2021 Q4 Form 10-Q Financial Statement

#000162828021021632 Filed on November 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2020 Q3
Revenue $448.4M $452.4M
YoY Change -6.35% 0.56%
Cost Of Revenue $216.2M $246.7M
YoY Change -13.24% -8.53%
Gross Profit $232.2M $205.7M
YoY Change 1.13% 22.66%
Gross Profit Margin 51.78% 45.47%
Selling, General & Admin $63.30M $56.30M
YoY Change 3.26% -0.71%
% of Gross Profit 27.26% 27.37%
Research & Development $54.10M $50.40M
YoY Change 2.46% 1.0%
% of Gross Profit 23.3% 24.5%
Depreciation & Amortization $20.40M $23.80M
YoY Change -14.29% -24.68%
% of Gross Profit 8.79% 11.57%
Operating Expenses $116.3M $106.7M
YoY Change 1.75% -1.11%
Operating Profit $115.9M $99.00M
YoY Change 0.52% 65.55%
Interest Expense $16.90M $16.00M
YoY Change 3.68% 40.35%
% of Operating Profit 14.58% 16.16%
Other Income/Expense, Net $600.0K $600.0K
YoY Change -166.67% -88.0%
Pretax Income $99.60M $83.60M
YoY Change 1.53% 56.55%
Income Tax $18.10M $16.50M
% Of Pretax Income 18.17% 19.74%
Net Earnings $81.50M $67.10M
YoY Change -2.04% 40.97%
Net Earnings / Revenue 18.18% 14.83%
Basic Earnings Per Share $1.12 $0.89
Diluted Earnings Per Share $1.08 $0.86
COMMON SHARES
Basic Shares Outstanding 72.70M shares 75.30M shares
Diluted Shares Outstanding 75.40M shares 78.20M shares

Balance Sheet

Concept 2021 Q4 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.885B $1.611B
YoY Change 10.84% 93.85%
Cash & Equivalents $611.0M $269.5M
Short-Term Investments $1.274B $1.341B
Other Short-Term Assets $68.20M $79.80M
YoY Change -16.93% 58.02%
Inventory $207.0M $212.6M
Prepaid Expenses
Receivables $263.2M $263.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.423B $2.167B
YoY Change 6.92% 52.24%
LONG-TERM ASSETS
Property, Plant & Equipment $428.4M $468.1M
YoY Change -6.38% 7.19%
Goodwill $368.9M $368.9M
YoY Change 0.0% 0.0%
Intangibles $219.8M $296.1M
YoY Change -22.93% -21.38%
Long-Term Investments
YoY Change
Other Assets $6.000M $6.000M
YoY Change 11.11% 30.43%
Total Long-Term Assets $1.096B $1.221B
YoY Change -8.82% -15.5%
TOTAL ASSETS
Total Short-Term Assets $2.423B $2.167B
Total Long-Term Assets $1.096B $1.221B
Total Assets $3.519B $3.387B
YoY Change 1.46% 18.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $101.6M $146.0M
YoY Change -8.72% -4.07%
Accrued Expenses $40.40M $34.30M
YoY Change 23.55% -33.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $395.8M $400.0K
YoY Change 3.99% -97.48%
Total Short-Term Liabilities $611.7M $293.4M
YoY Change -5.5% -7.39%
LONG-TERM LIABILITIES
Long-Term Debt $800.0M $1.135B
YoY Change 4.02% 35.08%
Other Long-Term Liabilities $42.90M $38.80M
YoY Change 12.6% 20.87%
Total Long-Term Liabilities $42.90M $38.80M
YoY Change 12.6% 20.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $611.7M $293.4M
Total Long-Term Liabilities $42.90M $38.80M
Total Liabilities $1.548B $1.571B
YoY Change 0.08% 20.27%
SHAREHOLDERS EQUITY
Retained Earnings $210.7M $131.7M
YoY Change -1.95% -25.47%
Common Stock $100.0K $100.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.971B $1.816B
YoY Change
Total Liabilities & Shareholders Equity $3.519B $3.387B
YoY Change 1.46% 18.12%

Cashflow Statement

Concept 2021 Q4 2020 Q3
OPERATING ACTIVITIES
Net Income $81.50M $67.10M
YoY Change -2.04% 40.97%
Depreciation, Depletion And Amortization $20.40M $23.80M
YoY Change -14.29% -24.68%
Cash From Operating Activities $61.90M $104.7M
YoY Change -51.83% 19.66%
INVESTING ACTIVITIES
Capital Expenditures $17.90M $26.30M
YoY Change -152.34% 21.2%
Acquisitions
YoY Change
Other Investing Activities -$99.00M -$87.70M
YoY Change 142.65% -297.52%
Cash From Investing Activities -$116.9M -$114.0M
YoY Change 55.87% -625.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $91.70M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$108.3M -$19.20M
YoY Change 6270.59% 585.71%
NET CHANGE
Cash From Operating Activities $61.90M $104.7M
Cash From Investing Activities -$116.9M -$114.0M
Cash From Financing Activities -$108.3M -$19.20M
Net Change In Cash -$163.3M -$28.50M
YoY Change -415.25% -126.79%
FREE CASH FLOW
Cash From Operating Activities $61.90M $104.7M
Capital Expenditures $17.90M $26.30M
Free Cash Flow $44.00M $78.40M
YoY Change -72.96% 19.15%

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CY2021Q4 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-10500000 USD
CY2020Q3 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-5400000 USD
CY2021Q4 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-11400000 USD
CY2020Q3 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-9500000 USD
CY2021Q4 lite Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-9800000 USD
CY2020Q3 lite Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
1600000 USD
CY2021Q4 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
3100000 USD
CY2020Q3 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
16300000 USD
CY2021Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
61900000 USD
CY2020Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
104700000 USD
CY2021Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17900000 USD
CY2020Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
26300000 USD
CY2021Q4 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2020Q3 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
500000 USD
CY2021Q4 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
255900000 USD
CY2020Q3 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
491500000 USD
CY2021Q4 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
151000000.0 USD
CY2020Q3 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
403300000 USD
CY2021Q4 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5900000 USD
CY2020Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2021Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-116900000 USD
CY2020Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-114000000.0 USD
CY2021Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
91700000 USD
CY2020Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2021Q4 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
16600000 USD
CY2020Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
19100000 USD
CY2021Q4 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0 USD
CY2020Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
200000 USD
CY2021Q4 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2020Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
100000 USD
CY2021Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-108300000 USD
CY2020Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-19200000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-163300000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-28500000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
774300000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
298000000.0 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
611000000.0 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
269500000 USD
CY2021Q4 us-gaap Income Taxes Paid
IncomeTaxesPaid
36300000 USD
CY2020Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
2000000.0 USD
CY2021Q4 us-gaap Interest Paid Net
InterestPaidNet
600000 USD
CY2020Q3 us-gaap Interest Paid Net
InterestPaidNet
600000 USD
CY2021Q4 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5800000 USD
CY2020Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
11100000 USD
CY2021Q4 lite Repurchase Of Common Stock Pending Settlement
RepurchaseOfCommonStockPendingSettlement
5100000 USD
CY2020Q3 lite Repurchase Of Common Stock Pending Settlement
RepurchaseOfCommonStockPendingSettlement
0 USD
CY2021Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10500000 USD
CY2020Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2021Q4 us-gaap Fiscal Period
FiscalPeriod
<div style="margin-bottom:8pt;margin-top:8pt;text-align:justify;text-indent:22.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Fiscal Years</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We utilize a 52-53 week fiscal year ending on the Saturday closest to June 30th. Every fifth or sixth fiscal year will have a 53-week period. The additional week in a 53-week year is added to the third quarter, making such quarter consist of 14 weeks. Our fiscal 2022 is a 52-week year ending on July 2, 2022, with the quarter ended October 2, 2021 being a 13-week quarterly period. Our fiscal 2021 was a 53-week year that ended on July 3, 2021, with the quarter ended September 26, 2020 being a 13-week quarterly period.</span></div>
CY2021Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
81500000 USD
CY2021Q4 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
81500000 USD
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
81500000 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
67100000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
67100000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
67100000 USD
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72700000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75300000 shares
CY2021Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
600000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
900000 shares
CY2021Q4 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
2100000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
2000000.0 shares
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
200000 USD
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75400000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78200000 shares
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.12
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.89
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.08
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.08
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
CY2021Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
400000 shares
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
500000 shares
CY2021Q4 us-gaap Cash
Cash
196100000 USD
CY2021Q4 us-gaap Cash
Cash
196100000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
611000000.0 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
611000000.0 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1273400000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
400000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1273600000 USD
CY2021Q3 us-gaap Cash
Cash
128300000 USD
CY2021Q3 us-gaap Cash
Cash
128300000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
774300000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
774300000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1171800000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
300000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
400000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1171700000 USD
CY2021Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
600000 USD
CY2020Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
600000 USD
CY2021Q4 us-gaap Investment Income Interest
InvestmentIncomeInterest
600000 USD
CY2020Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
2400000 USD
CY2021Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
4100000 USD
CY2021Q3 us-gaap Interest Receivable Current
InterestReceivableCurrent
4100000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
693300000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
200000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
617500000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
400000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
714300000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
714500000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
587000000.0 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
587100000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
559100000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
559100000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
584800000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
584600000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
1273400000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1273600000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
1171800000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1171700000 USD
CY2021Q4 us-gaap Cash
Cash
196100000 USD
CY2021Q3 us-gaap Cash
Cash
128300000 USD
CY2021Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
800000000.0 USD
CY2021Q4 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
395800000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
300000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
400000 USD
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
64500000 USD
CY2021Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
64400000 USD
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
85400000 USD
CY2021Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
79000000.0 USD
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
57100000 USD
CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
53000000.0 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
207000000.0 USD
CY2021Q3 us-gaap Inventory Net
InventoryNet
196400000 USD
CY2021Q4 lite Operating Lease Rightof Use Asset Gross
OperatingLeaseRightofUseAssetGross
97800000 USD
CY2021Q3 lite Operating Lease Rightof Use Asset Gross
OperatingLeaseRightofUseAssetGross
87300000 USD
CY2021Q4 lite Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
22600000 USD
CY2021Q3 lite Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
19900000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
75200000 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
67400000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
775600000 USD
CY2021Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
772000000.0 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
422400000 USD
CY2021Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
410900000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
353200000 USD
CY2021Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
361100000 USD
CY2021Q4 us-gaap Depreciation
Depreciation
20400000 USD
CY2020Q3 us-gaap Depreciation
Depreciation
23800000 USD
CY2021Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
800000 USD
CY2021Q3 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
5700000 USD
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5100000 USD
CY2021Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5000000.0 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0 USD
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
600000 USD
CY2021Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
9400000 USD
CY2021Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
43500000 USD
CY2021Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
4000000.0 USD
CY2021Q3 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
3000000.0 USD
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
19300000 USD
CY2021Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
57800000 USD
CY2021Q4 us-gaap Income Taxes Paid
IncomeTaxesPaid
36300000 USD
CY2021Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
4700000 USD
CY2021Q3 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
4700000 USD
CY2021Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
11200000 USD
CY2021Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
10800000 USD
CY2021Q4 lite Unrecognized Tax Benefits Noncurrent
UnrecognizedTaxBenefitsNoncurrent
24700000 USD
CY2021Q3 lite Unrecognized Tax Benefits Noncurrent
UnrecognizedTaxBenefitsNoncurrent
23000000.0 USD
CY2021Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
2300000 USD
CY2021Q3 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
2400000 USD
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
42900000 USD
CY2021Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
40900000 USD
CY2021Q4 lite Sublease Income Term
SubleaseIncomeTerm
P2Y
CY2021Q4 lite Finance Lease Cost
FinanceLeaseCost
0 USD
CY2020Q3 lite Finance Lease Cost
FinanceLeaseCost
200000 USD
CY2021Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
3400000 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
3600000 USD
CY2021Q4 us-gaap Variable Lease Cost
VariableLeaseCost
400000 USD
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
400000 USD
CY2021Q4 lite Short Term And Variable Lease Cost
ShortTermAndVariableLeaseCost
100000 USD
CY2020Q3 lite Short Term And Variable Lease Cost
ShortTermAndVariableLeaseCost
700000 USD
CY2021Q4 us-gaap Sublease Income
SubleaseIncome
800000 USD
CY2020Q3 us-gaap Sublease Income
SubleaseIncome
700000 USD
CY2021Q4 us-gaap Lease Cost
LeaseCost
3100000 USD
CY2020Q3 us-gaap Lease Cost
LeaseCost
4200000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y7M6D
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y2M12D
CY2020Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y9M18D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.032
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.035
CY2020Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.044
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
10300000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
12600000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
11900000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
9000000.0 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8000000.0 USD
CY2021Q4 lite Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
26000000.0 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
77800000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
8600000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
69200000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
2400000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
400000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
368900000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
368900000 USD
CY2021Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
560000000.0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
340200000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
219800000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
560000000.0 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
318800000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
241200000 USD
CY2021Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21400000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20700000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
5800000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
6400000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
456400000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
5300000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
5300000 USD
CY2021Q4 lite Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
1052400000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1531600000 USD
CY2021Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
300000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1500000 USD
CY2021Q3 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
5700000 USD
CY2020Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
5200000 USD
CY2021Q4 us-gaap Restructuring Charges
RestructuringCharges
-1100000 USD
CY2020Q3 us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2021Q4 us-gaap Payments For Restructuring
PaymentsForRestructuring
3800000 USD
CY2020Q3 us-gaap Payments For Restructuring
PaymentsForRestructuring
800000 USD
CY2021Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
800000 USD
CY2020Q3 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
4400000 USD
CY2021Q4 us-gaap Restructuring Charges
RestructuringCharges
-1100000 USD
CY2021Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18100000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16500000 USD
CY2021Q4 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
1100000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
27500000 USD
CY2021Q4 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
3800000 USD
CY2021Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
24800000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19500000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4000000.0 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5300000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
4900000 USD
CY2021 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
4600000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y2M12D
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2300000 shares
CY2021Q4 us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
1200000 shares
CY2021Q4 us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
100000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1200000 shares
CY2021Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
700000000 USD
CY2021Q2 lite Stock Repurchase Program Term
StockRepurchaseProgramTerm
P2Y
CY2021Q4 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1100000 shares
CY2021Q4 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
82.45
CY2021Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
91700000 USD
CY2021Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
4200000 shares
CY2021Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
79.05
CY2021Q4 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
260400000 USD
CY2021Q4 lite Supply Agreement Typical Duration
SupplyAgreementTypicalDuration
P1Y
CY2021Q4 lite Standard Product Warranty Term
StandardProductWarrantyTerm
P12M
CY2021Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5000000.0 USD
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5000000.0 USD
CY2021Q4 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1700000 USD
CY2020Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3900000 USD
CY2021Q4 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1600000 USD
CY2020Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1300000 USD
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5100000 USD
CY2020Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
7600000 USD
CY2021Q4 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2021Q4 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2021Q4 us-gaap Gross Profit
GrossProfit
232200000 USD
CY2020Q3 us-gaap Gross Profit
GrossProfit
205700000 USD
CY2021Q4 lite Geographic Regions Number
GeographicRegionsNumber
3 region
CY2021Q4 lite Geographic Regions Number
GeographicRegionsNumber
3 region
CY2021Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
448400000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
452400000 USD
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
353200000 USD
CY2021Q3 us-gaap Noncurrent Assets
NoncurrentAssets
361100000 USD
CY2021Q4 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2021Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
448400000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
452400000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
263200000 USD
CY2021Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
212800000 USD
CY2021Q4 lite Contract With Customer Asset Period Increase Decrease
ContractWithCustomerAssetPeriodIncreaseDecrease
50400000 USD
CY2021Q4 lite Contract With Customer Asset Period Increase Decrease Percent
ContractWithCustomerAssetPeriodIncreaseDecreasePercent
0.237
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0 USD
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
600000 USD
CY2021Q4 lite Contract With Customer Liability Period Increase Decrease
ContractWithCustomerLiabilityPeriodIncreaseDecrease
-600000 USD
CY2021Q4 lite Contract With Customer Liability Period Increase Decrease Percent
ContractWithCustomerLiabilityPeriodIncreaseDecreasePercent
-1.000

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