2021 Q4 Form 10-Q Financial Statement

#000128846921000251 Filed on October 27, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q4
Revenue $247.9M $229.8M $194.7M
YoY Change 27.31% 46.7% 178.09%
Cost Of Revenue $106.1M $99.98M $111.6M
YoY Change -4.92% 10.57% 234.13%
Gross Profit $141.8M $129.8M $83.09M
YoY Change 70.64% 96.04% 126.86%
Gross Profit Margin 57.19% 56.49% 42.67%
Selling, General & Admin $33.19M $38.47M $30.00M
YoY Change 10.64% -7.72% 97.37%
% of Gross Profit 23.41% 29.64% 36.11%
Research & Development $73.32M $67.54M $70.50M
YoY Change 4.0% 21.0% 200.0%
% of Gross Profit 51.71% 52.04% 84.85%
Depreciation & Amortization $24.35M $4.700M $22.70M
YoY Change 7.28% 30.56% 37.58%
% of Gross Profit 17.18% 3.62% 27.32%
Operating Expenses $112.4M $106.0M $106.8M
YoY Change 5.28% 5.19% 141.08%
Operating Profit $29.34M $23.79M -$23.71M
YoY Change -223.72% -168.8% 208.92%
Interest Expense -$2.368M $2.649M -$4.600M
YoY Change -48.52% -25.78% 91.67%
% of Operating Profit -8.07% 11.14%
Other Income/Expense, Net $1.510M -$2.726M -$600.0K
YoY Change -351.67% -36.02% 20.0%
Pretax Income $28.48M $21.06M -$28.80M
YoY Change -198.89% -154.23% 166.67%
Income Tax $303.0K $11.80M -$4.100M
% Of Pretax Income 1.06% 56.03%
Net Earnings $28.18M $9.258M -$24.67M
YoY Change -214.2% -125.26% 204.44%
Net Earnings / Revenue 11.37% 4.03% -12.67%
Basic Earnings Per Share $0.12 -$0.33
Diluted Earnings Per Share $345.4K $0.12 -$0.33
COMMON SHARES
Basic Shares Outstanding 76.73M shares 76.58M shares 74.17M shares
Diluted Shares Outstanding 79.82M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $130.6M $169.4M $148.9M
YoY Change -12.31% 75.39% 60.63%
Cash & Equivalents $130.6M $169.4M $148.9M
Short-Term Investments
Other Short-Term Assets $9.806M $4.549M $6.985M
YoY Change 40.39% -53.05% 103.88%
Inventory $131.7M $127.3M $97.84M
Prepaid Expenses $12.19M $9.986M $7.674M
Receivables $119.7M $106.9M $67.44M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $404.1M $418.3M $361.7M
YoY Change 11.72% 19.49% 99.0%
LONG-TERM ASSETS
Property, Plant & Equipment $60.92M $53.02M $39.47M
YoY Change 54.36% 42.31% 137.59%
Goodwill $306.7M $302.8M $302.8M
YoY Change 1.27% 0.08% 27.06%
Intangibles $152.5M $163.9M $207.3M
YoY Change -26.4% -29.4% 10.26%
Long-Term Investments
YoY Change
Other Assets $8.650M $6.519M $2.191M
YoY Change 294.8% 413.31% -21.33%
Total Long-Term Assets $646.3M $635.6M $660.7M
YoY Change -2.19% -3.36% 26.09%
TOTAL ASSETS
Total Short-Term Assets $404.1M $418.3M $361.7M
Total Long-Term Assets $646.3M $635.6M $660.7M
Total Assets $1.050B $1.054B $1.022B
YoY Change 2.73% 4.58% 44.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $52.98M $63.64M $32.75M
YoY Change 61.75% 25.83% 143.65%
Accrued Expenses $57.27M $70.87M $105.8M
YoY Change -45.89% -32.33% 239.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $207.4M $231.3M $233.7M
YoY Change -11.24% 9.41% 251.04%
LONG-TERM LIABILITIES
Long-Term Debt $306.2M $326.0M $363.6M
YoY Change -15.8% -12.47% 75.73%
Other Long-Term Liabilities $23.00M $17.65M $13.21M
YoY Change 74.1% -0.47% 63.79%
Total Long-Term Liabilities $329.2M $343.7M $376.8M
YoY Change -12.65% -11.92% 75.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $207.4M $231.3M $233.7M
Total Long-Term Liabilities $329.2M $343.7M $376.8M
Total Liabilities $561.2M $596.4M $631.3M
YoY Change -11.11% -2.39% 117.05%
SHAREHOLDERS EQUITY
Retained Earnings -$170.4M -$198.6M -$212.4M
YoY Change -19.76% 5.8% 86.64%
Common Stock $657.5M $655.6M $602.1M
YoY Change 9.21% 12.08% 13.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $489.2M $457.5M $391.1M
YoY Change
Total Liabilities & Shareholders Equity $1.050B $1.054B $1.022B
YoY Change 2.73% 4.58% 44.86%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q4
OPERATING ACTIVITIES
Net Income $28.18M $9.258M -$24.67M
YoY Change -214.2% -125.26% 204.44%
Depreciation, Depletion And Amortization $24.35M $4.700M $22.70M
YoY Change 7.28% 30.56% 37.58%
Cash From Operating Activities $16.03M $84.08M $74.30M
YoY Change -78.42% -606.49% 164.41%
INVESTING ACTIVITIES
Capital Expenditures -$18.21M -$22.63M -$4.800M
YoY Change 279.31% 304.07% 60.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$18.21M -$22.63M -$4.800M
YoY Change 279.31% -86.34% 60.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.000M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -35.01M -21.81M -15.10M
YoY Change 131.83% -112.71% -1106.67%
NET CHANGE
Cash From Operating Activities 16.03M 84.08M 74.30M
Cash From Investing Activities -18.21M -22.63M -4.800M
Cash From Financing Activities -35.01M -21.81M -15.10M
Net Change In Cash -37.18M 39.64M 54.40M
YoY Change -168.35% -473.96% 104.51%
FREE CASH FLOW
Cash From Operating Activities $16.03M $84.08M $74.30M
Capital Expenditures -$18.21M -$22.63M -$4.800M
Free Cash Flow $34.24M $106.7M $79.10M
YoY Change -56.71% -1070.05% 154.34%

Facts In Submission

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us-gaap Repayments Of Secured Debt
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us-gaap Net Cash Provided By Used In Financing Activities
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<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:174%">Use of Estimates and Significant Risks and Uncertainties</span></div><div style="margin-top:9pt;text-indent:27pt"><span style="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 amounts reported in the unaudited consolidated financial statements and accompanying notes.</span></div><div style="margin-top:9pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Last year, the Company’s revenues were impacted by the novel coronavirus disease, or COVID-19, pandemic. In particular, the Company experienced some negative impact to its revenue and gross profits in the first half of 2020 due to several industry-wide dynamics related to COVID-19 including supply constraints as well as customer requests to temporarily delay shipments. Although the Company has benefited from increased demand for certain of our products from the work-from-home environment in the second half of 2020 and the first three quarters of 2021, a sudden increase in demand for electronics containing semiconductor chips and stockpiling of chips by certain firms in China blacklisted by the U.S. has exacerbated bottlenecks in the supply chain, resulting in a global semiconductor chip shortage impacting the Company’s industry. Some chip manufacturers are estimating this supply shortage may continue into 2023. While these chip manufacturers are working to increase capacity in the future, and the Company is continuing to work closely with our suppliers and customers to minimize the potential adverse impacts of the supply shortage, such shortage may have a near-term impact on the Company’s ability to meet increased demand on certain products and have a negative impact on its operating results which may continue into 2023. Heightened volatility, global supply shortages, and uncertainty in customer demand and the worldwide economy in general has continued, and the Company may experience increased volatility in its sales and revenues in the near future. However, the magnitude of such volatility on the Company’s business and its duration is uncertain and cannot be reasonably estimated at this time. </span></div>The Company also believes that its $170.6 million of cash and cash equivalents at September 30, 2021 will be sufficient to fund its projected operating requirements for at least the next twelve months. A material adverse impact from COVID-19 and the global semiconductor chip shortage could result in a need to raise additional capital or incur additional indebtedness to fund strategic initiatives or operating activities, particularly if the Company pursues additional acquisitions. The Company’s future capital requirements will depend on many factors, including changes in revenue, the expansion of engineering, sales and marketing activities, the timing and extent of expansion into new territories, the timing of introductions of new products and enhancements to existing products, the continuing market acceptance of the Company’s products and potential material investments in, or acquisitions of, complementary businesses, services or technologies. Additional funds may not be available on terms favorable to the Company or at all. If the Company is unable to raise additional funds when needed, it may not be able to sustain its operations or execute its strategic plans. The Company is not aware of any specific event or circumstance that would require an update to its estimates or adjustments to the carrying value of its assets and liabilities as of October 27, 2021, the issuance date of this Quarterly Report on Form 10-Q. Actual results could differ from those estimates, particularly if the Company experiences material impacts from COVID-19.
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Goodwill Impairment Loss
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us-gaap Goodwill Impairment Loss
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us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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200066000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
187971000 USD
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0 USD
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
81100000 USD
us-gaap Payments To Acquire Intangible Assets
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6616000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
388000 USD
us-gaap Amortization Of Intangible Assets
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49988000 USD
us-gaap Amortization Of Intangible Assets
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44425000 USD
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
86000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
156694000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
224948000 USD
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2020Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2021Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
100000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
16810000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
49014000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
37462000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
22045000 USD
CY2021Q3 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
20400000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
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1100000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
11947000 USD
CY2021Q3 mxl Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
19416000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
156694000 USD
CY2020Q4 us-gaap Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
7200000 USD
CY2019Q4 us-gaap Other Indefinite Lived Intangible Assets
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0 USD
us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
0 USD
us-gaap Indefinitelived Intangible Assets Acquired
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7200000 USD
CY2021Q3 us-gaap Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
7200000 USD
CY2020Q3 us-gaap Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
7200000 USD
CY2020Q3 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2021Q3 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents
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1100000 USD
CY2021Q3 us-gaap Inventory Work In Process
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63436000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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169424000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
148901000 USD
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
107000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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115000 USD
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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1023000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1018000 USD
CY2021Q3 mxl Cashcashequivalentsandrestrictedcash
Cashcashequivalentsandrestrictedcash
170554000 USD
CY2020Q4 mxl Cashcashequivalentsandrestrictedcash
Cashcashequivalentsandrestrictedcash
150034000 USD
CY2020Q4 us-gaap Money Market Funds At Carrying Value
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20400000 USD
CY2020Q4 us-gaap Inventory Work In Process
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35852000 USD
CY2021Q3 us-gaap Inventory Finished Goods
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63911000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
61987000 USD
CY2021Q3 us-gaap Inventory Net
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127347000 USD
CY2020Q4 us-gaap Inventory Net
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97839000 USD
CY2021Q3 us-gaap Prepaid Expense Current
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9986000 USD
CY2020Q4 us-gaap Prepaid Expense Current
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7674000 USD
CY2021Q3 us-gaap Other Receivables
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0 USD
CY2020Q4 us-gaap Other Receivables
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32762000 USD
CY2021Q3 us-gaap Other Assets Current
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4549000 USD
CY2020Q4 us-gaap Other Assets Current
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6985000 USD
CY2021Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
14535000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
47421000 USD
CY2020Q4 us-gaap Other Receivables
OtherReceivables
32800000 USD
CY2020Q4 mxl Receivable Due From Intel Reimbursement
ReceivableDueFromIntelReimbursement
4400000 USD
CY2020Q4 mxl Other Receivables Due From Intel
OtherReceivablesDueFromIntel
28400000 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
132690000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
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109300000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
79668000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
69830000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
53022000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
39470000 USD
CY2021Q3 us-gaap Depreciation
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4700000 USD
us-gaap Depreciation
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12000000 USD
CY2020Q3 us-gaap Depreciation
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3600000 USD
us-gaap Depreciation
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6900000 USD
CY2021Q3 us-gaap Long Term Investments
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5000000 USD
CY2020Q4 mxl Accrued Price Protection Liability
AccruedPriceProtectionLiability
47766000 USD
CY2019Q4 mxl Accrued Price Protection Liability
AccruedPriceProtectionLiability
12557000 USD
mxl Price Protection Rebate Charges
PriceProtectionRebateCharges
60488000 USD
mxl Price Protection Rebate Charges
PriceProtectionRebateCharges
17358000 USD
mxl Reversal Of Unclaimed Rebates
ReversalOfUnclaimedRebates
0 USD
mxl Reversal Of Unclaimed Rebates
ReversalOfUnclaimedRebates
159000 USD
mxl Price Protectionpayments
PriceProtectionpayments
58843000 USD
mxl Price Protectionpayments
PriceProtectionpayments
11722000 USD
CY2021Q3 mxl Accrued Price Protection Liability
AccruedPriceProtectionLiability
49411000 USD
CY2020Q3 mxl Accrued Price Protection Liability
AccruedPriceProtectionLiability
18034000 USD
CY2021Q3 mxl Deferred Purchase Price Payments
DeferredPurchasePricePayments
0 USD
CY2020Q4 mxl Deferred Purchase Price Payments
DeferredPurchasePricePayments
34484000 USD
CY2021Q3 mxl Payables Under Transition Services Agreement
PayablesUnderTransitionServicesAgreement
0 USD
CY2020Q4 mxl Payables Under Transition Services Agreement
PayablesUnderTransitionServicesAgreement
17420000 USD
CY2021Q3 mxl Accrued Technology License Payments Current
AccruedTechnologyLicensePaymentsCurrent
5011000 USD
CY2020Q4 mxl Accrued Technology License Payments Current
AccruedTechnologyLicensePaymentsCurrent
5821000 USD
CY2021Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
3880000 USD
CY2020Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2620000 USD
CY2021Q3 mxl Accruedengineeringandproductioncosts
Accruedengineeringandproductioncosts
12641000 USD
CY2020Q4 mxl Accruedengineeringandproductioncosts
Accruedengineeringandproductioncosts
3448000 USD
CY2021Q3 us-gaap Restructuring Reserve Current
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634000 USD
CY2020Q4 us-gaap Restructuring Reserve Current
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3628000 USD
CY2021Q3 us-gaap Accrued Royalties Current
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1478000 USD
CY2020Q4 us-gaap Accrued Royalties Current
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1965000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9071000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
8144000 USD
CY2021Q3 mxl Accruedcustomercredits
Accruedcustomercredits
1284000 USD
CY2021Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
5500000 USD
CY2020Q4 mxl Accruedcustomercredits
Accruedcustomercredits
1135000 USD
CY2020Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
1193000 USD
CY2021Q3 us-gaap Contract With Customer Liability
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1023000 USD
CY2020Q4 us-gaap Contract With Customer Liability
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29000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current
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5778000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
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13642000 USD
CY2021Q3 us-gaap Accrued Liabilities Current
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70866000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
105842000 USD
CY2020Q4 mxl Payables Under Transition Services Agreement
PayablesUnderTransitionServicesAgreement
17400000 USD
CY2020Q4 mxl Other Payables Due To Intel
OtherPayablesDueToIntel
9100000 USD
CY2020Q4 mxl Other Payables Other Accrued Expenses Due To Intel
OtherPayablesOtherAccruedExpensesDueToIntel
8300000 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-924000 USD
CY2021Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.031
CY2020Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.044
CY2021Q3 us-gaap Amortization Of Financing Costs And Discounts
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200000 USD
CY2020Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
500000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1200000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1000000 USD
CY2021Q3 us-gaap Long Term Debt Fair Value
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330700000 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
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376100000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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0 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2021Q3 mxl Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
330000000 USD
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
330000000 USD
CY2021Q3 us-gaap Debt Current
DebtCurrent
0 USD
CY2021Q3 mxl Long Term Debt Principal Non Current Portion
LongTermDebtPrincipalNonCurrentPortion
330000000 USD
CY2021Q3 mxl Aggregate Commitments Percentage
AggregateCommitmentsPercentage
0.01
CY2020Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss
100000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss
30000.00 USD
CY2021Q1 mxl Shares Issuedupon Settlementof Executive Bonus Plan
SharesIssueduponSettlementofExecutiveBonusPlan
500000 shares
CY2021Q3 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
28800000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16022000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14145000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
42943000 USD
us-gaap Allocated Share Based Compensation Expense
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33057000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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500000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P0Y9M3D
mxl Vesting Percentage Relative To Net Sales
VestingPercentageRelativeToNetSales
0.60
mxl Vesting Percentage Relative To Eps
VestingPercentageRelativeToEPS
0.40
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
797000 shares
CY2020Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
14.67
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
370000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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12.00
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
427000 shares
CY2021Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
16.97
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y6M
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
13799000 USD
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
427000 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
16.97
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P3Y5M26D
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
13799000 USD
CY2021Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
358000 shares
CY2021Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
16.69
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P3Y5M4D
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
11646000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
200000 USD
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
200000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
9200000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3400000 USD
CY2021Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
200000 USD
CY2020Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
600000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3300000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
10000000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
400000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
23400000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3600000 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11800000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2200000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5600000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-12100000 USD
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
600000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
400000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
40000.00 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
229774000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
156633000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
644509000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
283880000 USD
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1000000 USD
CY2020Q4 us-gaap Contract With Customer Right To Recover Product
ContractWithCustomerRightToRecoverProduct
600000 USD
CY2020Q4 us-gaap Contract With Customer Right To Recover Product
ContractWithCustomerRightToRecoverProduct
600000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
30000.00 USD
CY2021Q3 mxl Accrued Price Protection Liability
AccruedPriceProtectionLiability
49400000 USD
CY2020Q4 mxl Accrued Price Protection Liability
AccruedPriceProtectionLiability
47800000 USD
CY2021Q3 us-gaap Contract With Customer Right To Recover Product
ContractWithCustomerRightToRecoverProduct
1100000 USD
CY2021Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.037
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.040
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y6M
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y6M
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2813000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
9512000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5926000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4761000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4391000 USD
CY2021Q3 mxl Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
5507000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
32910000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2439000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
30471000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9071000 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
21400000 USD
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
2300000 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1400000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
7100000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
3200000 USD
CY2021Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2700000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5200000 USD
CY2020Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5200000 USD
CY2020Q3 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrentAndNoncurrent
7900000 USD
CY2021Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
100000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
300000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
100000 USD
CY2020Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
100000 USD
CY2021Q3 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
132913000 USD
CY2021Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
8100000 USD
mxl Contractual Obligation Change In Balance
ContractualObligationChangeInBalance
72500000 USD
CY2021Q3 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
48813000 USD
CY2021Q3 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
11997000 USD
CY2021Q3 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
535000 USD
CY2021Q3 us-gaap Contractual Obligation
ContractualObligation
194258000 USD
CY2021Q3 us-gaap Contractual Obligation
ContractualObligation
194300000 USD
CY2020Q4 us-gaap Contractual Obligation
ContractualObligation
121700000 USD
CY2021Q3 mxl Research And Development Arrangement Contract For A Jointly Funded Project Cumulative Proceeds Received From Other Party
ResearchAndDevelopmentArrangementContractForAJointlyFundedProjectCumulativeProceedsReceivedFromOtherParty
3800000 USD
CY2021Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000 USD
CY2021Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
24200 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
219100 shares
CY2021Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
41.6746
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
37.1564
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
8100000 USD
CY2021Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
91900000 USD

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