$IBEX
IBEX Ltd

2024 Q2 Form 10-Q Financial Statement

#000172042024000031 Filed on May 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $124.5M $126.8M $131.6M
YoY Change 0.08% -3.65% 1.93%
Cost Of Revenue $85.37M $87.08M $287.6M
YoY Change -2.27% -69.72%
Gross Profit $39.16M $39.71M $111.1M
YoY Change 5.62% -64.24%
Gross Profit Margin 31.44% 31.32% 84.39%
Selling, General & Admin $21.31M $23.57M $89.52M
YoY Change -10.17% -73.68% -3.45%
% of Gross Profit 54.41% 59.34% 80.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.608M $4.865M $8.700M
YoY Change -164.4% -44.08% 1.69%
% of Gross Profit 11.77% 12.25% 7.83%
Operating Expenses $25.91M $23.57M $117.0M
YoY Change -9.92% -79.86% -2.38%
Operating Profit $13.24M $11.28M $13.05M
YoY Change 59.45% -13.55%
Interest Expense $367.0K $307.0K -$999.0K
YoY Change 3570.0% -130.73% -82.01%
% of Operating Profit 2.77% 2.72% -7.65%
Other Income/Expense, Net
YoY Change
Pretax Income $13.24M $11.59M $13.61M
YoY Change 59.16% -14.83% 266.57%
Income Tax $3.391M $1.300M $1.907M
% Of Pretax Income 25.62% 11.22% 14.01%
Net Earnings $9.845M $10.31M $11.70M
YoY Change 118.29% -11.88% 77.33%
Net Earnings / Revenue 7.91% 8.13% 8.89%
Basic Earnings Per Share $0.59 $0.62
Diluted Earnings Per Share $0.56 $0.57 $0.61
COMMON SHARES
Basic Shares Outstanding 17.21M shares 17.57M shares 18.23M shares
Diluted Shares Outstanding 18.04M shares 19.07M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $62.72M $50.67M $43.68M
YoY Change 9.21% 16.0% 5.37%
Cash & Equivalents $62.72M $50.67M $43.68M
Short-Term Investments
Other Short-Term Assets $1.888M $2.187M $934.0K
YoY Change -13.79% 134.15% 8.35%
Inventory
Prepaid Expenses $7.712M $5.885M
Receivables $98.37M $103.3M $106.2M
Other Receivables $192.0K $164.0K $116.0K
Total Short-Term Assets $180.0M $171.4M $150.9M
YoY Change 13.46% 13.52% 2.15%
LONG-TERM ASSETS
Property, Plant & Equipment $89.01M $93.62M $110.8M
YoY Change -20.58% -15.53% -7.93%
Goodwill $11.80M $11.83M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $415.0K $430.0K $376.0K
YoY Change 11.56% 14.36% 50.4%
Other Assets $8.822M $8.782M $11.73M
YoY Change 41.61% -25.11% -9.07%
Total Long-Term Assets $113.9M $118.2M $137.8M
YoY Change -15.42% -14.2% -7.27%
TOTAL ASSETS
Total Short-Term Assets $180.0M $171.4M $150.9M
Total Long-Term Assets $113.9M $118.2M $137.8M
Total Assets $293.9M $289.6M $288.7M
YoY Change 0.2% 0.29% -2.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.72M $17.54M $60.13M
YoY Change -10.62% -70.84% 8.84%
Accrued Expenses $42.73M $43.86M
YoY Change 45.52%
Deferred Revenue $4.749M $5.396M
YoY Change -25.95%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $660.0K $585.0K $13.90M
YoY Change -95.09% -95.79% -66.58%
Total Short-Term Liabilities $71.00M $70.76M $85.48M
YoY Change -3.09% -17.21% -23.35%
LONG-TERM LIABILITIES
Long-Term Debt $867.0K $820.0K $70.39M
YoY Change -98.68% -98.84% -7.81%
Other Long-Term Liabilities $1.673M $1.728M $11.58M
YoY Change -48.71% -85.08% 0.16%
Total Long-Term Liabilities $57.11M $59.51M $81.97M
YoY Change -18.53% -27.4% -6.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $71.00M $70.76M $85.48M
Total Long-Term Liabilities $57.11M $59.51M $81.97M
Total Liabilities $128.1M $130.3M $167.4M
YoY Change -10.64% -22.2% -16.08%
SHAREHOLDERS EQUITY
Retained Earnings -$11.12M -$20.97M
YoY Change -75.16%
Common Stock $2.000K $2.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $165.8M $159.3M $121.3M
YoY Change
Total Liabilities & Shareholders Equity $293.9M $289.6M $288.7M
YoY Change 0.2% 0.29% -2.57%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income $9.845M $10.31M $11.70M
YoY Change 118.29% -11.88% 77.33%
Depreciation, Depletion And Amortization $4.608M $4.865M $8.700M
YoY Change -164.4% -44.08% 1.69%
Cash From Operating Activities $17.42M $11.43M $17.18M
YoY Change 128.82% -33.46% 43.22%
INVESTING ACTIVITIES
Capital Expenditures $2.220M $1.691M $3.757M
YoY Change -39.82% -54.99% -161.88%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $194.0K
YoY Change -100.0% -100.0% -23.62%
Cash From Investing Activities -$2.220M -$1.691M -$3.563M
YoY Change -48.32% -52.54% -38.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $597.0K
YoY Change -126.55%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.150M -8.064M -7.574M
YoY Change -130.46% 6.47% -53.07%
NET CHANGE
Cash From Operating Activities 17.42M 11.43M 17.18M
Cash From Investing Activities -2.220M -1.691M -3.563M
Cash From Financing Activities -3.150M -8.064M -7.574M
Net Change In Cash 12.05M 1.676M 6.042M
YoY Change -11.77% -72.26% -160.66%
FREE CASH FLOW
Cash From Operating Activities $17.42M $11.43M $17.18M
Capital Expenditures $2.220M $1.691M $3.757M
Free Cash Flow $15.20M $9.740M $13.42M
YoY Change 287.31% -27.43% -25.71%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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NetCashProvidedByUsedInInvestingActivities
-6635000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15316000 usd
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
153000 usd
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
43390000 usd
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
205000 usd
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
54541000 usd
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
0 usd
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
3795000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
362000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1827000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
342000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
353000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
18551000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
276000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-18583000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-13748000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-24000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-515000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6764000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5155000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57429000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48831000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50665000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43676000 usd
us-gaap Interest Paid Net
InterestPaidNet
339000 usd
us-gaap Interest Paid Net
InterestPaidNet
553000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
5428000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
2927000 usd
ibex Decrease In Accounts Payable Related To Fixed Assets
DecreaseInAccountsPayableRelatedToFixedAssets
786000 usd
ibex Decrease In Accounts Payable Related To Fixed Assets
DecreaseInAccountsPayableRelatedToFixedAssets
21000 usd
us-gaap Use Of Estimates
UseOfEstimates
The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements. Significant items subject to such estimates and assumptions include useful lives for property and equipment; impairment of long-lived assets, operating lease assets and liabilities, goodwill, and other intangible assets; allowance for credit losses; valuation allowances for deferred tax assets and other receivables; fair value of share-based compensation, warrants, and derivatives, and legal provisions. The Company bases its estimates on historical experience and other assumptions it believes are reasonable, including the use of outside experts as necessary, and updates these estimates on an ongoing basis and as new events occur, more experience is acquired and/or more information is obtained. Actual results could differ materially from these estimates.
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Company is exposed to credit risk in the normal course of business, primarily related to accounts receivable and derivative instruments. Historically, the losses related to credit risk have been immaterial. The Company regularly monitors its credit risk to mitigate losses. The Company evaluates the creditworthiness of its clients prior to and throughout the life of the client relationship. The Company does not believe it is exposed to more than a nominal amount of credit risk in its derivative instruments as all of its counterparties are investment-grade financial institutions.</span></div>
CY2024Q1 ibex Number Of Delivery Locations Impairment
NumberOfDeliveryLocationsImpairment
2 deliverylocation
CY2024Q1 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
1300000 usd
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
1300000 usd
CY2023Q1 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 usd
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 usd
CY2024Q1 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
1200000 usd
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
2400000 usd
CY2023Q1 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
0 usd
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
0 usd
CY2024Q1 us-gaap Severance Costs1
SeveranceCosts1
1500000 usd
us-gaap Severance Costs1
SeveranceCosts1
1500000 usd
CY2024Q1 us-gaap Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
1000000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
126795000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
131557000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
384038000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
398687000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
126795000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
131557000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
384038000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
398687000 usd
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
126795000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
131557000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
8097000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
9688000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
7796000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
12593000 usd
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2368000 usd
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1840000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
7301000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
9789000 usd
CY2024Q1 ibex Contract With Customer Liability Revenue Deferred
ContractWithCustomerLiabilityRevenueDeferred
969000 usd
CY2023Q1 ibex Contract With Customer Liability Revenue Deferred
ContractWithCustomerLiabilityRevenueDeferred
2024000 usd
ibex Contract With Customer Liability Revenue Deferred
ContractWithCustomerLiabilityRevenueDeferred
6203000 usd
ibex Contract With Customer Liability Revenue Deferred
ContractWithCustomerLiabilityRevenueDeferred
7068000 usd
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
6698000 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
9872000 usd
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
6698000 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
9872000 usd
CY2024Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
103424000 usd
CY2023Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
86484000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
107000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
120000 usd
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
103317000 usd
CY2023Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
86364000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
117000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
424000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
120000 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1290000 usd
CY2024Q1 ibex Accounts Receivable Credit Loss Expense
AccountsReceivableCreditLossExpense
69000 usd
CY2023Q1 ibex Accounts Receivable Credit Loss Expense
AccountsReceivableCreditLossExpense
17000 usd
ibex Accounts Receivable Credit Loss Expense
AccountsReceivableCreditLossExpense
93000 usd
ibex Accounts Receivable Credit Loss Expense
AccountsReceivableCreditLossExpense
155000 usd
CY2024Q1 ibex Accounts Receivable Credit Loss Reversal
AccountsReceivableCreditLossReversal
13000 usd
CY2023Q1 ibex Accounts Receivable Credit Loss Reversal
AccountsReceivableCreditLossReversal
29000 usd
ibex Accounts Receivable Credit Loss Reversal
AccountsReceivableCreditLossReversal
31000 usd
ibex Accounts Receivable Credit Loss Reversal
AccountsReceivableCreditLossReversal
50000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
67000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
4000 usd
CY2024Q1 ibex Accounts Receivable Allowance For Credit Loss Foreign Currency Translation
AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslation
1000 usd
CY2023Q1 ibex Accounts Receivable Allowance For Credit Loss Foreign Currency Translation
AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslation
-37000 usd
ibex Accounts Receivable Allowance For Credit Loss Foreign Currency Translation
AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslation
3000 usd
ibex Accounts Receivable Allowance For Credit Loss Foreign Currency Translation
AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslation
-69000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
107000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
371000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
371000 usd
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
5045000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
5487000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
14923000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
16360000 usd
CY2024Q1 us-gaap Variable Lease Cost
VariableLeaseCost
787000 usd
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
1043000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
2353000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
3244000 usd
CY2024Q1 ibex Lease Cost Excluding Finance Leases
LeaseCostExcludingFinanceLeases
5832000 usd
CY2023Q1 ibex Lease Cost Excluding Finance Leases
LeaseCostExcludingFinanceLeases
6530000 usd
ibex Lease Cost Excluding Finance Leases
LeaseCostExcludingFinanceLeases
17276000 usd
ibex Lease Cost Excluding Finance Leases
LeaseCostExcludingFinanceLeases
19604000 usd
CY2024Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
147000 usd
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
85000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
361000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
254000 usd
CY2024Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
64000 usd
CY2023Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
32000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
154000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
75000 usd
CY2024Q1 ibex Finance Lease Cost
FinanceLeaseCost
211000 usd
CY2023Q1 ibex Finance Lease Cost
FinanceLeaseCost
117000 usd
ibex Finance Lease Cost
FinanceLeaseCost
515000 usd
ibex Finance Lease Cost
FinanceLeaseCost
329000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
62157000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
70919000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
13073000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
13036000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
55660000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
64854000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
68733000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
77890000 usd
CY2024Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1339000 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
929000 usd
CY2024Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
585000 usd
CY2023Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
361000 usd
CY2024Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
820000 usd
CY2023Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
600000 usd
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
1405000 usd
CY2023Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
961000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
9907000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
10831000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
154000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
75000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
342000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
353000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4684000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11174000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
753000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
726000 usd
ibex Operating Lease Right Of Use Asset Reduction Due To Reassessment Of Lease Renewal Options
OperatingLeaseRightOfUseAssetReductionDueToReassessmentOfLeaseRenewalOptions
3656000 usd
ibex Operating Lease Right Of Use Asset Reduction Due To Reassessment Of Lease Renewal Options
OperatingLeaseRightOfUseAssetReductionDueToReassessmentOfLeaseRenewalOptions
0 usd
ibex Operating Lease Liability Reduction Due To Reassessment Of Lease Renewal Options
OperatingLeaseLiabilityReductionDueToReassessmentOfLeaseRenewalOptions
3689000 usd
ibex Operating Lease Liability Reduction Due To Reassessment Of Lease Renewal Options
OperatingLeaseLiabilityReductionDueToReassessmentOfLeaseRenewalOptions
0 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y2M12D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y8M12D
CY2024Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y3M18D
CY2023Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y7M6D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.103
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.092
CY2024Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.216
CY2023Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.134
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4951000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
213000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
17692000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
786000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
16340000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
570000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
16114000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
201000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
13257000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2024Q1 ibex Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
22097000 usd
CY2024Q1 ibex Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
90451000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1770000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
21718000 usd
CY2024Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
365000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
68733000 usd
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
1405000 usd
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
1405000 usd
CY2023Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
961000 usd
CY2024Q1 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
1405000 usd
CY2023Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
1013000 usd
CY2024Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
585000 usd
CY2023Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
413000 usd
CY2024Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
820000 usd
CY2023Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
600000 usd
CY2017Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P10Y
CY2017Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
1674017 shares
CY2017Q4 ibex Class Of Warrant Or Right Percentage Of Equity Fully Diluted Basis
ClassOfWarrantOrRightPercentageOfEquityFullyDilutedBasis
0.100
CY2017Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
9.42
CY2024Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1171812 shares
CY2023Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1004410 shares
CY2023Q1 ibex Warrant Contra Revenue
WarrantContraRevenue
300000 usd
CY2024Q1 ibex Warrant Contra Revenue
WarrantContraRevenue
300000 usd
ibex Warrant Contra Revenue
WarrantContraRevenue
900000 usd
ibex Warrant Contra Revenue
WarrantContraRevenue
900000 usd
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
466000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1318000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2741000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3973000 usd
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
466000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1318000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2741000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3973000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
6700000 usd
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1300000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3900000 usd
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.110
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.142
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1900000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4900000 usd
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.142
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.154
CY2024Q1 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
800000 usd
us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
3400000 usd
CY2024Q1 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.04
us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.18
CY2023Q1 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
1000000 usd
us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
2800000 usd
CY2023Q1 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.05
us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.15
CY2023Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
30000000 usd
CY2024Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
501549 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1124876 shares
CY2024Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
8100000 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
18600000 usd
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
17558 shares
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
300000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17468000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18230000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17880000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18179000 shares
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
70000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
293000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
92000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
210000 shares
CY2024Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
498000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
542000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
486000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
472000 shares
CY2024Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
568000 shares
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
835000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
578000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
682000 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18036000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19065000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18458000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18861000 shares
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
565000 shares
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
272000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
555000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
354000 shares
CY2024Q1 us-gaap Equity Method Investments
EquityMethodInvestments
400000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
380000 usd
CY2023Q2 us-gaap Equity Method Investments
EquityMethodInvestments
372000 usd
CY2022Q2 us-gaap Equity Method Investments
EquityMethodInvestments
382000 usd
CY2024Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
322000 usd
CY2023Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
280000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
849000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
607000 usd
CY2024Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
382000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
276000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
907000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
601000 usd
CY2024Q1 us-gaap Equity Method Investments
EquityMethodInvestments
430000 usd
CY2023Q1 us-gaap Equity Method Investments
EquityMethodInvestments
376000 usd
CY2024Q1 us-gaap Equity Method Investments
EquityMethodInvestments
430000 usd
CY2023Q1 us-gaap Equity Method Investments
EquityMethodInvestments
376000 usd
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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