2022 Q1 Form 10-Q Financial Statement

#000128613922000071 Filed on May 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $154.2M $134.6M
YoY Change 14.54% 27.26%
Cost Of Revenue $55.94M $43.96M
YoY Change 27.25% 25.2%
Gross Profit $98.27M $90.67M
YoY Change 8.38% 28.28%
Gross Profit Margin 63.72% 67.35%
Selling, General & Admin $105.2M $82.63M
YoY Change 27.34% 53.49%
% of Gross Profit 107.07% 91.13%
Research & Development $17.96M $10.50M
YoY Change 71.05% 6.13%
% of Gross Profit 18.28% 11.58%
Depreciation & Amortization $5.394M $4.166M
YoY Change 29.48% 74.82%
% of Gross Profit 5.49% 4.59%
Operating Expenses $124.3M $95.03M
YoY Change 30.83% 42.5%
Operating Profit -$26.05M -$4.353M
YoY Change 498.48% -208.88%
Interest Expense $53.00K $8.654M
YoY Change -99.39% -193.35%
% of Operating Profit
Other Income/Expense, Net -$1.544M $248.0K
YoY Change -722.58% -122.42%
Pretax Income -$27.65M -$12.76M
YoY Change 116.7% 84.03%
Income Tax $3.000M -$2.900M
% Of Pretax Income
Net Earnings -$30.61M -$9.823M
YoY Change 211.61% 101.37%
Net Earnings / Revenue -19.85% -7.3%
Basic Earnings Per Share -$0.15 -$0.08
Diluted Earnings Per Share -$0.15 -$0.08
COMMON SHARES
Basic Shares Outstanding 198.3M shares 125.1M shares
Diluted Shares Outstanding 198.3M shares 125.1M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $247.5M $141.2M
YoY Change 75.32%
Cash & Equivalents $247.5M $141.2M
Short-Term Investments
Other Short-Term Assets $2.981M $12.23M
YoY Change -75.62%
Inventory
Prepaid Expenses $15.41M
Receivables $12.78M $10.71M
Other Receivables $0.00 $0.00
Total Short-Term Assets $283.5M $164.1M
YoY Change 72.72%
LONG-TERM ASSETS
Property, Plant & Equipment $47.77M $50.36M
YoY Change -5.15%
Goodwill $59.99M
YoY Change
Intangibles $15.36M
YoY Change
Long-Term Investments $1.182M $1.073M
YoY Change 10.16%
Other Assets $13.16M $57.31M
YoY Change -77.04%
Total Long-Term Assets $167.6M $120.7M
YoY Change 38.87%
TOTAL ASSETS
Total Short-Term Assets $283.5M $164.1M
Total Long-Term Assets $167.6M $120.7M
Total Assets $451.1M $284.8M
YoY Change 58.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $31.75M $35.29M
YoY Change -10.03%
Accrued Expenses $56.51M $44.45M
YoY Change 27.14%
Deferred Revenue $163.7M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.035M
YoY Change
Total Short-Term Liabilities $253.6M $240.6M
YoY Change 5.39%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $511.6M
YoY Change -100.0%
Other Long-Term Liabilities $2.833M $15.30M
YoY Change -81.49%
Total Long-Term Liabilities $2.833M $526.9M
YoY Change -99.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $253.6M $240.6M
Total Long-Term Liabilities $2.833M $526.9M
Total Liabilities $261.2M $767.5M
YoY Change -65.97%
SHAREHOLDERS EQUITY
Retained Earnings -$779.7M
YoY Change
Common Stock $969.9M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $189.9M -$553.6M
YoY Change
Total Liabilities & Shareholders Equity $451.1M $284.8M
YoY Change 58.37%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$30.61M -$9.823M
YoY Change 211.61% 101.37%
Depreciation, Depletion And Amortization $5.394M $4.166M
YoY Change 29.48% 74.82%
Cash From Operating Activities $13.74M $31.42M
YoY Change -56.27% 130.52%
INVESTING ACTIVITIES
Capital Expenditures $4.911M $2.911M
YoY Change 68.7% 575.41%
Acquisitions $0.00
YoY Change
Other Investing Activities $304.0K
YoY Change
Cash From Investing Activities -$4.607M -$2.911M
YoY Change 58.26% -813.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.094M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$872.0K -$1.834M
YoY Change -52.45% -104.8%
NET CHANGE
Cash From Operating Activities $13.74M $31.42M
Cash From Investing Activities -$4.607M -$2.911M
Cash From Financing Activities -$872.0K -$1.834M
Net Change In Cash $8.207M $26.71M
YoY Change -69.27% -48.86%
FREE CASH FLOW
Cash From Operating Activities $13.74M $31.42M
Capital Expenditures $4.911M $2.911M
Free Cash Flow $8.826M $28.50M
YoY Change -69.04% 115.99%

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CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
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CY2021Q1 lz Change In Fair Value Of Financial Guarantee
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CY2021Q1 us-gaap Derivative Gain Loss On Derivative Net
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CY2021Q1 us-gaap Increase Decrease In Accrued Liabilities
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CY2021Q1 us-gaap Increase Decrease In Operating Lease Liability
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CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
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CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021Q1 lz Proceeds From Acquisition Of Business Working Capital Adjustments
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CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021Q1 us-gaap Finance Lease Principal Payments
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CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2021Q1 us-gaap Proceeds From Stock Plans
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CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2022Q1 us-gaap Provision For Doubtful Accounts
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CY2021Q1 us-gaap Provision For Doubtful Accounts
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CY2022Q1 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q1 us-gaap Use Of Estimates
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<div style="margin-bottom:6pt;margin-top:12pt"><span style="color:#000000;font-family:'Open Sans',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Open Sans',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenue and expenses, and related disclosures of contingent liabilities in the unaudited condensed consolidated financial statements and accompanying notes. Estimates are used for, however not limited to, revenue recognition, sales allowances and credit reserves, available-for-sale debt securities, valuation of long-lived assets and goodwill, income taxes, commitments and contingencies, valuation of assets and </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Open Sans',sans-serif;font-size:9pt;font-weight:400;line-height:120%">liabilities acquired in business combinations and stock-based compensation. Actual results could differ materially from those estimates.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Open Sans',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The extent to which COVID-19 continues to impact our business and financial results will depend on numerous continuously evolving factors including, but not limited to, the magnitude and duration of COVID-19, including resurgences; the impact on our employees; the extent to which it will impact worldwide macroeconomic conditions, including interest rates, employment rates, and health insurance coverage; the speed and degree of the anticipated recovery, as well as variability in such recovery across different geographies, industries, and markets; and governmental and business reactions to the pandemic. We assessed certain accounting matters that generally require consideration of forecasted financial information in context with the information reasonably available to us and the unknown future impacts of COVID-19 as of March 31, 2022 and through the date of the issuance of these unaudited condensed consolidated financial statements. The accounting matters assessed included, but were not limited to, our allowance for doubtful accounts, sales allowances, and the carrying value of goodwill and other long-lived assets. While there was not a material impact as a result of COVID-19 on our unaudited condensed consolidated financial statements at and for the three months ended March 31, 2022, our future assessment of the magnitude and duration of COVID-19, as well as other factors, could result in material impacts to our consolidated financial statements in future reporting periods.</span></div>
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CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022Q1 us-gaap Restricted Cash Equivalents
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2021Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2022Q1 us-gaap Concentration Risk Credit Risk
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<div style="margin-bottom:6pt;margin-top:12pt"><span style="color:#000000;font-family:'Open Sans',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Concentrations of Credit Risk</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Open Sans',sans-serif;font-size:9pt;font-weight:400;line-height:120%">We maintain accounts in U.S. and U.K. banks with funds insured by the Federal Deposit Insurance Corporation, or FDIC, and the Financial Services Compensation Scheme, or FSCS, respectively. Our bank accounts may, at times, exceed the FDIC and FSCS insured limits. Financial instruments that potentially subject us to credit risk consist principally of cash and cash equivalents. Management believes that we are not exposed to any significant credit risk related to our cash or cash equivalents and have not experienced any losses in such accounts.</span></div>
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
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CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q1 lz Accounts Receivable Bad Debt Expense Recognized In General And Administrative Expense
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CY2022Q1 lz Deferred Offering Costs Included In Accounts Payable Accrued Expenses And Other Current Liabilities
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CY2022Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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CY2021Q1 lz Deferred Offering Costs Included In Accounts Payable Accrued Expenses And Other Current Liabilities
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CY2021Q1 lz Accounts Receivable Bad Debt Expense Recognized In General And Administrative Expense
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CY2022Q1 lz Change In Fair Value Of Hedged Interest Swap And Interest Rate Cap
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CY2021Q1 lz Change In Fair Value Of Hedged Interest Swap And Interest Rate Cap
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CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022Q1 us-gaap Nature Of Operations
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Description of the Business<div style="margin-bottom:6pt;margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Open Sans',sans-serif;font-size:9pt;font-weight:400;line-height:120%">LegalZoom.com, Inc., was initially formed as a California corporation in 1999 and reincorporated as a Delaware corporation in 2007. LegalZoom.com, Inc., and its wholly owned subsidiaries, referred to herein as “we,” “us,” or “our,” has its executive headquarters in Glendale, California, its operational headquarters in Austin, Texas and additional locations in Frisco and San Antonio, Texas, Beaverton, Oregon and London in the United Kingdom, or U.K. We are a provider of services that meet the legal needs of small businesses and consumers. Our position at business inception allows us to become a trusted business advisor, supporting the evolving needs of a new business across its lifecycle. Along with formation, our offerings include ongoing compliance and tax advice and filings, trademark filings, and estate plans. Additionally, we have insights into our customers and leverage our offerings as a channel to introduce small businesses to leading brands in our partner ecosystem, solving even more of their business needs.</span></div><div style="margin-bottom:6pt;margin-top:12pt"><span style="color:#000000;font-family:'Open Sans',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Initial Public Offering</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Open Sans',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The registration statement related to our initial public offering, or IPO, was declared effective on June 29, 2021, and our common stock began trading on the Nasdaq Global Select Market on June 30, 2021. On July 2, 2021, we completed our IPO for the sale of 19,121,000 shares of our common stock, $0.001 par value per share at an offering price of $28.00 per share, for proceeds of $505.9 million, net of underwriting discounts and commissions. In addition, we sold 2,868,150 shares of our common stock for net proceeds of $75.9 million pursuant to the full exercise of the underwriter’s option to purchase additional shares in connection with the IPO. In addition, on July 2, 2021, we sold 3,214,285 shares of our common stock in a private placement with an existing related party stockholder for proceeds of $85.0 million, net of underwriting discounts and commissions. We raised aggregate proceeds of $666.9 million from our IPO and private placement after deducting underwriting discounts and commissions. We incurred stock issuance costs of $5.6 million. Proceeds raised from our IPO were used to repay the full outstanding balance of $521.6 million on our 2018 Term Loan.</span></div><div style="margin-bottom:6pt;margin-top:3pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Open Sans',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Upon the completion of our IPO, 23,081,080 outstanding shares of redeemable convertible preferred stock with a carrying value of $70.9 million converted into 46,162,160 shares of common stock. Following the completion of the IPO, we have one class of authorized and outstanding common stock. Immediately upon the completion of our IPO, we filed an Amended and Restated Certificate of Incorporation, which authorized a total of 1,000,000,000 shares of common stock, $0.001 par value per share and 100,000,000 shares of preferred stock, par value $0.001 per share.</span></div>
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666900000 USD
CY2021Q3 us-gaap Payments Of Stock Issuance Costs
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CY2021Q3 us-gaap Common Stock Shares Authorized
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CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
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CY2021Q3 us-gaap Preferred Stock Shares Authorized
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CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2022Q1 us-gaap Prepaid Expense Current
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15409000 USD
CY2021Q4 us-gaap Prepaid Expense Current
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10968000 USD
CY2022Q1 us-gaap Contract With Customer Asset Net Current
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3702000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Current
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1819000 USD
CY2022Q1 us-gaap Capitalized Computer Software Net
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CY2021Q4 us-gaap Capitalized Computer Software Net
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CY2021Q4 us-gaap Other Assets Current
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CY2022Q1 us-gaap Prepaid Expense And Other Assets Current
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23172000 USD
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
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16589000 USD
CY2022Q1 us-gaap Employee Related Liabilities Current
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CY2021Q4 us-gaap Employee Related Liabilities Current
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21858000 USD
CY2022Q1 lz Accrued Vendor Payables
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CY2021Q4 lz Accrued Vendor Payables
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18239000 USD
CY2022Q1 us-gaap Accrued Advertising Current
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CY2021Q4 us-gaap Accrued Advertising Current
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426000 USD
CY2022Q1 lz Accrued Sales Allowances Current
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CY2021Q4 lz Accrued Sales Allowances Current
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4862000 USD
CY2022Q1 us-gaap Sales And Excise Tax Payable Current
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2725000 USD
CY2021Q4 us-gaap Sales And Excise Tax Payable Current
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2678000 USD
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CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
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CY2022Q1 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
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CY2021Q1 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
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CY2022Q1 us-gaap Contract With Customer Liability
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165000000 USD
CY2021Q4 us-gaap Contract With Customer Liability
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CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
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CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
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69700000 USD
CY2021Q4 us-gaap Letters Of Credit Outstanding Amount
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CY2022Q1 us-gaap Letters Of Credit Outstanding Amount
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CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2022Q1 lz Lessee Operating Lease Liability To Be Paid After Year Four
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CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
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CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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411000 USD
CY2022Q1 us-gaap Operating Lease Liability
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CY2022Q1 us-gaap Operating Lease Liability Current
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1607000 USD
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
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CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P4Y10M24D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2022Q1 us-gaap Operating Lease Cost
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415000 USD
CY2022Q1 us-gaap Variable Lease Cost
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115000 USD
CY2022Q1 us-gaap Lease Cost
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530000 USD
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550000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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505000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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1033000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due
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6428000 USD
CY2022Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
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150000000 shares
CY2022Q1 us-gaap Stock Repurchased During Period Shares
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78687 shares
CY2022Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
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14.0
CY2022Q1 us-gaap Stock Repurchased During Period Value
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1100000 USD
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22346000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
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3955000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
15274000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.47
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
97094000 USD
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2766000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
14.15
CY2022Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
203000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.15
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
6000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
1.04
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
17831000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11.15
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y1M6D
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
66773000 USD
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
17821000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
11.15
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y1M6D
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
66704000 USD
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
7724000 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
9.09
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y6M
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
39034000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
62200000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y8M12D
CY2022Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
1900000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
2300000 USD
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y7M6D
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.026
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.476
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3000000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2900000 USD
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.107
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.23
CY2022Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8100000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
7900000 USD
CY2022Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
8100000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-30609000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-9823000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-30609000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-30609000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9823000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-9823000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
198265000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
198265000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
125065000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125065000 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
25931000 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
18312000 shares

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