2023 Q2 Form 10-Q Financial Statement

#000183449423000060 Filed on May 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $75.42M $77.14M $72.75M
YoY Change 3.33% 6.02% 7.29%
Cost Of Revenue $28.49M $27.96M $24.54M
YoY Change 4.66% 13.93% 25.99%
Gross Profit $46.92M $49.18M $48.22M
YoY Change 2.53% 2.0% -0.25%
Gross Profit Margin 62.22% 63.76% 66.27%
Selling, General & Admin $32.97M $30.77M $22.93M
YoY Change 92.33% 34.18% 8.19%
% of Gross Profit 70.26% 62.56% 47.56%
Research & Development $11.75M $13.81M $8.409M
YoY Change 11.15% 64.25% 20.37%
% of Gross Profit 25.05% 28.08% 17.44%
Depreciation & Amortization $14.42M $14.53M $600.0K
YoY Change 7.07% 2321.83% 0.0%
% of Gross Profit 30.74% 29.55% 1.24%
Operating Expenses $44.72M $47.48M $33.62M
YoY Change 21.66% 41.23% 16.22%
Operating Profit $2.200M $1.696M $14.59M
YoY Change -75.56% -88.38% -24.79%
Interest Expense -$9.316M $9.031M $4.358M
YoY Change 71.38% 107.23% -56.69%
% of Operating Profit -423.45% 532.49% 29.86%
Other Income/Expense, Net $784.0K -$8.561M -$4.195M
YoY Change 262.96% 104.08% -58.23%
Pretax Income -$7.049M -$6.865M $10.40M
YoY Change -291.55% -166.02% 11.06%
Income Tax -$1.819M -$1.199M $2.920M
% Of Pretax Income 28.08%
Net Earnings -$5.230M -$5.666M $7.479M
YoY Change -340.79% -175.76% 3.43%
Net Earnings / Revenue -6.93% -7.35% 10.28%
Basic Earnings Per Share -$0.06 -$0.07 $0.09
Diluted Earnings Per Share -$0.06 -$0.07 $0.09
COMMON SHARES
Basic Shares Outstanding 80.65M shares 80.68M shares 79.97M shares
Diluted Shares Outstanding 80.91M shares 80.66M shares 82.23M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $108.9M $77.80M $146.7M
YoY Change 8.59% -46.99% 99.63%
Cash & Equivalents $108.9M $77.80M $146.7M
Short-Term Investments
Other Short-Term Assets $11.31M $608.0K $355.0K
YoY Change -69.17% 71.27% -95.71%
Inventory
Prepaid Expenses $6.491M $6.994M $7.083M
Receivables $35.10M $37.40M $32.16M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $155.3M $156.0M $188.9M
YoY Change -10.52% -17.43% 59.02%
LONG-TERM ASSETS
Property, Plant & Equipment $5.162M $3.891M $5.613M
YoY Change -34.59% -30.68% -20.95%
Goodwill $608.6M $608.9M $564.8M
YoY Change 7.81%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $22.89M $4.784M $4.089M
YoY Change 52.89% 17.0% -53.83%
Total Long-Term Assets $910.8M $919.8M $866.3M
YoY Change 2.87% 6.18% -1.38%
TOTAL ASSETS
Total Short-Term Assets $155.3M $156.0M $188.9M
Total Long-Term Assets $910.8M $919.8M $866.3M
Total Assets $1.066B $1.076B $1.055B
YoY Change 0.68% 1.95% 5.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.149M $3.986M $2.555M
YoY Change 165.45% 56.01% 15.61%
Accrued Expenses $30.78M $34.10M $25.87M
YoY Change 9.86% 31.81% 21.94%
Deferred Revenue $26.30M $34.09M $29.29M
YoY Change 13.08% 16.38% 12.37%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.545M $3.506M $3.256M
YoY Change 5.44% 7.68% -15.25%
Total Short-Term Liabilities $64.78M $75.68M $60.98M
YoY Change 15.26% 24.12% -26.83%
LONG-TERM LIABILITIES
Long-Term Debt $421.8M $422.5M $424.7M
YoY Change -0.62% -0.51% -30.8%
Other Long-Term Liabilities $1.686M $1.165M $1.647M
YoY Change -15.66% -29.27% 161.01%
Total Long-Term Liabilities $423.5M $423.7M $426.4M
YoY Change -0.69% -0.63% -30.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $64.78M $75.68M $60.98M
Total Long-Term Liabilities $423.5M $423.7M $426.4M
Total Liabilities $488.3M $500.4M $487.3M
YoY Change 1.17% 2.67% -30.15%
SHAREHOLDERS EQUITY
Retained Earnings -$58.47M -$51.60M -$32.87M
YoY Change 56.96%
Common Stock $636.3M $627.0M $600.7M
YoY Change 4.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $577.9M $575.4M $567.9M
YoY Change
Total Liabilities & Shareholders Equity $1.066B $1.076B $1.055B
YoY Change 0.68% 1.95% 5.82%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$5.230M -$5.666M $7.479M
YoY Change -340.79% -175.76% 3.43%
Depreciation, Depletion And Amortization $14.42M $14.53M $600.0K
YoY Change 7.07% 2321.83% 0.0%
Cash From Operating Activities $6.104M $28.08M $34.86M
YoY Change -52.34% -19.45% 21.49%
INVESTING ACTIVITIES
Capital Expenditures $2.809M $134.0K $419.0K
YoY Change -207.3% -68.02% 71.02%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $30.33M $0.00
YoY Change -157.16% -100.0%
Cash From Investing Activities $27.52M -$2.058M -$1.941M
YoY Change -149.42% 6.03% -97.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.545M -$4.007M $179.0K
YoY Change -29.64% -2338.55% -99.81%
NET CHANGE
Cash From Operating Activities 6.104M $28.08M $34.86M
Cash From Investing Activities 27.52M -$2.058M -$1.941M
Cash From Financing Activities -2.545M -$4.007M $179.0K
Net Change In Cash 31.08M $22.02M $33.10M
YoY Change -166.85% -33.49% -7.46%
FREE CASH FLOW
Cash From Operating Activities $6.104M $28.08M $34.86M
Capital Expenditures $2.809M $134.0K $419.0K
Free Cash Flow $3.295M $27.95M $34.44M
YoY Change -78.64% -18.86% 21.06%

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CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
460000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
2717000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
301000 usd
CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1706000 usd
CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
194000 usd
CY2023Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
16997000 usd
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
14586000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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28081000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
34863000 usd
CY2023Q1 us-gaap Payments For Software
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1924000 usd
CY2022Q1 us-gaap Payments For Software
PaymentsForSoftware
1522000 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
134000 usd
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
419000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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-2058000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3490000 usd
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
594000 usd
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
179000 usd
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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24000 usd
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
CY2023Q1 us-gaap Repayments Of Other Long Term Debt
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1087000 usd
CY2022Q1 us-gaap Repayments Of Other Long Term Debt
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0 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
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-4007000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
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179000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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22016000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
33101000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55780000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
113645000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
77796000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
146746000 usd
CY2023Q1 us-gaap Interest Paid Net
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9019000 usd
CY2022Q1 us-gaap Interest Paid Net
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3869000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
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50000 usd
CY2022Q1 us-gaap Income Taxes Paid Net
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44000 usd
CY2023Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
245000 usd
CY2022Q1 us-gaap Goodwill Purchase Accounting Adjustments
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CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
79000 usd
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2023Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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48000 usd
CY2022Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
79000 usd
CY2023Q1 mlnk Excise Taxes Payable Included In Repurchases Of Common Stock
ExciseTaxesPayableIncludedInRepurchasesOfCommonStock
9000 usd
CY2022Q1 mlnk Excise Taxes Payable Included In Repurchases Of Common Stock
ExciseTaxesPayableIncludedInRepurchasesOfCommonStock
0 usd
CY2023Q1 mlnk Share Based Payment Arrangement Vested
ShareBasedPaymentArrangementVested
4000 usd
CY2022Q1 mlnk Share Based Payment Arrangement Vested
ShareBasedPaymentArrangementVested
32000 usd
CY2023Q1 us-gaap Increase Decrease In Operating Lease Liability
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0 usd
CY2022Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
3372000 usd
CY2023Q1 mlnk Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
0 usd
CY2022Q1 mlnk Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
2627000 usd
CY2023Q1 us-gaap Nature Of Operations
NatureOfOperations
Organization and Description of BusinessMeridianLink, Inc., and its wholly-owned subsidiaries, (collectively the “Company”), provides secure, cloud-based digital solutions that transform the ways in which traditional and emerging financial services providers engage with account holders and end users. The Company sells its solutions to financial institutions, including banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies. The Company delivers its solutions to the substantial majority of its customers using a software-as-a-service (“SaaS”) model under which its customers pay subscription fees for the use of the Company’s solutions. The Company is controlled by its majority stockholder, which is represented by various investment funds of Thoma Bravo UGP, LLC and its affiliates (“Thoma Bravo”). The Company is headquartered in Costa Mesa, California.
CY2023Q1 us-gaap Number Of Reportable Segments
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CY2023Q1 us-gaap Number Of Operating Segments
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1 segment
CY2023Q1 us-gaap Use Of Estimates
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<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the accompanying condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the reported amounts of revenues and expenses. Significant items subject to such estimates include revenue recognition including determining the nature and timing of satisfaction of performance obligations and variable consideration; allowance for credit losses; share-based compensation; the fair value of acquired intangibles; the capitalization of software development costs; the useful lives of long-lived intangible assets; impairment of goodwill and long-lived assets; and income taxes. In accordance with GAAP, management bases its estimates on historical experience and on</span><span style="color:#332f2f;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">various other assumptions that management believes are reasonable under the circumstances. Management regularly evaluates its estimates and assumptions using historical experience and other factors; however, actual results could differ significantly from those estimates.</span></div>
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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77135000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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72754000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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72754000 usd
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94131000 usd
CY2022Q1 mlnk Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
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CY2023Q1 mlnk Contract With Customer Liability Revenue Recognized Including Opening Balance
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CY2022Q1 mlnk Contract With Customer Liability Revenue Recognized Including Opening Balance
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72754000 usd
CY2023Q1 us-gaap Contract With Customer Liability
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CY2022Q1 us-gaap Contract With Customer Liability
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CY2023Q1 us-gaap Contract With Customer Liability
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29293000 usd
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CapitalizedContractCostAdditions
607000 usd
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747000 usd
CY2022Q1 us-gaap Capitalized Contract Cost Amortization
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554000 usd
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6943000 usd
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3196000 usd
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2572000 usd
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3747000 usd
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3316000 usd
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5888000 usd
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532000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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33000 usd
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6994000 usd
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6069000 usd
CY2023Q1 us-gaap Capitalized Contract Cost Net Current
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3196000 usd
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CapitalizedContractCostNetCurrent
2938000 usd
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608000 usd
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440000 usd
CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
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10798000 usd
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11564000 usd
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7814000 usd
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7319000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
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3891000 usd
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4245000 usd
CY2022Q1 us-gaap Depreciation
Depreciation
600000 usd
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21416000 usd
CY2023Q1 us-gaap Capitalized Computer Software Accumulated Amortization
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9980000 usd
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11436000 usd
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491591000 usd
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206179000 usd
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285412000 usd
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19443000 usd
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8592000 usd
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10851000 usd
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489618000 usd
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192143000 usd
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297475000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
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14036000 usd
CY2022Q1 us-gaap Amortization Of Intangible Assets
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12344000 usd
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FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
41133000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
53415000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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47535000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
42510000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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42052000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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24901000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
33866000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
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285412000 usd
CY2023Q1 us-gaap Employee Related Liabilities Current
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3141000 usd
CY2023Q1 us-gaap Sales And Excise Tax Payable Current And Noncurrent
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4572000 usd
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4572000 usd
CY2023Q1 mlnk Accrued Operating Costs
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4352000 usd
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4016000 usd
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4315000 usd
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5947000 usd
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1971000 usd
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755000 usd
CY2023Q1 us-gaap Operating Lease Liability Current
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1139000 usd
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1223000 usd
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889000 usd
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939000 usd
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2665000 usd
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2071000 usd
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34102000 usd
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32500000 usd
CY2023Q1 us-gaap Purchase Obligation Due In Next Twelve Months
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375000 usd
CY2023Q1 us-gaap Purchase Obligation Due In Second Year
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395000 usd
CY2023Q1 us-gaap Purchase Obligation Due In Third Year
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3020000 usd
CY2023Q1 us-gaap Purchase Obligation
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3790000 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
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430650000 usd
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431738000 usd
CY2023Q1 us-gaap Deferred Finance Costs Net
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4618000 usd
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4829000 usd
CY2023Q1 us-gaap Long Term Debt
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426032000 usd
CY2022Q4 us-gaap Long Term Debt
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426909000 usd
CY2023Q1 us-gaap Deferred Finance Costs Current Net
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844000 usd
CY2022Q4 us-gaap Deferred Finance Costs Current Net
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845000 usd
CY2023Q1 us-gaap Long Term Debt Current
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3506000 usd
CY2022Q4 us-gaap Long Term Debt Current
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3505000 usd
CY2023Q1 us-gaap Long Term Debt Noncurrent
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422526000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
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423404000 usd
CY2023Q1 us-gaap Amortization Of Financing Costs
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200000 usd
CY2022Q1 us-gaap Amortization Of Financing Costs
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500000 usd
CY2023Q1 us-gaap Interest Expense Debt Excluding Amortization
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8900000 usd
CY2022Q1 us-gaap Interest Expense Debt Excluding Amortization
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3900000 usd
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7600000 usd
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3263000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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4350000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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4350000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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4350000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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4350000 usd
CY2023Q1 mlnk Long Term Debt Maturity After Year Four
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409987000 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
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430650000 usd
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
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75000000 usd
CY2023Q1 us-gaap Stock Repurchased During Period Shares
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228529 shares
CY2023Q1 us-gaap Stock Repurchased During Period Value
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3500000 usd
CY2023Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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68100000 usd
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4739783 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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13.21
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P7Y7M9D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
19855000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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0 shares
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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0
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CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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6.10
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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143087 shares
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21.78
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.09
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y4M2D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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28349000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
4499284 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
13.09
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y4M2D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
28349000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2951792 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
9.28
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y8M1D
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
27428000 usd
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1100000 usd
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1500000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
900000 usd
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
400000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
14100000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
3211411 shares
CY2023Q1 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
127700 shares
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4891000 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3808000 usd
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.17
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.28
CY2023Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3100000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2500000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5666000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-5666000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7479000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
7479000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
80659978 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79974071 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80659978 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82228936 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
80659978 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79974071 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80659978 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82228936 shares
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2618477 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2351017 shares

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