2024 Q2 Form 10-Q Financial Statement

#000141881924000023 Filed on April 18, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $201.1M $203.9M
YoY Change 4.12% -0.69%
Cost Of Revenue $53.41M $60.33M
YoY Change 3.62% -5.36%
Gross Profit $147.7M $143.5M
YoY Change 4.3% 1.41%
Gross Profit Margin 73.44% 70.41%
Selling, General & Admin $46.72M $35.31M
YoY Change 25.13% -8.72%
% of Gross Profit 31.64% 24.6%
Research & Development $6.512M $7.198M
YoY Change 15.75% 85.61%
% of Gross Profit 4.41% 5.02%
Depreciation & Amortization $50.78M $49.74M
YoY Change -55.68% -34.39%
% of Gross Profit 34.39% 34.66%
Operating Expenses $53.24M $92.25M
YoY Change -66.21% 116.75%
Operating Profit $43.65M $51.27M
YoY Change -373.28% 121.49%
Interest Expense -$23.80M -$20.66M
YoY Change 27.1% 15.5%
% of Operating Profit -54.52% -40.3%
Other Income/Expense, Net -$24.44M $43.00K
YoY Change -5933.65% -100.24%
Pretax Income $19.20M $29.15M
YoY Change -156.02% 430.02%
Income Tax $4.600M $7.931M
% Of Pretax Income 23.96% 27.21%
Net Earnings $32.34M $19.65M
YoY Change -205.19% 101.05%
Net Earnings / Revenue 16.08% 9.64%
Basic Earnings Per Share $0.27 $0.16
Diluted Earnings Per Share $0.27 $0.16
COMMON SHARES
Basic Shares Outstanding 121.4M shares 122.4M shares
Diluted Shares Outstanding 121.2M shares 124.0M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $63.54M $174.0M
YoY Change -38.58% 37.47%
Cash & Equivalents $63.54M $162.5M
Short-Term Investments
Other Short-Term Assets $15.89M $14.31M
YoY Change -8.27% 1.07%
Inventory $85.82M $92.54M
Prepaid Expenses
Receivables $96.19M $95.92M
Other Receivables $0.00 $0.00
Total Short-Term Assets $264.4M $376.8M
YoY Change -1.59% 35.18%
LONG-TERM ASSETS
Property, Plant & Equipment $2.127B $2.158B
YoY Change -7.17% -9.45%
Goodwill $100.3M
YoY Change
Intangibles $95.61M $40.98M
YoY Change 128.01% -2.87%
Long-Term Investments $43.53M $65.56M
YoY Change -38.12% -8.97%
Other Assets $87.15M $94.38M
YoY Change -19.69% -0.81%
Total Long-Term Assets $2.453B $2.359B
YoY Change -2.33% -9.02%
TOTAL ASSETS
Total Short-Term Assets $264.4M $376.8M
Total Long-Term Assets $2.453B $2.359B
Total Assets $2.718B $2.736B
YoY Change -2.26% -4.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.03M $22.55M
YoY Change -39.53% -4.73%
Accrued Expenses $44.58M $42.93M
YoY Change -8.99% -1.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $16.25M $16.25M
YoY Change -1.52% -1.52%
Total Short-Term Liabilities $117.5M $113.0M
YoY Change -5.42% -2.85%
LONG-TERM LIABILITIES
Long-Term Debt $1.635B $1.588B
YoY Change 11.62% 8.17%
Other Long-Term Liabilities $15.72M $58.00M
YoY Change -72.97% 276.98%
Total Long-Term Liabilities $15.72M $1.646B
YoY Change -98.97% 10595.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $117.5M $113.0M
Total Long-Term Liabilities $15.72M $1.646B
Total Liabilities $1.931B $1.882B
YoY Change 8.46% 5.39%
SHAREHOLDERS EQUITY
Retained Earnings -$292.2M -$256.3M
YoY Change 71.38% 208.37%
Common Stock $1.044B $1.070B
YoY Change -6.7% -5.07%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.000M
YoY Change
Treasury Stock Shares
Shareholders Equity $786.7M $853.7M
YoY Change
Total Liabilities & Shareholders Equity $2.718B $2.736B
YoY Change -2.26% -4.73%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $32.34M $19.65M
YoY Change -205.19% 101.05%
Depreciation, Depletion And Amortization $50.78M $49.74M
YoY Change -55.68% -34.39%
Cash From Operating Activities $81.11M $71.43M
YoY Change -6.82% 3.6%
INVESTING ACTIVITIES
Capital Expenditures $12.44M $14.56M
YoY Change -44.41% -36.42%
Acquisitions
YoY Change
Other Investing Activities -$110.7M $0.00
YoY Change -100.0%
Cash From Investing Activities -$123.2M -$14.56M
YoY Change 450.24% -55.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -68.37M 45.52M
YoY Change -21.4% -158.39%
NET CHANGE
Cash From Operating Activities 81.11M 71.43M
Cash From Investing Activities -123.2M -14.56M
Cash From Financing Activities -68.37M 45.52M
Net Change In Cash -110.4M 102.4M
YoY Change 394.8% -342.75%
FREE CASH FLOW
Cash From Operating Activities $81.11M $71.43M
Capital Expenditures $12.44M $14.56M
Free Cash Flow $68.67M $56.86M
YoY Change 6.19% 23.51%

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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
102155000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-42178000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71870000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
168770000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
174025000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
126592000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
20876000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
18774000 usd
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1350000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
903000 usd
CY2024Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3277000 usd
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6403000 usd
CY2024Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1556000 usd
CY2023Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
401000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1026000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1680000 usd
CY2024Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
47952000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
48698000 usd
CY2024Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
45410000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
43599000 usd
CY2024Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
824000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1162000 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
92538000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
91135000 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
174025000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
71870000 usd
CY2024Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
3100000 usd
CY2023Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
5400000 usd
CY2023Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
368000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
7.46
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
19993000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
814000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11.10
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y10M24D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
41365000 usd
CY2024Q1 irdm Total Authorized Preferred Stock Number
TotalAuthorizedPreferredStockNumber
2000000 shares
CY2024Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
3100000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
9293000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
12391000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
12391000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
12391000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
12391000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
82106000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
140963000 usd
CY2024Q1 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
200000 usd
CY2024Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1600000 usd
CY2024Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
23185000 usd
CY2023Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
21336000 usd
CY2024Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
623000 usd
CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1111000 usd
CY2024Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1058000 usd
CY2023Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1330000 usd
CY2024Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1100000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1000000 usd
CY2024Q1 us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
9900000 usd
CY2023Q1 us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
7700000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
6733000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-9656000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
-2346000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
2936000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
9421592 shares
CY2024Q1 irdm Share Base Compensation Award Reduction In Shares Available For Issuance By Shares Issued Pursuant To Any Appreciation Award
ShareBaseCompensationAwardReductionInSharesAvailableForIssuanceBySharesIssuedPursuantToAnyAppreciationAward
1 shares
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
1
CY2024Q1 irdm Share Base Compensation Award Reduction In Shares Available For Issuance By Shares Issued Pursuant To Any Stock Award That Is Not An Appreciation Award
ShareBaseCompensationAwardReductionInSharesAvailableForIssuanceBySharesIssuedPursuantToAnyStockAwardThatIsNotAnAppreciationAward
1.8 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
676000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11.55
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y4M20D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
20036000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
1000 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Period Increase Decrease Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice
18.45
CY2024Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
207000 shares
CY2024Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
10.04
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3639000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
468000 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.21
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y6M14D
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
6540000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1185000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.97
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y7M20D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
49094000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
3000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Period Increase Decrease Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice
10.25
CY2024Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
1500000 shares
CY2024Q1 us-gaap Preferred Stock Share Subscriptions
PreferredStockShareSubscriptions
500000 shares
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.13
CY2024Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1600000 usd
CY2024Q1 us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
1800000 shares
CY2023Q1 us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
900000 shares
CY2024Q1 us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
55600000 usd
CY2023Q1 us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
53100000 usd
CY2024Q1 irdm Treasury Stock Value Tax
TreasuryStockValueTax
600000 usd
CY2024Q1 us-gaap Treasury Stock Value
TreasuryStockValue
1000000 usd
CY2024Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
277400000 usd
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
11400000 usd
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
14300000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
29200000 usd
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7900000 usd
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.272 rate
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 rate
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5500000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5500000 usd
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.996 rate
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 rate
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19653000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9775000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
123151000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127058000 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
123993000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
128738000 shares
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08

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