2024 Q4 Form 10-Q Financial Statement
#000104952124000044 Filed on November 05, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
Revenue | $204.4M | |
YoY Change | 12.95% | |
Cost Of Revenue | $152.6M | |
YoY Change | 17.0% | |
Gross Profit | $51.79M | |
YoY Change | 2.5% | |
Gross Profit Margin | 25.33% | |
Selling, General & Admin | $33.15M | |
YoY Change | -7.38% | |
% of Gross Profit | 64.01% | |
Research & Development | $18.38M | |
YoY Change | -42.32% | |
% of Gross Profit | 35.5% | |
Depreciation & Amortization | $21.22M | |
YoY Change | -6.49% | |
% of Gross Profit | 40.97% | |
Operating Expenses | $65.21M | |
YoY Change | -28.13% | |
Operating Profit | -$13.42M | |
YoY Change | -66.62% | |
Interest Expense | $8.906M | |
YoY Change | 13.26% | |
% of Operating Profit | ||
Other Income/Expense, Net | -$1.339M | |
YoY Change | -24.52% | |
Pretax Income | -$23.12M | |
YoY Change | -53.52% | |
Income Tax | -$5.594M | |
% Of Pretax Income | ||
Net Earnings | -$17.53M | |
YoY Change | -52.26% | |
Net Earnings / Revenue | -8.57% | |
Basic Earnings Per Share | -$0.30 | |
Diluted Earnings Per Share | -$0.30 | |
COMMON SHARES | ||
Basic Shares Outstanding | 59.63M shares | 59.41M shares |
Diluted Shares Outstanding | 58.26M shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $158.1M | |
YoY Change | 76.87% | |
Cash & Equivalents | $158.1M | |
Short-Term Investments | ||
Other Short-Term Assets | $22.29M | |
YoY Change | -0.5% | |
Inventory | $351.1M | |
Prepaid Expenses | ||
Receivables | $124.5M | |
Other Receivables | $0.00 | |
Total Short-Term Assets | $954.3M | |
YoY Change | -0.04% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $105.1M | |
YoY Change | -10.34% | |
Goodwill | $938.1M | |
YoY Change | 0.0% | |
Intangibles | $239.3M | |
YoY Change | -16.2% | |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $7.486M | |
YoY Change | 68.38% | |
Total Long-Term Assets | $1.415B | |
YoY Change | -2.17% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $954.3M | |
Total Long-Term Assets | $1.415B | |
Total Assets | $2.369B | |
YoY Change | -1.32% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $74.74M | |
YoY Change | -22.0% | |
Accrued Expenses | $42.55M | |
YoY Change | 26.41% | |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $232.8M | |
YoY Change | 13.38% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $591.5M | |
YoY Change | 2.6% | |
Other Long-Term Liabilities | $17.34M | |
YoY Change | 96.99% | |
Total Long-Term Liabilities | $17.34M | |
YoY Change | 96.99% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $232.8M | |
Total Long-Term Liabilities | $17.34M | |
Total Liabilities | $909.1M | |
YoY Change | 5.72% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $202.3M | |
YoY Change | -36.93% | |
Common Stock | $584.0K | |
YoY Change | 1.92% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $1.460B | |
YoY Change | ||
Total Liabilities & Shareholders Equity | $2.369B | |
YoY Change | -1.32% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$17.53M | |
YoY Change | -52.26% | |
Depreciation, Depletion And Amortization | $21.22M | |
YoY Change | -6.49% | |
Cash From Operating Activities | -$14.66M | |
YoY Change | -62.48% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | $6.236M | |
YoY Change | -22.2% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$6.236M | |
YoY Change | -22.2% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -$2.249M | |
YoY Change | -103.46% | |
NET CHANGE | ||
Cash From Operating Activities | -$14.66M | |
Cash From Investing Activities | -$6.236M | |
Cash From Financing Activities | -$2.249M | |
Net Change In Cash | -$22.40M | |
YoY Change | -225.79% | |
FREE CASH FLOW | ||
Cash From Operating Activities | -$14.66M | |
Capital Expenditures | $6.236M | |
Free Cash Flow | -$20.90M | |
YoY Change | -55.62% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2024Q3 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2024-09-27 | |
CY2024Q2 | us-gaap |
Preferred Stock Value
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|
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Accounts Receivable Net Current
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Prepaid Expense And Other Assets Current
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Property Plant And Equipment Net
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Goodwill
Goodwill
|
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Intangible Assets Net Excluding Goodwill
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|
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CY2024Q3 | us-gaap |
Operating Lease Right Of Use Asset
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|
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CY2024Q3 | us-gaap |
Deferred Income Tax Assets Net
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|
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CY2024Q3 | us-gaap |
Other Assets Noncurrent
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|
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CY2024Q3 | us-gaap |
Assets
Assets
|
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Accounts Payable Current
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Accrued Liabilities Current
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Employee Related Liabilities Current
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Accrued Income Taxes Current
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Deferred Revenue Current
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Accrued Income Taxes Noncurrent
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Secured Long Term Debt
SecuredLongTermDebt
|
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Operating Lease Liability Noncurrent
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|
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CY2024Q3 | us-gaap |
Other Liabilities Noncurrent
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|
17335000 | usd |
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Commitments And Contingencies
CommitmentsAndContingencies
|
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Preferred Stock Par Or Stated Value Per Share
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|
0.01 | |
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Preferred Stock Shares Authorized
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|
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Preferred Stock Shares Issued
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|
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Preferred Stock Shares Outstanding
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|
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Preferred Stock Value
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|
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Common Stock Par Or Stated Value Per Share
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Common Stock Shares Authorized
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Common Stock Shares Issued
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Common Stock Value
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Additional Paid In Capital
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Retained Earnings Accumulated Deficit
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|
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Accumulated Other Comprehensive Income Loss Net Of Tax
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Liabilities And Stockholders Equity
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Revenues
Revenues
|
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Cost Of Revenue
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|
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Gross Profit
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|
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Selling General And Administrative Expense
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|
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Research And Development Expense
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|
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Amortization Of Intangible Assets
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Restructuring Charges
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Business Combination Acquisition Related Costs
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Investment Income Interest
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Interest Expense
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Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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Income Tax Expense Benefit
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Net Income Loss
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Earnings Per Share Basic
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|
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Earnings Per Share Diluted
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|
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Weighted Average Number Of Shares Outstanding Basic
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|
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Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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Comprehensive Income Net Of Tax
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|
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Other Noncash Income Expense
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|
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Gain Loss On Sale Of Derivatives
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|
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Increase Decrease In Prepaid Taxes
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|
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Increase Decrease In Prepaid Taxes
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Increase Decrease In Prepaid Expense And Other
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Increase Decrease In Prepaid Expense And Other
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Increase Decrease In Other Noncurrent Assets
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Increase Decrease In Contract With Customer Liability
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Increase Decrease In Accrued Income Taxes Payable
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Net Cash Provided By Used In Operating Activities
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|
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Payments To Acquire Property Plant And Equipment
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Payments To Acquire Property Plant And Equipment
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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Receivables Purchase Agreement Limit On Purchased Receivables
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Revenues
|
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Revenues
Revenues
|
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Entity Central Index Key
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|
0001049521 | |
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Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--06-27 | |
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2025 | |
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Q1 | |
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Entity Registrant Name
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|
MERCURY SYSTEMS, INC. | |
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Entity Incorporation State Country Code
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|
MA | |
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Entity Tax Identification Number
EntityTaxIdentificationNumber
|
04-2741391 | |
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Entity Address Address Line1
EntityAddressAddressLine1
|
50 MINUTEMAN ROAD | |
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Entity Address City Or Town
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|
ANDOVER | |
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Entity Address State Or Province
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|
MA | |
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City Area Code
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|
978 | |
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Local Phone Number
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|
256-1300 | |
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Security12g Title
Security12gTitle
|
Common Stock, par value $0.01 per share | |
CY2024Q3 | dei |
Trading Symbol
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|
MRCY | |
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Security Exchange Name
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|
NASDAQ | |
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Entity Current Reporting Status
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|
Yes | |
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Entity Interactive Data Current
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|
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Entity Filer Category
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|
Large Accelerated Filer | |
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Entity Small Business
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|
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Entity Emerging Growth Company
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|
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Cash And Cash Equivalents At Carrying Value
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|
158123000 | usd |
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Cash And Cash Equivalents At Carrying Value
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|
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Inventory Net
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|
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|
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|
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Contract With Customer Asset Net
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Inventory Net
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|
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|
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Operating Lease Right Of Use Asset
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|
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|
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Assets
Assets
|
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|
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|
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|
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AccruedIncomeTaxesCurrent
|
109000 | usd |
CY2024Q2 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
73915000 | usd |
CY2024Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
234416000 | usd |
CY2024Q2 | us-gaap |
Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
|
7713000 | usd |
CY2024Q2 | us-gaap |
Secured Long Term Debt
SecuredLongTermDebt
|
591500000 | usd |
CY2024Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
62584000 | usd |
CY2024Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
9917000 | usd |
CY2024Q3 | us-gaap |
Liabilities
Liabilities
|
909140000 | usd |
CY2024Q2 | us-gaap |
Liabilities
Liabilities
|
906130000 | usd |
CY2024Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2024Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2024Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2024Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2024Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2024Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
85000000 | shares |
CY2024Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
581000 | usd |
CY2024Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
1242402000 | usd |
CY2024Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
219799000 | usd |
CY2024Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
9993000 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1472775000 | usd |
CY2024Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2378905000 | usd |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
180991000 | usd |
CY2023Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
130464000 | usd |
CY2023Q3 | us-gaap |
Gross Profit
GrossProfit
|
50527000 | usd |
CY2023Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
35794000 | usd |
CY2023Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
31872000 | usd |
CY2023Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
12547000 | usd |
CY2023Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
9546000 | usd |
CY2023Q3 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
969000 | usd |
CY2023Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
90728000 | usd |
CY2023Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-40201000 | usd |
CY2023Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
103000 | usd |
CY2023Q3 | us-gaap |
Interest Expense
InterestExpense
|
7863000 | usd |
CY2023Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1774000 | usd |
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-49735000 | usd |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-13027000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-36708000 | usd |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.64 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.64 | |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
57105000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
57105000 | shares |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-36708000 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
1742000 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
420000 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
56000 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
2106000 | usd |
CY2023Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-34602000 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1472775000 | usd |
CY2024Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
0 | usd |
CY2024Q3 | us-gaap |
Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
4512000 | usd |
CY2024Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
6338000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-17525000 | usd |
CY2024Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-6259000 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1459841000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1566685000 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
0 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
4638000 | usd |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4091000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-36708000 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
2106000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1540812000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-17525000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-36708000 | usd |
CY2024Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
21220000 | usd |
CY2023Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
22692000 | usd |
CY2024Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6092000 | usd |
CY2023Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4117000 | usd |
CY2024Q3 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
4432000 | usd |
CY2023Q3 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
4841000 | usd |
CY2024Q3 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-7847000 | usd |
CY2023Q3 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-12795000 | usd |
CY2024Q3 | us-gaap |
Provision For Other Credit Losses
ProvisionForOtherCreditLosses
|
218000 | usd |
CY2023Q3 | us-gaap |
Provision For Other Credit Losses
ProvisionForOtherCreditLosses
|
36000 | usd |
CY2024Q3 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-2707000 | usd |
CY2024Q3 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
6148000 | usd |
CY2024Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6236000 | usd |
CY2023Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-8015000 | usd |
CY2024Q3 | us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
0 | usd |
CY2023Q3 | us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
65000000 | usd |
CY2024Q3 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
2249000 | usd |
CY2023Q3 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
0 | usd |
CY2024Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-2249000 | usd |
CY2023Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
65000000 | usd |
CY2024Q3 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
747000 | usd |
CY2023Q3 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-111000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-22398000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
17806000 | usd |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
180521000 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
71563000 | usd |
CY2024Q3 | us-gaap |
Interest Paid Net
InterestPaidNet
|
8898000 | usd |
CY2023Q3 | us-gaap |
Interest Paid Net
InterestPaidNet
|
6417000 | usd |
CY2024Q3 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-923000 | usd |
CY2023Q3 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
14568000 | usd |
CY2024Q3 | us-gaap |
Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
|
3300000 | usd |
CY2023Q3 | us-gaap |
Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
|
6192000 | usd |
CY2024Q3 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:26.28pt">Description of Business</span><div style="margin-top:5pt;text-align:justify;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Mercury Systems, Inc. (the Company) is a technology company that delivers mission-critical processing power to the edge - where signals and data are collected - to solve the most pressing aerospace and defense challenges. Mercury’s products and solutions are deployed in more than 300 programs and across 35 countries. The Company is headquartered in Andover, Massachusetts, and has over 20 locations worldwide.</span></div>The Mercury Processing Platform is the unique advantage the Company provides to its customers. It comprises the innovative technologies the Company has developed and acquired for more than 40 years that brings integrated, mission-critical processing capabilities to the edge. The Company's processing platform spans the full breadth of signal processing—from RF front end to the human-machine interface—to rapidly convert meaningful data, gathered in the most remote and hostile environments, into critical decisions. It allows the Company to offer standard products and custom solutions from silicon to system scale, including components, modules, subsystems, and systems, and it embodies the customer-centric approach the Company takes to delivering capabilities that are mission-ready, trusted and secure, software-defined, and open and modular. | |
CY2024Q3 | mrcy |
Number Of Deployed Programs
NumberOfDeployedPrograms
|
300 | program |
CY2024Q3 | mrcy |
Number Of Countries With Deployed Programs
NumberOfCountriesWithDeployedPrograms
|
35 | country |
CY2024Q3 | mrcy |
Number Of Company Locations
NumberOfCompanyLocations
|
20 | program |
CY2024Q3 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top:9pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">U</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">SE</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">OF</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> E</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">STIMATES</span></div><div style="margin-top:6pt;text-align:justify;text-indent:24.75pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</span></div> | |
CY2022Q3 | mrcy |
Receivables Purchase Agreement Limit On Purchased Receivables
ReceivablesPurchaseAgreementLimitOnPurchasedReceivables
|
20000000 | usd |
CY2023Q1 | mrcy |
Receivables Purchase Agreement Limit On Purchased Receivables
ReceivablesPurchaseAgreementLimitOnPurchasedReceivables
|
30600000 | usd |
CY2023Q2 | mrcy |
Receivables Purchase Agreement Limit On Purchased Receivables
ReceivablesPurchaseAgreementLimitOnPurchasedReceivables
|
60000000 | usd |
CY2024Q3 | mrcy |
Receivables Purchase Agreement Limit On Purchased Receivables
ReceivablesPurchaseAgreementLimitOnPurchasedReceivables
|
60000000 | usd |
CY2024Q3 | mrcy |
Receivables Purchase Agreement Limit On Purchased Receivables
ReceivablesPurchaseAgreementLimitOnPurchasedReceivables
|
60000000 | usd |
CY2024Q3 | mrcy |
Accounts Receivable Amount Factored
AccountsReceivableAmountFactored
|
43659000 | usd |
CY2024Q3 | mrcy |
Accounts Receivable Factoring Fees
AccountsReceivableFactoringFees
|
362000 | usd |
CY2024Q3 | mrcy |
Accounts Receivable Amount Not Received
AccountsReceivableAmountNotReceived
|
18835000 | usd |
CY2023Q3 | mrcy |
Accounts Receivable Amount Factored
AccountsReceivableAmountFactored
|
28826000 | usd |
CY2023Q3 | mrcy |
Accounts Receivable Factoring Fees
AccountsReceivableFactoringFees
|
308000 | usd |
CY2024Q3 | us-gaap |
Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
|
-8293000 | usd |
CY2023Q3 | us-gaap |
Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
|
-16463000 | usd |
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
58260000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
57105000 | shares |
CY2024Q3 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
298270000 | usd |
CY2024Q2 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
304029000 | usd |
CY2024Q3 | us-gaap |
Gross Transaction Volume
GrossTransactionVolume
|
117865000 | usd |
CY2024Q3 | mrcy |
Revenue Performance Obligation Satisfied Over Time
RevenuePerformanceObligationSatisfiedOverTime
|
112106000 | usd |
CY2024Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
96859000 | usd |
CY2024Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
74367000 | usd |
CY2024Q3 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
26411000 | usd |
CY2023Q3 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
21015000 | usd |
CY2024Q3 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
765775000 | usd |
CY2024Q3 | us-gaap |
Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
|
0.54 | |
CY2024Q3 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P12M | |
CY2024Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
5721000 | usd |
CY2024Q3 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
97000 | usd |
CY2024Q3 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
998000 | usd |
CY2024Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
4820000 | usd |
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
58260000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
57105000 | shares |
CY2024Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares |
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
58260000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
57105000 | shares |
CY2024Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2694000 | shares |
CY2023Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1912000 | shares |
CY2024Q3 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
206986000 | usd |
CY2024Q2 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
200501000 | usd |
CY2024Q3 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
124321000 | usd |
CY2024Q2 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
118060000 | usd |
CY2024Q3 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
19781000 | usd |
CY2024Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
16739000 | usd |
CY2024Q3 | us-gaap |
Inventory Net
InventoryNet
|
351088000 | usd |
CY2024Q2 | us-gaap |
Inventory Net
InventoryNet
|
335300000 | usd |
CY2024Q2 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
8758000 | usd |
CY2024Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
2260000 | usd |
CY2024Q3 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
6185000 | usd |
CY2024Q3 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
4833000 | usd |
CY2024Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-5594000 | usd |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-13027000 | usd |
CY2024Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-23119000 | usd |
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-49735000 | usd |
CY2024Q3 | mrcy |
Discreet Tax Provision
DiscreetTaxProvision
|
219000 | usd |
CY2023Q3 | mrcy |
Discreet Tax Provision
DiscreetTaxProvision
|
1215000 | usd |
CY2024Q3 | us-gaap |
Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
|
714000 | usd |
CY2024Q3 | us-gaap |
Secured Long Term Debt
SecuredLongTermDebt
|
591500000 | usd |
CY2024Q3 | us-gaap |
Interest Expense
InterestExpense
|
8906000 | usd |
CY2024Q3 | us-gaap |
Secured Long Term Debt
SecuredLongTermDebt
|
591500000 | usd |
CY2024Q3 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
753000 | usd |
CY2024Q3 | us-gaap |
Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
|
5383000 | usd |
CY2024Q3 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
232000 | usd |
CY2023Q3 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
207000 | usd |
CY2024Q3 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
54000 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
56000 | usd |
CY2024Q3 | us-gaap |
Defined Benefit Plan Expected Future Employer Contributions Current Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsCurrentFiscalYear
|
959000 | usd |
CY2024Q3 | us-gaap |
Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
|
0.06 | |
CY2024Q3 | us-gaap |
Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
|
2981000 | usd |
CY2024 | us-gaap |
Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
|
2901000 | usd |
CY2024Q3 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
4432000 | usd |
CY2023Q3 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
4841000 | usd |
CY2024Q3 | us-gaap |
Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
|
183000 | usd |
CY2024Q3 | us-gaap |
Other Deferred Compensation Arrangements Liability Current And Noncurrent
OtherDeferredCompensationArrangementsLiabilityCurrentAndNoncurrent
|
183000 | usd |
CY2024Q3 | mrcy |
Share Based Compensation Arrangement By Share Based Payment Award Exercise Price Percentage Of Fair Value Threshold
ShareBasedCompensationArrangementByShareBasedPaymentAwardExercisePricePercentageOfFairValueThreshold
|
1 | |
CY2024Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
|
8360000 | usd |
CY2024Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
715000 | usd |
CY2024Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
456000 | usd |
CY2024Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
6092000 | usd |
CY2023Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4117000 | usd |
CY2024Q3 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
1645000 | usd |
CY2023Q3 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
1112000 | usd |
CY2024Q3 | us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
4447000 | usd |
CY2023Q3 | us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
3005000 | usd |
CY2024Q3 | us-gaap |
Revenues
Revenues
|
204431000 | usd |
CY2024Q3 | us-gaap |
Revenues
Revenues
|
204431000 | usd |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
180991000 | usd |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
180991000 | usd |
CY2024Q3 | us-gaap |
Revenues
Revenues
|
204431000 | usd |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
180991000 | usd |
CY2024Q3 | us-gaap |
Revenues
Revenues
|
204431000 | usd |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
180991000 | usd |
CY2024Q3 | us-gaap |
Revenues
Revenues
|
204431000 | usd |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
180991000 | usd |
CY2024Q3 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
105059000 | usd |
CY2024Q2 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
110353000 | usd |
CY2023Q3 | us-gaap |
Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
|
14100000 | usd |
CY2022Q3 | us-gaap |
Derivative Notional Amount
DerivativeNotionalAmount
|
300000000 | usd |
CY2022Q3 | us-gaap |
Derivative Notional Amount
DerivativeNotionalAmount
|
300000000 | usd |
CY2022Q3 | us-gaap |
Derivative Fixed Interest Rate
DerivativeFixedInterestRate
|
0.0379 | |
CY2023Q3 | us-gaap |
Secured Long Term Debt
SecuredLongTermDebt
|
576500000 | usd |
CY2024Q3 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
881000 | usd |
CY2024Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |