2024 Q1 Form 10-K Financial Statement

#000008894124000030 Filed on March 28, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2024
Revenue $192.9M $868.8M
YoY Change 15.18% 14.83%
Cost Of Revenue $101.5M $572.5M
YoY Change 50.44% 105.96%
Gross Profit $91.40M $296.3M
YoY Change -8.61% -38.1%
Gross Profit Margin 47.37% 34.1%
Selling, General & Admin $55.20M $220.2M
YoY Change -45.86% -6.61%
% of Gross Profit 60.39% 74.34%
Research & Development $41.51M $186.5M
YoY Change -21.54% 11.35%
% of Gross Profit 45.41% 62.94%
Depreciation & Amortization $8.864M $29.30M
YoY Change 979.66% 13.57%
% of Gross Profit 9.7% 9.89%
Operating Expenses $97.01M $1.241B
YoY Change -37.68% 221.59%
Operating Profit -$5.608M -$944.3M
YoY Change -89.92% -1117.6%
Interest Expense -$22.09M $95.81M
YoY Change 933.35% 442.97%
% of Operating Profit
Other Income/Expense, Net -$2.045M -$542.0K
YoY Change 178.23% -59.28%
Pretax Income -$645.8M -$306.0M
YoY Change 975.15% 410.4%
Income Tax -$3.345M $50.52M
% Of Pretax Income
Net Earnings -$642.4M -$1.092B
YoY Change 1159.21% -1879.13%
Net Earnings / Revenue -332.92% -125.7%
Basic Earnings Per Share -$17.03
Diluted Earnings Per Share -$9.98 -$17.03
COMMON SHARES
Basic Shares Outstanding 64.56M shares 64.13M shares
Diluted Shares Outstanding 64.13M shares

Balance Sheet

Concept 2024 Q1 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $143.1M $128.6M
YoY Change -42.3% -45.4%
Cash & Equivalents $128.6M $128.6M
Short-Term Investments $14.55M
Other Short-Term Assets $114.3M $109.0M
YoY Change 2.41% -7.53%
Inventory $145.0M $145.0M
Prepaid Expenses
Receivables $134.3M $134.3M
Other Receivables $17.30M $17.30M
Total Short-Term Assets $534.2M $534.2M
YoY Change -26.09% -26.09%
LONG-TERM ASSETS
Property, Plant & Equipment $153.6M $177.5M
YoY Change -9.26% 4.84%
Goodwill $541.2M
YoY Change -57.77%
Intangibles $35.57M
YoY Change -83.47%
Long-Term Investments $6.400M
YoY Change 0.0%
Other Assets $91.11M $85.26M
YoY Change -22.1% -52.83%
Total Long-Term Assets $839.5M $839.5M
YoY Change -54.54% -54.54%
TOTAL ASSETS
Total Short-Term Assets $534.2M $534.2M
Total Long-Term Assets $839.5M $839.5M
Total Assets $1.374B $1.374B
YoY Change -46.54% -46.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $45.05M $45.05M
YoY Change -55.25% -55.25%
Accrued Expenses $172.1M $121.3M
YoY Change -31.99% -52.06%
Deferred Revenue $19.09M
YoY Change -28.69%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $217.2M $217.2M
YoY Change -45.28% -45.28%
LONG-TERM LIABILITIES
Long-Term Debt $1.371B $1.371B
YoY Change 5.71% 5.71%
Other Long-Term Liabilities $91.96M $91.96M
YoY Change -19.83% -19.83%
Total Long-Term Liabilities $1.463B $1.463B
YoY Change 3.64% 3.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $217.2M $217.2M
Total Long-Term Liabilities $1.463B $1.463B
Total Liabilities $1.680B $1.681B
YoY Change -7.1% -7.31%
SHAREHOLDERS EQUITY
Retained Earnings -$233.8M
YoY Change -127.24%
Common Stock $486.2M
YoY Change 2.98%
Preferred Stock
YoY Change
Treasury Stock (at cost) $556.9M
YoY Change -3.64%
Treasury Stock Shares
Shareholders Equity -$307.4M -$307.4M
YoY Change
Total Liabilities & Shareholders Equity $1.374B $1.374B
YoY Change -46.54% -46.54%

Cashflow Statement

Concept 2024 Q1 2024
OPERATING ACTIVITIES
Net Income -$642.4M -$1.092B
YoY Change 1159.21% -1879.13%
Depreciation, Depletion And Amortization $8.864M $29.30M
YoY Change 979.66% 13.57%
Cash From Operating Activities $13.92M -$93.92M
YoY Change -174.04% -174.12%
INVESTING ACTIVITIES
Capital Expenditures $2.856M $29.19M
YoY Change -49.72% 3.04%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $6.425M $8.403M
YoY Change -100.52% -100.69%
Cash From Investing Activities $3.569M -$22.70M
YoY Change -100.29% -98.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $272.4M
YoY Change
Cash From Financing Activities -13.79M $10.55M
YoY Change -101.56% -99.02%
NET CHANGE
Cash From Operating Activities 13.92M -$93.92M
Cash From Investing Activities 3.569M -$22.70M
Cash From Financing Activities -13.79M $10.55M
Net Change In Cash 3.701M -$106.9M
YoY Change -100.97% 142.51%
FREE CASH FLOW
Cash From Operating Activities $13.92M -$93.92M
Capital Expenditures $2.856M $29.19M
Free Cash Flow $11.06M -$123.1M
YoY Change -145.19% -225.12%

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<div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Basis of Presentation</span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company reports results on the basis of 52 and 53-week periods and ends its fiscal year on the last Sunday in January. Fiscal years 2024, 2023 and 2022 each consisted of 52 weeks.</span></div>
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CY2024 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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CY2023 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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2301000 usd
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CY2024 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
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CY2024 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
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CY2023 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
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CY2022 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments And Tax
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CY2022 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
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CY2022 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
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CY2024 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2023 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2024 us-gaap Other Comprehensive Income Loss Before Tax
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CY2024 us-gaap Other Comprehensive Income Loss Tax
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CY2023 us-gaap Other Comprehensive Income Loss Tax
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CY2022 us-gaap Other Comprehensive Income Loss Tax
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CY2024Q1 us-gaap Available For Sale Securities Debt Securities
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CY2024 smtc Derivative Asset Statement Of Financial Position Extensible Enumeration Not Disclosed Flag
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CY2024Q1 us-gaap Goodwill
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CY2024 us-gaap Goodwill Impairment Loss
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CY2023Q3 us-gaap Goodwill Impairment Loss
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279600000 usd
CY2023Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2024Q1 us-gaap Goodwill Impairment Loss
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CY2023 us-gaap Goodwill Impairment Loss
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CY2024 smtc Amortization Of Intangible Assets Including Cost
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CY2023 smtc Amortization Of Intangible Assets Including Cost
AmortizationOfIntangibleAssetsIncludingCost
6482000 usd
CY2022 smtc Amortization Of Intangible Assets Including Cost
AmortizationOfIntangibleAssetsIncludingCost
4942000 usd
CY2023Q1 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P5Y3M18D
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
9994000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
9202000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4310000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
4154000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
3576000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
2415000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
33651000 usd
CY2024Q1 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
44763000 usd
CY2023Q1 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
56157000 usd
CY2024Q1 smtc Prepaid Expenses And Deposits Current
PrepaidExpensesAndDepositsCurrent
25058000 usd
CY2023Q1 smtc Prepaid Expenses And Deposits Current
PrepaidExpensesAndDepositsCurrent
21267000 usd
CY2024Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
17302000 usd
CY2023Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
12525000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
14545000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
12557000 usd
CY2024Q1 smtc Other Miscellaneous Assets Current
OtherMiscellaneousAssetsCurrent
12661000 usd
CY2023Q1 smtc Other Miscellaneous Assets Current
OtherMiscellaneousAssetsCurrent
9128000 usd
CY2024Q1 us-gaap Other Assets Current
OtherAssetsCurrent
114329000 usd
CY2023Q1 us-gaap Other Assets Current
OtherAssetsCurrent
111634000 usd
CY2024Q1 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
28756000 usd
CY2023Q1 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
32527000 usd
CY2024Q1 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
21456000 usd
CY2023Q1 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
69654000 usd
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
19092000 usd
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
26775000 usd
CY2024Q1 smtc Accrued Inventory Current
AccruedInventoryCurrent
12894000 usd
CY2023Q1 smtc Accrued Inventory Current
AccruedInventoryCurrent
6700000 usd
CY2024Q1 smtc Accrued Inventory Commitment Reserve Current
AccruedInventoryCommitmentReserveCurrent
10552000 usd
CY2023Q1 smtc Accrued Inventory Commitment Reserve Current
AccruedInventoryCommitmentReserveCurrent
12637000 usd
CY2024Q1 us-gaap Accrued Royalties Current And Noncurrent
AccruedRoyaltiesCurrentAndNoncurrent
8569000 usd
CY2023Q1 us-gaap Accrued Royalties Current And Noncurrent
AccruedRoyaltiesCurrentAndNoncurrent
23488000 usd
CY2024Q1 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
7412000 usd
CY2023Q1 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
4714000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6560000 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6209000 usd
CY2024Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
6277000 usd
CY2023Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
4039000 usd
CY2024Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
6095000 usd
CY2023Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
11452000 usd
CY2024Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
2924000 usd
CY2023Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
8522000 usd
CY2024Q1 smtc Accrued Research And Development Expense Current
AccruedResearchAndDevelopmentExpenseCurrent
1924000 usd
CY2023Q1 smtc Accrued Research And Development Expense Current
AccruedResearchAndDevelopmentExpenseCurrent
6806000 usd
CY2024Q1 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
541000 usd
CY2023Q1 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
1152000 usd
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
39053000 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
38400000 usd
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
172105000 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
253075000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1407125000 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1364500000 usd
CY2024Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2023Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
43104000 usd
CY2024Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
36086000 usd
CY2023Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
24430000 usd
CY2024Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1371039000 usd
CY2023Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1296966000 usd
CY2024Q1 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0586
CY2023Q1 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0484
CY2024 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
70000000 usd
CY2024 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
5000000 usd
CY2024 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
272400000 usd
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
10000000 usd
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
33000000 usd
CY2024 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
4400000 usd
CY2022Q4 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
72600000 usd
CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
8600000 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
8600000 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
51.15
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
51.15
CY2022Q4 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
42900000 usd
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
51.15
CY2022Q4 smtc Class Of Warrant Or Right And Debt Instrument Net Cash Premium
ClassOfWarrantOrRightAndDebtInstrumentNetCashPremium
29700000 usd
CY2024 us-gaap Interest Expense Debt
InterestExpenseDebt
94233000 usd
CY2023 us-gaap Interest Expense Debt
InterestExpenseDebt
11187000 usd
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
3665000 usd
CY2024 smtc Interest Income Expense Derivative Instrument
InterestIncomeExpenseDerivativeInstrument
10186000 usd
CY2023 smtc Interest Income Expense Derivative Instrument
InterestIncomeExpenseDerivativeInstrument
2217000 usd
CY2022 smtc Interest Income Expense Derivative Instrument
InterestIncomeExpenseDerivativeInstrument
-945000 usd
CY2024 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
7320000 usd
CY2023 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1421000 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
481000 usd
CY2024 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
4446000 usd
CY2023 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 usd
CY2022 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 usd
CY2024 smtc Debt Instrument Commitment Fee Amount
DebtInstrumentCommitmentFeeAmount
0 usd
CY2023 smtc Debt Instrument Commitment Fee Amount
DebtInstrumentCommitmentFeeAmount
7255000 usd
CY2022 smtc Debt Instrument Commitment Fee Amount
DebtInstrumentCommitmentFeeAmount
0 usd
CY2024 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-95813000 usd
CY2023 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-17646000 usd
CY2022 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-5091000 usd
CY2024 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
40170000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
39248000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
51189000 usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
541530 shares
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
CY2022 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
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
608000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
30.96
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2151000 usd
CY2023Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
68000 shares
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y4M24D
CY2024 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0 usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
107000 shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
31.14
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
501000 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
30.92
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
8000 usd
CY2024Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
201000 shares
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P4Y6M
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
201000 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
33.35
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
8000 usd
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y
CY2024Q1 us-gaap Share Price
SharePrice
20.59
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
3400000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
4876938 shares
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-306039000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-59961000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-16593000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-735516000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
138428000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
155662000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1041555000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
78467000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
139069000 usd
CY2024 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1758000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
8291000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1078000 usd
CY2024 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
17000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
211000 usd
CY2024 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
8750000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
24231000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
16374000 usd
CY2024 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
10509000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
32539000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
17663000 usd
CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
50938000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-23730000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1797000 usd
CY2024 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
51000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-28000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
CY2024 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-10979000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
8563000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-327000 usd
CY2024 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
40010000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-15195000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2124000 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
50519000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17344000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15539000 usd
CY2024 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-218726000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
16478000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
29194000 usd
CY2024 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-9989000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-4134000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
272000 usd
CY2024 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-36408000 usd
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-11636000 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-6611000 usd
CY2024 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
6054000 usd
CY2023 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
6922000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
9008000 usd
CY2024 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
149209000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
6500000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1778000 usd
CY2024 smtc Effective Income Tax Rate Reconciliation Gain On Asset Transfer Amount
EffectiveIncomeTaxRateReconciliationGainOnAssetTransferAmount
0 usd
CY2023 smtc Effective Income Tax Rate Reconciliation Gain On Asset Transfer Amount
EffectiveIncomeTaxRateReconciliationGainOnAssetTransferAmount
8735000 usd
CY2022 smtc Effective Income Tax Rate Reconciliation Gain On Asset Transfer Amount
EffectiveIncomeTaxRateReconciliationGainOnAssetTransferAmount
0 usd
CY2024 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
1877000 usd
CY2023 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
826000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
180000 usd
CY2024 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
2929000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
430000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-2698000 usd
CY2024 smtc Effective Income Tax Reconciliation Revaluationof Deferred Tax Assetsand Liabilities
EffectiveIncomeTaxReconciliationRevaluationofDeferredTaxAssetsandLiabilities
0 usd
CY2023 smtc Effective Income Tax Reconciliation Revaluationof Deferred Tax Assetsand Liabilities
EffectiveIncomeTaxReconciliationRevaluationofDeferredTaxAssetsandLiabilities
7385000 usd
CY2022 smtc Effective Income Tax Reconciliation Revaluationof Deferred Tax Assetsand Liabilities
EffectiveIncomeTaxReconciliationRevaluationofDeferredTaxAssetsandLiabilities
441000 usd
CY2024 smtc Effective Income Tax Reconciliation Tax Cutsand Jobs Act Aggregate Impact
EffectiveIncomeTaxReconciliationTaxCutsandJobsActAggregateImpact
0 usd
CY2023 smtc Effective Income Tax Reconciliation Tax Cutsand Jobs Act Aggregate Impact
EffectiveIncomeTaxReconciliationTaxCutsandJobsActAggregateImpact
13729000 usd
CY2022 smtc Effective Income Tax Reconciliation Tax Cutsand Jobs Act Aggregate Impact
EffectiveIncomeTaxReconciliationTaxCutsandJobsActAggregateImpact
0 usd
CY2024 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
193699000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
0 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
0 usd
CY2024 smtc Effective Income Tax Rate Reconciliation Nondeductible Expense Officer Compensation Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOfficerCompensationAmount
741000 usd
CY2023 smtc Effective Income Tax Rate Reconciliation Nondeductible Expense Officer Compensation Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOfficerCompensationAmount
1326000 usd
CY2022 smtc Effective Income Tax Rate Reconciliation Nondeductible Expense Officer Compensation Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOfficerCompensationAmount
3052000 usd
CY2024 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
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