2022 Q4 Form 10-K Financial Statement

#000138490523000017 Filed on February 23, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021
Revenue $524.7M $1.988B $1.595B
YoY Change 17.0% 24.68% 34.73%
Cost Of Revenue $160.6M $641.7M $448.4M
YoY Change 18.07% 43.13% 38.55%
Gross Profit $364.2M $1.347B $1.146B
YoY Change 16.54% 17.46% 33.29%
Gross Profit Margin 69.4% 67.73% 71.88%
Selling, General & Admin $350.6M $1.350B $1.138B
YoY Change 6.56% 18.6% 45.24%
% of Gross Profit 96.27% 100.26% 99.31%
Research & Development $88.76M $362.3M $309.7M
YoY Change 2.29% 16.96% 63.46%
% of Gross Profit 24.38% 26.9% 27.02%
Depreciation & Amortization $62.40M $72.00M $58.90M
YoY Change 32.56% 22.24% 47.99%
% of Gross Profit 17.13% 5.35% 5.14%
Operating Expenses $439.3M $1.996B $1.448B
YoY Change 5.67% 37.83% 48.79%
Operating Profit -$75.16M -$649.5M -$301.8M
YoY Change -27.21% 115.21% 166.5%
Interest Expense $375.1M $4.807M $64.38M
YoY Change 2449.14% -92.53% 30.64%
% of Operating Profit
Other Income/Expense, Net -$402.4M -$224.6M -$71.94M
YoY Change 1201.91% 212.19% -330.73%
Pretax Income -$281.9M -$874.1M -$373.7M
YoY Change 140.37% 133.88% 355.41%
Income Tax $2.213M $5.113M $2.528M
% Of Pretax Income
Net Earnings -$284.1M -$879.2M -$376.3M
YoY Change 140.01% 133.67% 353.34%
Net Earnings / Revenue -54.13% -44.22% -23.59%
Basic Earnings Per Share -$9.23 -$4.10
Diluted Earnings Per Share -$2.97 -$9.23 -$4.10
COMMON SHARES
Basic Shares Outstanding 95.24M shares 91.74M shares
Diluted Shares Outstanding 95.24M shares 91.74M shares

Balance Sheet

Concept 2022 Q4 2022 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $270.0M $270.0M $267.2M
YoY Change 1.06% 1.06% -58.25%
Cash & Equivalents $270.0M $181.8M $175.7M
Short-Term Investments
Other Short-Term Assets $31.33M $213.5M $145.1M
YoY Change 92.75% 47.16% 32.25%
Inventory $1.209M $1.209M $5.655M
Prepaid Expenses $23.31M
Receivables $311.3M $311.3M $232.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $796.0M $796.0M $650.7M
YoY Change 22.32% 22.32% -29.73%
LONG-TERM ASSETS
Property, Plant & Equipment $185.4M $220.8M $214.2M
YoY Change 11.08% 3.09% 10.81%
Goodwill $54.34M
YoY Change -2.08%
Intangibles $528.1M
YoY Change -26.31%
Long-Term Investments $4.559M $4.559M $210.4M
YoY Change -97.83% -97.83% -1.29%
Other Assets $31.29M $469.9M $731.6M
YoY Change 286.05% -35.77% 8.17%
Total Long-Term Assets $1.278B $1.278B $1.928B
YoY Change -33.74% -33.74% 53.22%
TOTAL ASSETS
Total Short-Term Assets $796.0M $796.0M $650.7M
Total Long-Term Assets $1.278B $1.278B $1.928B
Total Assets $2.074B $2.074B $2.579B
YoY Change -19.6% -19.6% 18.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $62.72M $62.72M $70.02M
YoY Change -10.43% -10.43% 29.67%
Accrued Expenses $380.1M $380.1M $279.8M
YoY Change 35.85% 35.85% 32.79%
Deferred Revenue $209.7M
YoY Change 18.86%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $652.6M $652.6M $526.3M
YoY Change 24.0% 24.0% 20.13%
LONG-TERM LIABILITIES
Long-Term Debt $1.638B $1.638B $1.398B
YoY Change 17.16% 17.16% 1.69%
Other Long-Term Liabilities $45.85M $66.03M $115.9M
YoY Change -45.45% -43.01% 96.38%
Total Long-Term Liabilities $45.85M $1.704B $1.514B
YoY Change -45.45% 12.55% 5.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $652.6M $652.6M $526.3M
Total Long-Term Liabilities $45.85M $1.704B $1.514B
Total Liabilities $2.357B $2.357B $2.041B
YoY Change 15.5% 15.5% 8.98%
SHAREHOLDERS EQUITY
Retained Earnings -$1.534B
YoY Change 104.91%
Common Stock $1.060B
YoY Change -2.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$482.8M -$283.3M $538.4M
YoY Change
Total Liabilities & Shareholders Equity $2.074B $2.074B $2.579B
YoY Change -19.6% -19.6% 18.06%

Cashflow Statement

Concept 2022 Q4 2022 2021
OPERATING ACTIVITIES
Net Income -$284.1M -$879.2M -$376.3M
YoY Change 140.01% 133.67% 353.34%
Depreciation, Depletion And Amortization $62.40M $72.00M $58.90M
YoY Change 32.56% 22.24% 47.99%
Cash From Operating Activities $39.37M $191.3M $152.2M
YoY Change -17.37% 25.73% -532.36%
INVESTING ACTIVITIES
Capital Expenditures $22.98M $32.71M $28.96M
YoY Change -107.14% 12.96% -33.61%
Acquisitions $0.00 $0.00
YoY Change
Other Investing Activities $0.00 $3.223M -$11.88M
YoY Change -100.0% -127.13%
Cash From Investing Activities -$22.98M -$87.21M -$396.8M
YoY Change -93.11% -78.02% 268.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $99.79M
YoY Change
Debt Paid & Issued, Net $0.00 $0.00
YoY Change
Cash From Financing Activities -53.44M -$98.22M -$127.1M
YoY Change -125.66% -22.69% -129.03%
NET CHANGE
Cash From Operating Activities 39.37M $191.3M $152.2M
Cash From Investing Activities -22.98M -$87.21M -$396.8M
Cash From Financing Activities -53.44M -$98.22M -$127.1M
Net Change In Cash -37.04M $2.822M -$372.7M
YoY Change -52.36% -100.76% -225.8%
FREE CASH FLOW
Cash From Operating Activities $39.37M $191.3M $152.2M
Capital Expenditures $22.98M $32.71M $28.96M
Free Cash Flow $16.40M $158.6M $123.2M
YoY Change -95.56% 28.74% -256.32%

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CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022 rng Stock Issued During Period Value Employee Stock Purchase Plan Increase Decrease To Additional Paid In Capital
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21419000 usd
CY2022 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
380665000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-9425000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2020 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
246561000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
125292000 usd
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
357965000 usd
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2022 rng Loss Gain And Other Related Costs On Investments
LossGainAndOtherRelatedCostsOnInvestments
203483000 usd
CY2021 rng Loss Gain And Other Related Costs On Investments
LossGainAndOtherRelatedCostsOnInvestments
14611000 usd
CY2020 rng Loss Gain And Other Related Costs On Investments
LossGainAndOtherRelatedCostsOnInvestments
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CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
305351000 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
115184000 usd
CY2021 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
74165000 usd
CY2020 us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
47207000 usd
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4468000 usd
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
64063000 usd
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
49031000 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1736000 usd
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-13284000 usd
CY2022 rng Repayments Of Convertible Debt Debt Discount
RepaymentsOfConvertibleDebtDebtDiscount
0 usd
CY2021 rng Repayments Of Convertible Debt Debt Discount
RepaymentsOfConvertibleDebtDebtDiscount
10131000 usd
CY2020 rng Repayments Of Convertible Debt Debt Discount
RepaymentsOfConvertibleDebtDebtDiscount
35020000 usd
CY2022 rng Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
19907000 usd
CY2021 rng Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
18025000 usd
CY2020 rng Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
15712000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
9367000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
8132000 usd
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5936000 usd
CY2022 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
4327000 usd
CY2021 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
809000 usd
CY2020 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-2941000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
87843000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
64940000 usd
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
51980000 usd
CY2022 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
235869000 usd
CY2021 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
178358000 usd
CY2020 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
274908000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3812000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-9111000 usd
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
20612000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-6166000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
17852000 usd
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
21916000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
89473000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
74517000 usd
CY2020 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
76467000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
33275000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
34227000 usd
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
34851000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-20868000 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-18675000 usd
CY2020 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-15362000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
191305000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
152151000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-35191000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
32713000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
28959000 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
43618000 usd
CY2022 us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
53730000 usd
CY2021 us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
43692000 usd
CY2020 us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
38113000 usd
CY2022 rng Payments To Acquire Intangible Assets And Long Term Investments
PaymentsToAcquireIntangibleAssetsAndLongTermInvestments
3990000 usd
CY2021 rng Payments To Acquire Intangible Assets And Long Term Investments
PaymentsToAcquireIntangibleAssetsAndLongTermInvestments
324178000 usd
CY2020 rng Payments To Acquire Intangible Assets And Long Term Investments
PaymentsToAcquireIntangibleAssetsAndLongTermInvestments
25955000 usd
CY2022 us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
3223000 usd
CY2021 us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
0 usd
CY2020 us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
0 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-87210000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-396829000 usd
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
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CY2021 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
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CY2020 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
1627177000 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 usd
CY2021 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
333632000 usd
CY2020 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1086268000 usd
CY2022 rng Payments For Capped Call Transactions And Costs
PaymentsForCappedCallTransactionsAndCosts
0 usd
CY2021 rng Payments For Capped Call Transactions And Costs
PaymentsForCappedCallTransactionsAndCosts
0 usd
CY2020 rng Payments For Capped Call Transactions And Costs
PaymentsForCappedCallTransactionsAndCosts
102695000 usd
CY2022 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
0 usd
CY2021 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
199449000 usd
CY2020 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
0 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
99793000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2022 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
15855000 usd
CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
36721000 usd
CY2020 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
41230000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7598000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
21549000 usd
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
36717000 usd
CY2022 rng Repayments Of Financing Obligations
RepaymentsOfFinancingObligations
4815000 usd
CY2021 rng Repayments Of Financing Obligations
RepaymentsOfFinancingObligations
4160000 usd
CY2020 rng Repayments Of Financing Obligations
RepaymentsOfFinancingObligations
1489000 usd
CY2022 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1867000 usd
CY2021 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
3880000 usd
CY2020 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
3648000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-98218000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-127051000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
437590000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3055000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-962000 usd
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1534000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2822000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-372691000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
296247000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
267162000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
639853000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
343606000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
269984000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
267162000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
639853000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
347000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
309000 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
220000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3726000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1388000 usd
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
870000 usd
CY2022 rng Common Stock Issued For Acquisition Of Intangible Assets
CommonStockIssuedForAcquisitionOfIntangibleAssets
0 usd
CY2021 rng Common Stock Issued For Acquisition Of Intangible Assets
CommonStockIssuedForAcquisitionOfIntangibleAssets
302600000 usd
CY2020 rng Common Stock Issued For Acquisition Of Intangible Assets
CommonStockIssuedForAcquisitionOfIntangibleAssets
0 usd
CY2022 rng Earnout Related Matters Including Issuance Of Common Stock For Milestone Achievements
EarnoutRelatedMattersIncludingIssuanceOfCommonStockForMilestoneAchievements
0 usd
CY2021 rng Earnout Related Matters Including Issuance Of Common Stock For Milestone Achievements
EarnoutRelatedMattersIncludingIssuanceOfCommonStockForMilestoneAchievements
50000000 usd
CY2020 rng Earnout Related Matters Including Issuance Of Common Stock For Milestone Achievements
EarnoutRelatedMattersIncludingIssuanceOfCommonStockForMilestoneAchievements
0 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6808000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7343000 usd
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7926000 usd
CY2022 rng Cash Held For Future Indemnity Claims And Other Potential Future Payments
CashHeldForFutureIndemnityClaimsAndOtherPotentialFuturePayments
0 usd
CY2021 rng Cash Held For Future Indemnity Claims And Other Potential Future Payments
CashHeldForFutureIndemnityClaimsAndOtherPotentialFuturePayments
0 usd
CY2020 rng Cash Held For Future Indemnity Claims And Other Potential Future Payments
CashHeldForFutureIndemnityClaimsAndOtherPotentialFuturePayments
197000 usd
CY2022 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
0 usd
CY2021 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
6898000 usd
CY2020 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
4694000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with U.S. 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 consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. The significant estimates made by management affect revenues, the allowance for doubtful accounts, valuation of long-term investments, deferred and prepaid sales commission costs, goodwill, useful lives of intangible assets, share-based compensation, capitalization of internally developed software, return reserves, provision for income taxes, uncertain tax positions, loss contingencies, sales tax liabilities and accrued liabilities. Management periodically evaluates these estimates and will make adjustments prospectively based upon the results of such periodic evaluations. Actual results may differ from these estimates.</span></div>
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8026000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
9367000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
7812000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
9581000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5184000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
8132000 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
5290000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8026000 usd
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2358000 usd
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5936000 usd
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3110000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5184000 usd
CY2022 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
59200000 usd
CY2021 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
50100000 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
119400000 usd
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
94600000 usd
CY2022Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations</span></div><div style="margin-top:6pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. Although the Company deposits its cash with multiple financial institutions, its deposits, at times, may exceed federally insured limits. The Company’s accounts receivable are primarily derived from sales by resellers and to larger direct customers. The Company maintains an allowance for doubtful accounts for estimated potential credit losses. As of December 31, 2022, 2021 and 2020, and for the years then ended, none of the Company’s customers accounted for more than 10% of total accounts receivable, total revenues, or subscription revenues.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the years ended 2021 and 2020, the Company contracted a significant portion of its software development efforts from third-party partners located in Russia and Ukraine. During the year ended December 31, 2022, the Company relocated some of their personnel to other countries. A cessation of services provided by these partners could result in a disruption to the Company’s research and development efforts.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Long-lived assets by geographic location is based on the location of the legal entity that owns the asset. As of December 31, 2022 and 2021, approximately 94% and 95% of the Company’s consolidated long-lived assets, respectively, were located in the U.S. No other single country outside of the U.S. represented more than 10% of the Company’s consolidated long-lived assets as of December 31, 2022 and 2021.</span></div>
CY2022 us-gaap Advertising Expense
AdvertisingExpense
125600000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
88200000 usd
CY2020 us-gaap Advertising Expense
AdvertisingExpense
76600000 usd
CY2022 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div style="margin-top:18pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Indemnification</span></div><div style="margin-top:6pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain of the Company’s agreements with resellers and customers include provisions for indemnification against liabilities if its subscriptions infringe upon a third-party’s intellectual property rights. At least quarterly, the Company assesses the status of any significant matters and its potential financial statement exposure. If the potential loss from any claim or legal proceeding is considered probable and the amount or the range of loss can be estimated, the Company accrues a liability for the estimated loss. The Company has not incurred any material costs as a result of such indemnification provisions. The Company has not accrued any material liabilities related to such obligations as of December 31, 2022 and 2021.</span></div>
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2100000000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.53
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.47
CY2022Q4 us-gaap Cash
Cash
88153000 usd
CY2021Q4 us-gaap Cash
Cash
91499000 usd
CY2022Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
181831000 usd
CY2021Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
175663000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
269984000 usd
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CashAndCashEquivalentsAtCarryingValue
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CY2021Q4 us-gaap Property Plant And Equipment Gross
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CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2021Q4 us-gaap Property Plant And Equipment Net
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1646000 usd
CY2021Q4 us-gaap Investments Fair Value Disclosure
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200000000 usd
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3200000 usd
CY2022 rng Strategic Partnership Agreement Fee
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CY2022 rng Prepaid Sales Commission Write Down
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CY2021 us-gaap Amortization Of Debt Discount Premium
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CY2020 us-gaap Amortization Of Debt Discount Premium
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CY2022 us-gaap Amortization Of Financing Costs
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CY2021 us-gaap Amortization Of Financing Costs
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CY2020 us-gaap Amortization Of Financing Costs
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CY2022 us-gaap Amortization Of Financing Costs And Discounts
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CY2021 us-gaap Amortization Of Financing Costs And Discounts
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CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2022 us-gaap Operating Lease Cost
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CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2020 us-gaap Operating Lease Cost
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2022Q4 us-gaap Operating Lease Liability
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CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2022 us-gaap Operating Lease Payments
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CY2021 us-gaap Operating Lease Payments
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022Q4 us-gaap Preferred Stock Shares Authorized
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CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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CY2021Q4 us-gaap Preferred Stock Shares Authorized
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CY2022 rng Year Of Anniversary
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CY2021Q4 us-gaap Stock Repurchase Program Authorized Amount1
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CY2022 us-gaap Allocated Share Based Compensation Expense
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CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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329151000 usd
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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27465000 usd
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2020 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
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CY2020 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
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CY2020 us-gaap Current Foreign Tax Expense Benefit
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CY2022 us-gaap Current Income Tax Expense Benefit
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2020 us-gaap Current Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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Files In Submission

Name View Source Status
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