100000 USD
CY2020Q3 gwre Indemnification Agreement Reimbursement Paid
IndemnificationAgreementReimbursementPaid
0 USD
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
28223000 USD
CY2021Q2 gwre Indemnification Agreement Reimbursement Paid
IndemnificationAgreementReimbursementPaid
0 USD
CY2020Q3 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
0 customer
CY2021Q2 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
0 customer
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
28568000 USD
CY2020Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
24905000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
87171000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
76358000 USD
CY2021Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
345000 USD
CY2020Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
124000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
968000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
283000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
28223000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
24781000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
86203000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
76075000 USD
CY2020Q3 us-gaap Share Price
SharePrice
117.66
CY2020Q2 us-gaap Share Based Compensation
ShareBasedCompensation
24781000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
86203000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
76075000 USD
CY2021Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
242140000 USD
CY2021Q2 us-gaap Share Price
SharePrice
105.51
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
80332 shares
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
29.80
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y2M12D
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
7058000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
52231 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
36.81
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1122 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3824000 USD
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
11.24
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
26979 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.00
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y3M18D
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2388000 USD
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
26979 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
17.00
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y3M18D
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
2388000 USD
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
26351 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
17.13
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P5Y3M18D
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
2329000 USD
CY2021Q2 us-gaap Share Price
SharePrice
105.51
CY2020Q3 us-gaap Share Price
SharePrice
117.66
CY2021Q2 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
79900000 USD
CY2020Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
83280955 shares
CY2021Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
83280955 shares
CY2020Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
83461925 shares
CY2020Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
83461925 shares
CY2020Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
5000000 shares
CY2020Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
200000000.0 USD
CY2021Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
764782 shares
CY2021Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
104.47
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1123341 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
110.21
us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
123800000 USD
CY2021Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
76200000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5400000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-8100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-33000000.0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7800000 USD
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.18
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.34
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021Q2 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
300000 USD
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-5700000 USD
CY2021Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
11800000 USD
CY2020Q3 gwre Long Lived Assets Property Plant And Equipment Net Including Intangibles And Goodwill
LongLivedAssetsPropertyPlantAndEquipmentNetIncludingIntangiblesAndGoodwill
169032000 USD
CY2021Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2021Q2 gwre Long Lived Assets Property Plant And Equipment Net Including Intangibles And Goodwill
LongLivedAssetsPropertyPlantAndEquipmentNetIncludingIntangiblesAndGoodwill
177494000 USD

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