2023 Q4 Form 10-K Financial Statement

#000182323924000032 Filed on February 29, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022
Revenue $74.14M $288.9M $883.0M
YoY Change -63.78% -67.28% 10.48%
Cost Of Revenue $35.11M $148.7M $169.0M
YoY Change -34.07% -11.96% 20.2%
Gross Profit $39.03M $140.2M $714.0M
YoY Change -74.23% -80.37% 8.41%
Gross Profit Margin 52.65% 48.52% 80.87%
Selling, General & Admin $38.48M $151.4M $129.3M
YoY Change 3.43% 17.12% 29.18%
% of Gross Profit 98.58% 107.98% 18.1%
Research & Development $4.594M $17.28M $18.37M
YoY Change 4.15% -5.93% 20.7%
% of Gross Profit 11.77% 12.33% 2.57%
Depreciation & Amortization $10.80M $12.90M $7.566M
YoY Change 31.75% 70.47% 17.98%
% of Gross Profit 27.67% 9.2% 1.06%
Operating Expenses $39.72M $168.7M $147.6M
YoY Change -5.92% 14.25% 28.06%
Operating Profit -$684.0K -$31.65M $574.2M
YoY Change -100.63% -105.51% 3.53%
Interest Expense -$7.941M $45.89M $20.41M
YoY Change 1.26% 124.81% -32.54%
% of Operating Profit 3.56%
Other Income/Expense, Net $671.3M -$1.337M -$358.0K
YoY Change -12243.22% 273.46% -228.32%
Pretax Income $656.2M $617.7M $551.5M
YoY Change 584.41% 12.02% 3.9%
Income Tax $766.2M $756.1M $60.81M
% Of Pretax Income 116.76% 122.4% 11.03%
Net Earnings -$106.0M -$119.0M $220.2M
YoY Change -381.55% -154.05% 20.97%
Net Earnings / Revenue -142.92% -41.19% 24.94%
Basic Earnings Per Share -$0.90 $1.67
Diluted Earnings Per Share -$0.80 -$0.90 $1.67
COMMON SHARES
Basic Shares Outstanding 131.9M shares 131.5M shares
Diluted Shares Outstanding 131.9M shares 255.3M shares

Balance Sheet

Concept 2023 Q4 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $575.0M $575.0M $632.1M
YoY Change -9.04% -9.04% 14.67%
Cash & Equivalents $575.0M
Short-Term Investments
Other Short-Term Assets $17.83M $17.83M $25.80M
YoY Change -30.89% -30.89% 30.97%
Inventory $51.40M $51.40M $43.15M
Prepaid Expenses
Receivables $54.61M $54.61M $138.6M
Other Receivables $1.118M $1.118M $8.190M
Total Short-Term Assets $699.9M $699.9M $847.9M
YoY Change -17.45% -17.45% 14.58%
LONG-TERM ASSETS
Property, Plant & Equipment $162.9M $222.6M $116.6M
YoY Change 209.14% 90.96% 22.18%
Goodwill $326.0M
YoY Change 14.93%
Intangibles $221.0M
YoY Change 2.0%
Long-Term Investments
YoY Change
Other Assets $77.62M $17.88M $817.5M
YoY Change -32.85% -97.81% 0.62%
Total Long-Term Assets $787.5M $787.5M $1.434B
YoY Change -45.1% -45.1% 21.74%
TOTAL ASSETS
Total Short-Term Assets $699.9M $699.9M $847.9M
Total Long-Term Assets $787.5M $787.5M $1.434B
Total Assets $1.487B $1.487B $2.282B
YoY Change -34.83% -34.83% 18.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.73M $10.73M $5.991M
YoY Change 79.09% 79.09% -26.53%
Accrued Expenses $60.24M $56.58M $50.63M
YoY Change 12.86% 11.76% 72.56%
Deferred Revenue $3.360M
YoY Change 8.81%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.440M $6.073M $5.440M
YoY Change 0.0% 11.64% -9.33%
Total Short-Term Liabilities $87.47M $87.47M $110.1M
YoY Change -20.59% -20.59% 17.45%
LONG-TERM LIABILITIES
Long-Term Debt $518.7M $550.6M $522.0M
YoY Change -0.63% 5.48% -0.49%
Other Long-Term Liabilities $59.49M $59.49M $744.9M
YoY Change -13.75% -92.01% -1.27%
Total Long-Term Liabilities $578.2M $610.1M $1.267B
YoY Change -2.16% -51.84% -0.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $87.47M $87.47M $110.1M
Total Long-Term Liabilities $578.2M $610.1M $1.267B
Total Liabilities $697.6M $1.071B $1.737B
YoY Change -49.34% -38.36% 8.38%
SHAREHOLDERS EQUITY
Retained Earnings $285.7M
YoY Change -29.41%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $416.8M $416.8M $545.2M
YoY Change
Total Liabilities & Shareholders Equity $1.487B $1.487B $2.282B
YoY Change -34.83% -34.83% 18.98%

Cashflow Statement

Concept 2023 Q4 2023 2022
OPERATING ACTIVITIES
Net Income -$106.0M -$119.0M $220.2M
YoY Change -381.55% -154.05% 20.97%
Depreciation, Depletion And Amortization $10.80M $12.90M $7.566M
YoY Change 31.75% 70.47% 17.98%
Cash From Operating Activities $7.790M $126.2M $536.0M
YoY Change -92.16% -76.45% 45.42%
INVESTING ACTIVITIES
Capital Expenditures $16.80M $65.55M $17.09M
YoY Change 170.34% 283.58% 15.08%
Acquisitions $69.62M $239.0M
YoY Change -70.87%
Other Investing Activities $3.896M -$56.76M -$250.5M
YoY Change -131.66% -77.34% -307.89%
Cash From Investing Activities -$12.90M -$122.3M -$267.6M
YoY Change -30.33% -54.3% -353.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $5.440M $13.90M
YoY Change -60.85% 131.58%
Cash From Financing Activities 470.0K -$61.09M -$187.5M
YoY Change -100.71% -67.42% 17.89%
NET CHANGE
Cash From Operating Activities 7.790M $126.2M $536.0M
Cash From Investing Activities -12.90M -$122.3M -$267.6M
Cash From Financing Activities 470.0K -$61.09M -$187.5M
Net Change In Cash -4.643M -$57.18M $80.87M
YoY Change -131.6% -170.7% -74.34%
FREE CASH FLOW
Cash From Operating Activities $7.790M $126.2M $536.0M
Capital Expenditures $16.80M $65.55M $17.09M
Free Cash Flow -$9.009M $60.67M $518.9M
YoY Change -109.67% -88.31% 46.69%

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CY2021 mrvi Adjustments To Additional Paid In Capital Tax Receivable Agreement Impact
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53000000 usd
CY2021 us-gaap Stock Issued During Period Value New Issues
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1670000 usd
CY2021 mrvi Noncontrolling Interest Increase From Cash Distribution Value
NoncontrollingInterestIncreaseFromCashDistributionValue
5220000 usd
CY2021 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
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CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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10458000 usd
CY2021 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
153492000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
469250000 usd
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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55000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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545361000 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
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2305000 usd
CY2022 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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18670000 usd
CY2022 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
150065000 usd
CY2022 mrvi Adjustments To Additional Paid In Capital Change In Deferred Tax Asset
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1691000 usd
CY2022 us-gaap Profit Loss
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490663000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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905243000 usd
CY2023 mrvi Effects Of Organizational Transactions Value
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CY2023 us-gaap Stock Issued During Period Value New Issues
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CY2023 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
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CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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34588000 usd
CY2023 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2023 mrvi Adjustments To Additional Paid In Capital Change In Deferred Tax Asset
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CY2023 us-gaap Profit Loss
ProfitLoss
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CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023 us-gaap Profit Loss
ProfitLoss
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CY2022 us-gaap Profit Loss
ProfitLoss
490663000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
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CY2023 us-gaap Depreciation
Depreciation
12898000 usd
CY2022 us-gaap Depreciation
Depreciation
7566000 usd
CY2021 us-gaap Depreciation
Depreciation
6413000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
27356000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
24269000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18339000 usd
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2929000 usd
CY2022 us-gaap Amortization Of Financing Costs
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2788000 usd
CY2021 us-gaap Amortization Of Financing Costs
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2676000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
34588000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2023 us-gaap Gains Losses On Extinguishment Of Debt
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CY2022 us-gaap Gains Losses On Extinguishment Of Debt
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CY2021 us-gaap Gains Losses On Extinguishment Of Debt
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CY2023 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
42318000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2023 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2021 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 usd
CY2023 us-gaap Gain Loss On Sale Of Business
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0 usd
CY2022 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 usd
CY2021 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
11249000 usd
CY2023 mrvi Gain Loss On Tax Receivable Agreement
GainLossOnTaxReceivableAgreement
668886000 usd
CY2022 mrvi Gain Loss On Tax Receivable Agreement
GainLossOnTaxReceivableAgreement
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CY2021 mrvi Gain Loss On Tax Receivable Agreement
GainLossOnTaxReceivableAgreement
6101000 usd
CY2023 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2313000 usd
CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
7993000 usd
CY2021 us-gaap Other Noncash Income Expense
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281000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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22272000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
70391000 usd
CY2023 us-gaap Increase Decrease In Inventories
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CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
21574000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
52873000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
9513000 usd
CY2023 mrvi Increase Decrease In Government Funding Receivable
IncreaseDecreaseInGovernmentFundingReceivable
0 usd
CY2022 mrvi Increase Decrease In Government Funding Receivable
IncreaseDecreaseInGovernmentFundingReceivable
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CY2021 mrvi Increase Decrease In Government Funding Receivable
IncreaseDecreaseInGovernmentFundingReceivable
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CY2022 us-gaap Increase Decrease In Accounts Payable
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CY2023 us-gaap Increase Decrease In Accrued Liabilities
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15108000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
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CY2021 us-gaap Increase Decrease In Contract With Customer Liability
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CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
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3829000 usd
CY2021 us-gaap Increase Decrease In Other Noncurrent Liabilities
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
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126224000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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535977000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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368570000 usd
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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69622000 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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238969000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
65553000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17090000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14850000 usd
CY2023 mrvi Proceeds From Government Assistance Allocated To Property And Equipment
ProceedsFromGovernmentAssistanceAllocatedToPropertyAndEquipment
12865000 usd
CY2022 mrvi Proceeds From Government Assistance Allocated To Property And Equipment
ProceedsFromGovernmentAssistanceAllocatedToPropertyAndEquipment
1105000 usd
CY2021 mrvi Proceeds From Government Assistance Allocated To Property And Equipment
ProceedsFromGovernmentAssistanceAllocatedToPropertyAndEquipment
0 usd
CY2023 mrvi Finance Lease Prepayments Lease Not Yet Commenced
FinanceLeasePrepaymentsLeaseNotYetCommenced
0 usd
CY2022 mrvi Finance Lease Prepayments Lease Not Yet Commenced
FinanceLeasePrepaymentsLeaseNotYetCommenced
13278000 usd
CY2021 mrvi Finance Lease Prepayments Lease Not Yet Commenced
FinanceLeasePrepaymentsLeaseNotYetCommenced
0 usd
CY2023 us-gaap Proceeds From Sale Of Buildings
ProceedsFromSaleOfBuildings
0 usd
CY2022 us-gaap Proceeds From Sale Of Buildings
ProceedsFromSaleOfBuildings
0 usd
CY2021 us-gaap Proceeds From Sale Of Buildings
ProceedsFromSaleOfBuildings
548000 usd
CY2023 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
0 usd
CY2022 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
620000 usd
CY2021 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
119957000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-122310000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
9607000 usd
CY2022 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
150206000 usd
CY2021 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
153451000 usd
CY2023 us-gaap Proceeds From Issuance Of Long Term Debt
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0 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
8455000 usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
CY2023 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
5440000 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
13895000 usd
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
6000000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
332000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0 usd
CY2023 us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
6168000 usd
CY2022 us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
0 usd
CY2021 us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
0 usd
CY2023 mrvi Payment Of Acquisition Contingent Consideration Holdback
PaymentOfAcquisitionContingentConsiderationHoldback
9706000 usd
CY2022 mrvi Payment Of Acquisition Contingent Consideration Holdback
PaymentOfAcquisitionContingentConsiderationHoldback
0 usd
CY2021 mrvi Payment Of Acquisition Contingent Consideration Holdback
PaymentOfAcquisitionContingentConsiderationHoldback
0 usd
CY2023 mrvi Share Based Payment Arrangement Value Shares Withheld For Tax Withholding Obligation
ShareBasedPaymentArrangementValueSharesWithheldForTaxWithholdingObligation
-20000 usd
CY2022 mrvi Share Based Payment Arrangement Value Shares Withheld For Tax Withholding Obligation
ShareBasedPaymentArrangementValueSharesWithheldForTaxWithholdingObligation
2358000 usd
CY2021 mrvi Share Based Payment Arrangement Value Shares Withheld For Tax Withholding Obligation
ShareBasedPaymentArrangementValueSharesWithheldForTaxWithholdingObligation
1709000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-61090000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-187499000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-88000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-57176000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
80866000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
315088000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
632138000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
551272000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
236184000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
574962000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
632138000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
551272000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
44256000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
20198000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
27234000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-2987000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
23032000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
22473000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2011000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1701000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2149000 usd
CY2023 mrvi Accrued Receivable For Capital Expenditures To Be Reimbursed Under Government Contract
AccruedReceivableForCapitalExpendituresToBeReimbursedUnderGovernmentContract
1118000 usd
CY2022 mrvi Accrued Receivable For Capital Expenditures To Be Reimbursed Under Government Contract
AccruedReceivableForCapitalExpendituresToBeReimbursedUnderGovernmentContract
0 usd
CY2021 mrvi Accrued Receivable For Capital Expenditures To Be Reimbursed Under Government Contract
AccruedReceivableForCapitalExpendituresToBeReimbursedUnderGovernmentContract
0 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
32862000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3931000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
17513000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2023 mrvi Noncash Business Combination Contingent Consideration Arrangements Liability
NoncashBusinessCombinationContingentConsiderationArrangementsLiability
5289000 usd
CY2022 mrvi Noncash Business Combination Contingent Consideration Arrangements Liability
NoncashBusinessCombinationContingentConsiderationArrangementsLiability
7800000 usd
CY2021 mrvi Noncash Business Combination Contingent Consideration Arrangements Liability
NoncashBusinessCombinationContingentConsiderationArrangementsLiability
0 usd
CY2023 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
0 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
10000000 usd
CY2021 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
0 usd
CY2023 mrvi Conversion Of Stock Deferred Tax Asset
ConversionOfStockDeferredTaxAsset
0 usd
CY2022 mrvi Conversion Of Stock Deferred Tax Asset
ConversionOfStockDeferredTaxAsset
0 usd
CY2021 mrvi Conversion Of Stock Deferred Tax Asset
ConversionOfStockDeferredTaxAsset
423361000 usd
CY2023 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 usd
CY2021 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
366179000 usd
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt;text-align:justify"><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:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in accordance with GAAP requires the Company to make judgements, estimates and assumptions that affect the reported amounts of assets, liabilities, equity, revenue and expenses, and related disclosures. These estimates form the basis for judgments the Company makes about the carrying values of assets and liabilities that are not readily apparent from other sources. The Company bases its estimates and judgments on historical experience and on various other assumptions that the Company believes are reasonable under the circumstances. These estimates are based on management’s knowledge about current events and expectations about actions the Company may undertake in the future. Significant estimates include, but are not limited to, the measurement of right-of-use assets and lease liabilities and related incremental borrowing rate, the payable to related parties pursuant to the Tax Receivable Agreement (as defined in Note 14), the realizability of our net deferred tax assets, and valuation of goodwill and intangible assets acquired in business combinations. Actual results could differ materially from those estimates.</span></div>
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5500000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
4800000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
288945000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
883001000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
799240000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
2900000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
2500000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
1300000 usd
CY2023 mrvi Tax Receivable Agreement Percentage Of Tax Benefits Paid
TaxReceivableAgreementPercentageOfTaxBenefitsPaid
0.85
CY2023 mrvi Tax Receivable Agreement Percentage Of Tax Benefits Unpaid
TaxReceivableAgreementPercentageOfTaxBenefitsUnpaid
0.15
CY2023 mrvi Tax Receivable Agreement Percentage Of Tax Benefits Paid
TaxReceivableAgreementPercentageOfTaxBenefitsPaid
0.85
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div>Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and accounts receivable. The Company maintains the majority of its cash balances at multiple financial institutions that management believes are of high-credit quality and financially stable. Cash is deposited with major financial institutions in excess of Federal Deposit Insurance Corporation (“FDIC”) insurance limits. The Company believes it is not exposed to significant credit risk due to the financial strength of the depository institutions in which the cash is held. The Company provides credit, in the normal course of business, to international and domestic distributors as well as certain customers, which are geographically dispersed. The Company attempts to limit its credit risk by performing ongoing credit evaluations of its customers and maintaining adequate allowances for potential credit losses.
CY2023 mrvi Conversion Of Stock Conversion Ratio
ConversionOfStockConversionRatio
1
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1400000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2023 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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500000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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0 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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CY2023Q4 us-gaap Goodwill
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326000000 usd
CY2022Q4 us-gaap Goodwill
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283700000 usd
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CY2022 us-gaap Number Of Reporting Units
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CY2023Q4 us-gaap Number Of Reporting Units
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CY2022Q4 us-gaap Goodwill
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283668000 usd
CY2023 us-gaap Goodwill Acquired During Period
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42361000 usd
CY2023Q4 us-gaap Goodwill
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326029000 usd
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349762000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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128775000 usd
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220987000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
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P8Y8M12D
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318082000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
101419000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
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216663000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P9Y3M18D
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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27478000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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27335000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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27098000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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26082000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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25862000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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87132000 usd
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220987000 usd
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CY2022Q4 us-gaap Business Combination Contingent Consideration Liability
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CY2023 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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19338000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
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13486000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
12680000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
21950000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
19379000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
7716000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
51397000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
43152000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
78599000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
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CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
32214000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
19502000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
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162900000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
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52694000 usd
CY2023 us-gaap Depreciation
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12900000 usd
CY2022 us-gaap Depreciation
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7600000 usd
CY2021 us-gaap Depreciation
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6400000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
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59746000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
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63896000 usd
CY2023Q4 us-gaap Derivative Assets Noncurrent
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8559000 usd
CY2022Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
11362000 usd
CY2023Q4 mrvi Business Combination Indemnification Assets Carrying Value
BusinessCombinationIndemnificationAssetsCarryingValue
6388000 usd
CY2022Q4 mrvi Business Combination Indemnification Assets Carrying Value
BusinessCombinationIndemnificationAssetsCarryingValue
7682000 usd
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PrepaidLeasePayments
0 usd
CY2022Q4 mrvi Prepaid Lease Payments
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27253000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous Noncurrent
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2929000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
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5396000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
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77622000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
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115589000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
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12905000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
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19873000 usd
CY2023Q4 us-gaap Interest Payable Current
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9202000 usd
CY2022Q4 us-gaap Interest Payable Current
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7700000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
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6780000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
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6269000 usd
CY2023Q4 mrvi Accrued Restructuring Costs Current
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2814000 usd
CY2022Q4 mrvi Accrued Restructuring Costs Current
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CY2023Q4 us-gaap Accrued Professional Fees Current
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2277000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
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4093000 usd
CY2023Q4 mrvi Contract With Customer Liability Current Customer Deposits
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2156000 usd
CY2022Q4 mrvi Contract With Customer Liability Current Customer Deposits
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1665000 usd
CY2023Q4 us-gaap Sales And Excise Tax Payable Current
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1001000 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
1029000 usd
CY2023Q4 mrvi Inventory Holdback Liability Current
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0 usd
CY2022Q4 mrvi Inventory Holdback Liability Current
InventoryHoldbackLiabilityCurrent
10000000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
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3656000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
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2742000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
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60237000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
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53371000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
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0 usd
CY2023Q4 us-gaap Operating Lease Liability Current
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6780000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6269000 usd
CY2023Q4 mrvi Finance And Operating Lease Liability Current
FinanceAndOperatingLeaseLiabilityCurrent
7413000 usd
CY2022Q4 mrvi Finance And Operating Lease Liability Current
FinanceAndOperatingLeaseLiabilityCurrent
6269000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
31897000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
0 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
47510000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
51556000 usd
CY2023Q4 mrvi Finance And Operating Lease Liability Non Current
FinanceAndOperatingLeaseLiabilityNonCurrent
79407000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
47510000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
51556000 usd
CY2023Q4 mrvi Business Combination Tax Liability Noncurrent
BusinessCombinationTaxLiabilityNoncurrent
6388000 usd
CY2022Q4 mrvi Business Combination Tax Liability Noncurrent
BusinessCombinationTaxLiabilityNoncurrent
7682000 usd
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
1872000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
0 usd
CY2023Q4 mrvi Other Liabilities Miscellaneous Noncurrent
OtherLiabilitiesMiscellaneousNoncurrent
522000 usd
CY2022Q4 mrvi Other Liabilities Miscellaneous Noncurrent
OtherLiabilitiesMiscellaneousNoncurrent
413000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
59494000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
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68975000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
75382000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
0 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
59746000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
63896000 usd
CY2023Q4 mrvi Finance And Operating Lease Right Of Use Asset
FinanceAndOperatingLeaseRightOfUseAsset
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CY2022Q4 mrvi Finance And Operating Lease Right Of Use Asset
FinanceAndOperatingLeaseRightOfUseAsset
63896000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
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633000 usd
CY2022Q4 mrvi Finance And Operating Lease Liability Non Current
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51556000 usd
CY2023 mrvi Finance Lease Depreciation
FinanceLeaseDepreciation
3217000 usd
CY2022 mrvi Finance Lease Depreciation
FinanceLeaseDepreciation
0 usd
CY2021 mrvi Finance Lease Depreciation
FinanceLeaseDepreciation
0 usd
CY2023 us-gaap Finance Lease Interest Expense
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1696000 usd
CY2022 us-gaap Finance Lease Interest Expense
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CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
0 usd
CY2023 mrvi Finance Lease Cost
FinanceLeaseCost
4913000 usd
CY2022 mrvi Finance Lease Cost
FinanceLeaseCost
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CY2021 mrvi Finance Lease Cost
FinanceLeaseCost
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CY2023 us-gaap Operating Lease Cost
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12417000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
8800000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
8792000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
3940000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
2742000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
1759000 usd
CY2023 us-gaap Lease Cost
LeaseCost
21270000 usd
CY2022 us-gaap Lease Cost
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11542000 usd
CY2021 us-gaap Lease Cost
LeaseCost
10551000 usd
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P14Y2M12D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P7Y3M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P7Y10M24D
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.084
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.067
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.065
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
332000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1696000 usd
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
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CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
0 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
10306000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
7049000 usd
CY2021 us-gaap Operating Lease Payments
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CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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32862000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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3931000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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17513000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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0 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
3327000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
10224000 usd
CY2023Q4 mrvi Finance Lease And Operating Lease Liability To Be Paid Year One
FinanceLeaseAndOperatingLeaseLiabilityToBePaidYearOne
13551000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
3427000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
10392000 usd
CY2023Q4 mrvi Finance Lease And Operating Lease Liability To Be Paid Year Two
FinanceLeaseAndOperatingLeaseLiabilityToBePaidYearTwo
13819000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
3530000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
10039000 usd
CY2023Q4 mrvi Finance Lease And Operating Lease Liability To Be Paid Year Three
FinanceLeaseAndOperatingLeaseLiabilityToBePaidYearThree
13569000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
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3636000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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8561000 usd
CY2023Q4 mrvi Finance Lease And Operating Lease Liability To Be Paid Year Four
FinanceLeaseAndOperatingLeaseLiabilityToBePaidYearFour
12197000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
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3745000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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8666000 usd
CY2023Q4 mrvi Finance Lease And Operating Lease Liability To Be Paid Year Five
FinanceLeaseAndOperatingLeaseLiabilityToBePaidYearFive
12411000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
40357000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
25432000 usd
CY2023Q4 mrvi Finance Lease And Operating Lease Liability To Be Paid After Year Five
FinanceLeaseAndOperatingLeaseLiabilityToBePaidAfterYearFive
65789000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
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58022000 usd
CY2021Q4 mrvi Noncontrolling Interest Common Units Acquired Price Per Share
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40.25
CY2021Q4 mrvi Noncontrolling Interest Common Unit Forfeiture Percentage
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0.02036
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
CY2021Q4 mrvi Noncontrolling Interest Common Units Acquired
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2732919 shares
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
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73314000 usd
CY2023Q4 mrvi Finance Lease And Operating Lease Liability To Be Paid
FinanceLeaseAndOperatingLeaseLiabilityToBePaid
131336000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
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25492000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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19024000 usd
CY2023Q4 mrvi Finance Lease And Operating Lease Liability Undiscounted Excess Amount
FinanceLeaseAndOperatingLeaseLiabilityUndiscountedExcessAmount
44516000 usd
CY2023Q4 us-gaap Finance Lease Liability
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32530000 usd
CY2023Q4 us-gaap Operating Lease Liability
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54290000 usd
CY2023Q4 mrvi Finance Lease And Operating Lease Liability
FinanceLeaseAndOperatingLeaseLiability
86820000 usd
CY2023 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
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3000000 usd
CY2021 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
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CY2022 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
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0 usd
CY2023Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
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3300000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
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8973000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
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11123000 usd
CY2023Q4 us-gaap Long Term Debt
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524147000 usd
CY2022Q4 us-gaap Long Term Debt
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CY2023Q4 us-gaap Long Term Debt Current
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5440000 usd
CY2022Q4 us-gaap Long Term Debt Current
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5440000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
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518707000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
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521997000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
5440000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
5440000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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5440000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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516800000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
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533120000 usd
CY2020Q4 us-gaap Preferred Stock Shares Authorized
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50000000 shares
CY2023Q1 mrvi Weighted Average Price Period Used For Calculation
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P50D
CY2023Q1 mrvi Noncontrolling Interest Common Unit Forfeiture Percentage
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0.037
CY2023 us-gaap Profit Loss
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CY2022 us-gaap Profit Loss
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490663000 usd
CY2021 us-gaap Profit Loss
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CY2023 mrvi Net Income Loss Attributable To Common Noncontrolling Interest
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CY2022 mrvi Net Income Loss Attributable To Common Noncontrolling Interest
NetIncomeLossAttributableToCommonNoncontrollingInterest
270458000 usd
CY2021 mrvi Net Income Loss Attributable To Common Noncontrolling Interest
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287213000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
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220205000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023 us-gaap Dilutive Securities
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CY2022 us-gaap Dilutive Securities
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87000 usd
CY2021 us-gaap Dilutive Securities
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132000 usd
CY2023 mrvi Dilutive Securities Effect On Basic Earnings Per Share Conversion Of Class B Common Stock
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0 usd
CY2022 mrvi Dilutive Securities Effect On Basic Earnings Per Share Conversion Of Class B Common Stock
DilutiveSecuritiesEffectOnBasicEarningsPerShareConversionOfClassBCommonStock
205984000 usd
CY2021 mrvi Dilutive Securities Effect On Basic Earnings Per Share Conversion Of Class B Common Stock
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220187000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
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402356000 usd
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131919000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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131545000 shares
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CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
153000 shares
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CY2022 mrvi Incremental Common Shares Attributable To Dilutive Effect Of Conversion Of Common Stock
IncrementalCommonSharesAttributableToDilutiveEffectOfConversionOfCommonStock
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CY2021 mrvi Incremental Common Shares Attributable To Dilutive Effect Of Conversion Of Common Stock
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142859000 shares
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131919000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021 us-gaap Earnings Per Share Diluted
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CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
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11900000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
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7700000 usd
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
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4300000 usd
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26300000 usd
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2394000 usd
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DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
754942000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
42318000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2023 us-gaap Allocated Share Based Compensation Expense
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34588000 usd
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AllocatedShareBasedCompensationExpense
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CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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617681000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
551472000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
530853000 usd
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
55000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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617736000 usd
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551472000 usd
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530765000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
756000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2173000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1623000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
8000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
6000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1169000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
18491000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
60809000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.149
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2023 mrvi Effective Income Tax Rate Reconciliation Deferred Tax Revaluation Percent
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0.012
CY2022 mrvi Effective Income Tax Rate Reconciliation Deferred Tax Revaluation Percent
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0.003
CY2021 mrvi Effective Income Tax Rate Reconciliation Deferred Tax Revaluation Percent
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0
CY2023 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
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CY2023 mrvi Effective Income Tax Rate Reconciliation Gain On Liquidation Of Subsidiary Percent
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0
CY2022 mrvi Effective Income Tax Rate Reconciliation Gain On Liquidation Of Subsidiary Percent
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0
CY2021 mrvi Effective Income Tax Rate Reconciliation Gain On Liquidation Of Subsidiary Percent
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0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.001
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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0.001
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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0.004
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.001
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0.001
CY2023 mrvi Effective Income Tax Rate Reconciliation Nondeductible Expense Tax Receivable Agreement Movement Percent
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CY2022 mrvi Effective Income Tax Rate Reconciliation Nondeductible Expense Tax Receivable Agreement Movement Percent
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0
CY2021 mrvi Effective Income Tax Rate Reconciliation Nondeductible Expense Tax Receivable Agreement Movement Percent
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0
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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1.225
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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220000 usd
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40980000 usd
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CY2023Q4 mrvi Deferred Tax Assets Deductions For Tax Receivable Agreement
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CY2022Q4 mrvi Deferred Tax Assets Deductions For Tax Receivable Agreement
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148681000 usd
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3256000 usd
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3265000 usd
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712000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
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1131000 usd
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CY2022Q4 us-gaap Deferred Tax Assets Gross
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CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Deferred Tax Assets Net
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CY2023Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
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CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2023 mrvi Effective Income Tax Rate Reconciliation Deferred Tax Liability Reversal Amount
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CY2023 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2023 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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CY2023 mrvi Business Combination Acquisition Related Tax Adjustment
BusinessCombinationAcquisitionRelatedTaxAdjustment
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CY2022 mrvi Business Combination Acquisition Related Tax Adjustment
BusinessCombinationAcquisitionRelatedTaxAdjustment
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CY2021 mrvi Business Combination Acquisition Related Tax Adjustment
BusinessCombinationAcquisitionRelatedTaxAdjustment
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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211000 usd
CY2022 mrvi Gain Loss On Tax Receivable Agreement
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CY2021 mrvi Gain Loss On Tax Receivable Agreement
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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241000 usd
CY2023 mrvi Tax Receivable Agreement Percentage Of Tax Benefits Paid
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CY2023 mrvi Assumed Effective Income Tax Rate Reconciliation Percent
AssumedEffectiveIncomeTaxRateReconciliationPercent
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CY2023 mrvi Assumed Effective Income Tax Rate Reconciliation Business Income Deduction Unavailable Percent
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0.541
CY2023Q4 mrvi Tax Distribution Payable
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CY2023 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
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2100000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
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1600000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
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1300000 usd
CY2023 mrvi Conversion Of Stock Conversion Ratio
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1
CY2021 us-gaap Number Of Reportable Segments
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CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023 us-gaap Adjustment For Amortization
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27356000 usd
CY2022 us-gaap Adjustment For Amortization
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24269000 usd
CY2021 us-gaap Adjustment For Amortization
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18339000 usd
CY2023 us-gaap Depreciation
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12898000 usd
CY2022 us-gaap Depreciation
Depreciation
7566000 usd
CY2021 us-gaap Depreciation
Depreciation
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CY2023 us-gaap Interest Expense
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45892000 usd
CY2022 us-gaap Interest Expense
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CY2021 us-gaap Interest Expense
InterestExpense
30260000 usd
CY2023 us-gaap Investment Income Interest
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27727000 usd
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
2338000 usd
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
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CY2023 mrvi Corporate Costs Net Of Eliminations
CorporateCostsNetOfEliminations
64257000 usd
CY2022 mrvi Corporate Costs Net Of Eliminations
CorporateCostsNetOfEliminations
55378000 usd
CY2021 mrvi Corporate Costs Net Of Eliminations
CorporateCostsNetOfEliminations
43265000 usd
CY2023 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
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CY2021 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 usd
CY2023 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
12695000 usd
CY2022 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
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CY2021 us-gaap Business Combination Integration Related Costs
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BusinessCombinationAcquisitionRelatedCosts
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0 usd
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ProfessionalFees
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ProfessionalFees
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CEOTransitionCosts
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CEOTransitionCosts
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CY2021 mrvi Ceo Transition Costs
CEOTransitionCosts
0 usd
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RestructuringCosts
6567000 usd
CY2022 us-gaap Restructuring Costs
RestructuringCosts
0 usd
CY2021 us-gaap Restructuring Costs
RestructuringCosts
0 usd
CY2023 us-gaap Other Adjustments To Income Discontinued Operations
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-1763000 usd
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OtherAdjustmentsToIncomeDiscontinuedOperations
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CY2021 us-gaap Other Adjustments To Income Discontinued Operations
OtherAdjustmentsToIncomeDiscontinuedOperations
0 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
617736000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
551472000 usd
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
530765000 usd
CY2023 us-gaap Income Tax Expense Benefit
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IncomeTaxExpenseBenefit
60809000 usd
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IncomeTaxExpenseBenefit
61515000 usd
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ProfitLoss
-138375000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
490663000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
469250000 usd
CY2023 mrvi Restructuring Costs Included In Share Based Payment Arrangement Expense
RestructuringCostsIncludedInShareBasedPaymentArrangementExpense
100000 usd
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
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false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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