2023 Q1 Form 10-K Financial Statement

#000095017023005585 Filed on March 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $107.6M $115.5M $450.9M
YoY Change 9.71% -10.14% -3.67%
Cost Of Revenue $26.61M $27.11M $105.0M
YoY Change 6.09% -16.83% -8.04%
Gross Profit $81.04M $88.41M $345.9M
YoY Change 10.95% -7.87% -2.26%
Gross Profit Margin 75.28% 76.53% 76.71%
Selling, General & Admin $73.83M $68.29M $283.8M
YoY Change 16.13% 1.55% 13.43%
% of Gross Profit 91.11% 77.25% 82.06%
Research & Development $11.20M $11.40M $39.76M
YoY Change 30.45% 37.95% 29.34%
% of Gross Profit 13.82% 12.89% 11.5%
Depreciation & Amortization $2.694M $2.735M $5.845M
YoY Change 4.91% -8.65% -45.53%
% of Gross Profit 3.32% 3.09% 1.69%
Operating Expenses $85.04M $79.69M $323.6M
YoY Change 17.84% 5.53% 15.17%
Operating Profit -$4.001M $8.718M $22.30M
YoY Change -558.83% -57.37% -69.41%
Interest Expense $649.0K $30.00K $2.009M
YoY Change -188.06% -103.52% -127.76%
% of Operating Profit 0.34% 9.01%
Other Income/Expense, Net -$626.0K $6.000K -$2.022M
YoY Change 20766.67% -166.67% 15453.85%
Pretax Income -$4.627M $8.754M $20.28M
YoY Change -3605.3% -55.31% -68.2%
Income Tax -$1.658M $1.268M $4.750M
% Of Pretax Income 14.48% 23.42%
Net Earnings -$2.969M $7.486M $15.53M
YoY Change -3512.64% -85.52% -83.63%
Net Earnings / Revenue -2.76% 6.48% 3.44%
Basic Earnings Per Share -$0.02 $0.12
Diluted Earnings Per Share -$0.02 $0.06 $0.12
COMMON SHARES
Basic Shares Outstanding 131.2M 130.9M 130.1M
Diluted Shares Outstanding 131.1M 132.4M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $88.69M $102.5M $102.5M
YoY Change -17.8% -10.05% -10.05%
Cash & Equivalents $88.69M $102.5M
Short-Term Investments
Other Short-Term Assets $10.57M $5.898M $5.898M
YoY Change 36.54% 5.93% 5.93%
Inventory $25.54M $24.78M $24.78M
Prepaid Expenses $9.847M $5.086M
Receivables $92.02M $89.45M $89.45M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $216.8M $222.6M $222.6M
YoY Change -0.47% -1.93% -1.93%
LONG-TERM ASSETS
Property, Plant & Equipment $106.6M $102.5M $145.7M
YoY Change -19.05% -20.14% 13.52%
Goodwill $28.77M $28.77M
YoY Change 0.0%
Intangibles $19.56M $20.79M
YoY Change -19.02%
Long-Term Investments
YoY Change
Other Assets $1.463M $1.520M $31.53M
YoY Change -95.63% -95.47% -5.96%
Total Long-Term Assets $229.3M $226.8M $226.8M
YoY Change 4.97% 4.84% 4.84%
TOTAL ASSETS
Total Short-Term Assets $216.8M $222.6M $222.6M
Total Long-Term Assets $229.3M $226.8M $226.8M
Total Assets $446.1M $449.4M $449.4M
YoY Change 2.25% 1.38% 1.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.31M $32.33M $32.33M
YoY Change 8.5% 10.19% 10.19%
Accrued Expenses $28.60M $26.45M $38.16M
YoY Change -35.29% -45.33% -21.12%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.009M $4.538M $4.538M
YoY Change 55.22% 58.89% 58.89%
Total Short-Term Liabilities $76.08M $75.02M $75.02M
YoY Change -0.93% -8.51% -8.51%
LONG-TERM LIABILITIES
Long-Term Debt $64.86M $66.23M $66.23M
YoY Change -7.17% -6.41% -6.41%
Other Long-Term Liabilities $1.145M $1.122M $42.44M
YoY Change -97.53% -97.68% -12.41%
Total Long-Term Liabilities $1.145M $1.122M $108.7M
YoY Change -99.02% -99.06% -8.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $76.08M $75.02M $75.02M
Total Long-Term Liabilities $1.145M $1.122M $108.7M
Total Liabilities $182.4M $183.7M $183.7M
YoY Change -5.51% -8.71% -8.71%
SHAREHOLDERS EQUITY
Retained Earnings -$48.89M -$45.30M
YoY Change -20.83% -25.53%
Common Stock $312.6M $311.0M
YoY Change 2.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $263.7M $265.7M $265.7M
YoY Change
Total Liabilities & Shareholders Equity $446.1M $449.4M $449.4M
YoY Change 2.25% 1.38% 1.38%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$2.969M $7.486M $15.53M
YoY Change -3512.64% -85.52% -83.63%
Depreciation, Depletion And Amortization $2.694M $2.735M $5.845M
YoY Change 4.91% -8.65% -45.53%
Cash From Operating Activities -$5.077M $7.800M $24.86M
YoY Change -459.82% -56.54% -59.89%
INVESTING ACTIVITIES
Capital Expenditures $7.562M $10.66M $33.90M
YoY Change -213.34% -303.86% -208.58%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$7.562M -$10.66M -$33.90M
YoY Change 13.34% 103.86% 8.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.236M -1.875M -2.199M
YoY Change 61.57% 104.47% 112.26%
NET CHANGE
Cash From Operating Activities -5.077M 7.800M 24.86M
Cash From Investing Activities -7.562M -10.66M -33.90M
Cash From Financing Activities -1.236M -1.875M -2.199M
Net Change In Cash -13.88M -4.731M -11.24M
YoY Change 130.25% -140.08% -137.81%
FREE CASH FLOW
Cash From Operating Activities -$5.077M $7.800M $24.86M
Capital Expenditures $7.562M $10.66M $33.90M
Free Cash Flow -$12.64M -$2.856M -$9.039M
YoY Change -256.37% -112.32% -109.7%

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DeferredInterestExpense
2133000
CY2020 orgo Noncash Deferred Rent Expense And Lease Incentive Obligation
NoncashDeferredRentExpenseAndLeaseIncentiveObligation
1273000
CY2020 orgo Gain Loss On Deferred Acquisition Consideration Settlement
GainLossOnDeferredAcquisitionConsiderationSettlement
2246000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1980000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-31976000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
112000
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-4482000
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1407000
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-201000
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1781000
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2999000
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1183000
CY2022 orgo Adjustment For Excess And Obsolete Inventories
AdjustmentForExcessAndObsoleteInventories
-9648000
CY2021 orgo Adjustment For Excess And Obsolete Inventories
AdjustmentForExcessAndObsoleteInventories
-12079000
CY2020 orgo Adjustment For Excess And Obsolete Inventories
AdjustmentForExcessAndObsoleteInventories
-3050000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
6552000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
3864000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
1661000
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1883000
CY2021 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-3985000
CY2020 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
203000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8770000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
28654000
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
17567000
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
9410000
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
9302000
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6700000
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
378000
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
34000
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
355000
CY2022 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
7006000
CY2021 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
6156000
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3260000
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3847000
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-4102000
CY2022 orgo Increase Decrease In Accrued Liabilities And Other Current Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentLiabilities
-11850000
CY2021 orgo Increase Decrease In Accrued Liabilities And Other Current Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentLiabilities
9354000
CY2020 orgo Increase Decrease In Accrued Liabilities And Other Current Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentLiabilities
1443000
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
72000
CY2021 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-6065000
CY2020 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-476000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5466000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
33898000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31220000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17678000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
24859000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
61978000
CY2020 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
5820000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-33898000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-31220000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-23498000
CY2021 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-10000000
CY2020 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-23484000
CY2021 us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
-60000000
CY2020 us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
10000000
CY2021 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
73174000
CY2022 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
2813000
CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
938000
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
64729000
CY2020 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
5656000
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
200000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2630000
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2427000
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2070000
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2198000
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2823000
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
648000
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
737000
CY2022 orgo Payments Of Deferred Acquisition Consideration
PaymentsOfDeferredAcquisitionConsideration
608000
CY2021 orgo Payments Of Deferred Acquisition Consideration
PaymentsOfDeferredAcquisitionConsideration
483000
CY2020 orgo Payments Of Deferred Acquisition Consideration
PaymentsOfDeferredAcquisitionConsideration
3517000
CY2021 orgo Payment To Extinguish Debt
PaymentToExtinguishDebt
1620000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2199000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1036000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
42468000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-11238000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
29722000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
24436000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
114528000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
84806000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
60370000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
103290000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
114528000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
84806000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
2649000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
5787000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
9609000
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
1201000
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
607000
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
61000
CY2020 orgo Reimbursement Of Offering Expenses Included In Prepaid Expenses And Other Current Assets
ReimbursementOfOfferingExpensesIncludedInPrepaidExpensesAndOtherCurrentAssets
1009000
CY2020 orgo Non Cash Or Part Non Cash Acquisition Non Cash Financial Or Equity Instrument Consideration Shares Issued
NonCashOrPartNonCashAcquisitionNonCashFinancialOrEquityInstrumentConsiderationSharesIssued
7986000
CY2022 orgo Deferred Acquisition Consideration And Earnout Liability For Business Acquisition
DeferredAcquisitionConsiderationAndEarnoutLiabilityForBusinessAcquisition
828000
CY2020 orgo Deferred Acquisition Consideration And Earnout Liability For Business Acquisition
DeferredAcquisitionConsiderationAndEarnoutLiabilityForBusinessAcquisition
5218000
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1928000
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3750000
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2391000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1350000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
53793000
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2022Q1 orgo Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
34119000
CY2021Q4 orgo Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
37289000
CY2022Q1 us-gaap Liabilities Current
LiabilitiesCurrent
78492000
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
82705000
CY2022Q1 us-gaap Liabilities
Liabilities
194744000
CY2021Q4 us-gaap Liabilities
Liabilities
201924000
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-61746000
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-60833000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
241528000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
241335000
CY2022Q1 us-gaap Revenues
Revenues
97117000
CY2021 us-gaap Revenues
Revenues
467359000
CY2022Q1 us-gaap Gross Profit
GrossProfit
72037000
CY2021 us-gaap Gross Profit
GrossProfit
353160000
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-128000
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
72218000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-868000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
63086000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-913000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
94202000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-913000
CY2021 us-gaap Profit Loss
ProfitLoss
94202000
CY2022Q1 orgo Increase Decrease In Accrued Liabilities And Other Current Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentLiabilities
-3828000
CY2021 orgo Increase Decrease In Accrued Liabilities And Other Current Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherCurrentLiabilities
9354000
CY2022Q1 us-gaap Revenues
Revenues
97117000
CY2021 us-gaap Revenues
Revenues
467359000
CY2022Q1 us-gaap Administrative Fees Expense
AdministrativeFeesExpense
1619000
CY2021 us-gaap Administrative Fees Expense
AdministrativeFeesExpense
3663000
CY2022Q1 orgo Puraply Revenue
PuraplyRevenue
52800000
CY2021 orgo Puraply Revenue
PuraplyRevenue
198050000
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;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:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Use of Estimates</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;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:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported results of operations during the reporting periods. In preparing the consolidated financial statements, the estimates and assumptions that management considers to be significant and that present the greatest amount of uncertainty include revenue recognition; sales returns and credit losses; inventory reserve; recognition and measurement of current and deferred income tax assets and liabilities; the assessment of recoverability of long-lived assets, assessing impairment of goodwill; valuation of assets and liabilities that use unobservable inputs, and the valuation and recognition of stock-based compensation. Actual results and outcomes may differ significantly from those estimates and assumptions.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p>
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
812000
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
599000
CY2022 orgo Summaryofestimatedusefullivesofpropertyplantandequipmenttabletextblock
Summaryofestimatedusefullivesofpropertyplantandequipmenttabletextblock
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">  </span></p> <table style="margin-left:auto;border-spacing:0;table-layout:fixed;width:60.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:49.167%;"/> <td style="width:1.667%;"/> <td style="width:49.167%;"/> </tr> <tr style="height:10.0pt;"> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;vertical-align:top;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;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:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Leasehold improvements</span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;"><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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Lesser of the life of the lease or the economic life of the asset</span></span></p></td> </tr> <tr style="height:10.0pt;"> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:pre-wrap;vertical-align:top;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;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:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Building</span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:pre-wrap;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;"><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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">30</span></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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> years</span></p></td> </tr> <tr style="height:10.0pt;"> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;vertical-align:top;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;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:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Furniture and computers</span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;"><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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">3</span></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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> - </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;"><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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">5</span></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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> years</span></p></td> </tr> <tr style="height:10.0pt;"> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:pre-wrap;vertical-align:top;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;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:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Equipment</span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:pre-wrap;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p></td> <td style="background-color:rgba(255,255,255,1);word-break:break-word;white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;"><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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">5</span></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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> - </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;"><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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">10</span></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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> years</span></p></td> </tr> </table>
CY2022 us-gaap Goodwill Impairment Loss
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0
CY2022 us-gaap Goodwill Impairment Loss
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GoodwillImpairmentLoss
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CY2022 us-gaap Administrative Fees Expense
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CY2022 us-gaap Revenues
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CY2021 us-gaap Revenues
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CY2020 us-gaap Revenues
Revenues
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CY2021 orgo Change In Valuation Allowance
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CY2022 orgo Emerginggrowthcompanypolicytextblock
Emerginggrowthcompanypolicytextblock
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;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:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Emerging Growth Company</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;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:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Before December 31, 2021, the Company was an “emerging growth company,” as defined in the Jumpstart Our Business Startups Act of 2012, or the JOBS Act. Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period afforded by the JOBS Act for the implementation of new or revised accounting standards. The Company elected to use the extended transition period for complying with new or revised accounting standards (such as ASU 2016-02, </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:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Leases </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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">(Topic 842)) and, as a result of this election, the Company’s financial statements prior to 2021 may not be comparable to companies that comply with public company effective dates. Effective December 31, 2021, the Company is no longer an emerging growth company.</span></p>
CY2022 orgo Recentlyadoptedaccountingpronouncementspolicytextblock
Recentlyadoptedaccountingpronouncementspolicytextblock
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;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:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Recently Adopted Accounting Pronouncements</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;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:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting (“ASU 2020-04”). ASU 2020-04 provides temporary optional expedients and exceptions to the US GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates. In January 2021, the FASB issued ASU No. 2021-01, Reference Rate Reform (Topic 848): Scope (“ASU 2021-01”), to clarify certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting to apply to derivatives that are affected by the discounting transition. Both ASU 2020-04 and ASU 2021-01 are effective upon issuance through December 31, 2022.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;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:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">In December 2022, the Company executed an amendment to its debt agreement, replacing LIBOR with the secured overnight financing rate (“SOFR”). The Company utilized the relief provided in these ASUs. As the amendment did not affect the amount or timing of the contractual cash flows and the contemporaneous modifications to the other terms were related to the reference rate reform, the amendment was not substantial in accordance with </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:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">ASC 848-20-35-8</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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">. Therefore, the amendment did not impact the Company’s consolidated financial statements.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p>
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CY2022 orgo Allowance For Doubtful Accounts Receivable Write Offs1
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CY2022 orgo Description Of Recognized Tax Benefits Upon Ultimate Settlement
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The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement.
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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2123000
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133662659
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111360831
CY2022 us-gaap Earnings Per Share Basic
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0.12
CY2021 us-gaap Earnings Per Share Basic
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0.15
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3445191
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994168
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1792085
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FinanceLeaseRightOfUseAssetAmortization
213000
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FinanceLeaseRightOfUseAssetAmortization
1707000
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FinanceLeaseInterestExpense
7000
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FinanceLeaseInterestExpense
980000
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FinanceLeaseCost
220000
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2687000
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9570000
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OperatingLeaseCost
7066000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2951000
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2869000
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
5082000
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
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CY2022 us-gaap Lease Cost
LeaseCost
17823000
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LeaseCost
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CY2022Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
1174000
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FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
1174000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
1174000
CY2021Q4 us-gaap Finance Lease Liability
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CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
213000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
9273000
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OperatingLeasePayments
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CY2022 us-gaap Finance Lease Interest Payment On Liability
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CY2021Q4 us-gaap Finance Lease Liability Current
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200000
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1427000
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FinanceLeasePrincipalPayments
200000
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
200000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2630000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2630000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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1350000
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1350000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
53793000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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53793000
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P0Y5M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y6M14D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y2M19D
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FinanceLeaseWeightedAverageDiscountRatePercent
0.1130
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0461
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0451
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
13747000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
7366000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
7578000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
7489000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
8002000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
18613000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
62795000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
9773000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
53022000
CY2022Q4 orgo Accrued Legal Expenses
AccruedLegalExpenses
150000
CY2021Q4 orgo Accrued Legal Expenses
AccruedLegalExpenses
150000
CY2020 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
2246000
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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6601000
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
3092000
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
2731000

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