2024 Q4 Form 10-Q Financial Statement

#000115916724000083 Filed on November 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $193.4M
YoY Change -18.23%
Cost Of Revenue $131.1M
YoY Change -28.41%
Gross Profit $62.38M
YoY Change 16.59%
Gross Profit Margin 32.25%
Selling, General & Admin $32.50M
YoY Change -62.39%
% of Gross Profit 52.11%
Research & Development $19.63M
YoY Change -48.29%
% of Gross Profit 31.47%
Depreciation & Amortization $5.796M
YoY Change -20.61%
% of Gross Profit 9.29%
Operating Expenses $55.12M
YoY Change -55.75%
Operating Profit $7.257M
YoY Change -110.21%
Interest Expense $5.400M
YoY Change -271.32%
% of Operating Profit 74.41%
Other Income/Expense, Net -$12.55M
YoY Change 211.6%
Pretax Income -$5.291M
YoY Change -92.95%
Income Tax $1.080M
% Of Pretax Income
Net Earnings -$6.371M
YoY Change -92.12%
Net Earnings / Revenue -3.29%
Basic Earnings Per Share -$0.21
Diluted Earnings Per Share -$0.21
COMMON SHARES
Basic Shares Outstanding 30.56M shares 30.23M shares
Diluted Shares Outstanding 30.35M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $99.45M
YoY Change 71.6%
Cash & Equivalents $99.40M
Short-Term Investments
Other Short-Term Assets $32.77M
YoY Change -30.89%
Inventory $149.2M
Prepaid Expenses
Receivables $101.3M
Other Receivables $0.00
Total Short-Term Assets $423.8M
YoY Change 21.69%
LONG-TERM ASSETS
Property, Plant & Equipment $25.41M
YoY Change -49.08%
Goodwill $175.9M
YoY Change 2.96%
Intangibles $3.635M
YoY Change -65.12%
Long-Term Investments $11.10M
YoY Change -8.26%
Other Assets $16.93M
YoY Change -15.4%
Total Long-Term Assets $246.1M
YoY Change -13.91%
TOTAL ASSETS
Total Short-Term Assets $423.8M
Total Long-Term Assets $246.1M
Total Assets $669.9M
YoY Change 5.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $195.1M
YoY Change 40.58%
Accrued Expenses $88.38M
YoY Change -16.39%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $292.6M
YoY Change 14.01%
LONG-TERM LIABILITIES
Long-Term Debt $186.7M
YoY Change
Other Long-Term Liabilities $17.51M
YoY Change -17.1%
Total Long-Term Liabilities $227.1M
YoY Change 336.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $292.6M
Total Long-Term Liabilities $227.1M
Total Liabilities $519.8M
YoY Change 68.36%
SHAREHOLDERS EQUITY
Retained Earnings -$173.7M
YoY Change -563.18%
Common Stock $326.7M
YoY Change 19.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $150.2M
YoY Change
Total Liabilities & Shareholders Equity $669.9M
YoY Change 5.64%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$6.371M
YoY Change -92.12%
Depreciation, Depletion And Amortization $5.796M
YoY Change -20.61%
Cash From Operating Activities -$10.24M
YoY Change -128.14%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$10.00K
YoY Change -88.24%
Cash From Investing Activities -$10.00K
YoY Change -99.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.337M
YoY Change -104.91%
NET CHANGE
Cash From Operating Activities -10.24M
Cash From Investing Activities -10.00K
Cash From Financing Activities 1.337M
Net Change In Cash -8.916M
YoY Change -210.98%
FREE CASH FLOW
Cash From Operating Activities -$10.24M
Capital Expenditures $0.00
Free Cash Flow -$10.24M
YoY Change -128.99%

Facts In Submission

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us-gaap Proceeds From Stock Plans
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us-gaap Proceeds From Stock Plans
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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irbt Proceeds From Issuance Of Common Stock Net Of Issuance Costs
ProceedsFromIssuanceOfCommonStockNetOfIssuanceCosts
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irbt Proceeds From Issuance Of Common Stock Net Of Issuance Costs
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us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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dei Document Type
DocumentType
10-Q
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
77-0259335
dei Entity Address Address Line1
EntityAddressAddressLine1
8 Crosby Drive
dei Entity Address City Or Town
EntityAddressCityOrTown
Bedford
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2024Q3 us-gaap Inventory Net
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CY2023Q4 us-gaap Inventory Net
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CY2024Q3 us-gaap Other Assets Current
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CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2023Q4 us-gaap Common Stock Shares Outstanding
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CY2023Q4 us-gaap Common Stock Shares Issued
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CY2024Q3 us-gaap Common Stock Value
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CY2023Q4 us-gaap Additional Paid In Capital Common Stock
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CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
10747000 usd
CY2024Q3 us-gaap Stockholders Equity
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CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2024Q3 us-gaap Revenues
Revenues
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CY2023Q3 irbt General And Administrative Expense Net
GeneralAndAdministrativeExpenseNet
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irbt General And Administrative Expense Net
GeneralAndAdministrativeExpenseNet
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irbt General And Administrative Expense Net
GeneralAndAdministrativeExpenseNet
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CY2024Q3 us-gaap Restructuring Charges
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CY2023Q3 us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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CY2024Q3 irbt Amortizationof Intangible Assets Nonproduction
AmortizationofIntangibleAssetsNonproduction
1066000 usd
CY2023Q3 irbt Amortizationof Intangible Assets Nonproduction
AmortizationofIntangibleAssetsNonproduction
174000 usd
irbt Amortizationof Intangible Assets Nonproduction
AmortizationofIntangibleAssetsNonproduction
1405000 usd
irbt Amortizationof Intangible Assets Nonproduction
AmortizationofIntangibleAssetsNonproduction
529000 usd
CY2024Q3 us-gaap Operating Expenses
OperatingExpenses
55120000 usd
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
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us-gaap Operating Expenses
OperatingExpenses
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us-gaap Operating Expenses
OperatingExpenses
350087000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
7257000 usd
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.86
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.34
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
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615000 usd
CY2023Q3 irbt Other Comprehensive Income Loss Cash Flow Hedge Unrealized Gain Loss Net Of Tax
OtherComprehensiveIncomeLossCashFlowHedgeUnrealizedGainLossNetOfTax
5105000 usd
irbt Other Comprehensive Income Loss Change In Fair Value Of Term Loan
OtherComprehensiveIncomeLossChangeInFairValueOfTermLoan
-6644000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-81990000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2024Q2 us-gaap Stockholders Equity
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CY2024Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5480000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q4 us-gaap Stockholders Equity
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us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
17937000 usd
irbt Share Based Payment Arrangement Ceo Transition Costs Related To Stock Based Awards
ShareBasedPaymentArrangementCEOTransitionCostsRelatedToStockBasedAwards
1140000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
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us-gaap Inventory Write Down
InventoryWriteDown
11800000 usd
us-gaap Inventory Write Down
InventoryWriteDown
1740000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
8618000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
22073000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7943000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10539000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-15598000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
213000 usd
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
11837000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-16608000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1251000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4193000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-46007000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
73459000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
141880000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
191408000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
99447000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
189649000 usd
CY2024Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
41082000 usd
CY2023Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
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CY2024Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1351000 usd
CY2023Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1759000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
141880000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
191408000 usd
us-gaap Nature Of Operations
NatureOfOperations
Nature of the Business<div style="margin-bottom:5pt;margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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. 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.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Termination of Merger Agreement</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As previously disclosed, on August 4, 2022, the Company entered into an Agreement and Plan of Merger (the "Original Merger Agreement") with Amazon.com, Inc., a Delaware corporation ("Parent" or "Amazon"), and Martin Merger Sub, Inc., a Delaware corporation and an indirect wholly owned subsidiary of Amazon ("Merger Sub"), providing for, among other things, the merger of Merger Sub with and into iRobot, with the Company surviving the merger as a wholly owned subsidiary of Parent (the "Merger", and, together with the other transactions contemplated by the Merger Agreement (as defined below), the "Transactions"). On July 24, 2023, iRobot, Amazon and Merger Sub entered into an amendment to the Original Merger Agreement (the "Amendment", and the Original Merger Agreement, as amended and supplemented by the Amendment, the "Merger Agreement"). The Amendment adjusted the merger consideration to reflect the incurrence of the Term Loan (see Note 9, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Debt,</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for additional information).</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On January 28, 2024, the Company and Amazon mutually agreed to terminate the Merger Agreement and entered into a mutual termination agreement effective as of such date (the "Termination Agreement"). The termination of the Merger Agreement was approved by the Company's Board of Directors ("Board"). In accordance with the terms of the Termination Agreement, Amazon made a cash payment to the Company in the previously agreed amount of $94.0 million (the "Parent Termination Fee") on January 29, 2024. During the first quarter of fiscal 2024, as a result of the termination of the Merger Agreement and receipt of the Parent Termination Fee of $94.0 million from Amazon, the Company made a payment of $18.8 million for professional fees incurred in connection with the Transactions. In accordance with the terms of the Credit Agreement (as defined below), the Company applied $35.0 million to repay a portion of the Term Loan. The remaining $40.0 million of the Parent Termination Fee was set aside as restricted cash to be used for future repayments of the Term Loan subject to limited rights of the Company to utilize such amounts for the purchase of inventory. See Note 9, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Debt</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, for additional information. The Parent Termination Fee received net of professional fees paid was $75.2 million and was recorded during the first quarter of fiscal 2024 as a benefit in general and administrative expenses on the consolidated statements of operations.</span></div>
us-gaap Fiscal Period
FiscalPeriod
<div style="margin-bottom:5pt;margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div>
irbt Revenue Increase Decrease
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us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Net Cash Provided By Used In Operating Activities
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CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2024Q3 us-gaap Restricted Cash
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CY2024Q1 us-gaap Restructuring And Related Cost Expected Number Of Positions Eliminated
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350 employee
CY2023 irbt Restructuring And Related Cost Expected Number Of Positions Eliminated Period Percent
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0.31
irbt Increase Decrease In Operating Expenses
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irbt Operating Expense Increase Decrease
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us-gaap Gain Loss Related To Litigation Settlement
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irbt Increase Decrease In Research And Development Expense
IncreaseDecreaseInResearchAndDevelopmentExpense
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irbt Research And Development Expense Increase Decrease
ResearchAndDevelopmentExpenseIncreaseDecrease
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irbt Increase Decrease In Selling And Marketing Expense
IncreaseDecreaseInSellingAndMarketingExpense
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irbt Selling And Marketing Expense Increase Decrease
SellingAndMarketingExpenseIncreaseDecrease
-0.291
CY2024Q3 irbt Gross Margin Percentage
GrossMarginPercentage
0.322
CY2023Q3 irbt Gross Margin Percentage
GrossMarginPercentage
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irbt Number Of Sublease Agreements
NumberOfSubleaseAgreements
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CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received
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CY2023Q3 irbt Days In Inventory
DaysInInventory
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CY2024Q3 irbt Days In Inventory
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us-gaap Use Of Estimates
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<div style="margin-top:5pt;text-indent:13.5pt"><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-bottom:5pt;margin-top:5pt;text-indent:22.5pt"><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 variable consideration and other obligations such as sales incentives and product returns; impairment of goodwill and long-lived assets; valuation of non-marketable equity investments; valuation of debt; inventory excess and obsolescence; loss on purchase commitments; loss contingencies; 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 economic conditions, 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>
CY2024Q3 us-gaap Restricted Cash
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CY2024Q3 us-gaap Restricted Cash Current
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CY2024Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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30348000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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27738000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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29276000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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29276000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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27608000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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27608000 shares
CY2024Q3 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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2800000 shares
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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800000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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2900000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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900000 shares
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
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13600000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
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18400000 usd
CY2024Q3 irbt Refundliabilityproductreturns
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CY2024Q3 irbt Refundliabilityothercreditsandincentives
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CY2023Q4 irbt Refundliabilityproductreturns
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CY2023Q4 irbt Refundliabilityothercreditsandincentives
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CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q3 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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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2024Q3 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
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CY2023Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
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CY2024Q3 us-gaap Contract With Customer Liability
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CY2023Q4 us-gaap Contract With Customer Liability
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CY2024Q3 us-gaap Contract With Customer Liability Revenue Recognized
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CY2023Q3 us-gaap Contract With Customer Liability Revenue Recognized
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us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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us-gaap Contract With Customer Liability Revenue Recognized
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CY2024Q3 us-gaap Restructuring Charges
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CY2023Q3 us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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CY2024Q3 irbt Restructuring And Related Cost To Be Settled In Cash
RestructuringAndRelatedCostToBeSettledInCash
1986000 usd
CY2023Q3 irbt Restructuring And Related Cost To Be Settled In Cash
RestructuringAndRelatedCostToBeSettledInCash
152000 usd
irbt Restructuring And Related Cost To Be Settled In Cash
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22690000 usd
irbt Restructuring And Related Cost To Be Settled In Cash
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CY2024Q3 irbt Restructuring And Related Cost Settled Without Cash
RestructuringAndRelatedCostSettledWithoutCash
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CY2023Q3 irbt Restructuring And Related Cost Settled Without Cash
RestructuringAndRelatedCostSettledWithoutCash
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irbt Restructuring And Related Cost Settled Without Cash
RestructuringAndRelatedCostSettledWithoutCash
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irbt Restructuring And Related Cost Settled Without Cash
RestructuringAndRelatedCostSettledWithoutCash
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CY2024Q3 us-gaap Restructuring Charges
RestructuringCharges
1922000 usd
CY2023Q3 us-gaap Restructuring Charges
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152000 usd
us-gaap Restructuring Charges
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24298000 usd
us-gaap Restructuring Charges
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8236000 usd
us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
340 employee
us-gaap Restructuring Costs
RestructuringCosts
4900000 usd
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irbt Restructuring And Related Cost To Be Settled In Cash
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22690000 usd
us-gaap Payments For Restructuring
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18804000 usd
CY2024Q3 us-gaap Restructuring Reserve
RestructuringReserve
3886000 usd
irbt Number Of Sublease Agreements
NumberOfSubleaseAgreements
3 sublease_agreement
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0446
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P5Y4M13D
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1043000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1359000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
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us-gaap Operating Lease Cost
OperatingLeaseCost
4827000 usd
CY2024Q3 us-gaap Variable Lease Cost
VariableLeaseCost
716000 usd
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
646000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
2669000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
2374000 usd
CY2024Q3 us-gaap Sublease Income
SubleaseIncome
535000 usd
CY2023Q3 us-gaap Sublease Income
SubleaseIncome
495000 usd
us-gaap Sublease Income
SubleaseIncome
1526000 usd
us-gaap Sublease Income
SubleaseIncome
819000 usd
CY2024Q3 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
167000 usd
CY2023Q3 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
1034000 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
3048000 usd
CY2024Q3 us-gaap Lease Cost
LeaseCost
1391000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
1510000 usd
us-gaap Lease Cost
LeaseCost
5781000 usd
us-gaap Lease Cost
LeaseCost
9430000 usd
CY2024Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1853000 usd
CY2023Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1815000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
5095000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
6092000 usd
CY2024Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
811000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
683000 usd
CY2024Q3 irbt Operating Lease Right Of Use Asset Periodic Reduction Noncash
OperatingLeaseRightOfUseAssetPeriodicReductionNoncash
0 usd
CY2023Q3 irbt Operating Lease Right Of Use Asset Periodic Reduction Noncash
OperatingLeaseRightOfUseAssetPeriodicReductionNoncash
0 usd
irbt Operating Lease Right Of Use Asset Periodic Reduction Noncash
OperatingLeaseRightOfUseAssetPeriodicReductionNoncash
1883000 usd
irbt Operating Lease Right Of Use Asset Periodic Reduction Noncash
OperatingLeaseRightOfUseAssetPeriodicReductionNoncash
0 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
976000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
343000 usd
CY2024Q3 irbt Lessee Operating Lease Liability Payments Net Of Sublease Income Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleaseIncomeRemainderOfFiscalYear
633000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5853000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
1003000 usd
CY2024Q3 irbt Lessee Operating Lease Liability Payments Net Of Sublease Income Due Year One
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleaseIncomeDueYearOne
4850000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5907000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
1033000 usd
CY2024Q3 irbt Lessee Operating Lease Liability Payments Net Of Sublease Income Due Year Two
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleaseIncomeDueYearTwo
4874000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5315000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
1064000 usd
CY2024Q3 irbt Lessee Operating Lease Liability Payments Net Of Sublease Income Due Year Three
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleaseIncomeDueYearThree
4251000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5474000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
1096000 usd
CY2024Q3 irbt Lessee Operating Lease Liability Payments Net Of Sublease Income Due Year Four
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleaseIncomeDueYearFour
4378000 usd
CY2024Q3 irbt Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
7574000 usd
CY2024Q3 irbt Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
1513000 usd
CY2024Q3 irbt Lessee Operating Lease Liability Payments Net Of Sublease Income Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleaseIncomeDueAfterYearFour
6061000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
31099000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received
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CY2024Q3 irbt Lessee Operating Lease Liability Payments Net Of Sublease Income Due
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleaseIncomeDue
25047000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3768000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
27331000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4439000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
22892000 usd
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OperatingLeaseImpairmentLoss
900000 usd
CY2024Q3 irbt Operating Lease Right Of Use Asset Fair Value
OperatingLeaseRightOfUseAssetFairValue
900000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
175105000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5044000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1405000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
823000 usd
us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-4000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
175928000 usd
CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3635000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
19067000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
24625000 usd
CY2024Q3 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
17758000 usd
CY2023Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
12897000 usd
CY2024Q3 us-gaap Accrued Employee Benefits Current And Noncurrent
AccruedEmployeeBenefitsCurrentAndNoncurrent
14289000 usd
CY2023Q4 us-gaap Accrued Employee Benefits Current And Noncurrent
AccruedEmployeeBenefitsCurrentAndNoncurrent
13593000 usd
CY2024Q3 irbt Accrued Manufacturing And Logistics Costs
AccruedManufacturingAndLogisticsCosts
12211000 usd
CY2023Q4 irbt Accrued Manufacturing And Logistics Costs
AccruedManufacturingAndLogisticsCosts
5462000 usd
CY2024Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
4721000 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
8927000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4439000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5216000 usd
CY2024Q3 irbt Accrued Interest Current
AccruedInterestCurrent
3895000 usd
CY2023Q4 irbt Accrued Interest Current
AccruedInterestCurrent
4498000 usd
CY2024Q3 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
3571000 usd
CY2023Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
1894000 usd
CY2024Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
82000 usd
CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
7276000 usd
CY2024Q3 irbt Accrued Merger And Related Liabilities Current
AccruedMergerAndRelatedLiabilitiesCurrent
0 usd
CY2023Q4 irbt Accrued Merger And Related Liabilities Current
AccruedMergerAndRelatedLiabilitiesCurrent
4721000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
8351000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
8890000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
88384000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
97999000 usd
CY2024Q3 us-gaap Interest Expense
InterestExpense
5400000 usd
us-gaap Interest Expense
InterestExpense
16200000 usd
CY2024Q3 irbt Accrued Interest Current
AccruedInterestCurrent
3900000 usd
CY2024Q3 us-gaap Derivative Remaining Maturity1
DerivativeRemainingMaturity1
P3Y
CY2024Q3 us-gaap Revenues
Revenues
193435000 usd
CY2023Q3 us-gaap Revenues
Revenues
186176000 usd
us-gaap Revenues
Revenues
509811000 usd
us-gaap Revenues
Revenues
583036000 usd
CY2024Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
19765000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23935000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
24625000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
27379000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
3994000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
2869000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
10039000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
11229000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
4692000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
4484000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
15597000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
16288000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
19067000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
22320000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
19067000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
22320000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1100000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
600000 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.204
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.008
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1900000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5100000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.029
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.021
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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