2024 Q3 Form 10-Q Financial Statement

#000111192824000122 Filed on July 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $233.1M $257.6M
YoY Change -22.65% -24.22%
Cost Of Revenue $179.1M $161.5M
YoY Change 6.26% -16.03%
Gross Profit $54.09M $96.19M
YoY Change -59.3% -34.87%
Gross Profit Margin 23.2% 37.33%
Selling, General & Admin $54.89M $54.09M
YoY Change 3.18% 8.51%
% of Gross Profit 101.49% 56.23%
Research & Development $27.18M $27.49M
YoY Change 9.99% 16.91%
% of Gross Profit 50.24% 28.58%
Depreciation & Amortization $15.12M $15.29M
YoY Change -13.12% -12.39%
% of Gross Profit 27.95% 15.9%
Operating Expenses $307.4M $84.15M
YoY Change 298.25% 14.7%
Operating Profit -$253.3M $12.04M
YoY Change -554.79% -83.8%
Interest Expense $11.10M $12.78M
YoY Change -4.03% 60.57%
% of Operating Profit 106.13%
Other Income/Expense, Net $10.83M $12.97M
YoY Change -10.58% 4451.58%
Pretax Income -$242.5M $25.01M
YoY Change -457.58% -69.35%
Income Tax -$8.920M $4.858M
% Of Pretax Income 19.42%
Net Earnings -$233.6M $20.15M
YoY Change -524.76% -67.66%
Net Earnings / Revenue -100.19% 7.82%
Basic Earnings Per Share -$5.33 $0.45
Diluted Earnings Per Share -$5.33 $0.45
COMMON SHARES
Basic Shares Outstanding 44.23M shares 45.57M shares
Diluted Shares Outstanding 43.84M shares 45.01M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.019B $1.064B
YoY Change -10.07% -2.97%
Cash & Equivalents $883.9M $720.5M
Short-Term Investments $135.4M $343.4M
Other Short-Term Assets $66.83M $77.06M
YoY Change -7.04% -12.21%
Inventory $320.7M $400.8M
Prepaid Expenses
Receivables $163.5M $176.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.570B $1.718B
YoY Change -18.23% -10.71%
LONG-TERM ASSETS
Property, Plant & Equipment $589.6M $593.1M
YoY Change 1.3% -2.66%
Goodwill $38.48M $38.28M
YoY Change 0.57% -0.56%
Intangibles $22.05M $23.42M
YoY Change -21.39% -22.15%
Long-Term Investments
YoY Change
Other Assets $28.37M $33.78M
YoY Change 15.63% -64.23%
Total Long-Term Assets $784.7M $777.5M
YoY Change 4.29% 0.66%
TOTAL ASSETS
Total Short-Term Assets $1.570B $1.718B
Total Long-Term Assets $784.7M $777.5M
Total Assets $2.355B $2.495B
YoY Change -11.89% -7.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $39.58M $26.23M
YoY Change 19.48% -29.89%
Accrued Expenses $150.8M $161.2M
YoY Change -13.6% 66.03%
Deferred Revenue $52.27M $57.45M
YoY Change -21.94% -24.19%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $194.2M $190.5M
YoY Change -11.62% -16.52%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $46.33M $47.40M
YoY Change 1497.66% 1452.19%
Total Long-Term Liabilities $46.33M $47.40M
YoY Change 1497.66% 1452.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $194.2M $190.5M
Total Long-Term Liabilities $46.33M $47.40M
Total Liabilities $240.5M $242.1M
YoY Change -16.75% -18.74%
SHAREHOLDERS EQUITY
Retained Earnings $2.606B $2.840B
YoY Change -5.37% 5.21%
Common Stock $1.025B $1.014B
YoY Change 4.8% 4.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.115B $2.253B
YoY Change
Total Liabilities & Shareholders Equity $2.355B $2.495B
YoY Change -11.89% -7.45%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$233.6M $20.15M
YoY Change -524.76% -67.66%
Depreciation, Depletion And Amortization $15.12M $15.29M
YoY Change -13.12% -12.39%
Cash From Operating Activities $66.06M $53.46M
YoY Change -23.19% -19.81%
INVESTING ACTIVITIES
Capital Expenditures $23.09M $24.22M
YoY Change -11.88% -5.89%
Acquisitions
YoY Change
Other Investing Activities $185.7M $309.1M
YoY Change -501.13% 890.41%
Cash From Investing Activities $162.6M $284.9M
YoY Change -324.32% 5101.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -74.38M -119.5M
YoY Change 61.0% 851.29%
NET CHANGE
Cash From Operating Activities 66.06M 53.46M
Cash From Investing Activities 162.6M 284.9M
Cash From Financing Activities -74.38M -119.5M
Net Change In Cash 154.3M 218.9M
YoY Change -571.9% 267.39%
FREE CASH FLOW
Cash From Operating Activities $66.06M $53.46M
Capital Expenditures $23.09M $24.22M
Free Cash Flow $42.97M $29.24M
YoY Change -28.14% -28.56%

Facts In Submission

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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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9672000 usd
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2415385000 usd
ipgp Stock Issued Value Shares Issued Net Of Tax Withholdings
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us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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us-gaap Stock Repurchased During Period Value
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212020000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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18282000 usd
us-gaap Profit Loss
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CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2253370000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2385360000 usd
ipgp Stock Issued Value Shares Issued Net Of Tax Withholdings
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us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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19249000 usd
us-gaap Profit Loss
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1817000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2363000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1763000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2639000 usd
CY2024Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
298000 usd
CY2023Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
58000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
391000 usd
us-gaap Provision For Doubtful Accounts
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CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
16000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
191000 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
41000 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
241000 usd
CY2024Q2 ipgp Allowance For Doubtful Accounts Receivable Foreign Currency Translation
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslation
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CY2023Q2 ipgp Allowance For Doubtful Accounts Receivable Foreign Currency Translation
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslation
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ipgp Allowance For Doubtful Accounts Receivable Foreign Currency Translation
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslation
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ipgp Allowance For Doubtful Accounts Receivable Foreign Currency Translation
AllowanceForDoubtfulAccountsReceivableForeignCurrencyTranslation
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CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2095000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2169000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2095000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2169000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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3406000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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3406000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
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CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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509654000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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339971000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
509654000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2024Q2 us-gaap Contract With Customer Asset Net Current
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13194000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
9383000 usd
CY2024Q2 us-gaap Increase Decrease In Contract With Customer Asset
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3811000 usd
CY2023Q2 us-gaap Contract With Customer Asset Net Current
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17460000 usd
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ContractWithCustomerAssetNetCurrent
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us-gaap Increase Decrease In Contract With Customer Asset
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57452000 usd
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ContractWithCustomerLiabilityCurrent
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CY2023Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
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2593000 usd
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ContractWithCustomerLiabilityNoncurrent
2851000 usd
CY2024Q2 ipgp Increase Decrease In Contract With Customer Liability Non Current
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CY2023Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
3054000 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
3142000 usd
ipgp Increase Decrease In Contract With Customer Liability Non Current
IncreaseDecreaseInContractWithCustomerLiabilityNonCurrent
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CY2024Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
12716000 usd
CY2023Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
14431000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
43216000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
43443000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
15998000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
4086000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
954000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
642000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
185000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
129000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
21994000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
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CY2024Q2 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
343170000 usd
CY2024Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
689293000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
285482000 usd
CY2023Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
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CY2023Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
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0 usd
CY2024Q2 us-gaap Other Than Temporary Impairment Losses Investments Heldtomaturity Securities
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CY2023Q2 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
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CY2024Q2 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
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CY2024Q2 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
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CY2024Q2 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
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343170000 usd
CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
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CY2023Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
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CY2024Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
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CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
263652000 usd
CY2024Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
44051000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
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CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
130483000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
142225000 usd
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400839000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
453874000 usd
CY2024Q2 us-gaap Inventory Write Down
InventoryWriteDown
14009000 usd
CY2023Q2 us-gaap Inventory Write Down
InventoryWriteDown
11218000 usd
us-gaap Inventory Write Down
InventoryWriteDown
26851000 usd
us-gaap Inventory Write Down
InventoryWriteDown
23314000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
38540000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
38325000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
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us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
169000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
38278000 usd
CY2023Q2 us-gaap Goodwill
Goodwill
38494000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
71765000 usd
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FiniteLivedIntangibleAssetsNet
23423000 usd
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FiniteLivedIntangibleAssetsGross
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CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
69075000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
26234000 usd
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1377000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2021000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2802000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4042000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
2751000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4977000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4216000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4004000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3633000 usd
CY2024Q2 ipgp Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
3842000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
23423000 usd
CY2024Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
60722000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
67053000 usd
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
57452000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
69219000 usd
CY2024Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
24754000 usd
CY2023Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
27283000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4454000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4597000 usd
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13847000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
13198000 usd
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
161229000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
181350000 usd
CY2024Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
16320000 usd
CY2023Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
19926000 usd
CY2024Q2 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
15527000 usd
CY2023Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
17176000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
12964000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
13664000 usd
CY2024Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
1506000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
1508000 usd
CY2024Q2 ipgp Transition Tax Liability Noncurrent
TransitionTaxLiabilityNoncurrent
0 usd
CY2023Q4 ipgp Transition Tax Liability Noncurrent
TransitionTaxLiabilityNoncurrent
11009000 usd
CY2024Q2 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
5261000 usd
CY2023Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
5369000 usd
CY2024Q2 us-gaap Deferred Income Taxes And Other Liabilities Noncurrent
DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent
51578000 usd
CY2023Q4 us-gaap Deferred Income Taxes And Other Liabilities Noncurrent
DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent
68652000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
47209000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
52862000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2853000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
7089000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
8268000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
8533000 usd
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
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us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
216000 usd
CY2024Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
41074000 usd
CY2023Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
51634000 usd
CY2024Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
24754000 usd
CY2023Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
27283000 usd
CY2024Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
16320000 usd
CY2023Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
19926000 usd
CY2024Q2 us-gaap Litigation Reserve
LitigationReserve
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CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.194
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.236
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.257
CY2024Q2 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-85000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-1751000 usd
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
1912000 usd
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
221000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
17176000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
15841000 usd
us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1759000 usd
us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1273000 usd
us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
170000 usd
us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
950000 usd
us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
60000 usd
us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsDecreasesResultingFromForeignCurrencyTranslation
482000 usd
CY2024Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
15527000 usd
CY2023Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
15036000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
20154000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
62321000 usd
us-gaap Net Income Loss
NetIncomeLoss
44253000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44917696 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47316342 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45439126 shares
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
94778 shares
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
136918 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
162313 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45012474 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47453260 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45601439 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.32
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.97
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.31
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.97
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
898250 shares
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1023782 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
893162 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
986591 shares
CY2024Q2 ipgp Decrease In Weighted Average Number Of Shares Outstanding Treasury Stock
DecreaseInWeightedAverageNumberOfSharesOutstandingTreasuryStock
662348 shares
ipgp Decrease In Weighted Average Number Of Shares Outstanding Treasury Stock
DecreaseInWeightedAverageNumberOfSharesOutstandingTreasuryStock
1028573 shares
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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