2024 Q3 Form 10-Q Financial Statement

#000128846924000112 Filed on July 24, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $81.10M $91.99M
YoY Change -40.16% -49.99%
Cost Of Revenue $37.02M $41.80M
YoY Change -39.89% -48.43%
Gross Profit $44.08M $50.19M
YoY Change -40.39% -51.22%
Gross Profit Margin 54.35% 54.56%
Selling, General & Admin $30.15M $33.60M
YoY Change 18.71% 1.79%
% of Gross Profit 68.41% 66.95%
Research & Development $52.60M $56.54M
YoY Change -20.66% -19.98%
% of Gross Profit 119.34% 112.66%
Depreciation & Amortization $5.800M $5.700M
YoY Change 3.57% -69.53%
% of Gross Profit 13.16% 11.36%
Operating Expenses $110.8M $91.01M
YoY Change 20.77% -12.81%
Operating Profit -$66.74M -$40.82M
YoY Change 274.58% 2619.52%
Interest Expense -$1.002M -$835.0K
YoY Change -136.91% -43.88%
% of Operating Profit
Other Income/Expense, Net -$15.76M -$506.0K
YoY Change -33.52% -118.99%
Pretax Income -$82.50M -$41.33M
YoY Change 98.7% 768.19%
Income Tax -$6.700M -$2.100M
% Of Pretax Income
Net Earnings -$75.79M -$39.27M
YoY Change 90.28% 802.46%
Net Earnings / Revenue -93.44% -42.69%
Basic Earnings Per Share -$0.90 -$0.47
Diluted Earnings Per Share -$0.90 -$0.47
COMMON SHARES
Basic Shares Outstanding 83.90M shares 83.13M shares
Diluted Shares Outstanding 84.07M shares 83.48M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $148.5M $185.1M
YoY Change -26.37% -24.47%
Cash & Equivalents $148.5M $185.1M
Short-Term Investments
Other Short-Term Assets $35.79M $32.80M
YoY Change 5.91% 19.52%
Inventory $96.06M $94.74M
Prepaid Expenses
Receivables $47.93M $84.94M
Other Receivables $0.00 $0.00
Total Short-Term Assets $328.3M $397.6M
YoY Change -35.46% -28.3%
LONG-TERM ASSETS
Property, Plant & Equipment $63.49M $65.42M
YoY Change -8.62% -39.96%
Goodwill $318.6M $318.6M
YoY Change 0.04% 0.04%
Intangibles $58.03M $61.79M
YoY Change -29.78% -32.25%
Long-Term Investments
YoY Change
Other Assets $21.81M $30.69M
YoY Change -33.54% -65.28%
Total Long-Term Assets $567.0M $575.6M
YoY Change -4.73% -5.17%
TOTAL ASSETS
Total Short-Term Assets $328.3M $397.6M
Total Long-Term Assets $567.0M $575.6M
Total Assets $895.3M $973.2M
YoY Change -18.89% -16.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.63M $35.63M
YoY Change -32.24% -22.37%
Accrued Expenses $71.20M $70.97M
YoY Change -17.48% -61.92%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $168.6M $190.3M
YoY Change -27.61% -21.28%
LONG-TERM LIABILITIES
Long-Term Debt $122.8M $122.7M
YoY Change 0.51% 0.51%
Other Long-Term Liabilities $27.56M $21.46M
YoY Change 53.42% -58.45%
Total Long-Term Liabilities $150.4M $144.1M
YoY Change 7.29% -17.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $168.6M $190.3M
Total Long-Term Liabilities $150.4M $144.1M
Total Liabilities $338.4M $355.9M
YoY Change -15.63% -14.32%
SHAREHOLDERS EQUITY
Retained Earnings -$305.9M -$230.1M
YoY Change 282.23% 472.42%
Common Stock $866.6M $853.9M
YoY Change 9.61% 8.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $556.9M $617.3M
YoY Change
Total Liabilities & Shareholders Equity $895.3M $973.2M
YoY Change -18.89% -16.21%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$75.79M -$39.27M
YoY Change 90.28% 802.46%
Depreciation, Depletion And Amortization $5.800M $5.700M
YoY Change 3.57% -69.53%
Cash From Operating Activities -$30.73M -$2.696M
YoY Change 140.24% -108.82%
INVESTING ACTIVITIES
Capital Expenditures $5.950M $5.788M
YoY Change 128.76% -54.25%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$5.950M -$5.788M
YoY Change 128.76% -54.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -58.00K 2.026M
YoY Change -99.73% 1775.93%
NET CHANGE
Cash From Operating Activities -30.73M -2.696M
Cash From Investing Activities -5.950M -5.788M
Cash From Financing Activities -58.00K 2.026M
Net Change In Cash -36.74M -6.458M
YoY Change -0.32% -135.81%
FREE CASH FLOW
Cash From Operating Activities -$30.73M -$2.696M
Capital Expenditures $5.950M $5.788M
Free Cash Flow -$36.68M -$8.484M
YoY Change 138.3% -147.32%

Facts In Submission

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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:120%">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 consolidated 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 of the consolidated financial statements. Actual results could differ from those estimates.</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 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 July 24, 2024, the issuance date of this Quarterly Report on Form 10-Q. Actual results could differ from those estimates.</span></div>
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us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024Q2 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P6Y1M6D
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
482917000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
421131000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
61786000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
479774000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
406144000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
73630000 usd
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5928000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10043000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14987000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20430000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
73630000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
109316000 usd
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
3143000 usd
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
5524000 usd
mxl Finite Lived Intangible Assets Disposals
FiniteLivedIntangibleAssetsDisposals
0 usd
mxl Finite Lived Intangible Assets Disposals
FiniteLivedIntangibleAssetsDisposals
769000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14987000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20430000 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
61786000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
91203000 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2024Q2 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2023Q2 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
2400000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
8370000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
14795000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
13966000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
10354000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5016000 usd
CY2024Q2 mxl Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
9285000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
61786000 usd
CY2024Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
2600000 usd
CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
11800000 usd
CY2024Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
11800000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
185108000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
187288000 usd
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
1006000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
1051000 usd
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
23000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
17000 usd
CY2024Q2 mxl Cashcashequivalentsandrestrictedcash
Cashcashequivalentsandrestrictedcash
186137000 usd
CY2023Q4 mxl Cashcashequivalentsandrestrictedcash
Cashcashequivalentsandrestrictedcash
188356000 usd
CY2024Q2 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
112400000 usd
CY2023Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
78100000 usd
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1000000.0 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1100000 usd
CY2024Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
58455000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
60368000 usd
CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
36283000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
39540000 usd
CY2024Q2 us-gaap Inventory Net
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94738000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
99908000 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
190768000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
182609000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
125346000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
116178000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
65422000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
66431000 usd
CY2024Q2 us-gaap Depreciation
Depreciation
5700000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
6500000 usd
us-gaap Depreciation
Depreciation
11200000 usd
us-gaap Depreciation
Depreciation
12900000 usd
CY2022Q1 mxl Proceeds Loaned Under Notes Receivable
ProceedsLoanedUnderNotesReceivable
10000000 usd
CY2023Q3 mxl First Initial Repayments Of Notes Receivable Due To The Company Annually
FirstInitialRepaymentsOfNotesReceivableDueToTheCompanyAnnually
1500000 usd
CY2023Q3 mxl Repayments Of Notes Receivable Due To The Company Annually
RepaymentsOfNotesReceivableDueToTheCompanyAnnually
1700000 usd
CY2024Q2 mxl Proceeds Loaned Under Notes Receivable Current
ProceedsLoanedUnderNotesReceivableCurrent
1500000 usd
CY2023Q3 mxl Repayments Of Notes Receivable Due To The Company Annually
RepaymentsOfNotesReceivableDueToTheCompanyAnnually
2000000 usd
CY2023Q4 mxl Accrued Price Protection Liability
AccruedPriceProtectionLiability
71684000 usd
CY2022Q4 mxl Accrued Price Protection Liability
AccruedPriceProtectionLiability
113274000 usd
mxl Price Protection Rebate Charges
PriceProtectionRebateCharges
23266000 usd
mxl Price Protection Rebate Charges
PriceProtectionRebateCharges
37726000 usd
mxl Price Protectionpayments
PriceProtectionpayments
33320000 usd
mxl Price Protectionpayments
PriceProtectionpayments
70867000 usd
CY2024Q2 mxl Accrued Price Protection Liability
AccruedPriceProtectionLiability
61630000 usd
CY2023Q2 mxl Accrued Price Protection Liability
AccruedPriceProtectionLiability
80133000 usd
CY2023Q4 mxl Accrued Price Protection Liability
AccruedPriceProtectionLiability
71700000 usd
CY2024Q2 mxl Accrued Price Protection Liability
AccruedPriceProtectionLiability
61600000 usd
CY2024Q2 mxl Accrued Technology License Payments Current
AccruedTechnologyLicensePaymentsCurrent
3627000 usd
CY2023Q4 mxl Accrued Technology License Payments Current
AccruedTechnologyLicensePaymentsCurrent
3843000 usd
CY2024Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
4173000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
3736000 usd
CY2024Q2 mxl Accrued Engineering And Production Costs
AccruedEngineeringAndProductionCosts
6767000 usd
CY2023Q4 mxl Accrued Engineering And Production Costs
AccruedEngineeringAndProductionCosts
2861000 usd
CY2024Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
10823000 usd
CY2023Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
8301000 usd
CY2024Q2 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
400000 usd
CY2023Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
603000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9625000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9132000 usd
CY2024Q2 mxl Accrued Customer Credits
AccruedCustomerCredits
3711000 usd
CY2023Q4 mxl Accrued Customer Credits
AccruedCustomerCredits
3984000 usd
CY2024Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
392000 usd
CY2023Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
521000 usd
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2614000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1597000 usd
CY2024Q2 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
2600000 usd
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
2462000 usd
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5571000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
6242000 usd
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
70965000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
98468000 usd
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-2725000 usd
CY2024Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.079
CY2023Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.076
CY2024Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
200000 usd
CY2023Q2 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
200000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
300000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
300000 usd
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
125000000.0 usd
CY2024Q2 mxl Aggregate Commitments Percentage
AggregateCommitmentsPercentage
0.01
CY2024Q1 mxl Shares Issued Upon Settlement Of Executive Bonus Plan
SharesIssuedUponSettlementOfExecutiveBonusPlan
400000 shares
CY2024Q2 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
4800000 usd
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17359000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17197000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
34420000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
33645000 usd
mxl Vesting Percentage Relative To Net Sales
VestingPercentageRelativeToNetSales
0.60
mxl Vesting Percentage Relative To Eps
VestingPercentageRelativeToEPS
0.40
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
375000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.29
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2688000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
19.45
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
39000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
7.68
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
1000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
23.75
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3023000 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
19.33
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y8M12D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
5884000 usd
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
2785000 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
19.32
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y7M13D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
5447000 usd
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
335000 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
18.40
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y1M9D
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
965000 usd
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
100000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
500000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
200000 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
0 usd
CY2023Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
100000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
800000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
300000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2100000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-400000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3800000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15200000 usd
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-300000 usd
CY2024Q2 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
100000 usd
CY2024Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
4000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
91990000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
183938000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
187259000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
432380000 usd
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2600000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1600000 usd
CY2024Q2 mxl Accrued Price Protection Liability
AccruedPriceProtectionLiability
61600000 usd
CY2023Q4 mxl Accrued Price Protection Liability
AccruedPriceProtectionLiability
71700000 usd
CY2024Q2 us-gaap Contract With Customer Right To Recover Product
ContractWithCustomerRightToRecoverProduct
45000 usd
CY2023Q4 us-gaap Contract With Customer Right To Recover Product
ContractWithCustomerRightToRecoverProduct
100000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2024Q2 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.047
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.046
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y7M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y10M24D
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
5501000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
10647000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8293000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5952000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2455000 usd
CY2024Q2 mxl Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
1596000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
34444000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3297000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
31147000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9625000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
21522000 usd
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
2500000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
2500000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
5100000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
5400000 usd
CY2024Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
300000 usd
CY2023Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12000000.0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1200000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12200000 usd
CY2024Q2 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
DefinedBenefitPlanAmountsRecognizedInBalanceSheet
400000 usd
CY2023Q4 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
DefinedBenefitPlanAmountsRecognizedInBalanceSheet
1400000 usd
CY2024Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
48000 usd
CY2023Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
100000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
200000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
100000 usd
CY2024Q2 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
36332000 usd
CY2024Q2 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
43999000 usd
CY2024Q2 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
18972000 usd
CY2024Q2 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
3673000 usd
CY2024Q2 us-gaap Contractual Obligation
ContractualObligation
102976000 usd
CY2024Q2 mxl Research And Development Arrangement Contract For A Jointly Funded Project Cumulative Proceeds Received From Other Party Deferred In Liabilities
ResearchAndDevelopmentArrangementContractForAJointlyFundedProjectCumulativeProceedsReceivedFromOtherPartyDeferredInLiabilities
15000000 usd
CY2021Q1 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
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us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
55000000.0 usd
CY2024Q1 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
0 shares
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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