2023 Q3 Form 10-Q Financial Statement
#000128941923000015 Filed on July 28, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
Revenue | $515.5M | $504.7M |
YoY Change | 10.1% | 7.29% |
Cost Of Revenue | $202.9M | $216.4M |
YoY Change | 3.84% | 9.51% |
Gross Profit | $312.6M | $288.3M |
YoY Change | 14.59% | 5.68% |
Gross Profit Margin | 60.64% | 57.12% |
Selling, General & Admin | $196.0M | $199.6M |
YoY Change | -5.13% | 11.57% |
% of Gross Profit | 62.7% | 69.23% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $46.60M | $47.00M |
YoY Change | 5.43% | 17.5% |
% of Gross Profit | 14.91% | 16.3% |
Operating Expenses | $196.0M | $246.6M |
YoY Change | -5.13% | 37.84% |
Operating Profit | $70.00M | $41.70M |
YoY Change | 218.18% | -22.63% |
Interest Expense | -$12.80M | -$13.80M |
YoY Change | 21.9% | 213.64% |
% of Operating Profit | -18.29% | -33.09% |
Other Income/Expense, Net | -$12.60M | $3.800M |
YoY Change | -48.15% | -126.03% |
Pretax Income | $57.40M | $31.70M |
YoY Change | -2595.65% | -19.34% |
Income Tax | $16.70M | -$6.200M |
% Of Pretax Income | 29.09% | -19.56% |
Net Earnings | $39.10M | $36.10M |
YoY Change | -534.44% | 19.93% |
Net Earnings / Revenue | 7.58% | 7.15% |
Basic Earnings Per Share | $0.92 | $0.85 |
Diluted Earnings Per Share | $0.91 | $0.84 |
COMMON SHARES | ||
Basic Shares Outstanding | 42.65M shares | 42.55M shares |
Diluted Shares Outstanding | 42.90M shares | 42.80M shares |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $363.7M | $378.2M |
YoY Change | -10.66% | -9.26% |
Cash & Equivalents | $325.0M | $343.3M |
Short-Term Investments | $38.70M | $34.90M |
Other Short-Term Assets | $4.700M | $49.50M |
YoY Change | -58.04% | 1550.0% |
Inventory | ||
Prepaid Expenses | $41.30M | $45.80M |
Receivables | $298.0M | $364.5M |
Other Receivables | $8.800M | $15.10M |
Total Short-Term Assets | $758.2M | $807.3M |
YoY Change | -3.88% | -1.32% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $204.3M | $379.2M |
YoY Change | 8.79% | 107.55% |
Goodwill | $1.569B | $1.585B |
YoY Change | 1.72% | 0.37% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | $104.8M | $114.8M |
YoY Change | 948.0% | 1048.0% |
Other Assets | $8.900M | $21.00M |
YoY Change | -16.04% | 82.61% |
Total Long-Term Assets | $2.586B | $2.651B |
YoY Change | -1.54% | 0.11% |
TOTAL ASSETS | ||
Total Short-Term Assets | $758.2M | $807.3M |
Total Long-Term Assets | $2.586B | $2.651B |
Total Assets | $3.344B | $3.458B |
YoY Change | -2.08% | -0.23% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $70.10M | $69.00M |
YoY Change | 4.47% | -13.86% |
Accrued Expenses | $216.6M | $205.7M |
YoY Change | -6.64% | 10.29% |
Deferred Revenue | $514.8M | $535.8M |
YoY Change | 11.89% | 8.37% |
Short-Term Debt | $32.10M | $0.00 |
YoY Change | 0.0% | -100.0% |
Long-Term Debt Due | $32.10M | $32.10M |
YoY Change | 0.0% | 9.18% |
Total Short-Term Liabilities | $809.5M | $814.9M |
YoY Change | 0.38% | 1.7% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $1.056B | $1.121B |
YoY Change | -8.82% | -4.68% |
Other Long-Term Liabilities | $15.20M | $227.8M |
YoY Change | 2.7% | 1418.67% |
Total Long-Term Liabilities | $1.071B | $1.349B |
YoY Change | -8.67% | 13.24% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $809.5M | $814.9M |
Total Long-Term Liabilities | $1.071B | $1.349B |
Total Liabilities | $2.100B | $2.222B |
YoY Change | -6.09% | -0.13% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $1.555B | $1.532B |
YoY Change | -0.54% | -2.58% |
Common Stock | $782.6M | $775.0M |
YoY Change | 5.91% | 6.97% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $985.9M | $986.8M |
YoY Change | 0.38% | 2.15% |
Treasury Stock Shares | ||
Shareholders Equity | $1.244B | $1.236B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $3.344B | $3.458B |
YoY Change | -2.08% | -0.23% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $39.10M | $36.10M |
YoY Change | -534.44% | 19.93% |
Depreciation, Depletion And Amortization | $46.60M | $47.00M |
YoY Change | 5.43% | 17.5% |
Cash From Operating Activities | $130.7M | $24.50M |
YoY Change | 28.01% | -64.34% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $29.30M | $30.30M |
YoY Change | -186.94% | -195.58% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $8.000M | $3.200M |
YoY Change | -447.83% | -100.49% |
Cash From Investing Activities | -$21.30M | -$27.10M |
YoY Change | -40.83% | -96.08% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -120.1M | -6.100M |
YoY Change | 110.33% | -101.14% |
NET CHANGE | ||
Cash From Operating Activities | 130.7M | 24.50M |
Cash From Investing Activities | -21.30M | -27.10M |
Cash From Financing Activities | -120.1M | -6.100M |
Net Change In Cash | -10.70M | -8.700M |
YoY Change | -218.89% | -89.82% |
FREE CASH FLOW | ||
Cash From Operating Activities | $130.7M | $24.50M |
Capital Expenditures | $29.30M | $30.30M |
Free Cash Flow | $101.4M | -$5.800M |
YoY Change | -25.33% | -105.78% |
Facts In Submission
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|
14200000 | usd |
CY2023Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1153500000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1109600000 | usd |
CY2022Q3 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
600000000 | usd |
CY2022Q3 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
650000000 | usd |
CY2022Q3 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
650000000 | usd |
CY2023Q2 | morn |
Long Term Debt Outstanding
LongTermDebtOutstanding
|
805000000 | usd |
CY2023Q2 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
470000000 | usd |
CY2020Q4 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.0232 | |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
1571700000 | usd |
us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
13000000.0 | usd | |
CY2023Q2 | us-gaap |
Goodwill
Goodwill
|
1584700000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
1000000000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
451400000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
548600000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P12Y | |
CY2023Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
17700000 | usd |
CY2022Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
15600000 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
35200000 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
29700000 | usd | |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
36000000.0 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
65200000 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
56800000 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
53000000.0 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
45900000 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
261600000 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
518500000 | usd |
CY2023Q2 | us-gaap |
Profit Loss
ProfitLoss
|
36100000 | usd |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
30100000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
28500000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
76200000 | usd | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
42600000 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
42600000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
42600000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
42800000 | shares | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.85 | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.71 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.67 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.78 | ||
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
36100000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
30100000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
28500000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
76200000 | usd | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
42600000 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
42600000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
42600000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
42800000 | shares | |
CY2023Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
200000 | shares |
CY2022Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
300000 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
200000 | shares | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
300000 | shares | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
42800000 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
42900000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
42800000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
43100000 | shares | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.84 | |
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.70 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.67 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.77 | ||
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
504700000 | usd |
CY2022Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
470400000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
984400000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
927400000 | usd | |
morn |
Contract With Customer Liability Increase From Cash Receipts
ContractWithCustomerLiabilityIncreaseFromCashReceipts
|
46700000 | usd | |
us-gaap |
Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
|
303000000 | usd | |
CY2023Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
37100000 | usd |
CY2023Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
7600000 | usd |
CY2023Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
26700000 | usd |
CY2023Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
1230800000 | usd |
CY2023Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
535800000 | usd |
CY2023Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
321800000 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
307900000 | usd |
CY2023Q2 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
75100000 | usd |
CY2022Q4 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
76100000 | usd |
CY2023Q2 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
396900000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
384000000.0 | usd |
CY2023Q2 | us-gaap |
Revenues
Revenues
|
504700000 | usd |
CY2022Q2 | us-gaap |
Revenues
Revenues
|
470400000 | usd |
us-gaap |
Revenues
Revenues
|
984400000 | usd | |
us-gaap |
Revenues
Revenues
|
927400000 | usd | |
CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
205600000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
199400000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
173600000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
191600000 | usd |
CY2023Q2 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
34900000 | usd |
CY2022Q4 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
38000000 | usd |
CY2022Q4 | us-gaap |
Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
|
50000000 | usd |
CY2023Q1 | us-gaap |
Payment For Contingent Consideration Liability Operating Activities
PaymentForContingentConsiderationLiabilityOperatingActivities
|
50000000 | usd |
CY2023Q2 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
114800000 | usd |
CY2022Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
96000000 | usd |
CY2023Q2 | us-gaap |
Business Exit Costs1
BusinessExitCosts1
|
6000000000 | jpy |
CY2023Q2 | us-gaap |
Business Exit Costs1
BusinessExitCosts1
|
45100000 | usd |
CY2023Q2 | us-gaap |
Business Exit Costs1
BusinessExitCosts1
|
2000000000 | jpy |
CY2023Q2 | us-gaap |
Business Exit Costs1
BusinessExitCosts1
|
14800000 | usd |
CY2023Q1 | us-gaap |
Sale Of Stock Percentage Of Ownership After Transaction
SaleOfStockPercentageOfOwnershipAfterTransaction
|
0.132 | |
CY2023Q1 | us-gaap |
Sale Of Stock Percentage Of Ownership Before Transaction
SaleOfStockPercentageOfOwnershipBeforeTransaction
|
0.221 | |
CY2023Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
13400000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
10000000 | usd |
CY2023Q2 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
4900000 | usd |
CY2022Q2 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
4100000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
11600000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
10700000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
25100000 | usd | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
20200000 | usd | |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
9000000.0 | usd | |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
8000000 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
22900000 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
21500000 | usd | |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
20900000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
43600000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
34000000.0 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
37700000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
29200000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
53300000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
218700000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
22100000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
196600000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P5Y10M24D | |
CY2023Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.035 | |
CY2023Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
14800000 | usd |
CY2022Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
22100000 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
27000000.0 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
36000000.0 | usd | |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
31700000 | usd |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
39300000 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
33800000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
102300000 | usd | |
CY2023Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-1800000 | usd |
CY2022Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-1800000 | usd |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-3100000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-1400000 | usd | |
CY2023Q2 | morn |
Income Loss From Continuing Operations Before Income Taxes Domestic And Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomesticAndForeign
|
29900000 | usd |
CY2022Q2 | morn |
Income Loss From Continuing Operations Before Income Taxes Domestic And Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomesticAndForeign
|
37500000 | usd |
morn |
Income Loss From Continuing Operations Before Income Taxes Domestic And Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomesticAndForeign
|
30700000 | usd | |
morn |
Income Loss From Continuing Operations Before Income Taxes Domestic And Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomesticAndForeign
|
100900000 | usd | |
CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-6200000 | usd |
CY2022Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
7400000 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2200000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
24700000 | usd | |
CY2023Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.207 | |
CY2022Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.197 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.072 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.245 | ||
CY2023Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.207 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.072 | ||
CY2023Q2 | morn |
Effective Income Tax Rate Reconciliation Increase Decrease From Prior Year Percent Taxes
EffectiveIncomeTaxRateReconciliationIncreaseDecreaseFromPriorYearPercentTaxes
|
0.404 | |
morn |
Effective Income Tax Rate Reconciliation Increase Decrease From Prior Year Percent Taxes
EffectiveIncomeTaxRateReconciliationIncreaseDecreaseFromPriorYearPercentTaxes
|
0.173 | ||
CY2023Q2 | morn |
Current And Deferred Tax Benefits Related To Retrospective Tax Election
CurrentAndDeferredTaxBenefitsRelatedToRetrospectiveTaxElection
|
13700000 | usd |
CY2023Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
13000000.0 | usd |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
26500000 | usd |
CY2023Q2 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
13000000.0 | usd |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
26500000 | usd |
CY2023Q2 | morn |
Decrease In Income Tax Expense Upon Recognition Of Gross Unrecognized Tax Benefits
DecreaseInIncomeTaxExpenseUponRecognitionOfGrossUnrecognizedTaxBenefits
|
12600000 | usd |
CY2022Q4 | morn |
Decrease In Income Tax Expense Upon Recognition Of Gross Unrecognized Tax Benefits
DecreaseInIncomeTaxExpenseUponRecognitionOfGrossUnrecognizedTaxBenefits
|
26100000 | usd |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
26500000 | usd |
CY2023Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
13000000 | usd |
CY2023Q2 | morn |
Current And Deferred Tax Benefits Related To Retrospective Tax Election
CurrentAndDeferredTaxBenefitsRelatedToRetrospectiveTaxElection
|
13700000 | usd |
CY2023Q2 | morn |
Unrecognized Tax Benefits Included In Current Liabilities
UnrecognizedTaxBenefitsIncludedInCurrentLiabilities
|
7900000 | usd |
CY2022Q4 | morn |
Unrecognized Tax Benefits Included In Current Liabilities
UnrecognizedTaxBenefitsIncludedInCurrentLiabilities
|
18300000 | usd |
CY2023Q2 | morn |
Unrecognized Tax Benefits Included In Non Current Liabilities
UnrecognizedTaxBenefitsIncludedInNonCurrentLiabilities
|
6400000 | usd |
CY2022Q4 | morn |
Unrecognized Tax Benefits Included In Non Current Liabilities
UnrecognizedTaxBenefitsIncludedInNonCurrentLiabilities
|
6000000.0 | usd |
CY2023Q2 | morn |
Total Liability For Unrecognized Tax Benefits
TotalLiabilityForUnrecognizedTaxBenefits
|
14300000 | usd |
CY2022Q4 | morn |
Total Liability For Unrecognized Tax Benefits
TotalLiabilityForUnrecognizedTaxBenefits
|
24300000 | usd |
CY2022Q4 | morn |
Total Liability For Unrecognized Tax Benefits
TotalLiabilityForUnrecognizedTaxBenefits
|
24300000 | usd |
CY2023Q2 | morn |
Total Liability For Unrecognized Tax Benefits
TotalLiabilityForUnrecognizedTaxBenefits
|
14300000 | usd |
CY2023Q2 | morn |
Current Tax Benefits Related To Retrospective Tax Election
CurrentTaxBenefitsRelatedToRetrospectiveTaxElection
|
10600000 | usd |
CY2023Q2 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
500000000 | usd |
us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
8484 | shares | |
us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
1400000 | usd | |
CY2023Q2 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
498600000 | usd |
CY2023Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2023Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |