2024 Q3 Form 10-Q Financial Statement

#000163528224000143 Filed on July 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $104.7M $103.1M
YoY Change -2.59% -3.1%
Cost Of Revenue $41.14M $42.18M
YoY Change 2.56% 7.2%
Gross Profit $63.54M $60.94M
YoY Change -5.65% -9.14%
Gross Profit Margin 60.7% 59.1%
Selling, General & Admin $52.31M $56.91M
YoY Change -3.09% 1.35%
% of Gross Profit 82.33% 93.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $917.0K $860.0K
YoY Change 22.27% 35.22%
% of Gross Profit 1.44% 1.41%
Operating Expenses $113.1M $61.72M
YoY Change 101.65% 9.92%
Operating Profit -$49.59M -$775.0K
YoY Change -541.27% -107.09%
Interest Expense -$2.177M -$1.483M
YoY Change -254.07% -12.07%
% of Operating Profit
Other Income/Expense, Net -$642.0K $1.492M
YoY Change -164.85% 157.24%
Pretax Income -$51.81M -$766.0K
YoY Change -579.04% -108.34%
Income Tax -$8.713M $382.0K
% Of Pretax Income
Net Earnings -$43.10M -$1.100M
YoY Change -733.73% -125.77%
Net Earnings / Revenue -41.18% -1.07%
Basic Earnings Per Share -$0.47 -$0.01
Diluted Earnings Per Share -$0.47 -$0.01
COMMON SHARES
Basic Shares Outstanding 90.70M shares 90.41M shares
Diluted Shares Outstanding 90.78M shares 90.50M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $119.5M $134.2M
YoY Change -6.72% -4.6%
Cash & Equivalents $119.5M $134.2M
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $42.26M $41.76M
YoY Change -1.27% 6.38%
Inventory
Prepaid Expenses $25.19M $24.64M
Receivables $67.00M $86.96M
Other Receivables $0.00 $0.00
Total Short-Term Assets $228.7M $262.9M
YoY Change -1.44% -0.78%
LONG-TERM ASSETS
Property, Plant & Equipment $17.33M $18.14M
YoY Change 17.07% 27.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $97.77M $86.31M
YoY Change 10.98% -5.77%
Total Long-Term Assets $115.1M $104.5M
YoY Change 11.86% -1.33%
TOTAL ASSETS
Total Short-Term Assets $228.7M $262.9M
Total Long-Term Assets $115.1M $104.5M
Total Assets $343.8M $367.4M
YoY Change 2.65% -0.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.559M $4.523M
YoY Change -25.74% -2.35%
Accrued Expenses $111.2M $53.94M
YoY Change 82.37% -7.13%
Deferred Revenue $202.3M $240.4M
YoY Change -5.5% -7.22%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.093M $3.093M
YoY Change -47.68% -50.58%
Total Short-Term Liabilities $322.5M $303.2M
YoY Change 11.66% -7.89%
LONG-TERM LIABILITIES
Long-Term Debt $67.96M $68.73M
YoY Change 3.48% 2.41%
Other Long-Term Liabilities $2.350M $1.650M
YoY Change 36.79% -95.49%
Total Long-Term Liabilities $70.31M $70.38M
YoY Change 4.33% -32.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $322.5M $303.2M
Total Long-Term Liabilities $70.31M $70.38M
Total Liabilities $420.6M $403.5M
YoY Change 18.09% -6.8%
SHAREHOLDERS EQUITY
Retained Earnings -$245.1M -$202.0M
YoY Change 15.87% -7.47%
Common Stock $9.000K $9.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$76.77M -$36.12M
YoY Change
Total Liabilities & Shareholders Equity $343.8M $367.4M
YoY Change 2.65% -0.94%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$43.10M -$1.100M
YoY Change -733.73% -125.77%
Depreciation, Depletion And Amortization $917.0K $860.0K
YoY Change 22.27% 35.22%
Cash From Operating Activities -$18.51M $6.257M
YoY Change 127.44% -52.26%
INVESTING ACTIVITIES
Capital Expenditures $670.0K $856.0K
YoY Change -56.77% -19.7%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$670.0K -$856.0K
YoY Change -77.81% 7.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.028M 2.849M
YoY Change -41.92% -226.79%
NET CHANGE
Cash From Operating Activities -18.51M 6.257M
Cash From Investing Activities -670.0K -856.0K
Cash From Financing Activities -1.028M 2.849M
Net Change In Cash -20.21M 8.250M
YoY Change 56.32% -18.03%
FREE CASH FLOW
Cash From Operating Activities -$18.51M $6.257M
Capital Expenditures $670.0K $856.0K
Free Cash Flow -$19.18M $5.401M
YoY Change 97.98% -55.14%

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NetIncomeLossAvailableToCommonStockholdersBasic
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CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4268000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
169000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9907000 usd
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88797000 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q2 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Share Based Compensation
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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rmni Increase Decrease In Operating Lease Right Of Use Assets And Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndOperatingLeaseLiabilities
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rmni Increase Decrease In Operating Lease Right Of Use Assets And Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndOperatingLeaseLiabilities
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IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1096000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
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us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-7033000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17345000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2028000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2095000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
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us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
14666000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
10948000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
15621000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
7798000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
2938000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1688000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2250000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1014000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
176000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
163000 usd
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
89274000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90822000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
89251000 shares
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Share Based Compensation
ShareBasedCompensation
4963000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1733000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1249000 usd
rmni Accretion And Amortization Of Debt Discount And Issuance Costs
AccretionAndAmortizationOfDebtDiscountAndIssuanceCosts
434000 usd
rmni Accretion And Amortization Of Debt Discount And Issuance Costs
AccretionAndAmortizationOfDebtDiscountAndIssuanceCosts
483000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
4415000 usd
rmni Increase Decrease In Operating Lease Right Of Use Assets And Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndOperatingLeaseLiabilities
-2222000 usd
rmni Increase Decrease In Operating Lease Right Of Use Assets And Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndOperatingLeaseLiabilities
-2237000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-29910000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-31050000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2058000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-4186000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-620000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3551000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-17288000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17345000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21749000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2028000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2095000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
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us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
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us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
10948000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
15621000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
7798000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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us-gaap Proceeds From Lines Of Credit
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us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1688000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2250000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1014000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
176000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
163000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
79000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1074000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-7443000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2725000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
18774000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
14536000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1074000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3348000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-7443000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
18774000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
115852000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Interest Paid Net
InterestPaidNet
2378000 usd
us-gaap Interest Paid Net
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2256000 usd
us-gaap Income Taxes Paid
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1621000 usd
us-gaap Income Taxes Paid
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3656000 usd
rmni Capital Expenditures Incurred But Not Yet Paid Increase Decrease
CapitalExpendituresIncurredButNotYetPaidIncreaseDecrease
118000 usd
rmni Capital Expenditures Incurred But Not Yet Paid Increase Decrease
CapitalExpendituresIncurredButNotYetPaidIncreaseDecrease
112000 usd
rmni Working Capital Surplus Deficit
WorkingCapitalSurplusDeficit
-40300000 usd
CY2024Q2 us-gaap Net Income Loss
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-1100000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
134600000 usd
CY2024Q2 us-gaap Deferred Revenue Current
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240400000 usd
CY2024Q2 rmni Cost Of Goods And Services Sold As Percentage Of Revenue
CostOfGoodsAndServicesSoldAsPercentageOfRevenue
0.41
CY2024Q2 rmni Lessee Lease Liability Payments Due Next Rolling Twelve Months
LesseeLeaseLiabilityPaymentsDueNextRollingTwelveMonths
3200000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
109434000 usd
us-gaap Interest Paid Net
InterestPaidNet
2378000 usd
us-gaap Interest Paid Net
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2256000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
1621000 usd
us-gaap Income Taxes Paid
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3656000 usd
rmni Capital Expenditures Incurred But Not Yet Paid Increase Decrease
CapitalExpendituresIncurredButNotYetPaidIncreaseDecrease
118000 usd
rmni Capital Expenditures Incurred But Not Yet Paid Increase Decrease
CapitalExpendituresIncurredButNotYetPaidIncreaseDecrease
112000 usd
rmni Working Capital Surplus Deficit
WorkingCapitalSurplusDeficit
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CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-1100000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
134600000 usd
CY2024Q2 us-gaap Deferred Revenue Current
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240400000 usd
CY2024Q2 rmni Cost Of Goods And Services Sold As Percentage Of Revenue
CostOfGoodsAndServicesSoldAsPercentageOfRevenue
0.41
CY2024Q2 rmni Lessee Lease Liability Payments Due Next Rolling Twelve Months
LesseeLeaseLiabilityPaymentsDueNextRollingTwelveMonths
3200000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements and related disclosures in conformity with U.S. GAAP requires the Company to make judgments, assumptions, and estimates that affect the amounts reported in its consolidated financial statements and accompanying notes. The Company bases its estimates and assumptions on current facts, historical experience, and various </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">other factors that it believes are reasonable under the circumstances to determine the carrying values of assets and liabilities that are not readily apparent from other sources. The Company’s accounting estimates include, but are not necessarily limited to, valuation of accounts receivable, valuation assumptions for stock options and leases, deferred income taxes and the related valuation allowances, and the evaluation and measurement of contingencies. To the extent there are material differences between the Company’s estimates and actual results, the Company’s future consolidated results of operations may be affected.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements and related disclosures in conformity with U.S. GAAP requires the Company to make judgments, assumptions, and estimates that affect the amounts reported in its consolidated financial statements and accompanying notes. The Company bases its estimates and assumptions on current facts, historical experience, and various </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">other factors that it believes are reasonable under the circumstances to determine the carrying values of assets and liabilities that are not readily apparent from other sources. The Company’s accounting estimates include, but are not necessarily limited to, valuation of accounts receivable, valuation assumptions for stock options and leases, deferred income taxes and the related valuation allowances, and the evaluation and measurement of contingencies. To the extent there are material differences between the Company’s estimates and actual results, the Company’s future consolidated results of operations may be affected.</span></div>
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38984000 usd
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CapitalizedCommissions
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CapitalizedContractCostAmortization
4912000 usd
us-gaap Capitalized Contract Cost Amortization
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9337000 usd
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37307000 usd
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40106000 usd
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254306000 usd
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111610000 usd
CY2024Q2 rmni Contract With Customer Liability Revenue Recognized Including Current Billings
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CY2024Q2 us-gaap Revenue Remaining Performance Obligation
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556700000 usd
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38984000 usd
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3235000 usd
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4912000 usd
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37307000 usd
CY2024Q2 us-gaap Capitalized Contract Cost Net
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37307000 usd
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40106000 usd
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254306000 usd
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111610000 usd
CY2024Q2 rmni Contract With Customer Liability Revenue Recognized Including Current Billings
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CY2024Q2 us-gaap Revenue Remaining Performance Obligation
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556700000 usd
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
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565100000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
285300000 usd
CY2024Q2 us-gaap Contract With Customer Liability Current
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240400000 usd
CY2024Q2 us-gaap Sales And Excise Tax Payable Current
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CY2024Q2 us-gaap Accrued Income Taxes Current
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CY2023Q2 us-gaap Proceeds From Interest Received
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us-gaap Proceeds From Interest Received
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400000 usd
CY2023Q2 us-gaap Stock Repurchased And Retired During Period Shares
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CY2023Q2 us-gaap Stock Repurchased And Retired During Period Value
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CY2024Q2 us-gaap Accrued Income Taxes Current
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CY2024Q2 rmni Other Accrued Expenses Current
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CY2024Q2 us-gaap Other Accrued Liabilities Current
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us-gaap Restructuring Charges
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CY2024Q2 us-gaap Restructuring Charges
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us-gaap Payments For Restructuring
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us-gaap Finance Lease Interest Expense
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2824000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
2726000 usd
CY2023Q2 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
200000 usd
us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
400000 usd
us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
400000 usd
CY2023Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
200000 shares
CY2023Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1000000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.64
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0439
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
2.63
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2405000 usd
CY2024Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
3400000 shares
CY2024Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
5.64
CY2023Q4 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
12000000 usd
CY2023Q4 us-gaap Longterm Purchase Commitment Period
LongtermPurchaseCommitmentPeriod
P3Y
CY2023Q4 us-gaap Longterm Purchase Commitment Period
LongtermPurchaseCommitmentPeriod
P3Y
CY2024Q2 us-gaap Purchase Obligation
PurchaseObligation
10200000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.64
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0439
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
2.63
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5925000 usd
CY2024Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
3400000 shares
CY2024Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
5.64
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.535
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.924
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.480
CY2023Q4 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
12000000 usd
CY2023Q4 us-gaap Longterm Purchase Commitment Period
LongtermPurchaseCommitmentPeriod
P3Y
CY2023Q4 us-gaap Longterm Purchase Commitment Period
LongtermPurchaseCommitmentPeriod
P3Y
CY2024Q2 us-gaap Purchase Obligation
PurchaseObligation
10200000 usd
CY2023Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
800000 usd
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1900000 usd
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1700000 usd
CY2024Q2 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
10200000 usd
CY2023Q4 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
9300000 usd
CY2024Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1000000 usd
CY2023Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
800000 usd
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1900000 usd
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1700000 usd
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13769000 shares
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13163000 shares
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
14815000 usd
CY2023Q4 us-gaap Aoci Debt Securities Available For Sale Without Allowance For Credit Loss Cumulative Gain Loss After Tax
AociDebtSecuritiesAvailableForSaleWithoutAllowanceForCreditLossCumulativeGainLossAfterTax
99000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
14914000 usd
CY2024Q2 rmni Lessee Operating Lease Terms Days Notice Required To Terminate
LesseeOperatingLeaseTermsDaysNoticeRequiredToTerminate
30 day
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
14815000 usd
CY2023Q4 us-gaap Aoci Debt Securities Available For Sale Without Allowance For Credit Loss Cumulative Gain Loss After Tax
AociDebtSecuritiesAvailableForSaleWithoutAllowanceForCreditLossCumulativeGainLossAfterTax
99000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
14914000 usd
CY2024Q2 rmni Lessee Operating Lease Terms Days Notice Required To Terminate
LesseeOperatingLeaseTermsDaysNoticeRequiredToTerminate
30 day
CY2024Q2 rmni Other Lease Cost
OtherLeaseCost
181000 usd
CY2023Q2 rmni Other Lease Cost
OtherLeaseCost
125000 usd
rmni Other Lease Cost
OtherLeaseCost
293000 usd
rmni Other Lease Cost
OtherLeaseCost
173000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
1215000 usd
us-gaap Lease Cost
LeaseCost
2410000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6841000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
11162000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y1M24D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.088
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
2777000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
4467000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
3766000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
1216000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
935000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
511000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
13672000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1642000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
12030000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
2800000 usd
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
us-gaap Operating Lease Cost
OperatingLeaseCost
2222000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
2237000 usd
rmni Other Lease Cost
OtherLeaseCost
173000 usd
CY2024Q2 us-gaap Lease Cost
LeaseCost
1290000 usd
us-gaap Lease Cost
LeaseCost
2515000 usd
us-gaap Lease Cost
LeaseCost
2410000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7477000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5941000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4504000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4321000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
7526000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6841000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
12030000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
11162000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y1M24D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.088
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
2777000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
4467000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
3766000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
1216000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
935000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
511000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
13672000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
12030000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
2800000 usd
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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