2023 Q1 Form 10-K Financial Statement

#000138865823000007 Filed on February 23, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $111.4M $112.6M $410.9M
YoY Change 20.63% 37.67% 27.29%
Cost Of Revenue $35.76M $33.91M $129.3M
YoY Change 16.77% 11.1% 18.33%
Gross Profit $75.68M $78.71M $281.6M
YoY Change 22.54% 53.48% 31.87%
Gross Profit Margin 67.91% 69.89% 68.54%
Selling, General & Admin $100.3M $86.73M $322.2M
YoY Change 37.16% 21.11% 17.23%
% of Gross Profit 132.59% 110.19% 114.4%
Research & Development $14.84M $12.68M $46.61M
YoY Change 40.79% 6.78% 20.53%
% of Gross Profit 19.61% 16.1% 16.55%
Depreciation & Amortization $3.600M $3.475M $13.40M
YoY Change 14.54% 11.95% 36.15%
% of Gross Profit 4.76% 4.42% 4.76%
Operating Expenses $115.2M $99.41M $395.4M
YoY Change 4.42% 19.07% 26.13%
Operating Profit -$39.50M -$20.70M -$113.8M
YoY Change -18.63% -35.72% 13.85%
Interest Expense $950.0K -$1.013M $4.138M
YoY Change -53.18% 308.47% 253.98%
% of Operating Profit
Other Income/Expense, Net $1.432M $1.586M $2.036M
YoY Change 8850.0% 10473.33% 1625.42%
Pretax Income -$39.02M -$20.13M -$115.9M
YoY Change -22.82% -37.95% 14.75%
Income Tax $87.00K $73.00K $269.0K
% Of Pretax Income
Net Earnings -$39.11M -$20.20M -$116.2M
YoY Change -22.72% -37.84% 14.6%
Net Earnings / Revenue -35.1% -17.94% -28.27%
Basic Earnings Per Share -$1.29 -$3.88
Diluted Earnings Per Share -$1.29 -$0.67 -$3.88
COMMON SHARES
Basic Shares Outstanding 30.22M shares 30.11M shares 29.92M shares
Diluted Shares Outstanding 30.30M shares 29.92M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $176.3M $213.1M $213.1M
YoY Change -15.54% -10.87% -10.87%
Cash & Equivalents $52.80M $78.83M $78.83M
Short-Term Investments $123.5M $134.3M $134.3M
Other Short-Term Assets $11.61M $10.56M $10.56M
YoY Change 17.99% 8.89% 8.89%
Inventory $16.39M $15.16M $15.16M
Prepaid Expenses
Receivables $49.56M $49.92M $49.92M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $253.9M $288.8M $288.8M
YoY Change -11.34% -5.48% -5.48%
LONG-TERM ASSETS
Property, Plant & Equipment $82.21M $75.67M $136.3M
YoY Change 43.88% 35.26% -2.99%
Goodwill $862.0K $862.0K
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $25.44M $22.25M $22.25M
YoY Change 33.12% 38.62% 38.62%
Total Long-Term Assets $167.8M $159.5M $159.5M
YoY Change 17.88% 1.27% 1.27%
TOTAL ASSETS
Total Short-Term Assets $253.9M $288.8M $288.8M
Total Long-Term Assets $167.8M $159.5M $159.5M
Total Assets $421.7M $448.2M $448.2M
YoY Change -1.64% -3.18% -3.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.778M $7.517M $7.517M
YoY Change 80.64% -28.47% -28.47%
Accrued Expenses $54.61M $65.50M $78.53M
YoY Change 30.22% 27.21% 25.39%
Deferred Revenue $3.486M $3.051M
YoY Change 18.85% 0.07%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $81.90M $89.10M $89.10M
YoY Change 32.57% 1.41% 1.41%
LONG-TERM LIABILITIES
Long-Term Debt $34.94M $34.94M $34.94M
YoY Change 0.06% 260.53% 260.53%
Other Long-Term Liabilities $1.013M $1.307M $84.38M
YoY Change 21.75% 87.52% -1.78%
Total Long-Term Liabilities $35.95M $36.24M $119.3M
YoY Change 0.57% 248.92% 24.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $81.90M $89.10M $89.10M
Total Long-Term Liabilities $35.95M $36.24M $119.3M
Total Liabilities $199.9M $208.4M $208.4M
YoY Change 8.7% 13.6% 13.6%
SHAREHOLDERS EQUITY
Retained Earnings -$561.3M -$522.2M
YoY Change 22.92% 28.61%
Common Stock $783.2M $762.4M
YoY Change 11.59% 11.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $221.8M $239.8M $239.8M
YoY Change
Total Liabilities & Shareholders Equity $421.7M $448.2M $448.2M
YoY Change -1.64% -3.18% -3.18%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$39.11M -$20.20M -$116.2M
YoY Change -22.72% -37.84% 14.6%
Depreciation, Depletion And Amortization $3.600M $3.475M $13.40M
YoY Change 14.54% 11.95% 36.15%
Cash From Operating Activities -$30.75M $12.58M -$23.01M
YoY Change -20.91% -196.4% -39.05%
INVESTING ACTIVITIES
Capital Expenditures $8.423M $7.093M $29.83M
YoY Change 51.17% -253.36% 6.28%
Acquisitions
YoY Change
Other Investing Activities $12.24M -$1.021M -$22.60M
YoY Change -514.31% -95.46% -116.95%
Cash From Investing Activities $3.820M -$8.114M -$52.43M
YoY Change -144.8% -70.1% -149.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00 $21.39M
YoY Change -100.0% 83.33%
Cash From Financing Activities $905.0K 3.148M $26.72M
YoY Change -93.82% 753.12% -193.49%
NET CHANGE
Cash From Operating Activities -$30.75M 12.58M -$23.01M
Cash From Investing Activities $3.820M -8.114M -$52.43M
Cash From Financing Activities $905.0K 3.148M $26.72M
Net Change In Cash -$26.03M 7.610M -$48.73M
YoY Change -20.59% -119.12% -225.16%
FREE CASH FLOW
Cash From Operating Activities -$30.75M $12.58M -$23.01M
Capital Expenditures $8.423M $7.093M $29.83M
Free Cash Flow -$39.18M $5.483M -$52.84M
YoY Change -11.88% -165.12% -19.72%

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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
56246000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-101361000 usd
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-72000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
279515000 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
13183000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
63604000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-116155000 usd
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-335000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
239812000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-116155000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-101361000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
-43830000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
13405000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
9842000 usd
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
6900000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
57740000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
54527000 usd
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
41515000 usd
CY2022 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
474000 usd
CY2021 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-1641000 usd
CY2020 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-430000 usd
CY2022 irtc Provision For Bad Debt And Contractual Allowance
ProvisionForBadDebtAndContractualAllowance
58349000 usd
CY2021 irtc Provision For Bad Debt And Contractual Allowance
ProvisionForBadDebtAndContractualAllowance
37074000 usd
CY2020 irtc Provision For Bad Debt And Contractual Allowance
ProvisionForBadDebtAndContractualAllowance
31431000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
6204000 usd
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
6752000 usd
CY2020 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
6030000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
23164000 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022 us-gaap Other Noncash Expense
OtherNoncashExpense
264000 usd
CY2021 us-gaap Other Noncash Expense
OtherNoncashExpense
0 usd
CY2020 us-gaap Other Noncash Expense
OtherNoncashExpense
0 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
61837000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
53572000 usd
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
37957000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5108000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4960000 usd
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1389000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
862000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2329000 usd
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3027000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
6200000 usd
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
1831000 usd
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
6149000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2993000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
6135000 usd
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3881000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
14473000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
7946000 usd
CY2020 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1308000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2119000 usd
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-321000 usd
CY2022 irtc Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-6263000 usd
CY2021 irtc Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-2087000 usd
CY2020 irtc Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-4819000 usd
CY2022 irtc Reimbursement Of Tenant Improvement Allowance
ReimbursementOfTenantImprovementAllowance
3279000 usd
CY2021 irtc Reimbursement Of Tenant Improvement Allowance
ReimbursementOfTenantImprovementAllowance
2351000 usd
CY2020 irtc Reimbursement Of Tenant Improvement Allowance
ReimbursementOfTenantImprovementAllowance
0 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-23012000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-37753000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13759000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
29830000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
28067000 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13551000 usd
CY2022 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
188569000 usd
CY2021 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
122184000 usd
CY2020 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
277510000 usd
CY2022 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
34965000 usd
CY2021 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
0 usd
CY2020 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
14525000 usd
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
131000000 usd
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
255515000 usd
CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
144145000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-52434000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
105264000 usd
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-132391000 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
21389000 usd
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
11667000 usd
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1944000 usd
CY2022 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
35000000 usd
CY2021 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 usd
CY2020 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
206025000 usd
CY2022 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
13182000 usd
CY2021 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
8943000 usd
CY2020 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
20244000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
25853000 usd
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
10009000 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
77000 usd
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
CY2020 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
26716000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-28577000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
214316000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-48730000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
38934000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
68166000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
127562000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
88628000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20462000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
78832000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
127562000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
88628000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
3317000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
1194000 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
1502000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
287000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
160000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
9000 usd
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7686000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6625000 usd
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
621000 usd
CY2022 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
5863000 usd
CY2021 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3593000 usd
CY2020 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1129000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">Use of Estimates</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the years presented. On an ongoing basis, management evaluates its estimates, including those related to revenue recognition, contractual allowances, allowance for doubtful accounts, the useful lives of property and equipment, the recoverability of long-lived assets including the estimated usage of the printed circuit board assemblies (“PCBAs”), the incremental borrowing rate for operating leases, accounting for income taxes, impairment of right-of-use ("ROU") assets, and various inputs used in estimating stock-based compensation. Actual results may differ from those estimates.</span></div>
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 operating_segment
CY2020 irtc Impairment Charges Unrealized Losses On Short Term Investments
ImpairmentChargesUnrealizedLossesOnShortTermInvestments
0 usd
CY2021 irtc Impairment Charges Unrealized Losses On Short Term Investments
ImpairmentChargesUnrealizedLossesOnShortTermInvestments
0 usd
CY2022 irtc Impairment Charges Unrealized Losses On Short Term Investments
ImpairmentChargesUnrealizedLossesOnShortTermInvestments
0 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
14012000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
12711000 usd
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
9049000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
17191000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
9615000 usd
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
10515000 usd
CY2022 irtc Allowance For Doubtful Accounts Receivable Write Offs Net Of Recoveries And Other Adjustments
AllowanceForDoubtfulAccountsReceivableWriteOffsNetOfRecoveriesAndOtherAdjustments
12728000 usd
CY2021 irtc Allowance For Doubtful Accounts Receivable Write Offs Net Of Recoveries And Other Adjustments
AllowanceForDoubtfulAccountsReceivableWriteOffsNetOfRecoveriesAndOtherAdjustments
8314000 usd
CY2020 irtc Allowance For Doubtful Accounts Receivable Write Offs Net Of Recoveries And Other Adjustments
AllowanceForDoubtfulAccountsReceivableWriteOffsNetOfRecoveriesAndOtherAdjustments
7314000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
18475000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
14012000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
12711000 usd
CY2021Q4 irtc Accounts Receivable For Contractual Allowance
AccountsReceivableForContractualAllowance
31274000 usd
CY2020Q4 irtc Accounts Receivable For Contractual Allowance
AccountsReceivableForContractualAllowance
21281000 usd
CY2019Q4 irtc Accounts Receivable For Contractual Allowance
AccountsReceivableForContractualAllowance
15433000 usd
CY2022 irtc Accounts Receivable Allowance For Contractual Adjustments
AccountsReceivableAllowanceForContractualAdjustments
41158000 usd
CY2021 irtc Accounts Receivable Allowance For Contractual Adjustments
AccountsReceivableAllowanceForContractualAdjustments
27459000 usd
CY2020 irtc Accounts Receivable Allowance For Contractual Adjustments
AccountsReceivableAllowanceForContractualAdjustments
20916000 usd
CY2022 irtc Accounts Receivable Contractual Adjustments
AccountsReceivableContractualAdjustments
31043000 usd
CY2021 irtc Accounts Receivable Contractual Adjustments
AccountsReceivableContractualAdjustments
17466000 usd
CY2020 irtc Accounts Receivable Contractual Adjustments
AccountsReceivableContractualAdjustments
15068000 usd
CY2022Q4 irtc Accounts Receivable For Contractual Allowance
AccountsReceivableForContractualAllowance
41389000 usd
CY2021Q4 irtc Accounts Receivable For Contractual Allowance
AccountsReceivableForContractualAllowance
31274000 usd
CY2020Q4 irtc Accounts Receivable For Contractual Allowance
AccountsReceivableForContractualAllowance
21281000 usd
CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Risk</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Credit Risk</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to a concentration of credit risk consist primarily of cash and cash equivalents, investments and accounts receivable. Cash balances are deposited in financial institutions which, at times, may be in excess of federally insured limits. Cash equivalents are invested in highly rated money market funds. The Company invests in a variety of financial instruments, such as, but not limited to, U.S. government securities, corporate notes, commercial paper and, by policy, limits the amount of credit exposure with any one financial institution or commercial issuer. The Company has not experienced any material losses on its deposits of cash and cash equivalents or investments.</span></div>Concentrations of credit risk with respect to accounts receivable are limited due to the large number of customers comprising the Company’s customer base and their dispersion across many geographies. The Company does not require collateral. The Company records an allowance for doubtful accounts based on the assessment of the collectability of customer accounts, considering factors such as historical experience, credit quality, the age of the accounts receivable balances, and current economic conditions that may affect a customer’s ability to pay.
CY2022 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reporting_unit
CY2022 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
23200000 usd
CY2022Q4 irtc Number Of Zio System Options
NumberOfZioSystemOptions
3 systemoption
CY2022Q4 irtc Number Of Performance Obligations
NumberOfPerformanceObligations
2 performanceobligation
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
410921000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
322825000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
265166000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3000000 usd
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
900000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
158972000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
12000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
409000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
158575000 usd
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
24263000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
134312000 usd
CY2022Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
158575000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
221767000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
61000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
221706000 usd
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
110137000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
111569000 usd
CY2021Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
221706000 usd
CY2022 irtc Available For Sale Debt Securities Maturity Period
AvailableForSaleDebtSecuritiesMaturityPeriod
P114D
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
158575000 usd
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
221706000 usd
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
762000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
9338000 usd
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
5101000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
5817000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
5167000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
15155000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
10268000 usd
CY2022Q4 irtc Printed Circuit Board Assemblies
PrintedCircuitBoardAssemblies
18599000 usd
CY2021Q4 irtc Printed Circuit Board Assemblies
PrintedCircuitBoardAssemblies
13863000 usd
CY2022Q4 irtc Cloud Computing Arrangements
CloudComputingArrangements
2523000 usd
CY2021Q4 irtc Cloud Computing Arrangements
CloudComputingArrangements
1427000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1130000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
22252000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
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16052000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
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110886000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
78648000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
35216000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
22704000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
75670000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
55944000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13400000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9800000 usd
CY2020 us-gaap Depreciation Depletion And Amortization
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6900000 usd
CY2022 us-gaap Capitalized Computer Software Additions
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26300000 usd
CY2022Q4 us-gaap Accrued Salaries Current
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34752000 usd
CY2021Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
34484000 usd
CY2022Q4 us-gaap Accrued Vacation Current
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8608000 usd
CY2021Q4 us-gaap Accrued Vacation Current
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7431000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
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7234000 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1724000 usd
CY2022Q4 irtc Accrued Expenses Current
AccruedExpensesCurrent
7006000 usd
CY2021Q4 irtc Accrued Expenses Current
AccruedExpensesCurrent
3112000 usd
CY2022Q4 irtc Claims Payable Current
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4464000 usd
CY2021Q4 irtc Claims Payable Current
ClaimsPayableCurrent
2988000 usd
CY2022Q4 irtc Accrued State Local And Foreign Taxes
AccruedStateLocalAndForeignTaxes
2388000 usd
CY2021Q4 irtc Accrued State Local And Foreign Taxes
AccruedStateLocalAndForeignTaxes
745000 usd
CY2022Q4 irtc Accrued Employee Stock Purchase Plan Contribution
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1045000 usd
CY2021Q4 irtc Accrued Employee Stock Purchase Plan Contribution
AccruedEmployeeStockPurchasePlanContribution
1002000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
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65497000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
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51486000 usd
CY2022Q1 irtc Reduction To Leased Square Footage Percent
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0.50
CY2022 us-gaap Asset Impairment Charges
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23200000 usd
CY2022 us-gaap Restructuring Charges
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3444000 usd
CY2022 us-gaap Asset Impairment Charges
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23164000 usd
CY2022 us-gaap Restructuring Costs And Asset Impairment Charges
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26608000 usd
CY2022Q1 irtc Sublease Of Majority Floor Space
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1 floor
CY2022Q1 irtc Lessee Operating Sublease Lease Percentage
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0.50
CY2022 us-gaap Asset Impairment Charges
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23164000 usd
CY2022Q4 us-gaap Purchase Obligation Due In Next Twelve Months
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62000000 usd
CY2022Q4 us-gaap Purchase Obligation Due In Second Year
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1500000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
20826000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
20586000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
20379000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
20131000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
19731000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
31003000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
132656000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
36553000 usd
CY2022Q4 us-gaap Operating Lease Liability
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96103000 usd
CY2022 us-gaap Operating Lease Cost
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13524000 usd
CY2021 us-gaap Operating Lease Cost
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13500000 usd
CY2020 us-gaap Operating Lease Cost
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12800000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P8Y9M
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P9Y7M13D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P10Y7M2D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.073
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.073
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.074
CY2022Q4 irtc Collaboration Agreement Additional Milestone Payments Between2022 And Early2023
CollaborationAgreementAdditionalMilestonePaymentsBetween2022AndEarly2023
1750000 usd
CY2022Q4 irtc Collaboration Agreement Milestone Payments
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0 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
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1800000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
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0 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
160000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
223000 usd
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
181000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
111000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
150000 usd
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
59000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
271000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
373000 usd
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
240000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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0 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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0 usd
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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0 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
269000 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
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182000 usd
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
177000 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2498000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
367000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
229000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-24323000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-21198000 usd
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-9172000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
160000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
223000 usd
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
181000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-3492000 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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-7049000 usd
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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-20762000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
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348000 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
4856000 usd
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
544000 usd
CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
526000 usd
CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-347000 usd
CY2020 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
89000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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111236000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
2695000 usd
CY2021 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
381000 usd
CY2020 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
1426000 usd
CY2022 irtc Income Tax Reconciliation Effect Of Tax Cuts And Jobs Act Of2017
IncomeTaxReconciliationEffectOfTaxCutsAndJobsActOf2017
-40000 usd
CY2021 irtc Income Tax Reconciliation Effect Of Tax Cuts And Jobs Act Of2017
IncomeTaxReconciliationEffectOfTaxCutsAndJobsActOf2017
-30000 usd
CY2020 irtc Income Tax Reconciliation Effect Of Tax Cuts And Jobs Act Of2017
IncomeTaxReconciliationEffectOfTaxCutsAndJobsActOf2017
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CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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27287000 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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24111000 usd
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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30607000 usd
CY2022 us-gaap Income Tax Expense Benefit
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269000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
367000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
229000 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
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23964000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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114856000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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29455000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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9174000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
11942000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
9812000 usd
CY2022Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
15997000 usd
CY2021Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
0 usd
CY2022Q4 irtc Deferred Tax Assets Valuation Allowances And Other
DeferredTaxAssetsValuationAllowancesAndOther
19399000 usd
CY2021Q4 irtc Deferred Tax Assets Valuation Allowances And Other
DeferredTaxAssetsValuationAllowancesAndOther
20988000 usd
CY2022Q4 irtc Deferred Tax Assets Lease Obligations
DeferredTaxAssetsLeaseObligations
24232000 usd
CY2021Q4 irtc Deferred Tax Assets Lease Obligations
DeferredTaxAssetsLeaseObligations
23868000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
212261000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
178698000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
188070000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
154734000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
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24191000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
9402000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
3212000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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14731000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
20696000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
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24133000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities
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23908000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
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58000 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
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56000 usd
CY2022Q4 irtc Operating Loss Carryforwards Tax Benefit Recognized
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CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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33300000 usd
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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30900000 usd
CY2020 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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35400000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022 irtc Valuation Allowance Deferred Tax Asset Additions
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CY2022 irtc Valuation Allowance Deferred Tax Asset Deductions
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
188070000 usd
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
123803000 usd
CY2021 irtc Valuation Allowance Deferred Tax Asset Additions
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30931000 usd
CY2021 irtc Valuation Allowance Deferred Tax Asset Deductions
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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154734000 usd
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2020 irtc Valuation Allowance Deferred Tax Asset Additions
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35370000 usd
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CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
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123803000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
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445000000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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285500000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
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3310000 usd
CY2020Q4 us-gaap Unrecognized Tax Benefits
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2302000 usd
CY2019Q4 us-gaap Unrecognized Tax Benefits
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1842000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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996000 usd
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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772000 usd
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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488000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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426000 usd
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
236000 usd
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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0 usd
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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0 usd
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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4732000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
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3310000 usd
CY2020Q4 us-gaap Unrecognized Tax Benefits
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2302000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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4700000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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3300000 usd
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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2300000 usd
CY2022Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
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0 usd
CY2020Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0 usd
CY2021Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
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0 usd
CY2022 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
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0.10
CY2022Q4 us-gaap Common Stock Shares Authorized
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100000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.001
CY2022Q4 us-gaap Preferred Stock Shares Authorized
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5000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.001
CY2022 us-gaap Dividends Common Stock
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0 usd
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
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CY2021Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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11164880 shares
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
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0.50
CY2022 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Amount
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5000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
5100000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3300000 usd
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
2200000 usd
CY2021Q4 irtc Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedAndExpectedToVestOutstandingNumber
500000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
609881 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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40.18
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P6Y2M26D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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120163000 usd
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
31.15
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
14836 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
68.81
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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504106 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
40.97
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y2M12D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
38675000 usd
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
174539 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
36.82
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1374 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
83.15
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
328193 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
43.00
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y5M4D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
16635000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
327768 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
42.95
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y5M4D
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
16631000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
328191 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
43.00
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P4Y5M4D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
16635000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2400000 usd
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2800000 usd
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
4900000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
57740000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
54527000 usd
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
41515000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-116155000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-101361000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-43830000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29915720 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29915720 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29331010 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29331010 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27754404 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27754404 shares
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.88
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.88
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.46
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.46
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.58
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.58
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2353948 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2153667 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1724040 shares
CY2022 dei Auditor Firm
AuditorFirmId
238

Files In Submission

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irtc-20221231_pre.xml Edgar Link unprocessable
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0001388658-23-000007-index.html Edgar Link pending
0001388658-23-000007.txt Edgar Link pending
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ex1019-murphypatrickm_offe.htm Edgar Link pending
ex1020-turakhiaminangmintu.htm Edgar Link pending
ex1021-pattersonchadm_offe.htm Edgar Link pending
ex1022-bobzienbricea_offer.htm Edgar Link pending
ex211listofsubsidiaries.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
irtc-20221231.htm Edgar Link pending
irtc-20221231.xsd Edgar Link pending
irtc-20221231xex231.htm Edgar Link pending
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irtc-20221231_cal.xml Edgar Link unprocessable
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irtc-20221231_lab.xml Edgar Link unprocessable
irtc-20221231_htm.xml Edgar Link completed
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