2023 Q1 Form 10-K Financial Statement

#000149315223007974 Filed on March 16, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $66.00M $78.60M $285.4M
YoY Change 8.91% 17.31% 36.62%
Cost Of Revenue $10.90M $23.30M $49.30M
YoY Change -21.58% 43.83% -2.76%
Gross Profit $55.10M $55.30M $236.1M
YoY Change 17.99% 8.86% 49.24%
Gross Profit Margin 83.48% 70.36% 82.73%
Selling, General & Admin $31.40M $33.20M $115.6M
YoY Change 6.08% -0.9% 4.9%
% of Gross Profit 56.99% 60.04% 48.96%
Research & Development $16.10M
YoY Change 16.67%
% of Gross Profit 6.82%
Depreciation & Amortization $8.900M $8.900M $21.60M
YoY Change -11.88% -17.59% -54.04%
% of Gross Profit 16.15% 16.09% 9.15%
Operating Expenses $31.40M $42.10M $131.7M
YoY Change -20.91% -4.97% -16.22%
Operating Profit $6.100M $13.20M $48.90M
YoY Change -12.86% 103.08% 4790.0%
Interest Expense $6.300M -$6.700M $25.40M
YoY Change -196.92% -27.96% -165.46%
% of Operating Profit 103.28% -50.76% 51.94%
Other Income/Expense, Net -$6.200M $200.0K -$23.40M
YoY Change -2166.67% 0.0% -2227.27%
Pretax Income -$100.0K $5.900M $25.50M
YoY Change -106.25% -318.52% -166.58%
Income Tax $100.0K $2.800M $3.200M
% Of Pretax Income 47.46% 12.55%
Net Earnings -$200.0K $3.100M $22.30M
YoY Change -113.33% -358.33% -160.76%
Net Earnings / Revenue -0.3% 3.94% 7.81%
Basic Earnings Per Share -$0.01 $0.84
Diluted Earnings Per Share -$0.01 $0.11 $0.77
COMMON SHARES
Basic Shares Outstanding 26.25M shares 25.87M shares 26.45M shares
Diluted Shares Outstanding 26.16M shares 29.04M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.80M $25.00M $25.00M
YoY Change -31.86% -47.7% -47.7%
Cash & Equivalents $27.80M $25.00M
Short-Term Investments
Other Short-Term Assets $31.10M $32.10M $32.10M
YoY Change 17.8% 8.08% 84.48%
Inventory $36.50M $31.00M $31.00M
Prepaid Expenses
Receivables $33.00M $40.50M $40.50M
Other Receivables $0.00 $0.00
Total Short-Term Assets $128.4M $128.6M $128.6M
YoY Change -1.0% 1.74% 1.74%
LONG-TERM ASSETS
Property, Plant & Equipment $47.70M $44.70M $53.00M
YoY Change -17.47% -26.72% -13.11%
Goodwill $75.80M $73.90M
YoY Change -10.64%
Intangibles $14.60M
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.800M $3.400M $3.400M
YoY Change -55.29% -52.11% 3.03%
Total Long-Term Assets $188.1M $180.8M $180.8M
YoY Change -6.09% -11.93% -11.93%
TOTAL ASSETS
Total Short-Term Assets $128.4M $128.6M $128.6M
Total Long-Term Assets $188.1M $180.8M $180.8M
Total Assets $316.5M $309.4M $309.4M
YoY Change -4.09% -6.72% -6.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.20M $25.70M $25.70M
YoY Change -8.64% 23.56% 23.56%
Accrued Expenses $34.90M $28.50M $31.30M
YoY Change -15.09% -20.61% -10.06%
Deferred Revenue $5.100M $4.800M
YoY Change -37.66%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.000M $1.000M
YoY Change 11.11% 11.11%
Total Short-Term Liabilities $73.20M $74.70M $74.70M
YoY Change -11.49% -8.34% -8.34%
LONG-TERM LIABILITIES
Long-Term Debt $285.5M $277.6M $278.8M
YoY Change -6.12% -10.71% -10.32%
Other Long-Term Liabilities $2.200M $4.000M $13.60M
YoY Change -86.16% -76.88% -21.39%
Total Long-Term Liabilities $287.7M $281.6M $292.4M
YoY Change -10.09% -14.2% -10.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $73.20M $74.70M $74.70M
Total Long-Term Liabilities $287.7M $281.6M $292.4M
Total Liabilities $370.9M $367.1M $367.1M
YoY Change -7.9% -10.4% -10.4%
SHAREHOLDERS EQUITY
Retained Earnings -$482.4M -$482.2M
YoY Change -2.41%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$54.40M -$57.70M -$57.70M
YoY Change
Total Liabilities & Shareholders Equity $316.5M $309.4M $309.4M
YoY Change -4.73% -6.72% -6.72%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$200.0K $3.100M $22.30M
YoY Change -113.33% -358.33% -160.76%
Depreciation, Depletion And Amortization $8.900M $8.900M $21.60M
YoY Change -11.88% -17.59% -54.04%
Cash From Operating Activities $14.80M -$5.100M $34.70M
YoY Change 190.2% 537.5% 459.68%
INVESTING ACTIVITIES
Capital Expenditures $6.100M $9.000M $21.20M
YoY Change -159.22% -225.0% -183.46%
Acquisitions
YoY Change
Other Investing Activities -$600.0K $0.00 -$600.0K
YoY Change 0.0% -100.0% -95.2%
Cash From Investing Activities -$11.50M -$9.000M -$40.40M
YoY Change 5.5% -54.31% 6.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $10.40M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$500.0K -700.0K -$11.00M
YoY Change 400.0% -102.31% -135.26%
NET CHANGE
Cash From Operating Activities $14.80M -5.100M $34.70M
Cash From Investing Activities -$11.50M -9.000M -$40.40M
Cash From Financing Activities -$500.0K -700.0K -$11.00M
Net Change In Cash $2.800M -14.80M -$22.80M
YoY Change -147.46% -251.02% 4460.0%
FREE CASH FLOW
Cash From Operating Activities $14.80M -$5.100M $34.70M
Capital Expenditures $6.100M $9.000M $21.20M
Free Cash Flow $8.700M -$14.10M $13.50M
YoY Change -43.51% -320.31% -57.28%

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CY2021Q4 us-gaap Additional Paid In Capital
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CY2022 INSE Cost Of Product Sales
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CY2020 INSE Cost Of Product Sales
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CY2022 us-gaap Nonoperating Income Expense
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CY2020 us-gaap Nonoperating Income Expense
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Net Income Loss
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CY2020 us-gaap Net Income Loss
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CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
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CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 INSE Selling General And Administrative Expenses
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CY2020 us-gaap Increase Decrease In Accrued Liabilities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022 us-gaap Interest Paid Net
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CY2021 us-gaap Interest Paid Net
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CY2020 us-gaap Interest Paid Net
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CY2021 us-gaap Income Taxes Paid Net
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CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
200000 usd
CY2022 INSE Cash Paid During Period For Operating Leases
CashPaidDuringPeriodForOperatingLeases
4300000 usd
CY2021 INSE Cash Paid During Period For Operating Leases
CashPaidDuringPeriodForOperatingLeases
4400000 usd
CY2020 INSE Cash Paid During Period For Operating Leases
CashPaidDuringPeriodForOperatingLeases
3300000 usd
CY2022 INSE Additional Paid In Capital From Net Settlement
AdditionalPaidInCapitalFromNetSettlement
4100000 usd
CY2021 INSE Additional Paid In Capital From Net Settlement
AdditionalPaidInCapitalFromNetSettlement
6400000 usd
CY2020 INSE Additional Paid In Capital From Net Settlement
AdditionalPaidInCapitalFromNetSettlement
700000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1800000 usd
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6800000 usd
CY2022 INSE Adjustment To Customer Relationships Intangible Asset Arising From Adjustment To Fair Value Of Assets Acquired
AdjustmentToCustomerRelationshipsIntangibleAssetArisingFromAdjustmentToFairValueOfAssetsAcquired
900000 usd
CY2020 INSE Adjustment To Goodwill Arising From Adjustment To Fair Value Of Assets Acquired
AdjustmentToGoodwillArisingFromAdjustmentToFairValueOfAssetsAcquired
200000 usd
CY2021 INSE Property And Equipment Acquired Through Finance Lease
PropertyAndEquipmentAcquiredThroughFinanceLease
2600000 usd
CY2020 INSE Property And Equipment Acquired Through Finance Lease
PropertyAndEquipmentAcquiredThroughFinanceLease
1500000 usd
CY2022 INSE Property And Equipment Transferred To Inventory
PropertyAndEquipmentTransferredToInventory
800000 usd
CY2021 INSE Property And Equipment Transferred To Inventory
PropertyAndEquipmentTransferredToInventory
1300000 usd
CY2020 INSE Capitalized Interest Payments
CapitalizedInterestPayments
10600000 usd
CY2020 INSE Assets Arising From Asset Retirement Obligations
AssetsArisingFromAssetRetirementObligations
1000000.0 usd
CY2022Q4 us-gaap Cash
Cash
25000000.0 usd
CY2022Q4 INSE Additional Working Capital
AdditionalWorkingCapital
28900000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
22300000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-36700000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-32400000 usd
CY2022 us-gaap Depreciation And Amortization Discontinued Operations
DepreciationAndAmortizationDiscontinuedOperations
2200000 usd
CY2021 us-gaap Depreciation And Amortization Discontinued Operations
DepreciationAndAmortizationDiscontinuedOperations
21400000 usd
CY2020 us-gaap Depreciation And Amortization Discontinued Operations
DepreciationAndAmortizationDiscontinuedOperations
22400000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10800000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13000000.0 usd
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4800000 usd
CY2021 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-900000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
34700000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6200000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
52900000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_849_eus-gaap--UseOfEstimates_zfPXYscoCGe9" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86F_zGO9YyUG5aQl">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, management evaluates these estimates, including those related to the revenue recognition for contracts involving software and non-software elements, allowance for doubtful accounts, inventory reserve for net realizable value, currency swaps, valuation of hedging activities, goodwill and intangible assets, useful lives of long-lived assets, stock-based compensation, valuation allowances on deferred taxes, warrant liability, pension liability, commitments and contingencies and litigation, among others. Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. We regularly evaluate these significant factors and make adjustments when facts and circumstances dictate. Actual results may differ from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>INSPIRED ENTERTAINMENT, INC. AND SUBSIDIARIES</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>AS OF DECEMBER 31, 2022 AND 2021, AND FOR THE YEARS ENDED</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>DECEMBER 31, 2022, 2021 AND 2020</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2021Q4 us-gaap Notes And Loans Receivable Gross Current
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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1300000 usd
CY2022Q4 us-gaap Cash
Cash
25000000.0 usd
CY2022Q4 INSE Cash Floats Held On Site
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2500000 usd
CY2022Q4 us-gaap Unbilled Receivables Current
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18200000 usd
CY2021Q4 us-gaap Unbilled Receivables Current
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17400000 usd
CY2022 us-gaap Research And Development Expense
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16100000 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
13800000 usd
CY2020 us-gaap Research And Development Expense
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AllowanceForDoubtfulAccountsReceivableCurrent
1700000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
40500000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
31700000 usd
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
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0 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
0 shares
CY2022 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
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<p id="xdx_84D_eus-gaap--DerivativesMethodsOfAccountingHedgingDerivatives_z9fAHJVH3w77" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86B_z3GpSCopqs4j">Accounting Policy for Derivative Instruments and Hedging Activities</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">FASB ASC 815, Derivatives and Hedging (“ASC 815”), provides the disclosure requirements for derivatives and hedging activities with the intent to provide users of financial statements with an enhanced understanding of: (a) how and why an entity uses derivative instruments, (b) how the entity accounts for derivative instruments and related hedged items, and (c) how derivative instruments and related hedged items affect an entity’s financial position, financial performance, and cash flows. Further, qualitative disclosures are required that explain the Company’s objectives and strategies for using derivatives, as well as quantitative disclosures about the fair value of and gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative instruments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As required by ASC 815, the Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In accordance with the FASB’s fair value measurement guidance in ASU 2011-04, “Fair Value Measurements,” the Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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CY2022Q1 us-gaap Gain Loss On Disposition Of Assets
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CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
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LongtermReceivableRecordedInOtherAssets
3000000.0 usd
CY2021Q4 INSE Longterm Receivable Recorded In Other Assets
LongtermReceivableRecordedInOtherAssets
3500000 usd
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NotesAndLoansReceivableGrossCurrent
200000 usd
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1700000 usd
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AllowanceForDoubtfulAccountsReceivable
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CY2022 us-gaap Provision For Doubtful Accounts
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CY2021 us-gaap Provision For Doubtful Accounts
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CY2021 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
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CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
400000 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1100000 usd
CY2022 INSE Allowance For Doubtful Accounts Foreign Currency Translation Adjustments
AllowanceForDoubtfulAccountsForeignCurrencyTranslationAdjustments
200000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2022Q4 us-gaap Inventory Parts And Components Net Of Reserves
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21400000 usd
CY2021Q4 us-gaap Inventory Parts And Components Net Of Reserves
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10800000 usd
CY2022Q4 us-gaap Inventory Work In Process
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3600000 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1600000 usd
CY2022Q4 us-gaap Inventory Finished Goods
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6000000.0 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
4500000 usd
CY2022Q4 us-gaap Inventory Net
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31000000.0 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
16900000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
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2500000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2000000.0 usd
CY2020 us-gaap Depreciation Depletion And Amortization
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29900000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
13900000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
12300000 usd
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18200000 usd
CY2021Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
17400000 usd
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CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2022Q4 us-gaap Property Plant And Equipment Gross
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CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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145800000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
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44700000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
50900000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
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21600000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
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25900000 usd
CY2022Q4 us-gaap Capitalized Computer Software Gross
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CY2021Q4 us-gaap Capitalized Computer Software Gross
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CY2022Q4 us-gaap Capitalized Computer Software Accumulated Amortization
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125600000 usd
CY2021Q4 us-gaap Capitalized Computer Software Accumulated Amortization
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125300000 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
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35800000 usd
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
35600000 usd
CY2022 INSE Software Development Cost Capitalized
SoftwareDevelopmentCostCapitalized
18500000 usd
CY2021 INSE Software Development Cost Capitalized
SoftwareDevelopmentCostCapitalized
13600000 usd
CY2022 us-gaap Capitalized Computer Software Amortization1
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14000000.0 usd
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
20000000.0 usd
CY2020 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
20000000.0 usd
CY2022 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
400000 usd
CY2021 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
200000 usd
CY2020 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
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CY2022 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
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CY2021 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
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CY2020 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
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CY2022Q4 INSE Capitalized Computer Software Amortization Expense Next Twelve Months
CapitalizedComputerSoftwareAmortizationExpenseNextTwelveMonths
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CY2022Q4 INSE Capitalized Computer Software Amortization Expense Year Two
CapitalizedComputerSoftwareAmortizationExpenseYearTwo
10800000 usd
CY2022Q4 INSE Capitalized Computer Software Amortization Expense Year Three
CapitalizedComputerSoftwareAmortizationExpenseYearThree
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CY2022Q4 INSE Capitalized Computer Software Amortization Expense Year Four
CapitalizedComputerSoftwareAmortizationExpenseYearFour
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CapitalizedComputerSoftwareAmortizationExpenseAfterYearFive
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CY2022Q4 us-gaap Capitalized Computer Software Net
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35800000 usd
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CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
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54800000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
33600000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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35900000 usd
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CY2021Q4 us-gaap Finite Lived Intangible Assets Net
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CY2021Q4 us-gaap Goodwill
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CY2020Q4 us-gaap Goodwill
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CY2022Q4 us-gaap Goodwill
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CY2021Q4 us-gaap Goodwill
Goodwill
82700000 usd
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200000 usd
CY2021Q4 INSE Long Term Finance Lease Receivable
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300000 usd
CY2021Q4 INSE Pension Asset
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200000 usd
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300000 usd
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3400000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
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7100000 usd
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10200000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
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8000000.0 usd
CY2022Q4 INSE Cost Of Sales Including Inventory Current
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9100000 usd
CY2021Q4 INSE Cost Of Sales Including Inventory Current
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12400000 usd
CY2022Q4 INSE Noncurrent Asset Costs
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2200000 usd
CY2021Q4 INSE Noncurrent Asset Costs
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700000 usd
CY2022Q4 us-gaap Interest Payable Current
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CY2021Q4 us-gaap Interest Payable Current
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CY2022Q4 INSE Selling General And Administrative Costs Current
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1700000 usd
CY2021Q4 INSE Selling General And Administrative Costs Current
SellingGeneralAndAdministrativeCostsCurrent
2500000 usd
CY2022Q4 INSE Tax And Professional Fees Current
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1700000 usd
CY2021Q4 INSE Tax And Professional Fees Current
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2800000 usd
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1500000 usd
CY2021Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
3500000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
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300000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
700000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
28500000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
32600000 usd
CY2022 INSE Contract Liabilities And Other Disclosures
ContractLiabilitiesAndOtherDisclosures
<p id="xdx_80A_ecustom--ContractLiabilitiesAndOtherDisclosures_zy7enAbVIEYe" style="font: 10pt Times New Roman, Times, Serif; display: none; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; display: none; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The analysis of the prior year expenses has been recharacterized to ensure consistency with the current year categorization. The recharacterization has no impact on the previously reported total accrued expenses as of December 31, 2021.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; display: none; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; display: none; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>11.</b></span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_828_zPpmzo9NXcG8">Contract Liabilities and Other Disclosures</span></b></span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89F_eus-gaap--ContractWithCustomerAssetAndLiabilityTableTextBlock_zWPzckl5aoC7" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table summarizes contract related balances:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span id="xdx_8B6_zdHrgsi2ngbl" style="display: none">Schedule of Contract Related Balances</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Accounts<br/> Receivable</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Unbilled<br/> Accounts<br/> Receivable</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Deferred<br/> Income</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Customer<br/> Prepayments<br/> and Deposits</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="14" style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">(in millions)</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 44%; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif">At December 31, 2022</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_989_ecustom--ContractWithCustomerAccountsReceivable_iI_pn5n6_c20221231_zh4euA1UZ6Pj" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right" title="Accounts Receivable"><span style="font-family: Times New Roman, Times, Serif">44.6</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_987_eus-gaap--UnbilledReceivablesCurrent_iI_pn5n6_c20221231_z5TOyYURVhF7" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right" title="Unbilled Accounts Receivable"><span style="font-family: Times New Roman, Times, Serif">18.2</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_980_ecustom--ContractWithCustomerDeferredIncome_iI_pn5n6_c20221231_zPQN2yQip29a" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right" title="Deferred Income"><span style="font-family: Times New Roman, Times, Serif">(8.5</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_983_ecustom--CustomerPrepaymentsAndDeposits_iI_pn5n6_c20221231_zPB0X0hDws92" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right" title="Customer Prepayments and Deposits"><span style="font-family: Times New Roman, Times, Serif">(2.4</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif">At December 31, 2021</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_988_ecustom--ContractWithCustomerAccountsReceivable_iI_pn5n6_c20211231_zbSUqoROejv3" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accounts Receivable"><span style="font-family: Times New Roman, Times, Serif">36.2</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_98E_eus-gaap--UnbilledReceivablesCurrent_iI_pn5n6_c20211231_z6semTyFzn4c" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Unbilled Accounts Receivable"><span style="font-family: Times New Roman, Times, Serif">17.4</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_985_ecustom--ContractWithCustomerDeferredIncome_iI_pn5n6_c20211231_za69sxt5J2J7" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Deferred Income"><span style="font-family: Times New Roman, Times, Serif">(14.5</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_986_ecustom--CustomerPrepaymentsAndDeposits_iI_pn5n6_c20211231_z7S1MZpTAi44" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Customer Prepayments and Deposits"><span style="font-family: Times New Roman, Times, Serif">(3.9</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif">At December 31, 2020</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_983_ecustom--ContractWithCustomerAccountsReceivable_iI_pn5n6_c20201231_zFc4z0XO6CAj" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accounts Receivable"><span style="font-family: Times New Roman, Times, Serif">30.4</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_985_eus-gaap--UnbilledReceivablesCurrent_iI_pn5n6_c20201231_zc0GRVZEztx8" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Unbilled Accounts Receivable"><span style="font-family: Times New Roman, Times, Serif">8.2</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_98A_ecustom--ContractWithCustomerDeferredIncome_iI_pn5n6_c20201231_zFvmplmixeig" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Deferred Income"><span style="font-family: Times New Roman, Times, Serif">(22.9</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_98C_ecustom--CustomerPrepaymentsAndDeposits_iI_pn5n6_c20201231_zEKoPxTpTvU3" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Customer Prepayments and Deposits"><span style="font-family: Times New Roman, Times, Serif">(1.6</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> </table> <p id="xdx_8AD_zI9wLAXtgK76" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue recognized that was included in the deferred income balance at the beginning of the period amounted to $<span id="xdx_90F_eus-gaap--ContractWithCustomerLiabilityRevenueRecognized_pn5n6_c20220101__20221231_z9d97dqgKkx9" title="Revenue recognized in deferred income">7.9</span> million, $<span id="xdx_907_eus-gaap--ContractWithCustomerLiabilityRevenueRecognized_pn5n6_c20210101__20211231_zk9KW4ggvsci" title="Revenue recognized in deferred income">10.9</span> million and $<span id="xdx_905_eus-gaap--ContractWithCustomerLiabilityRevenueRecognized_pn5n6_c20200101__20201231_zi3ShOTDl2X6" title="Revenue recognized in deferred income">10.3</span> million for the years ended December 31, 2022, 2021 and 2020, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>INSPIRED ENTERTAINMENT, INC. AND SUBSIDIARIES</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>AS OF DECEMBER 31, 2022 AND 2021, AND FOR THE YEARS ENDED</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>DECEMBER 31, 2022, 2021 AND 2020</b></span></p>
CY2022Q4 INSE Contract With Customer Accounts Receivable
ContractWithCustomerAccountsReceivable
44600000 usd
CY2022Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
18200000 usd
CY2022Q4 INSE Contract With Customer Deferred Income
ContractWithCustomerDeferredIncome
-8500000 usd
CY2022Q4 INSE Customer Prepayments And Deposits
CustomerPrepaymentsAndDeposits
-2400000 usd
CY2021Q4 INSE Contract With Customer Accounts Receivable
ContractWithCustomerAccountsReceivable
36200000 usd
CY2021Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
17400000 usd
CY2021Q4 INSE Contract With Customer Deferred Income
ContractWithCustomerDeferredIncome
-14500000 usd
CY2021Q4 INSE Customer Prepayments And Deposits
CustomerPrepaymentsAndDeposits
-3900000 usd
CY2020Q4 INSE Contract With Customer Accounts Receivable
ContractWithCustomerAccountsReceivable
30400000 usd
CY2020Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
8200000 usd
CY2020Q4 INSE Contract With Customer Deferred Income
ContractWithCustomerDeferredIncome
-22900000 usd
CY2020Q4 INSE Customer Prepayments And Deposits
CustomerPrepaymentsAndDeposits
-1600000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
7900000 usd
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
10900000 usd
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
10300000 usd
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
20000000.0
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
24100000 usd
CY2022Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0550 pure
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
277600000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
2200000 usd
CY2022Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
279800000 usd
CY2022Q4 INSE Long Term Debt Current1
LongTermDebtCurrent1
1000000.0 usd
CY2022Q4 INSE Debt And Capital Lease Obligations Noncurrent
DebtAndCapitalLeaseObligationsNoncurrent
278800000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
309000000.0 usd
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
2800000 usd
CY2021Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
311800000 usd
CY2021Q4 INSE Long Term Debt Current1
LongTermDebtCurrent1
900000 usd
CY2021Q4 INSE Debt And Capital Lease Obligations Noncurrent
DebtAndCapitalLeaseObligationsNoncurrent
310900000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths
1000000.0 usd
CY2022Q4 INSE Long Term Debt And Capital Lease Maturities Repayments Of Principal In Year One
LongTermDebtAndCapitalLeaseMaturitiesRepaymentsOfPrincipalInYearOne
1000000.0 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
FinanceLeaseLiabilityPaymentsDueInRollingYearTwo
700000 usd
CY2022Q4 INSE Long Term Debt And Capital Lease Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseMaturitiesRepaymentsOfPrincipalInYearTwo
700000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
FinanceLeaseLiabilityPaymentsDueInRollingYearThree
500000 usd
CY2022Q4 INSE Long Term Debt And Capital Lease Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseMaturitiesRepaymentsOfPrincipalInYearThree
500000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
282900000 usd
CY2022Q4 INSE Long Term Debt And Capital Lease Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseMaturitiesRepaymentsOfPrincipalInYearFour
282900000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
282900000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
2200000 usd
CY2022Q4 INSE Debt And Capital Lease Obligation
DebtAndCapitalLeaseObligation
285100000 usd
CY2022 INSE Derivative Reclassified As Increase To Interest Expense
DerivativeReclassifiedAsIncreaseToInterestExpense
300000 usd
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
700000 usd
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
49000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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22300000 usd
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CY2021 INSE Effective Income Tax Rate Reconciliation Noncreditable Withholding Taxes
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CY2020 INSE Effective Income Tax Rate Reconciliation Noncreditable Withholding Taxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2022 INSE Effective Income Tax Rate Reconciliation Global Intangible Lowtaxed Income
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CY2021 INSE Effective Income Tax Rate Reconciliation Global Intangible Lowtaxed Income
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CY2020 INSE Effective Income Tax Rate Reconciliation True Ups Rate
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CY2022 us-gaap Description Of Defined Contribution Pension And Other Postretirement Plans
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CY2021Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2021Q4 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
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CY2021Q4 INSE Defined Benefit Plan Fair Value Of Plan Assets1
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CY2021 INSE Defid B Plan Assumptions Used Calculating Benefits Obligation And Net Periodic Benefit Cost Rate Of Compensation Cpi Inflation1
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CY2022 INSE Defined Benefit Plan Assumptions Used Calculating Benefits Obligation And Net Periodic Benefit Cost Rate Of Compensation Increase
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CY2021 INSE Defined Benefit Plan Assumptions Used Calculating Benefits Obligation And Net Periodic Benefit Cost Rate Of Compensation Increase
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CY2021 INSE Defined Benefit Plan Assumptions Used Calculating Benefits Obligation And Net Periodic Benefit Cost Rate Of Compensation Decrease
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CY2022 INSE Defined Benefit Plan Assumptions Used Calculating Benefits Obligation And Net Periodic Benefit Cost Rate Of Compensation Increase One
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CY2022 INSE Defined Benefit Plan Assumptions Used Calculating Benefits Obligation And Net Periodic Benefit Cost Rate Of Compensation Decrease One
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CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
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CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
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CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
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CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
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CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
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CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
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20500000 usd
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CY2022 us-gaap Cost Of Goods And Services Sold
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CY2022 us-gaap Share Based Compensation
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CY2022 INSE Segment Operating Income Loss From Continuing Operations
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CY2022 us-gaap Operating Income Loss
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34300000 usd
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16400000 usd
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30100000 usd
CY2020 INSE Cost Of Product Sales
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NoncurrentAssetsExcludingGoodwill
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Files In Submission

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