2024 Q3 Form 10-Q Financial Statement
#000156032724000093 Filed on August 07, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
Revenue | $214.7M | $208.0M |
YoY Change | 7.95% | 9.23% |
Cost Of Revenue | $63.02M | $60.85M |
YoY Change | 8.97% | 4.61% |
Gross Profit | $151.6M | $147.1M |
YoY Change | 7.53% | 11.25% |
Gross Profit Margin | 70.64% | 70.74% |
Selling, General & Admin | $93.11M | $100.2M |
YoY Change | -0.49% | -5.4% |
% of Gross Profit | 61.4% | 68.1% |
Research & Development | $44.57M | $40.06M |
YoY Change | 11.58% | -21.09% |
% of Gross Profit | 29.39% | 27.22% |
Depreciation & Amortization | $2.700M | $2.800M |
YoY Change | -18.18% | -76.33% |
% of Gross Profit | 1.78% | 1.9% |
Operating Expenses | $137.7M | $140.3M |
YoY Change | -12.34% | -10.48% |
Operating Profit | $13.96M | $6.880M |
YoY Change | -187.03% | -128.16% |
Interest Expense | $5.545M | $1.853M |
YoY Change | -90.19% | -113.0% |
% of Operating Profit | 39.72% | 26.93% |
Other Income/Expense, Net | $2.811M | -$695.0K |
YoY Change | -162.22% | -94.76% |
Pretax Income | $19.51M | $8.733M |
YoY Change | -126.17% | -113.25% |
Income Tax | $2.952M | $538.0K |
% Of Pretax Income | 15.13% | 6.16% |
Net Earnings | $16.55M | $8.195M |
YoY Change | -121.61% | -112.27% |
Net Earnings / Revenue | 7.71% | 3.94% |
Basic Earnings Per Share | $0.26 | $0.13 |
Diluted Earnings Per Share | $0.22 | $0.11 |
COMMON SHARES | ||
Basic Shares Outstanding | 62.73M shares | 62.32M shares |
Diluted Shares Outstanding | 74.54M shares | 74.25M shares |
Balance Sheet
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $443.7M | $442.6M |
YoY Change | 37.71% | 50.82% |
Cash & Equivalents | $222.6M | $237.0M |
Short-Term Investments | $221.1M | $205.7M |
Other Short-Term Assets | $87.04M | $88.07M |
YoY Change | 14.52% | -7.41% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $141.9M | $143.7M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $672.6M | $674.4M |
YoY Change | 25.53% | 28.47% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $33.94M | $34.88M |
YoY Change | -20.05% | -66.43% |
Goodwill | $575.2M | $536.4M |
YoY Change | 7.25% | 0.01% |
Intangibles | $90.75M | $84.02M |
YoY Change | -9.25% | -19.75% |
Long-Term Investments | $60.38M | $51.43M |
YoY Change | 19.33% | 2010.55% |
Other Assets | $90.92M | $94.87M |
YoY Change | 12.53% | 13.82% |
Total Long-Term Assets | $901.9M | $852.2M |
YoY Change | 4.45% | 2.58% |
TOTAL ASSETS | ||
Total Short-Term Assets | $672.6M | $674.4M |
Total Long-Term Assets | $901.9M | $852.2M |
Total Assets | $1.575B | $1.527B |
YoY Change | 12.52% | 12.61% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $6.005M | $12.82M |
YoY Change | -32.91% | 42.62% |
Accrued Expenses | $82.32M | $67.24M |
YoY Change | 29.87% | -17.57% |
Deferred Revenue | $423.6M | $437.2M |
YoY Change | 0.41% | 1.84% |
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $45.82M | $45.74M |
YoY Change | ||
Total Short-Term Liabilities | $573.6M | $578.6M |
YoY Change | 13.01% | 11.18% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $887.4M | $886.3M |
YoY Change | -4.47% | 8.36% |
Other Long-Term Liabilities | $19.05M | $13.69M |
YoY Change | 35.62% | -89.33% |
Total Long-Term Liabilities | $19.05M | $13.69M |
YoY Change | 35.62% | -98.55% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $573.6M | $578.6M |
Total Long-Term Liabilities | $19.05M | $13.69M |
Total Liabilities | $1.581B | $1.580B |
YoY Change | 1.27% | 7.69% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$983.0M | -$999.6M |
YoY Change | -4.57% | 4.84% |
Common Stock | $632.0K | $627.0K |
YoY Change | 2.93% | 2.96% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | -$6.304M | -$52.92M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $1.575B | $1.527B |
YoY Change | 12.52% | 12.61% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $16.55M | $8.195M |
YoY Change | -121.61% | -112.27% |
Depreciation, Depletion And Amortization | $2.700M | $2.800M |
YoY Change | -18.18% | -76.33% |
Cash From Operating Activities | $43.97M | $32.86M |
YoY Change | 1101.34% | 4.96% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $5.467M | $3.653M |
YoY Change | 28.94% | -36.18% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$59.23M | $10.55M |
YoY Change | -24.79% | -122.8% |
Cash From Investing Activities | -$64.69M | $6.899M |
YoY Change | -22.07% | -113.27% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 3.438M | -1.001M |
YoY Change | -95.58% | -185.05% |
NET CHANGE | ||
Cash From Operating Activities | 43.97M | 32.86M |
Cash From Investing Activities | -64.69M | 6.899M |
Cash From Financing Activities | 3.438M | -1.001M |
Net Change In Cash | -17.29M | 38.76M |
YoY Change | 1001.02% | -298.5% |
FREE CASH FLOW | ||
Cash From Operating Activities | $43.97M | $32.86M |
Capital Expenditures | $5.467M | $3.653M |
Free Cash Flow | $38.50M | $29.20M |
YoY Change | -6738.28% | 14.17% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2024Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.13 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.54 | ||
CY2024Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
140263000 | usd |
CY2023Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
183917000 | usd |
CY2024Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
6880000 | usd |
CY2023Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-51659000 | usd |
CY2024Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
5221000 | usd |
CY2023Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
1787000 | usd |
CY2024Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-695000 | usd |
CY2023Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-13268000 | usd |
CY2024Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
8733000 | usd |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-65913000 | usd |
CY2024Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
538000 | usd |
CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
869000 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8195000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-66782000 | usd |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
60470396 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
60470396 | shares |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8195000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-66782000 | usd |
CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
-329000 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
447000 | usd |
CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
92000 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
61000 | usd |
CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-421000 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
386000 | usd |
CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-630000 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
450000 | usd |
CY2024Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
7565000 | usd |
CY2023Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-66332000 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
335057000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-2130000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-13575000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
19916000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-91234000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
9463000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1463000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
10453000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-92697000 | usd | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.17 | ||
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.10 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.14 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
60180954 | shares | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
74250360 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
74135121 | shares | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
10453000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-92697000 | usd | |
us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
-958000 | usd | |
us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
639000 | usd | |
us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-1431000 | usd | |
us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
1219000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-2195000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
1661000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
8258000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-91036000 | usd | |
CY2024Q2 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P12M | |
CY2024Q2 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
||
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
us-gaap |
Operating Expenses
OperatingExpenses
|
273893000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
17448000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-75624000 | usd | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
9941000 | usd | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
3455000 | usd | |
CY2024Q2 | us-gaap |
Interest Expense Nonoperating
InterestExpenseNonoperating
|
2673000 | usd |
CY2023Q2 | us-gaap |
Interest Expense Nonoperating
InterestExpenseNonoperating
|
2773000 | usd |
us-gaap |
Interest Expense Nonoperating
InterestExpenseNonoperating
|
5343000 | usd | |
us-gaap |
Interest Expense Nonoperating
InterestExpenseNonoperating
|
5490000 | usd | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.10 | |
CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.11 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.54 | ||
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
62496289 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
62201182 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
60180954 | shares | |
us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
473000 | usd | |
us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
|
-580000 | usd | |
CY2024Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-209000 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
64000 | usd |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-764000 | usd | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
442000 | usd | |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-86449000 | usd |
CY2024Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
27155000 | usd |
CY2024Q2 | rp |
Adjustments To Additional Paid In Capital Vesting Of Restricted Stock Units
AdjustmentsToAdditionalPaidInCapitalVestingOfRestrictedStockUnits
|
0 | usd |
CY2024Q2 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
1326000 | usd |
CY2024Q2 | rp |
Stock Issued During Period Value Stock Options And Warrants Exercised
StockIssuedDuringPeriodValueStockOptionsAndWarrantsExercised
|
135000 | usd |
CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-630000 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8195000 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-52920000 | usd |
CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
31276000 | usd |
CY2023Q2 | rp |
Adjustments To Additional Paid In Capital Vesting Of Restricted Stock Units
AdjustmentsToAdditionalPaidInCapitalVestingOfRestrictedStockUnits
|
0 | usd |
CY2023Q2 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
1324000 | usd |
CY2023Q2 | rp |
Stock Issued During Period Value Stock Options And Warrants Exercised
StockIssuedDuringPeriodValueStockOptionsAndWarrantsExercised
|
2501000 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
0 | usd |
CY2023Q2 | rp |
Stock Reclassification Of Equity To Derivative Assets Related To Capped Calls
StockReclassificationOfEquityToDerivativeAssetsRelatedToCappedCalls
|
33029000 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
450000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-66782000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-111022000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-118179000 | usd |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
53642000 | usd | |
us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
5046000 | usd | |
rp |
Adjustments To Additional Paid In Capital Vesting Of Restricted Stock Units
AdjustmentsToAdditionalPaidInCapitalVestingOfRestrictedStockUnits
|
0 | usd | |
us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
3090000 | usd | |
rp |
Stock Issued During Period Value Stock Options And Warrants Exercised
StockIssuedDuringPeriodValueStockOptionsAndWarrantsExercised
|
1403000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-2195000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
10453000 | usd | |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-52920000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-120074000 | usd |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
60794000 | usd | |
us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
6174000 | usd | |
rp |
Adjustments To Additional Paid In Capital Vesting Of Restricted Stock Units
AdjustmentsToAdditionalPaidInCapitalVestingOfRestrictedStockUnits
|
0 | usd | |
us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
2591000 | usd | |
rp |
Stock Issued During Period Value Stock Options And Warrants Exercised
StockIssuedDuringPeriodValueStockOptionsAndWarrantsExercised
|
2682000 | usd | |
us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
0 | usd | |
us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
0 | usd | |
rp |
Stock Reclassification Of Equity To Derivative Assets Related To Capped Calls
StockReclassificationOfEquityToDerivativeAssetsRelatedToCappedCalls
|
33029000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
1661000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-92697000 | usd | |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-111022000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
10453000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-92697000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
22219000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
22879000 | usd | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
2108000 | usd | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
2020000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
52302000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
61068000 | usd | |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd | |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
27231000 | usd | |
rp |
Increase Decrease In Fair Value Of Derivative Assets
IncreaseDecreaseInFairValueOfDerivativeAssets
|
0 | usd | |
rp |
Increase Decrease In Fair Value Of Derivative Assets
IncreaseDecreaseInFairValueOfDerivativeAssets
|
-12660000 | usd | |
us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
1840000 | usd | |
us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
0 | usd | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
1352000 | usd | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-4423000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-19990000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-15110000 | usd | |
us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
1964000 | usd | |
us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
5963000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-430000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1400000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-3021000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1282000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-18391000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-11968000 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-23346000 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
1783000 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
2660000 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
483000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
63928000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
37147000 | usd | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | usd | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
34841000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
900000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3704000 | usd | |
us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
6289000 | usd | |
us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
9081000 | usd | |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
157967000 | usd | |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
80257000 | usd | |
us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
130001000 | usd | |
us-gaap |
Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
65700000 | usd | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-360000 | usd | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-34795000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-62183000 | usd | |
us-gaap |
Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
|
0 | usd | |
us-gaap |
Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
|
2250000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
3089000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
2591000 | usd | |
rp |
Proceeds From Issuance Of Employee Stock Purchase Plan
ProceedsFromIssuanceOfEmployeeStockPurchasePlan
|
5046000 | usd | |
rp |
Proceeds From Issuance Of Employee Stock Purchase Plan
ProceedsFromIssuanceOfEmployeeStockPurchasePlan
|
6174000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1404000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
2682000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3361000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
4015000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-2076000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-337000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
30418000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-21358000 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
214130000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
207804000 | usd |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
244548000 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
186446000 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
3215000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
3337000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
5505000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1221000 | usd | |
CY2024Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
236975000 | usd |
CY2023Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
185929000 | usd |
CY2024Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
7573000 | usd |
CY2023Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
517000 | usd |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
244548000 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
186446000 | usd |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 1. Description of Business, Basis of Presentation and Consolidation and Significant Accounting Policies</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Description of Business</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Rapid7, Inc. and subsidiaries (“we,” “us” or “our”) are advancing security with visibility, analytics, and automation delivered through our platform solutions. Our solutions simplify the complex, allowing security teams to work more effectively with IT and development to reduce vulnerabilities, monitor for malicious behavior, investigate and shut down attacks, and automate routine tasks. </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Basis of Presentation and Consolidation</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying unaudited condensed consolidated financial statements have been prepared by us in accordance with accounting principles generally accepted in the United States of America (“GAAP”), as well as pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”), regarding interim financial reporting. Accordingly, certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 26, 2024.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The consolidated financial statements include our results of operations and those of our wholly-owned subsidiaries and reflect all adjustments (consisting solely of normal, recurring adjustments) which are, in the opinion of management, necessary for a fair statement of results for the interim periods presented. All intercompany transactions and balances have been eliminated in consolidation. The results of operations for the three and six months ended June 30, 2024 are not necessarily indicative of the results to be expected for any future period or the entire fiscal year.</span></div><div style="margin-top:12pt;text-align:justify"><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"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The management estimates include, but are not limited to the determination of standalone selling prices in revenue transactions with multiple performance obligations, the estimated period of benefit for deferred contract acquisition costs, the useful lives and recoverability of long-lived assets, the valuation for credit losses, the valuation of stock-based compensation, the fair value of assets acquired and liabilities assumed in business combinations, the incremental borrowing rate for operating leases and the valuation for deferred tax assets. We base our estimates on historical experience and on various other assumptions that we believe are reasonable. Actual results could differ from those estimates. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Significant Accounting Policies</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our significant accounting policies are described in Note 2, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Summary of Significant Accounting Policies</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, to the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2023. </span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Restricted Cash</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">As of June 30, 2024, we had </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">$7.6 million</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> of restricted cash recorded on our condensed consolidated balance sheet in prepaid expenses and other current assets and other assets in letters of credit outstanding as collateral for certain office space leases. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Recent Accounting Pronouncements</span></div>We have not identified any recently issued accounting pronouncements that would have a material impact to our consolidated financial statements. | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top:12pt;text-align:justify"><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>The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The management estimates include, but are not limited to the determination of standalone selling prices in revenue transactions with multiple performance obligations, the estimated period of benefit for deferred contract acquisition costs, the useful lives and recoverability of long-lived assets, the valuation for credit losses, the valuation of stock-based compensation, the fair value of assets acquired and liabilities assumed in business combinations, the incremental borrowing rate for operating leases and the valuation for deferred tax assets. We base our estimates on historical experience and on various other assumptions that we believe are reasonable. Actual results could differ from those estimates. | ||
CY2024Q2 | us-gaap |
Restricted Cash
RestrictedCash
|
7600000 | usd |
CY2024Q2 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
179000000 | usd |
CY2023Q2 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
164900000 | usd |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
310800000 | usd | |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
288300000 | usd | |
CY2024Q2 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
2400000 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
1100000 | usd |
CY2024Q2 | rp |
Contract Assets
ContractAssets
|
0 | usd |
CY2023Q4 | rp |
Contract Assets
ContractAssets
|
0 | usd |
CY2024Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
576402000 | usd |
CY2024Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
279910000 | usd |
CY2024Q2 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
257475000 | usd |
CY2024Q2 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
3000 | usd |
CY2024Q2 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
373000 | usd |
CY2024Q2 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
257105000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
225320000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
467000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
72000 | usd |
CY2023Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
225715000 | usd |
CY2024Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
94328000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
93443000 | usd |
CY2024Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
59444000 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
53801000 | usd |
CY2024Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
34884000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
39642000 | usd |
CY2024Q2 | us-gaap |
Depreciation
Depreciation
|
2800000 | usd |
CY2023Q2 | us-gaap |
Depreciation
Depreciation
|
3700000 | usd |
us-gaap |
Depreciation
Depreciation
|
5700000 | usd | |
us-gaap |
Depreciation
Depreciation
|
7600000 | usd | |
CY2024Q2 | us-gaap |
Goodwill
Goodwill
|
536400000 | usd |
CY2023Q4 | us-gaap |
Goodwill
Goodwill
|
536400000 | usd |
CY2024Q2 | rp |
Acquired Finite Lived Intangible Assets Gross
AcquiredFiniteLivedIntangibleAssetsGross
|
149974000 | usd |
CY2024Q2 | rp |
Acquired Finite Lived Intangible Assets Accumulated Amortization
AcquiredFiniteLivedIntangibleAssetsAccumulatedAmortization
|
96887000 | usd |
CY2024Q2 | rp |
Acquired Finite Lived Intangible Assets Net
AcquiredFiniteLivedIntangibleAssetsNet
|
53087000 | usd |
CY2023Q4 | rp |
Acquired Finite Lived Intangible Assets Gross
AcquiredFiniteLivedIntangibleAssetsGross
|
149974000 | usd |
CY2023Q4 | rp |
Acquired Finite Lived Intangible Assets Accumulated Amortization
AcquiredFiniteLivedIntangibleAssetsAccumulatedAmortization
|
87164000 | usd |
CY2023Q4 | rp |
Acquired Finite Lived Intangible Assets Net
AcquiredFiniteLivedIntangibleAssetsNet
|
62810000 | usd |
CY2024Q2 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
211354000 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
127335000 | usd |
CY2024Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
84019000 | usd |
CY2023Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
205345000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
110799000 | usd |
CY2023Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
94546000 | usd |
CY2024Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
8100000 | usd |
CY2023Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
8100000 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
16500000 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
15300000 | usd | |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
19373000 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
28630000 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
18799000 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
7163000 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
1600000 | usd |
CY2024Q2 | rp |
Finite Lived Intangible Asset Expected Amortization After Year Four1
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour1
|
3531000 | usd |
CY2024Q2 | rp |
Finite Lived Intangible Assets Including Completed Capitalized Internal Use Software Costs Net
FiniteLivedIntangibleAssetsIncludingCompletedCapitalizedInternalUseSoftwareCostsNet
|
79096000 | usd |
CY2024Q2 | rp |
Capitalized Computer Software Excluded
CapitalizedComputerSoftwareExcluded
|
4900000 | usd |
CY2024Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
27409000 | usd |
CY2023Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
31695000 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
52302000 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
61068000 | usd | |
CY2024Q1 | rp |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Vesting Installments
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfVestingInstallments
|
3 | installment |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
716270 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
12.26 | |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P1Y11M19D | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
32115000 | usd |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0 | ||
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
120322 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
11.66 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
4667000 | usd | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
450 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
7.73 | ||
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
595498 | shares |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
12.39 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P1Y8M8D | ||
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
18367000 | usd |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
595498 | shares |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
12.39 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P1Y8M8D | ||
CY2024Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
22146000 | usd |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
|
0.85 | ||
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8195000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-66782000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
10453000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-92697000 | usd | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
62496289 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
60470396 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
62201182 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
60180954 | shares | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
74250360 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
60470396 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
74135121 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
60180954 | shares | |
CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.13 | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.10 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.17 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.54 | ||
CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.11 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.10 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.14 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.54 | ||
CY2024Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
15546869 | shares |
CY2023Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
14391515 | shares |
CY2024Q2 | rp |
Income Tax Examination Amount Assessed By Taxing Authorities
IncomeTaxExaminationAmountAssessedByTaxingAuthorities
|
324000000 | ils |
CY2024Q2 | rp |
Income Tax Examination Amount Assessed By Taxing Authorities
IncomeTaxExaminationAmountAssessedByTaxingAuthorities
|
87000000 | usd |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment | |
CY2024Q2 | us-gaap |
Revenues
Revenues
|
207991000 | usd |
CY2023Q2 | us-gaap |
Revenues
Revenues
|
190422000 | usd |
us-gaap |
Revenues
Revenues
|
413092000 | usd | |
us-gaap |
Revenues
Revenues
|
373596000 | usd | |
CY2024Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
34884000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
39642000 | usd |
CY2023Q3 | rp |
Restructuring And Related Activities Workforce Reduction Percentage
RestructuringAndRelatedActivitiesWorkforceReductionPercentage
|
0.16 | |
CY2024Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
200000 | usd |
CY2023Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
3764000 | usd |
us-gaap |
Restructuring Charges
RestructuringCharges
|
190000 | usd | |
us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
3574000 | usd | |
CY2024Q2 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
0 | usd |
CY2024Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |