2024 Q3 Form 10-K Financial Statement

#000179478324000061 Filed on September 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2024
Revenue $292.3M $307.2M $1.322B
YoY Change 25.58% 38.52% 31.8%
Cost Of Revenue $129.5M $185.2M $405.0M
YoY Change 54.18% 35.27% 79.23%
Gross Profit $162.7M $122.0M $916.8M
YoY Change 9.42% 43.77% 18.01%
Gross Profit Margin 55.68% 39.72% 69.36%
Selling, General & Admin $36.15M $122.4M $141.0M
YoY Change 26.09% 2.58% 3.31%
% of Gross Profit 22.21% 100.32% 15.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.599M $6.407M $25.00M
YoY Change -6.51% -5.7% -10.34%
% of Gross Profit 3.44% 5.25% 2.73%
Operating Expenses $36.15M $123.4M $141.0M
YoY Change -85.19% 2.39% -84.81%
Operating Profit -$11.98M -$1.391M $64.55M
YoY Change -46.57% -96.1% 457.28%
Interest Expense $23.03M -$23.41M $93.55M
YoY Change 7.64% 7.78% 16.06%
% of Operating Profit 144.93%
Other Income/Expense, Net -$12.00K -$14.00K -$65.00K
YoY Change -68.42% 366.67% -46.28%
Pretax Income -$35.02M -$24.82M -$29.07M
YoY Change -20.14% -56.76% -57.96%
Income Tax $9.500M $6.202M $5.059M
% Of Pretax Income
Net Earnings -$44.55M -$31.02M -$34.13M
YoY Change 43.46% -35.16% -41.71%
Net Earnings / Revenue -15.24% -10.1% -2.58%
Basic Earnings Per Share -$0.26 -$0.20
Diluted Earnings Per Share -$0.26 -$0.18 -$0.20
COMMON SHARES
Basic Shares Outstanding 171.4M shares 169.2M shares 168.5M shares
Diluted Shares Outstanding 170.4M shares 168.5M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.44M $42.69M $42.69M
YoY Change -78.47% -48.66% -48.66%
Cash & Equivalents $10.44M $42.69M $42.69M
Short-Term Investments
Other Short-Term Assets $20.14M $20.33M $10.58M
YoY Change 23.12% 41.6% 49.95%
Inventory $8.758M $8.758M
Prepaid Expenses $5.555M
Receivables $99.53M $150.0M $150.0M
Other Receivables $176.8M $119.9M $120.9M
Total Short-Term Assets $306.9M $332.9M $332.9M
YoY Change -10.03% -8.34% -8.34%
LONG-TERM ASSETS
Property, Plant & Equipment $40.78M $42.41M $42.41M
YoY Change -14.32% -16.87% -16.87%
Goodwill $29.44M $29.44M
YoY Change 1.04% 1.04%
Intangibles $9.162M $10.19M
YoY Change -2.97% -0.06%
Long-Term Investments
YoY Change
Other Assets $3.359M $3.519M $3.519M
YoY Change -82.23% -83.7% -83.7%
Total Long-Term Assets $840.0M $861.0M $861.0M
YoY Change 1.32% 0.58% 0.58%
TOTAL ASSETS
Total Short-Term Assets $306.9M $332.9M $332.9M
Total Long-Term Assets $840.0M $861.0M $861.0M
Total Assets $1.147B $1.194B $1.194B
YoY Change -1.99% -2.08% -2.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $51.11M $36.59M $36.59M
YoY Change 59.89% 32.67% 32.67%
Accrued Expenses $64.91M $79.21M $79.21M
YoY Change 6.06% 9.81% 9.81%
Deferred Revenue $2.952M $8.066M
YoY Change -48.72% 377.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $43.29M $45.85M $45.98M
YoY Change 27.76% 35.33% 35.21%
Total Short-Term Liabilities $166.7M $174.6M $174.6M
YoY Change 21.94% 27.2% 27.2%
LONG-TERM LIABILITIES
Long-Term Debt $637.2M $637.5M $637.5M
YoY Change -3.63% -4.08% -4.09%
Other Long-Term Liabilities $2.954M $1.877M $27.50M
YoY Change 3.87% -35.85% -10.49%
Total Long-Term Liabilities $640.1M $639.4M $665.0M
YoY Change -3.6% -4.22% -4.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $166.7M $174.6M $174.6M
Total Long-Term Liabilities $640.1M $639.4M $665.0M
Total Liabilities $877.4M $877.1M $877.1M
YoY Change 2.82% 0.55% 0.55%
SHAREHOLDERS EQUITY
Retained Earnings -$314.3M -$269.8M
YoY Change 17.86% 14.48%
Common Stock $1.715M $1.694M
YoY Change 2.27% 1.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $269.4M $316.8M $316.8M
YoY Change
Total Liabilities & Shareholders Equity $1.147B $1.194B $1.194B
YoY Change -1.99% -2.08% -2.08%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2024
OPERATING ACTIVITIES
Net Income -$44.55M -$31.02M -$34.13M
YoY Change 43.46% -35.16% -41.71%
Depreciation, Depletion And Amortization $5.599M $6.407M $25.00M
YoY Change -6.51% -5.7% -10.34%
Cash From Operating Activities -$16.61M $20.00M $15.24M
YoY Change -29.83% -405.64% -178.63%
INVESTING ACTIVITIES
Capital Expenditures $442.0K $2.487M $3.382M
YoY Change -28.25% 9.8% 133.72%
Acquisitions $3.433M
YoY Change
Other Investing Activities $0.00 -$3.433M -$3.180M
YoY Change -100.0%
Cash From Investing Activities -$2.574M -$5.920M -$14.85M
YoY Change 20.0% 161.37% 62.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$13.06M -9.193M -$40.86M
YoY Change 47.53% 10715.29% 39.25%
NET CHANGE
Cash From Operating Activities -$16.61M 20.00M $15.24M
Cash From Investing Activities -$2.574M -5.920M -$14.85M
Cash From Financing Activities -$13.06M -9.193M -$40.86M
Net Change In Cash -$32.25M 4.882M -$40.47M
YoY Change -6.99% -154.9% -30.04%
FREE CASH FLOW
Cash From Operating Activities -$16.61M $20.00M $15.24M
Capital Expenditures $442.0K $2.487M $3.382M
Free Cash Flow -$17.05M $17.51M $11.85M
YoY Change -29.79% -298.8% -156.92%

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<div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span><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 accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of revenues, expenses, assets, and liabilities and disclosure of contingent assets and liabilities. The Company regularly assesses these estimates; however, actual amounts could differ from those estimates. The most significant items involving management’s estimates include estimates of revenue recognition, accounts receivable, net, commissions receivable, the provision for income taxes, share-based compensation, and valuation of intangible assets and goodwill. The impact of changes in estimates is recorded in the period in which they become known.</span></div>
CY2024 us-gaap Concentration Risk Credit Risk
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<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentrations of Credit Risk</span>—Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of accounts and commissions receivable. The Company believes the potential for collection issues with any of its customers is minimal as of June 30, 2024, based on the lack of collection issues in the past and the high financial standards the Company requires of its customers.
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CY2023Q2 slqt Lease Right Of Use Asset
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CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
9388000 usd
CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
17000 usd
CY2023 slqt Leases Payments For Operating Activities
LeasesPaymentsForOperatingActivities
9405000 usd
CY2024 slqt Operating Leases Payments For Financing Activities
OperatingLeasesPaymentsForFinancingActivities
0 usd
CY2024 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
149000 usd
CY2024 slqt Leases Payments For Financing Activities
LeasesPaymentsForFinancingActivities
149000 usd
CY2023 slqt Operating Leases Payments For Financing Activities
OperatingLeasesPaymentsForFinancingActivities
0 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
156000 usd
CY2023 slqt Leases Payments For Financing Activities
LeasesPaymentsForFinancingActivities
156000 usd
CY2024 slqt Right Of Use Asset Obtained In Exchange For Operating Lease Liability Net
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityNet
1307000 usd
CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
120000 usd
CY2024 slqt Right Of Use Asset Obtained In Exchange For Lease Liability
RightOfUseAssetObtainedInExchangeForLeaseLiability
1427000 usd
CY2023 slqt Right Of Use Asset Obtained In Exchange For Operating Lease Liability Net
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityNet
-347000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
116000 usd
CY2023 slqt Right Of Use Asset Obtained In Exchange For Lease Liability
RightOfUseAssetObtainedInExchangeForLeaseLiability
-231000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y11M1D
CY2024Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y10M2D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y1M9D
CY2023Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y6M18D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1180
CY2024Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0996
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1033
CY2023Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.1081
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
7911000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
140000 usd
CY2024Q2 slqt Lease Liability To Be Paid Year One
LeaseLiabilityToBePaidYearOne
8051000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
7377000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
38000 usd
CY2024Q2 slqt Lease Liability To Be Paid Year Two
LeaseLiabilityToBePaidYearTwo
7415000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
6536000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
32000 usd
CY2024Q2 slqt Lease Liability To Be Paid Year Three
LeaseLiabilityToBePaidYearThree
6568000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
6049000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2024Q2 slqt Lease Liability To Be Paid Year Four
LeaseLiabilityToBePaidYearFour
6049000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
6127000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 usd
CY2024Q2 slqt Lease Liability To Be Paid Year Five
LeaseLiabilityToBePaidYearFive
6127000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
8826000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2024Q2 slqt Lease Liability To Be Paid After Year Five
LeaseLiabilityToBePaidAfterYearFive
8826000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
42826000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
210000 usd
CY2024Q2 slqt Lease Liability Payment Due
LeaseLiabilityPaymentDue
43036000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
12432000 usd
CY2024Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
14000 usd
CY2024Q2 slqt Lease Liability Undiscounted Excess Amount
LeaseLiabilityUndiscountedExcessAmount
12446000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
30394000 usd
CY2024Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
196000 usd
CY2024Q2 slqt Lease Liability
LeaseLiability
30590000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
2548000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
2587000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
2180000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
1931000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
1931000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
161000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
11338000 usd
CY2024Q2 us-gaap Cash
Cash
42383000 usd
CY2023Q2 us-gaap Cash
Cash
51231000 usd
CY2024Q2 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
307000 usd
CY2023Q2 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
31925000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
42690000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
83156000 usd
CY2024Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
5555000 usd
CY2023Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
7057000 usd
CY2024Q2 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
5027000 usd
CY2023Q2 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
0 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
8758000 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
5567000 usd
CY2024Q2 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
987000 usd
CY2023Q2 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
1731000 usd
CY2024Q2 us-gaap Other Assets Current
OtherAssetsCurrent
20327000 usd
CY2023Q2 us-gaap Other Assets Current
OtherAssetsCurrent
14355000 usd
CY2024Q2 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
4653000 usd
CY2023Q2 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
1142000 usd
CY2024Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
130000 usd
CY2023Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
127000 usd
CY2024Q2 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
90000 usd
CY2023Q2 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
703000 usd
CY2024Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
4873000 usd
CY2023Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1972000 usd
CY2024Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
66000 usd
CY2023Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
98000 usd
CY2024Q2 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
788000 usd
CY2023Q2 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
1779000 usd
CY2024Q2 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
1023000 usd
CY2023Q2 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
1049000 usd
CY2024Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1877000 usd
CY2023Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2926000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
24614000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
14420000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10194000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
42906000 usd
CY2023Q2 slqt Finite Lived Intangible Assets Impairment Charges
FiniteLivedIntangibleAssetsImpairmentCharges
15644000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
17062000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10200000 usd
CY2024 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 usd
CY2024 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3300000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5400000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6600000 usd
CY2024 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P2Y8M12D
CY2023 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P3Y7M6D
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4011000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3431000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2752000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10194000 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.02
CY2024 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
5500000 usd
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
4500000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3000000 usd
CY2024Q2 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
3400000 usd
CY2023Q2 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
2800000 usd
CY2024 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
10781000 usd
CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
7011000 usd
CY2024 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
3600000 usd
CY2024 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
10781000 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4869000 usd
CY2023Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
9001000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
683334000 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
698508000 usd
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
45854000 usd
CY2023Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
33883000 usd
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
637480000 usd
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
664625000 usd
CY2024Q2 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
41800000 usd
CY2024Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
34500000 usd
CY2024 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6100000 usd
CY2023 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
8700000 usd
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5500000 usd
CY2024 slqt Share Based Compensation Arrangement By Share Based Payment Award Number Of Share Based Compensation Plans
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfShareBasedCompensationPlans
2 plan
CY2024 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13816000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11183000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6515000 usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.360
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.014
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2024 slqt Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedForfeitureRate
0
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2024 slqt Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageFairValue
3.36
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3847339 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11.56
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2024 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
46769 shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.74
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
122606 shares
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
7.99
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3677964 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11.81
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y4M24D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
744000 usd
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2492868 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
11.97
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
630000 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
2000000 usd
CY2024 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y2M12D
CY2024 slqt Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Performance Adjustment Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformanceAdjustmentWeightedAverageGrantDateFairValue
0
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1321776000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1002848000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
764045000 usd
CY2022Q2 slqt Contract With Customer Commissions Receivable Net
ContractWithCustomerCommissionsReceivableNet
838626000 usd
CY2023 slqt Contract With Customer Commission Revenue Recognized
ContractWithCustomerCommissionRevenueRecognized
259933000 usd
CY2023 slqt Contract With Customer Commissions Receivable Adjustment Change In Estimate
ContractWithCustomerCommissionsReceivableAdjustmentChangeInEstimate
7442000 usd
CY2023 slqt Contract With Customer Commissions Receivable Change In Estimate From Mutual Contact Termination
ContractWithCustomerCommissionsReceivableChangeInEstimateFromMutualContactTermination
-10427000 usd
CY2023 slqt Contract With Customer Transfer To Accounts Receivable
ContractWithCustomerTransferToAccountsReceivable
240192000 usd
CY2023Q2 slqt Contract With Customer Commissions Receivable Net
ContractWithCustomerCommissionsReceivableNet
840498000 usd
CY2024 slqt Contract With Customer Commission Revenue Recognized
ContractWithCustomerCommissionRevenueRecognized
279575000 usd
CY2024 slqt Contract With Customer Commissions Receivable Adjustment Change In Estimate
ContractWithCustomerCommissionsReceivableAdjustmentChangeInEstimate
-3436000 usd
CY2024 slqt Contract With Customer Transfer To Accounts Receivable
ContractWithCustomerTransferToAccountsReceivable
242192000 usd
CY2024Q2 slqt Contract With Customer Commissions Receivable Net
ContractWithCustomerCommissionsReceivableNet
881317000 usd
CY2024 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
3400000 usd
CY2023 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
7400000 usd
CY2023 slqt Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Estimate Related To Termination Of Contract
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInEstimateRelatedToTerminationOfContract
10400000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3404000 usd
CY2023 slqt Contract With Customer Liability Commission Revenue From Revenue Recognized
ContractWithCustomerLiabilityCommissionRevenueFromRevenueRecognized
-76039000 usd
CY2023 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
74326000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1691000 usd
CY2024 slqt Contract With Customer Liability Commission Revenue From Revenue Recognized
ContractWithCustomerLiabilityCommissionRevenueFromRevenueRecognized
-30927000 usd
CY2024 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
37302000 usd
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
8066000 usd
CY2024 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
2523000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
102000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2024 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1286000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
544000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
479000 usd
CY2024 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3809000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
646000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
479000 usd
CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2805000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-12365000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-77242000 usd
CY2024 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
4055000 usd
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