$OLED
UNIVERSAL DISPLAY CORP \PA\

2022 Q3 Form 10-Q Financial Statement

#000095017022014730 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $160.6M $136.6M $150.5M
YoY Change 11.79% 5.32% 12.29%
Cost Of Revenue $37.40M $27.24M $33.16M
YoY Change 18.79% -2.61% 42.34%
Gross Profit $123.2M $109.3M $117.3M
YoY Change 9.83% 7.5% 5.97%
Gross Profit Margin 76.71% 80.05% 77.96%
Selling, General & Admin $18.44M $19.87M $21.06M
YoY Change -12.01% -1.83% 28.4%
% of Gross Profit 14.97% 18.17% 17.95%
Research & Development $30.41M $28.20M $26.55M
YoY Change 20.09% 17.0% 13.9%
% of Gross Profit 24.69% 25.79% 22.63%
Depreciation & Amortization $6.500M $5.900M $5.600M
YoY Change 22.64% 20.41% 30.23%
% of Gross Profit 5.28% 5.4% 4.77%
Operating Expenses $54.70M $56.01M $55.06M
YoY Change 0.53% 8.13% 16.78%
Operating Profit $68.46M $53.31M $62.25M
YoY Change 18.6% 6.85% -2.06%
Interest Expense $2.432M $1.583M $291.0K
YoY Change 1675.18% 2010.67% 191.0%
% of Operating Profit 3.55% 2.97% 0.47%
Other Income/Expense, Net $1.628M $1.672M $257.0K
YoY Change 4551.43% 464.86% 33.85%
Pretax Income $70.09M $54.99M $62.51M
YoY Change 21.34% 9.55% -1.95%
Income Tax $16.60M $13.50M $12.50M
% Of Pretax Income 23.68% 24.55% 20.0%
Net Earnings $53.46M $41.50M $49.97M
YoY Change 15.93% 2.37% -3.32%
Net Earnings / Revenue 33.29% 30.39% 33.21%
Basic Earnings Per Share $1.12 $0.87 $1.05
Diluted Earnings Per Share $1.12 $0.87 $1.05
COMMON SHARES
Basic Shares Outstanding 47.23M 47.39M 47.37M
Diluted Shares Outstanding 47.47M 47.46M 47.44M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $688.8M $653.3M $682.5M
YoY Change -12.69% -10.92% -6.12%
Cash & Equivalents $187.8M $213.9M $357.4M
Short-Term Investments $501.1M $439.4M $325.1M
Other Short-Term Assets $30.01M $38.24M $29.12M
YoY Change -38.1% -30.66% -26.46%
Inventory $180.2M $165.6M $143.2M
Prepaid Expenses
Receivables $78.19M $74.93M $104.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $977.2M $932.2M $959.8M
YoY Change -7.39% -6.12% 0.05%
LONG-TERM ASSETS
Property, Plant & Equipment $137.7M $138.0M $131.9M
YoY Change 15.74% 21.95% 22.32%
Goodwill $15.54M $15.54M $15.54M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $173.9M $200.1M $164.1M
YoY Change 1945.54% 2254.61% 1830.94%
Other Assets $133.4M $128.2M $126.2M
YoY Change 0.24% -4.07% -3.43%
Total Long-Term Assets $553.1M $567.3M $527.4M
YoY Change 48.11% 58.54% 50.18%
TOTAL ASSETS
Total Short-Term Assets $977.2M $932.2M $959.8M
Total Long-Term Assets $553.1M $567.3M $527.4M
Total Assets $1.530B $1.499B $1.487B
YoY Change 7.12% 11.01% 13.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.36M $14.05M $27.06M
YoY Change 22.1% 35.94% 84.11%
Accrued Expenses $49.98M $38.76M $26.96M
YoY Change 16.94% 32.5% 25.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $138.2M $155.2M $178.3M
YoY Change -23.33% -4.52% 7.19%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $86.23M $80.71M $78.46M
YoY Change -1.87% -58.94% -59.07%
Total Long-Term Liabilities $86.23M $80.71M $78.46M
YoY Change -1.87% -58.94% -59.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $138.2M $155.2M $178.3M
Total Long-Term Liabilities $86.23M $80.71M $78.46M
Total Liabilities $318.5M $334.1M $355.9M
YoY Change -18.81% -6.95% -0.58%
SHAREHOLDERS EQUITY
Retained Earnings $602.4M $563.2M $535.9M
YoY Change 29.88%
Common Stock $491.0K $491.0K $491.0K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $41.28M $41.28M $41.28M
YoY Change 0.0%
Treasury Stock Shares $1.366M $1.366M $1.366M
Shareholders Equity $1.212B $1.165B $1.131B
YoY Change
Total Liabilities & Shareholders Equity $1.530B $1.499B $1.487B
YoY Change 7.12% 11.01% 13.49%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $53.46M $41.50M $49.97M
YoY Change 15.93% 2.37% -3.32%
Depreciation, Depletion And Amortization $6.500M $5.900M $5.600M
YoY Change 22.64% 20.41% 30.23%
Cash From Operating Activities $38.04M $33.52M $52.61M
YoY Change -49.42% 13.19% 78.36%
INVESTING ACTIVITIES
Capital Expenditures -$14.53M -$10.59M $10.75M
YoY Change 64.61% -2.55% 8.18%
Acquisitions
YoY Change
Other Investing Activities -$35.51M -$151.7M $25.33M
YoY Change -43.78% -20.05% -73.56%
Cash From Investing Activities -$50.04M -$162.3M $14.56M
YoY Change -30.48% -19.06% -82.98%
FINANCING ACTIVITIES
Cash Dividend Paid $14.25M
YoY Change 50.16%
Common Stock Issuance & Retirement, Net $403.0K
YoY Change 15.8%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -14.15M -14.75M -21.74M
YoY Change 28.78% 18.95% 15.8%
NET CHANGE
Cash From Operating Activities 38.04M 33.52M 52.61M
Cash From Investing Activities -50.04M -162.3M 14.56M
Cash From Financing Activities -14.15M -14.75M -21.74M
Net Change In Cash -26.15M -143.5M 45.43M
YoY Change 237.06% -21.7% -52.81%
FREE CASH FLOW
Cash From Operating Activities $38.04M $33.52M $52.61M
Capital Expenditures -$14.53M -$10.59M $10.75M
Free Cash Flow $52.58M $44.11M $41.86M
YoY Change -37.44% 8.97% 114.01%

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us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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1018000
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2247000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2022Q2 oled Issuance Of Common Stock To Board Of Directors And Scientific Advisory Board Value
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CY2021Q2 us-gaap Dividends Cash
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CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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3384000
CY2021Q2 oled Issuance Of Common Stock To Board Of Directors And Scientific Advisory Board Value
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374000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
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us-gaap Net Income Loss
NetIncomeLoss
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ContractWithCustomerLiabilityAmortizationOfDeferredRevenueAndRecognitionOfUnbilledReceivables
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us-gaap Depreciation
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us-gaap Depreciation
Depreciation
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us-gaap Amortization Of Intangible Assets
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us-gaap Inventory Write Down
InventoryWriteDown
688000
us-gaap Inventory Write Down
InventoryWriteDown
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us-gaap Amortization Of Debt Discount Premium
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-1027000
us-gaap Amortization Of Debt Discount Premium
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us-gaap Share Based Compensation
ShareBasedCompensation
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oled Stock Based Compensation To Board Of Directors And Scientific Advisory Board
StockBasedCompensationToBoardOfDirectorsAndScientificAdvisoryBoard
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Pension And Other Postretirement Benefit Expense
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us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Finished Goods And Work In Process Inventories
IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories
32163000
us-gaap Increase Decrease In Finished Goods And Work In Process Inventories
IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories
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us-gaap Increase Decrease In Other Noncurrent Assets
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us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
15005000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
13030000
us-gaap Increase Decrease In Other Current Assets
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Other Current Liabilities
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us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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us-gaap Increase Decrease In Other Noncurrent Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Intangible Assets
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us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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us-gaap Payments To Acquire Short Term Investments
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us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
193951000
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
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us-gaap Proceeds From Sale Of Short Term Investments
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Common Stock
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8844000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
13018000
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
213896000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
542914000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-7095000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-35000
oled Other Significant Non Cash Transaction Increase Decrease In Accounts Payable And Accrued Expenses Related To Purchases Of Property And Equipment
OtherSignificantNonCashTransactionIncreaseDecreaseInAccountsPayableAndAccruedExpensesRelatedToPurchasesOfPropertyAndEquipment
611000
oled Other Significant Non Cash Transaction Increase Decrease In Accounts Payable And Accrued Expenses Related To Purchases Of Property And Equipment
OtherSignificantNonCashTransactionIncreaseDecreaseInAccountsPayableAndAccruedExpensesRelatedToPurchasesOfPropertyAndEquipment
366000
us-gaap Nature Of Operations
NatureOfOperations
<p style="text-indent:-4.749%;padding-left:4.533%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">1. BUSINESS:</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Universal Display Corporation and its subsidiaries (the Company) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. OLEDs are thin, lightweight and power-efficient solid-state devices that emit light and can be manufactured on both flexible and rigid substrates, making them highly suitable for use in full-color displays and as lighting products. OLED displays are capturing a growing share of the display market, especially in the mobile phone, television, wearable, tablet, notebook and personal computer, augmented reality (AR), virtual reality (VR) and automotive markets. The Company believes this is because OLEDs offer potential advantages over competing display technologies with respect to power efficiency, contrast ratio, viewing angle, video response time, form factor and manufacturing cost. The Company also believes that OLED lighting products have the potential to replace many existing light sources in the future because of their high-power efficiency, excellent color rendering index, low operating temperature and novel form factor. The Company’s technology leadership, intellectual property position, and more than 20 years of experience working closely with leading OLED display manufacturers are some of the competitive advantages that should enable the Company to continue to share in the revenues from OLED displays and lighting products as they gain wider acceptance.</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">The Company’s primary business strategy is to (1) develop new OLED materials and sell existing and new materials to product manufacturers of products for display applications, such as mobile phones, televisions, wearables, tablets, portable media devices, notebook computers, personal computers and automotive applications, and specialty and general lighting products; and (2) further develop and either license or otherwise commercialize the Company’s proprietary OLED material, device design and manufacturing technologies to those manufacturers. The Company has established a significant portfolio of proprietary OLED technologies and materials, primarily through internal research and development efforts and acquisitions of patents and patent applications, as well as maintaining long-standing, and establishing new relationships with world-class universities, research institutions and strategic manufacturing partnerships. The Company currently owns, exclusively licenses or has the sole right to sublicense more than </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">5,500</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> patents issued and pending worldwide.</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">The Company manufactures and sells its proprietary OLED materials to customers for evaluation and use in commercial OLED products. The Company also enters into agreements with manufacturers of OLED display and lighting products under which it grants them licenses to practice under the Company’s patents and to use the Company's proprietary know-how. At the same time, the Company works with these and other companies that are evaluating the Company's OLED material, device design and manufacturing technologies for possible use in commercial OLED display and lighting products.</span></p>
CY2022Q2 oled Number Of Patents Issued And Pending Application
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5500000
CY2021Q2 us-gaap Inventory Write Down
InventoryWriteDown
450000
us-gaap Inventory Write Down
InventoryWriteDown
688000
us-gaap Inventory Write Down
InventoryWriteDown
1100000
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
241909000
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
16065000
CY2022Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
57067000
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
42868000
us-gaap Use Of Estimates
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<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Management’s Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The estimates made are principally in the areas of revenue recognition including estimates of material unit sales and royalties, the useful life of acquired intangibles, lease liabilities, right-of-use assets, the use and recoverability of inventories, intangibles, investments and income taxes including realization of deferred tax assets, stock-based compensation and retirement benefit plan liabilities. Actual results could differ from those estimates.</span></p>
CY2022Q2 us-gaap Inventory Net
InventoryNet
165635000
us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
Recognized income tax positions are measured at the largest amount of which the likelihood of realization is greater than 50%.
CY2021Q4 us-gaap Inventory Net
InventoryNet
134160000
CY2022Q2 us-gaap Inventory Write Down
InventoryWriteDown
604000
CY2022Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
213896000
CY2022Q2 oled Cash Equivalents Gross Unrealized Gain
CashEquivalentsGrossUnrealizedGain
0
CY2022Q2 oled Cash Equivalents Gross Unrealized Losses
CashEquivalentsGrossUnrealizedLosses
0
CY2022Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
213896000
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
311993000
CY2021Q4 oled Cash Equivalents Gross Unrealized Gain
CashEquivalentsGrossUnrealizedGain
0
CY2021Q4 oled Cash Equivalents Gross Unrealized Losses
CashEquivalentsGrossUnrealizedLosses
0
CY2021Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
311993000
CY2022Q2 oled Number Of Minority Investments
NumberOfMinorityInvestments
4
CY2022Q2 oled Minority Investment Carrying Value
MinorityInvestmentCarryingValue
15000000.0
CY2022Q2 oled Number Of Convertible Note Investments
NumberOfConvertibleNoteInvestments
1
CY2022Q2 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
0
CY2021Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
0
CY2022Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
92032000
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us-gaap Debt Conversion Converted Instrument Shares Issued1
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21700000
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13200000
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138028000
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1
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0.245
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0.192
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EffectiveIncomeTaxRateContinuingOperations
0.221
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9700000
us-gaap Income Tax Expense Benefit
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26000000.0
CY2022Q2 us-gaap Accounts Receivable Net Current
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74933000
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12393000
CY2022Q2 us-gaap Deferred Revenue Current
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99106000
CY2022Q2 us-gaap Deferred Revenue Noncurrent
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30021000
CY2022Q2 oled Backlog Associated With Committed Purchase Orders From Customers
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23900000
CY2021Q4 us-gaap Unbilled Contracts Receivable
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CY2021Q4 us-gaap Deferred Revenue
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us-gaap Contract With Customer Liability Revenue Recognized
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110258000
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us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
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10672000
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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47299627
us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q2 us-gaap Unbilled Contracts Receivable
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CY2022Q2 us-gaap Deferred Revenue
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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47284773
CY2022Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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4507000
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CY2021Q2 us-gaap Unbilled Contracts Receivable
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40541000
us-gaap Net Income Loss
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CY2022Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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235000
CY2021Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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41267000
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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40294000
us-gaap Net Income Loss Available To Common Stockholders Basic
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90915000
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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369
CY2022Q2 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
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CY2021Q2 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
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us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
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us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
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62454
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47457892
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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47451354
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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173707
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0

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