2022 Q1 Form 10-K Financial Statement

#000115916722000009 Filed on February 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2022 2021 Q4
Revenue $455.4M $1.565B $440.7M
YoY Change -16.4% 9.41%
Cost Of Revenue $329.8M $1.015B $277.9M
YoY Change 0.13% 33.48%
Gross Profit $125.6M $550.3M $162.8M
YoY Change -41.68% -17.89%
Gross Profit Margin 27.58% 35.16% 36.93%
Selling, General & Admin $129.7M $389.0M $81.74M
YoY Change -16.41% 6.22%
% of Gross Profit 103.27% 70.7% 50.22%
Research & Development $40.47M $161.3M $40.26M
YoY Change -9.46% 2.98%
% of Gross Profit 32.22% 29.32% 24.74%
Depreciation & Amortization $9.331M $33.31M $8.343M
YoY Change 2.54% -4.18%
% of Gross Profit 7.43% 6.05% 5.13%
Operating Expenses $170.6M $551.4M $122.3M
YoY Change -14.8% 5.25%
Operating Profit -$44.95M -$1.100M $40.50M
YoY Change -395.69% -100.75%
Interest Expense $3.134M $30.06M $27.14M
YoY Change 0.0%
% of Operating Profit 67.02%
Other Income/Expense, Net $111.0K $29.38M $26.59M
YoY Change -155.5% -29.35%
Pretax Income -$41.70M $28.28M $67.08M
YoY Change -378.0% -84.95%
Income Tax -$10.19M -$2.106M $9.900M
% Of Pretax Income -7.45% 14.76%
Net Earnings -$31.51M $30.39M $57.22M
YoY Change -336.92% -79.34%
Net Earnings / Revenue -6.92% 1.94% 12.98%
Basic Earnings Per Share $1.10 $2.09
Diluted Earnings Per Share -$1.168M $1.08 $2.06
COMMON SHARES
Basic Shares Outstanding 27.03M shares 27.69M shares 27.41M shares
Diluted Shares Outstanding 28.16M shares 27.80M shares

Balance Sheet

Concept 2022 Q1 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $234.5M $234.5M $247.9M
YoY Change -51.52% -51.52%
Cash & Equivalents $201.5M $201.5M $218.0M
Short-Term Investments $33.04M $33.04M $29.91M
Other Short-Term Assets $61.09M $61.09M $46.37M
YoY Change 35.09% 35.16%
Inventory $333.3M $333.3M $353.7M
Prepaid Expenses
Receivables $160.6M $160.6M $240.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $789.5M $789.5M $888.7M
YoY Change -10.4% -10.4%
LONG-TERM ASSETS
Property, Plant & Equipment $78.89M $116.5M $80.23M
YoY Change 3.01% -3.16%
Goodwill $173.3M $121.9M
YoY Change 37.67%
Intangibles $28.41M $8.348M
YoY Change 186.91%
Long-Term Investments $16.30M $16.30M $15.10M
YoY Change -6.32% -6.32%
Other Assets $38.75M $60.40M $31.54M
YoY Change 103.29% 72.07%
Total Long-Term Assets $394.9M $394.9M $320.9M
YoY Change 28.0% 28.01%
TOTAL ASSETS
Total Short-Term Assets $789.5M $789.5M $888.7M
Total Long-Term Assets $394.9M $394.9M $320.9M
Total Assets $1.184B $1.184B $1.210B
YoY Change -0.45% -0.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $251.3M $251.3M $259.4M
YoY Change 51.59% 51.57%
Accrued Expenses $132.6M $128.2M $131.0M
YoY Change 0.94% 0.49%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $395.7M $395.7M $401.4M
YoY Change 28.65% 28.64%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $25.31M $68.77M $22.34M
YoY Change -4.62% -10.68%
Total Long-Term Liabilities $72.02M $68.77M $67.67M
YoY Change -7.34% -10.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $395.7M $395.7M $401.4M
Total Long-Term Liabilities $72.02M $68.77M $67.67M
Total Liabilities $467.7M $467.7M $469.1M
YoY Change 21.39% 21.39%
SHAREHOLDERS EQUITY
Retained Earnings $485.7M $517.2M
YoY Change -18.97%
Common Stock $222.9M $215.9M
YoY Change 8.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $716.7M $716.7M $740.5M
YoY Change
Total Liabilities & Shareholders Equity $1.184B $1.184B $1.210B
YoY Change -0.45% -0.44%

Cashflow Statement

Concept 2022 Q1 2022 2021 Q4
OPERATING ACTIVITIES
Net Income -$31.51M $30.39M $57.22M
YoY Change -336.92% -79.34%
Depreciation, Depletion And Amortization $9.331M $33.31M $8.343M
YoY Change 2.54% -4.18%
Cash From Operating Activities $58.81M -$31.97M -$92.57M
YoY Change -56.54% -113.78%
INVESTING ACTIVITIES
Capital Expenditures -$4.626M $29.93M -$3.378M
YoY Change -29.91% -5.29%
Acquisitions $71.36M
YoY Change
Other Investing Activities -$72.53M $10.81M $297.0K
YoY Change -2889.5% 160.51%
Cash From Investing Activities -$77.15M -$48.12M -$3.081M
YoY Change 1878.28% 116.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $150.0M
YoY Change 500.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.562M -$148.4M -100.3M
YoY Change 4.13% 598.19%
NET CHANGE
Cash From Operating Activities 58.81M -$31.97M -92.57M
Cash From Investing Activities -77.15M -$48.12M -3.081M
Cash From Financing Activities 1.562M -$148.4M -100.3M
Net Change In Cash -16.79M -$231.2M -196.0M
YoY Change -112.63% -219.63%
FREE CASH FLOW
Cash From Operating Activities $58.81M -$31.97M -$92.57M
Capital Expenditures -$4.626M $29.93M -$3.378M
Free Cash Flow $63.43M -$61.90M -$89.20M
YoY Change -55.3% -130.88%

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CY2022 us-gaap Nature Of Operations
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<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"/><td style="width:3.738%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:94.062%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1.</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Nature of the Business</span></td></tr></table>iRobot Corporation ("iRobot" or the "Company") designs, builds and sells robots and home innovations that make life better. The Company's portfolio of home robots and smart home devices features proprietary technologies for the connected home and advanced concepts in cleaning, mapping and navigation, human-robot interaction and physical solutions. iRobot's durable and high-performing robots are designed using the close integration of software, electronics and hardware. The Company’s revenue is primarily generated from product sales through a variety of distribution channels, including chain stores and other national retailers, through the Company's own website and app, dedicated e-commerce websites, the online arms of traditional retailers and through value-added distributors and resellers worldwide.
CY2022 us-gaap Fiscal Period
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The Company operates and reports using a 52-53 week fiscal year ending on the Saturday closest to December 31. Accordingly, the Company’s fiscal quarters end on the Saturday that falls closest to the last day of the third month of each quarter. As used in the Annual Report on Form 10-K, "fiscal 2021" refers to the 52-week fiscal year ending January 1, 2022, "fiscal 2020" refers to the 53-week fiscal year ended January 2, 2021, and "fiscal 2019" refers to the 52-week fiscal year ended December 28, 2019.
CY2022 us-gaap Use Of Estimates
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<div style="margin-top:5pt;text-indent:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of these financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and revenue and expenses. These estimates and judgments, include but are not limited to, revenue recognition, including performance obligations, standalone selling price, variable consideration and other obligations such as sales incentives and product returns; allowance for credit losses; accounting for business combinations; impairment of goodwill and long-lived assets; valuation of non-marketable equity investments; product warranties; loss contingencies; accounting for stock-based compensation including performance-based assessments; and accounting for income taxes and related valuation allowances. The Company bases its estimates and assumptions on historical experience, market participant fair value considerations, projected future cash flows, current conditions, including estimated economic implications of the COVID-19 pandemic and various other factors that the Company believes are reasonable under the circumstances. Actual results and outcomes may differ from the Company’s estimates and assumptions.</span></div>
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CY2022 us-gaap Concentration Risk Credit Risk
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<div style="margin-top:5pt;text-indent:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk and Significant Customers</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments which potentially expose the Company to concentrations of credit risk consist of accounts receivable and cash and cash equivalents. Management believes its credit policies are prudent and reflect normal industry terms and business risk. At January 1, 2022 and January 2, 2021, one customer accounted for 14.5% and 17.6% , respectively, of the Company's accounts receivable balance. For the fiscal years ended January 1, 2022, January 2, 2021, and December 28, 2019, there was one customer that accounted for 10% or more of total revenue, representing 21.8%, 22.7% and 21.3%, of the Company's total revenue, respectively.</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company maintains its cash in bank deposit accounts and money market funds at high quality financial institutions. The individual balances, at times, may exceed federally insured limits. These deposits may be redeemed upon demand, and management believes that the financial institutions that hold the Company’s cash and cash equivalents are financially sound and, accordingly, minimal credit risk exists with respect to cash and cash equivalents.</span></div>
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2.97
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200000 shares
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CY2022 us-gaap Revenues
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CY2022Q1 us-gaap Unbilled Receivables Current
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CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
9363000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
8777000 USD
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
3633000 USD
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
3583000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
4096000 USD
CY2022 us-gaap Lease Cost
LeaseCost
12143000 USD
CY2021 us-gaap Lease Cost
LeaseCost
12946000 USD
CY2019 us-gaap Lease Cost
LeaseCost
12873000 USD
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
8762000 USD
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
9862000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
9540000 USD
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2310000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
53227000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
7895000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
7623000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
6567000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
6599000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
6680000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
21849000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
57213000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7531000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
49682000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6220000 USD
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
43462000 USD
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
171798000 USD
CY2021Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
160012000 USD
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
92911000 USD
CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
83428000 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
78887000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
76584000 USD
CY2022Q1 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
4900000 USD
CY2021Q1 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
6500000 USD
CY2022 us-gaap Depreciation
Depreciation
31100000 USD
CY2021 us-gaap Depreciation
Depreciation
31900000 USD
CY2019 us-gaap Depreciation
Depreciation
24400000 USD
CY2022 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
2300000 USD
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
2100000 USD
CY2019 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1500000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
118732000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
12352000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2912000 USD
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
7140000 USD
CY2021 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
462000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
125872000 USD
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
9902000 USD
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
52662000 USD
CY2022 us-gaap Asset Acquisition Consideration Transferred Other Assets
AssetAcquisitionConsiderationTransferredOtherAssets
21000000 USD
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2253000 USD
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-5242000 USD
CY2022 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-239000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
173292000 USD
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
28410000 USD
CY2022 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2100000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
92811000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
64401000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
28410000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
74526000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
64624000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9902000 USD
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2300000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2900000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12800000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
5441000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4766000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4766000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
4592000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
3379000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
5466000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
28410000 USD
CY2022Q1 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
32019000 USD
CY2021Q1 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
24392000 USD
CY2022Q1 irbt Accrued Manufacturing And Logistics Costs
AccruedManufacturingAndLogisticsCosts
23038000 USD
CY2021Q1 irbt Accrued Manufacturing And Logistics Costs
AccruedManufacturingAndLogisticsCosts
20093000 USD
CY2022Q1 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
19029000 USD
CY2021Q1 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
17635000 USD
CY2022Q1 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
11375000 USD
CY2021Q1 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
31523000 USD
CY2022Q1 irbt Accrued Sales Tax
AccruedSalesTax
9599000 USD
CY2021Q1 irbt Accrued Sales Tax
AccruedSalesTax
15480000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6220000 USD
CY2021Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6315000 USD
CY2022Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
2600000 USD
CY2021Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
4268000 USD
CY2022Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1788000 USD
CY2021Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3806000 USD
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
26950000 USD
CY2021Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7876000 USD
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
132618000 USD
CY2021Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
131388000 USD
CY2018Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
75000000 USD
CY2022Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
150000000 USD
CY2022Q1 irbt Interest Rate Above Libor Under Condition One
InterestRateAboveLIBORUnderConditionOne
0.010
CY2022Q1 irbt Interest Rate Abovethe Federal Fund Rate Under Condition Two
InterestRateAbovetheFederalFundRateUnderConditionTwo
0.005
CY2022Q1 irbt Interest Rate Abovethe Eurodollar Rate Under Condition Two
InterestRateAbovetheEurodollarRateUnderConditionTwo
0.010
CY2022Q1 irbt Letterofcreditfacilitymaximumborrowing
Letterofcreditfacilitymaximumborrowing
5000000 USD
CY2022Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
700000 USD
CY2022Q1 irbt Lineofcreditmaximumamount
Lineofcreditmaximumamount
250000000 JPY
CY2022 us-gaap Revenues
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1564987000 USD
CY2021 us-gaap Revenues
Revenues
1430390000 USD
CY2019 us-gaap Revenues
Revenues
1214010000 USD
CY2022 us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
9800000 USD
CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
1000000 USD
CY2021Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q1 irbt Common Stock Number Of Votes Per Share
CommonStockNumberOfVotesPerShare
1 vote
CY2018Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
200000000 USD
CY2022Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
25000000 USD
CY2021Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000 USD
CY2021Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
943285 shares
CY2021Q3 irbt Stock Repurchase Program Number Of Additional Shares Delivered To Be Repurchased
StockRepurchaseProgramNumberOfAdditionalSharesDeliveredToBeRepurchased
254933 shares
CY2021Q4 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1198218 shares
CY2021Q4 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
83.46
CY2021Q4 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
100000000 USD
CY2021Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000 USD
CY2021Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
446954 shares
CY2021Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
111.85
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
50000000 USD
CY2021Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
663602 shares
CY2021Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
37.65
CY2021Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
25000000 USD
CY2022Q1 irbt Sharebased Compensation Arrangement By Sharebased Payment Award Number Of Plans
SharebasedCompensationArrangementBySharebasedPaymentAwardNumberOfPlans
3 plan
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
1750000 shares
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2495000 shares
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
745000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1023556 shares
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21700000 USD
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
30000000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23700000 USD
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21694000 USD
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
29975000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23744000 USD
CY2022Q1 us-gaap Share Price
SharePrice
65.88
CY2022Q1 us-gaap Share Price
SharePrice
65.88
CY2017Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
0.85
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Maximum Employee Subscription Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumEmployeeSubscriptionRate
0.15
CY2017Q2 irbt Sharebased Compensation Arrangementby Sharebased Payment Award Maximum Amount
SharebasedCompensationArrangementbySharebasedPaymentAwardMaximumAmount
4000 USD
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Maximum Number Of Shares Per Employee
ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesPerEmployee
1000 shares
CY2022Q1 us-gaap Contractual Obligation
ContractualObligation
363900000 USD
CY2021Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
24392000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
13856000 USD
CY2018Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
11964000 USD
CY2022 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.03
CY2022 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
42430000 USD
CY2021 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
28884000 USD
CY2019 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
14091000 USD
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
34803000 USD
CY2021 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
18348000 USD
CY2019 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
12199000 USD
CY2022Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
32019000 USD
CY2021Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
24392000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
13856000 USD
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3800000 USD
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3000000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
2900000 USD
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
8880000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
166973000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
84225000 USD
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
19404000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
20942000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
14608000 USD
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
28284000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
187915000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
98833000 USD
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1045000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
13593000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
13366000 USD
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
441000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2724000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5004000 USD
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
7019000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
10451000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
6941000 USD
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8505000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
26768000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
25311000 USD
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-8286000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
14695000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-9345000 USD
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-690000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
2552000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1783000 USD
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1635000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-3168000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-650000 USD
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-10611000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
14079000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-11778000 USD
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2106000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40847000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13533000 USD
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
5940000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
39462000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
20755000 USD
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
389000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4834000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
3999000 USD
CY2022 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
7620000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
6702000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
8152000 USD
CY2022 irbt Effective Income Tax Rate Reconciliation Nondeductible Expense Excess Tax Benefits Related To Sharebased Compensation Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseExcessTaxBenefitsRelatedToSharebasedCompensationAmount
4160000 USD
CY2021 irbt Effective Income Tax Rate Reconciliation Nondeductible Expense Excess Tax Benefits Related To Sharebased Compensation Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseExcessTaxBenefitsRelatedToSharebasedCompensationAmount
-313000 USD
CY2019 irbt Effective Income Tax Rate Reconciliation Nondeductible Expense Excess Tax Benefits Related To Sharebased Compensation Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseExcessTaxBenefitsRelatedToSharebasedCompensationAmount
6468000 USD
CY2022 irbt Effective Income Tax Rate Reconciliation Foreignderivedintangibleincomededuction
EffectiveIncomeTaxRateReconciliationForeignderivedintangibleincomededuction
-3253000 USD
CY2021 irbt Effective Income Tax Rate Reconciliation Foreignderivedintangibleincomededuction
EffectiveIncomeTaxRateReconciliationForeignderivedintangibleincomededuction
-3360000 USD
CY2019 irbt Effective Income Tax Rate Reconciliation Foreignderivedintangibleincomededuction
EffectiveIncomeTaxRateReconciliationForeignderivedintangibleincomededuction
-4180000 USD
CY2022 irbt Effective Income Tax Rate Reconciliation Executive Compensation
EffectiveIncomeTaxRateReconciliationExecutiveCompensation
1706000 USD
CY2021 irbt Effective Income Tax Rate Reconciliation Executive Compensation
EffectiveIncomeTaxRateReconciliationExecutiveCompensation
718000 USD
CY2019 irbt Effective Income Tax Rate Reconciliation Executive Compensation
EffectiveIncomeTaxRateReconciliationExecutiveCompensation
2081000 USD
CY2022 irbt Effective Income Tax Rate Reconciliation Tax Impactof Foreign Earnings
EffectiveIncomeTaxRateReconciliationTaxImpactofForeignEarnings
264000 USD
CY2021 irbt Effective Income Tax Rate Reconciliation Tax Impactof Foreign Earnings
EffectiveIncomeTaxRateReconciliationTaxImpactofForeignEarnings
1458000 USD
CY2019 irbt Effective Income Tax Rate Reconciliation Tax Impactof Foreign Earnings
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