2019 Q4 Form 10-K Financial Statement

#000113155420000025 Filed on March 16, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q1 2018 Q4
Revenue $90.59M $88.11M $82.10M
YoY Change 10.34% 5.25% -22.73%
Cost Of Revenue $42.40M $39.00M $31.00M
YoY Change 36.77% -12.36% -26.37%
Gross Profit $48.10M $49.20M $51.10M
YoY Change -5.87% 25.51% -20.4%
Gross Profit Margin 53.1% 55.84% 62.24%
Selling, General & Admin $29.90M $29.25M $22.70M
YoY Change 31.72% -23.26% -55.49%
% of Gross Profit 62.16% 59.44% 44.42%
Research & Development $18.30M $19.68M $19.40M
YoY Change -5.67% -5.86% -17.8%
% of Gross Profit 38.05% 40.0% 37.96%
Depreciation & Amortization $18.10M $20.14M $26.80M
YoY Change -32.46% -13.44% 17.54%
% of Gross Profit 37.63% 40.94% 52.45%
Operating Expenses $66.40M $48.93M $89.50M
YoY Change -25.81% -17.09% -9.04%
Operating Profit -$18.19M -$20.34M -$42.31M
YoY Change -57.01% -54.02% 27.36%
Interest Expense $400.0K $585.0K -$29.40M
YoY Change -101.36% -53.09% 93.42%
% of Operating Profit
Other Income/Expense, Net $7.400M $463.0K -$65.70M
YoY Change -111.26% -89.19% 226.87%
Pretax Income -$10.40M -$21.13M -$135.7M
YoY Change -92.34% -44.18% 38.75%
Income Tax -$4.400M -$1.400M -$16.30M
% Of Pretax Income
Net Earnings -$14.68M -$27.59M -$101.9M
YoY Change -85.6% -31.11% -1033.66%
Net Earnings / Revenue -16.2% -31.31% -124.12%
Basic Earnings Per Share -$0.36 -$0.68 -$2.56
Diluted Earnings Per Share -$0.36 -$0.68 -$2.56
COMMON SHARES
Basic Shares Outstanding 45.06M shares 40.32M shares 42.47M shares
Diluted Shares Outstanding 40.32M shares

Balance Sheet

Concept 2019 Q4 2019 Q1 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.00M $108.4M $132.0M
YoY Change -70.45% -65.3% -17.19%
Cash & Equivalents $38.99M $88.77M $103.8M
Short-Term Investments $11.00K $19.67M $28.23M
Other Short-Term Assets $4.792M $10.05M $8.508M
YoY Change -43.68% -72.17% -11.38%
Inventory
Prepaid Expenses $33.23M $41.93M $45.06M
Receivables $65.86M $108.9M $102.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $142.9M $270.9M $294.5M
YoY Change -51.47% -30.65% -20.63%
LONG-TERM ASSETS
Property, Plant & Equipment $26.53M $52.13M $67.94M
YoY Change -60.96% -47.72% -39.25%
Goodwill $223.0M $223.4M $224.9M
YoY Change -0.86% -6.95% -5.23%
Intangibles
YoY Change
Long-Term Investments $0.00 $376.0K $1.619M
YoY Change -100.0% -98.76% -95.23%
Other Assets $8.054M $10.01M $8.982M
YoY Change -10.33% 95.19% 71.54%
Total Long-Term Assets $389.1M $443.8M $408.8M
YoY Change -4.81% -25.08% -31.23%
TOTAL ASSETS
Total Short-Term Assets $142.9M $270.9M $294.5M
Total Long-Term Assets $389.1M $443.8M $408.8M
Total Assets $532.0M $714.6M $703.3M
YoY Change -24.35% -27.29% -27.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.55M $18.95M $13.58M
YoY Change 58.74% 30.51% 127.82%
Accrued Expenses $65.99M $52.88M $59.55M
YoY Change 10.82% -18.23% -18.14%
Deferred Revenue $65.86M $65.08M $57.10M
YoY Change 15.34% -24.7%
Short-Term Debt $0.00 $97.21M $113.5M
YoY Change -100.0%
Long-Term Debt Due $0.00 $97.21M $113.5M
YoY Change -100.0%
Total Short-Term Liabilities $153.4M $234.1M $243.8M
YoY Change -37.07% 105.52% 26.64%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $4.589M $7.504M $10.80M
YoY Change -57.5% 19.97% 74.29%
Total Long-Term Liabilities $4.589M $7.504M $10.80M
YoY Change -57.5% 19.97% -95.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $153.4M $234.1M $243.8M
Total Long-Term Liabilities $4.589M $7.504M $10.80M
Total Liabilities $158.0M $241.6M $254.6M
YoY Change -37.94% 101.07% -40.3%
SHAREHOLDERS EQUITY
Retained Earnings -$334.3M -$249.8M -$233.3M
YoY Change 43.3% 357.4% 4552.95%
Common Stock $525.7M $533.2M $534.7M
YoY Change -1.67% -13.37% -10.52%
Preferred Stock
YoY Change
Treasury Stock (at cost) $82.09M $82.09M $82.09M
YoY Change 0.0% -45.43% -22.25%
Treasury Stock Shares 7.162M shares 7.162M shares 7.162M shares
Shareholders Equity $76.08M $169.4M $188.9M
YoY Change
Total Liabilities & Shareholders Equity $532.0M $714.6M $703.3M
YoY Change -24.35% -27.29% -27.15%

Cashflow Statement

Concept 2019 Q4 2019 Q1 2018 Q4
OPERATING ACTIVITIES
Net Income -$14.68M -$27.59M -$101.9M
YoY Change -85.6% -31.11% -1033.66%
Depreciation, Depletion And Amortization $18.10M $20.14M $26.80M
YoY Change -32.46% -13.44% 17.54%
Cash From Operating Activities $20.80M -$5.684M $29.30M
YoY Change -29.01% -39.46% -271.35%
INVESTING ACTIVITIES
Capital Expenditures -$4.800M $2.627M -$6.400M
YoY Change -25.0% 140.35% 106.45%
Acquisitions
YoY Change
Other Investing Activities $6.500M $14.90M -$18.80M
YoY Change -134.57% -386.54% -102.03%
Cash From Investing Activities $1.700M $9.598M -$25.30M
YoY Change -106.72% -171.81% -102.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -300.0K -$23.46M -121.1M
YoY Change -99.75% -127.24% -85.96%
NET CHANGE
Cash From Operating Activities 20.80M -$5.684M 29.30M
Cash From Investing Activities 1.700M $9.598M -25.30M
Cash From Financing Activities -300.0K -$23.46M -121.1M
Net Change In Cash 22.20M -$19.57M -117.1M
YoY Change -118.96% -129.82% -363.74%
FREE CASH FLOW
Cash From Operating Activities $20.80M -$5.684M $29.30M
Capital Expenditures -$4.800M $2.627M -$6.400M
Free Cash Flow $25.60M -$8.311M $35.70M
YoY Change -28.29% -20.71% -355.0%

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28230000 USD
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0 USD
CY2018Q4 us-gaap Available For Sale Securities Noncurrent
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0 USD
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9494000 USD
CY2019Q4 us-gaap Capital Lease Obligations Noncurrent
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CY2018 us-gaap Capitalized Computer Software Amortization1
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CY2019 us-gaap Capitalized Computer Software Amortization1
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1000000 USD
CY2018 us-gaap Capitalized Computer Software Impairments1
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500000 USD
CY2019 us-gaap Capitalized Computer Software Impairments1
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CY2018Q4 us-gaap Capitalized Computer Software Net
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CY2019Q4 us-gaap Capitalized Computer Software Net
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109860000 USD
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39001000 USD
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34692000 USD
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CY2019Q4 us-gaap Commitments And Contingencies
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CY2018Q4 us-gaap Common Stock Shares Authorized
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CY2019Q4 us-gaap Common Stock Shares Authorized
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100000000 shares
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CY2019Q4 us-gaap Common Stock Shares Issued
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CY2019Q4 us-gaap Common Stock Shares Outstanding
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-234002000 USD
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-106345000 USD
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CY2019Q4 us-gaap Contract With Customer Liability
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266674000 USD
CY2018Q4 us-gaap Contract With Customer Liability Current
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57101000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
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59841000 USD
CY2019Q4 us-gaap Contract With Customer Liability Noncurrent
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21941000 USD
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CY2018Q1 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
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CY2018 us-gaap Cost Method Investments Realized Gain Loss
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CY2017 us-gaap Cost Of Services Excluding Depreciation Depletion And Amortization
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CY2018 us-gaap Cost Of Services Excluding Depreciation Depletion And Amortization
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158802000 USD
CY2019 us-gaap Cost Of Services Excluding Depreciation Depletion And Amortization
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150407000 USD
CY2017 us-gaap Costs And Expenses
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CY2018Q1 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
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CY2017 us-gaap Current Federal Tax Expense Benefit
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CY2019 us-gaap Current Federal Tax Expense Benefit
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CY2017 us-gaap Current Foreign Tax Expense Benefit
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4817000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
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2612000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
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2048000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
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CY2018 us-gaap Current State And Local Tax Expense Benefit
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CY2019 us-gaap Current State And Local Tax Expense Benefit
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CY2018Q4 us-gaap Debt Instrument Carrying Amount
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CY2019Q4 us-gaap Debt Instrument Carrying Amount
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CY2018Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
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14900000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
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CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2017 us-gaap Deferred Income Tax Expense Benefit
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CY2018 us-gaap Deferred Income Tax Expense Benefit
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CY2019 us-gaap Deferred Income Tax Expense Benefit
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CY2019Q4 us-gaap Deferred Income Tax Liabilities
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CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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10880000 USD
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3208000 USD
CY2018Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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88000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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78000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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1108000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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9291000 USD
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776000 USD
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0 USD
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2019Q4 us-gaap Deferred Tax Liabilities
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1679000 USD
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2600000 USD
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2200000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
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2900000 USD
CY2017 us-gaap Depreciation
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57000000 USD
CY2018 us-gaap Depreciation
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55800000 USD
CY2019 us-gaap Depreciation
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CY2017 us-gaap Depreciation Depletion And Amortization
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94884000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
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117654000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
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77036000 USD
CY2017 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
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122842000 USD
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-18288000 USD
CY2019 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
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0 USD
CY2017 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
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CY2018 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
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0 USD
CY2019 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
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0 USD
CY2017 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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4947000 USD
CY2018 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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0 USD
CY2019 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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0 USD
CY2019 us-gaap Dividends
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0 USD
CY2018Q4 us-gaap Dividends Payable Current
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7075000 USD
CY2019Q4 us-gaap Dividends Payable Current
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7873000 USD
CY2018 us-gaap Dividends Preferred Stock
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24331000 USD
CY2019 us-gaap Dividends Preferred Stock
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29877000 USD
CY2017 us-gaap Dividends Preferred Stock Paidinkind
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0 USD
CY2018 us-gaap Dividends Preferred Stock Paidinkind
DividendsPreferredStockPaidinkind
7075000 USD
CY2019 us-gaap Dividends Preferred Stock Paidinkind
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22005000 USD
CY2017 us-gaap Earnings Per Share Basic
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CY2018Q4 us-gaap Earnings Per Share Basic
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CY2018 us-gaap Earnings Per Share Basic
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CY2019Q1 us-gaap Earnings Per Share Basic
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CY2019Q4 us-gaap Earnings Per Share Basic
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-0.36
CY2019 us-gaap Earnings Per Share Basic
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-3.36
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CY2018Q4 us-gaap Earnings Per Share Diluted
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CY2018 us-gaap Earnings Per Share Diluted
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-6.05
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-0.68
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CY2019Q3 us-gaap Earnings Per Share Diluted
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CY2019Q4 us-gaap Earnings Per Share Diluted
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-0.36
CY2019 us-gaap Earnings Per Share Diluted
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-3.36
CY2017 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2018 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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-1729000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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-1562000 USD
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
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0.150
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
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0.070
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
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-0.021
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.070
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.170
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.067
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.030
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.020
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.020
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.043
CY2017 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
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-0.010
CY2018 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
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-0.010
CY2019 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
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0.002
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
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-0.020
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
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-0.003
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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-0.020
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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-0.020
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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-0.025
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.020
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.010
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.014
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.010
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.030
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.008
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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0.000
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0.010
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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0.006
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0.000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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0.000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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0.005
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26840000 USD
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26507000 USD
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30800000 USD
CY2019 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P1Y10M21D
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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3921000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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5387000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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3455000 USD
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12500000 USD
CY2019Q4 us-gaap Equity Fair Value Disclosure
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12500000 USD
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1619000 USD
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0 USD
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17000 USD
CY2018 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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0 USD
CY2019 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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0 USD
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4367000 USD
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-3849000 USD
CY2019 us-gaap Fair Value Adjustment Of Warrants
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0 USD
CY2017 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
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14562000 USD
CY2018 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
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84314000 USD
CY2019 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
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0 USD
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166201000 USD
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196199000 USD
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5973000 USD
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24691000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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5151000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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5749000 USD
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12606000 USD
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17047000 USD
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264907000 USD
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273812000 USD
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98706000 USD
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77613000 USD
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-4952000 USD
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31000 USD
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4947000 USD
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-277000 USD
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-15000 USD
CY2017 us-gaap Gain Loss On Disposition Of Intangible Assets
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0 USD
CY2018 us-gaap Gain Loss On Disposition Of Intangible Assets
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0 USD
CY2019 us-gaap Gain Loss On Disposition Of Intangible Assets
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5429000 USD
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0 USD
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4495000 USD
CY2019 us-gaap Gain Loss Related To Litigation Settlement
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0 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
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CY2018 us-gaap Gains Losses On Extinguishment Of Debt
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1760000 USD
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822000 USD
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224899000 USD
CY2019Q4 us-gaap Goodwill
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222969000 USD
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2156000 USD
CY2019 us-gaap Goodwill Acquired During Period
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0 USD
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-5460000 USD
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-1930000 USD
CY2017 us-gaap Goodwill Impairment Loss
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0 USD
CY2018 us-gaap Goodwill Impairment Loss
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9100000 USD
CY2019 us-gaap Goodwill Impairment Loss
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0 USD
CY2017 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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1000000 USD
CY2018 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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11000000 USD
CY2019 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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0 USD
CY2017 us-gaap Income Loss From Continuing Operations
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CY2018 us-gaap Income Loss From Continuing Operations
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CY2019 us-gaap Income Loss From Continuing Operations
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-136727000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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-210214000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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-216589000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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-104445000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-229087000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-263174000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-101293000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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-18873000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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-46585000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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3152000 USD
CY2017 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-194224000 USD
CY2018 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-245280000 USD
CY2019 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-103467000 USD
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-4.14
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-0.95
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-1.20
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-1.38
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-3.01
CY2018 us-gaap Income Loss From Continuing Operations Per Basic Share
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-6.51
CY2019Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
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-0.68
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-0.61
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-1.70
CY2019Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
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-0.36
CY2019 us-gaap Income Loss From Continuing Operations Per Basic Share
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-3.36
CY2017 us-gaap Income Loss From Continuing Operations Per Diluted Share
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-4.14
CY2018Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2018Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2018Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2018Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2018 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2019Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2019Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2019 us-gaap Income Loss From Continuing Operations Per Diluted Share
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-3.36
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax
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75495000 USD
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax
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18288000 USD
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax
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0 USD
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1.69
CY2018Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
CY2018Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
CY2018Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
CY2018Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.45
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0.46
CY2019Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
CY2019Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
CY2019Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
CY2019Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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1.69
CY2018Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
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0.00
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0.00
CY2018Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.45
CY2019Q4 us-gaap Operating Lease Liability
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69449000 USD
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P7Y7M17D
CY2019Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
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0.00
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.46
CY2019Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
CY2018 us-gaap Income Loss From Equity Method Investments
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CY2019 us-gaap Income Loss From Equity Method Investments
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CY2017 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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CY2018 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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CY2019Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
CY2017 us-gaap Income Loss From Equity Method Investments
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CY2019 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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CY2017 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit
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2174000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Credits Research
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0 USD
CY2018 us-gaap Income Tax Reconciliation Tax Credits Research
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0 USD
CY2019 us-gaap Income Tax Reconciliation Tax Credits Research
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1039000 USD
CY2017 us-gaap Income Taxes Paid
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7612000 USD
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22549000 USD
CY2019 us-gaap Income Taxes Paid
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3598000 USD
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CY2018 us-gaap Increase Decrease In Accounts Payable
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6846000 USD
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8879000 USD
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21521000 USD
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-10891000 USD
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-4949000 USD
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CY2019 us-gaap Increase Decrease In Accrued Liabilities
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2115000 USD
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-23506000 USD
CY2018 us-gaap Increase Decrease In Contract With Customer Liability
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2529000 USD
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-28856000 USD
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3849000 USD
CY2019 us-gaap Increase Decrease In Financial Instruments Used In Operating Activities
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163000 USD
CY2017 us-gaap Increase Decrease In Other Operating Assets
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-3237000 USD
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CY2019 us-gaap Increase Decrease In Other Operating Assets
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CY2018 us-gaap Increase Decrease In Other Operating Liabilities
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CY2019 us-gaap Increase Decrease In Other Operating Liabilities
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CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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5513000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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5315000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2017 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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0 shares
CY2018 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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0 shares
CY2019 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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0 shares
CY2017 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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0 shares
CY2018 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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0 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2017 us-gaap Interest Expense
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55771000 USD
CY2019 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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0 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2018 us-gaap Interest Expense
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4911000 USD
CY2019 us-gaap Interest Expense
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1355000 USD
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971000 USD
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964000 USD
CY2017 us-gaap Interest Expense Other
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1423000 USD
CY2018 us-gaap Interest Expense Other
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884000 USD
CY2019 us-gaap Interest Expense Other
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691000 USD
CY2017 us-gaap Interest On Convertible Debt Net Of Tax
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0 USD
CY2018 us-gaap Interest On Convertible Debt Net Of Tax
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0 USD
CY2019 us-gaap Interest On Convertible Debt Net Of Tax
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0 USD
CY2017 us-gaap Interest Paid Net
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55957000 USD
CY2018 us-gaap Interest Paid Net
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3258000 USD
CY2019 us-gaap Interest Paid Net
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666000 USD
CY2018Q4 us-gaap Interest Rate Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
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0 USD
CY2017 us-gaap Investment Income Interest
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12502000 USD
CY2018 us-gaap Investment Income Interest
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7770000 USD
CY2019 us-gaap Investment Income Interest
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1258000 USD
CY2019 us-gaap Lease Cost
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19111000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
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93075000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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33995000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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13639000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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10139000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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10040000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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12330000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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12932000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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23626000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
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703255000 USD
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532023000 USD
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243764000 USD
CY2019Q4 us-gaap Liabilities Current
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153396000 USD
CY2018Q4 us-gaap Liabilities Fair Value Disclosure
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0 USD
CY2019Q4 us-gaap Liabilities Fair Value Disclosure
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0 USD
CY2019Q4 us-gaap Line Of Credit
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0 USD
CY2019Q4 us-gaap Litigation Settlement Expense
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4200000 USD
CY2019 us-gaap Litigation Settlement Expense
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4200000 USD
CY2018Q4 us-gaap Long Term Debt
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113542000 USD
CY2018Q4 us-gaap Long Term Debt Current
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113542000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
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CY2019Q4 us-gaap Marketable Securities
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1000 USD
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3943000 USD
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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19377000 USD
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1126000 USD
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CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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98245000 USD
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CY2018Q4 us-gaap Net Income Loss
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CY2018 us-gaap Net Income Loss
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CY2019Q4 us-gaap Net Income Loss
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CY2019 us-gaap Net Income Loss
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CY2019 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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1126000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
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-243748000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
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-136727000 USD
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CY2018 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
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CY2019 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
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-136727000 USD
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CY2018Q4 us-gaap Operating Income Loss
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CY2018 us-gaap Operating Income Loss
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13034000 USD
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6200000 USD
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8473000 USD
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14301000 USD
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12427000 USD
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53965000 USD
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0.080
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6268000 USD
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203828000 USD
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17803000 USD
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8508000 USD
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4792000 USD
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8982000 USD
CY2019Q4 us-gaap Other Assets Noncurrent
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8054000 USD
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17027000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-6152000 USD
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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18977000 USD
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18977000 USD
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CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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18000 USD
CY2018 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-37000 USD
CY2019 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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10797000 USD
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4589000 USD
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7389000 USD
CY2017 us-gaap Payment For Contingent Consideration Liability Financing Activities
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122000 USD
CY2018 us-gaap Payment For Contingent Consideration Liability Financing Activities
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0 USD
CY2019 us-gaap Payment For Contingent Consideration Liability Financing Activities
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0 USD
CY2017 us-gaap Payments For Software
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9119000 USD
CY2018 us-gaap Payments For Software
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14372000 USD
CY2019 us-gaap Payments For Software
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13008000 USD
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0 USD
CY2018 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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7075000 USD
CY2019 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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7075000 USD
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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442000 USD
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0 USD
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PaymentsRelatedToTaxWithholdingForShareBasedCompensation
15000 USD
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219000 USD
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36789000 USD
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51745000 USD
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815008000 USD
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9734000 USD
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0 USD
CY2017 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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13721000 USD
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0 USD
CY2019 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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0 USD
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6187000 USD
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0 USD
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0 USD
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12151000 USD
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90588000 USD
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8183000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
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11656000 USD
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25593000 USD
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0.0001
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32134000 USD
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0.0001
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0 USD
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PreferredStockDividendsAndOtherAdjustments
25593000 USD
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32134000 USD
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0 USD
CY2018Q4 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2019Q4 us-gaap Preferred Stock Shares Authorized
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10000000 shares
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0 shares
CY2019Q4 us-gaap Preferred Stock Shares Issued
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217000 shares
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0 shares
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
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217000 shares
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45058000 USD
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33230000 USD
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900000000 USD
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0 USD
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0 USD
CY2017 us-gaap Proceeds From Divestiture Of Businesses
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13500000 USD
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0 USD
CY2019 us-gaap Proceeds From Divestiture Of Businesses
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0 USD
CY2017 us-gaap Proceeds From Income Tax Refunds
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0 USD
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0 USD
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20733000 USD
CY2017 us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
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33592000 USD
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0 USD
CY2019 us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
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0 USD
CY2017 us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
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0 USD
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86220000 USD
CY2019 us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
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0 USD
CY2017 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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2584000 USD
CY2018 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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0 USD
CY2019 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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39000 USD
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CY2019 us-gaap Proceeds From Lines Of Credit
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2000000 USD
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12371000 USD
CY2018 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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4865000 USD
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86884000 USD
CY2017 us-gaap Proceeds From Sale Of Equity Method Investments
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608000 USD
CY2018 us-gaap Proceeds From Sale Of Equity Method Investments
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404000 USD
CY2019 us-gaap Proceeds From Sale Of Equity Method Investments
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0 USD
CY2017 us-gaap Proceeds From Sale Of Intangible Assets
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0 USD
CY2018 us-gaap Proceeds From Sale Of Intangible Assets
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0 USD
CY2019 us-gaap Proceeds From Sale Of Intangible Assets
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5429000 USD
CY2017 us-gaap Proceeds From Sale Of Treasury Stock
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1047000 USD
CY2018 us-gaap Proceeds From Sale Of Treasury Stock
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0 USD
CY2019 us-gaap Proceeds From Sale Of Treasury Stock
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0 USD
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353372000 USD
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67937000 USD
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26525000 USD
CY2017 us-gaap Provision For Loan Lease And Other Losses
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14562000 USD
CY2018 us-gaap Provision For Loan Lease And Other Losses
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84314000 USD
CY2019 us-gaap Provision For Loan Lease And Other Losses
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0 USD
CY2019Q4 us-gaap Purchase Obligation
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30977000 USD
CY2019Q4 us-gaap Purchase Obligation Due In Next Twelve Months
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25275000 USD
CY2019Q4 us-gaap Purchase Obligation Due In Second Year
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2575000 USD
CY2019Q4 us-gaap Purchase Obligation Due In Third Year
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2207000 USD
CY2018Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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12500000 USD
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12500000 USD
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12500000 USD
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12500000 USD
CY2017 us-gaap Repayments Of Convertible Debt
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0 USD
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113696000 USD
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113006000 USD
CY2017 us-gaap Repayments Of Lines Of Credit
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29000000 USD
CY2018 us-gaap Repayments Of Lines Of Credit
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0 USD
CY2019 us-gaap Repayments Of Lines Of Credit
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2000000 USD
CY2017 us-gaap Repayments Of Long Term Capital Lease Obligations
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2985000 USD
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1334000 USD
CY2019 us-gaap Repayments Of Long Term Capital Lease Obligations
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1200000 USD
CY2017 us-gaap Repayments Of Other Long Term Debt
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900000000 USD
CY2018 us-gaap Repayments Of Other Long Term Debt
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0 USD
CY2019 us-gaap Repayments Of Other Long Term Debt
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0 USD
CY2017 us-gaap Research And Development Expense
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90850000 USD
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79172000 USD
CY2019 us-gaap Research And Development Expense
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75568000 USD
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308749000 USD
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215200000 USD
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402361000 USD
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6089000 USD
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11000 USD
CY2017 us-gaap Restructuring Charges
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10739000 USD
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12375000 USD
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755000 USD
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76742000 USD
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83286000 USD
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82102000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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325839000 USD
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88105000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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77846000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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52210000 USD
CY2019Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P2Y
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895000 USD
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154037000 USD
CY2018 us-gaap Selling General And Administrative Expense
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122112000 USD
CY2019 us-gaap Selling General And Administrative Expense
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112771000 USD
CY2017 us-gaap Share Based Compensation
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22495000 USD
CY2018 us-gaap Share Based Compensation
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27604000 USD
CY2019 us-gaap Share Based Compensation
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22287000 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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1792000 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
23.54
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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0 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
20500 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
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CY2019 us-gaap Concentration Risk Credit Risk
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Credit Risk</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s financial instruments that are exposed to concentration of credit risk consist primarily of cash and cash equivalents, marketable securities and accounts receivable. The Company maintains its cash and cash equivalents at several major financial institutions. The Company has not experienced any realized losses in such accounts and believes it is not exposed to any significant credit risk related to cash, cash equivalents and securities. The Company&#8217;s cash equivalents and short-term marketable securities consist primarily of money market funds, certificates of deposit, commercial paper, and municipal and corporate bonds. The Company believes that concentration of credit risk with respect to accounts receivable is limited because of the creditworthiness of its major customers.</font></div></div>
CY2019 us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1. Description of Business</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">General</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Synchronoss Technologies, Inc. (&#8220;Synchronoss&#8221; or the &#8220;Company&#8221;) Digital, Cloud, Messaging and IoT platforms help the world&#8217;s leading companies, including operators, original equipment manufacturers (&#8220;OEMs&#8221;), and Media and Technology providers to deliver continuously transformative customer experiences that create high value engagement and new monetization opportunities. </font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company currently operates in and markets solutions and services directly through the Company&#8217;s sales organizations in North America, Europe and Asia-Pacific. The Company&#8217;s platforms give customers new opportunities in the Telecommunications, Media and Technology (&#8220;TMT&#8221;) space, taking advantage of the rapidly converging services, connected devices, networks and applications. </font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company delivers platforms, products and solutions including: </font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Digital experience management (Platform as a Service) - including digital journey creation, and journey design products that use analytics that power digital advisor products for IT and Business Channel Owners </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cloud sync, backup, storage, device set up, content transfer and content engagement for user generated content </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Advanced, multi-channel messaging peer-to-peer (&#8220;P2P&#8221;) communications and application-to-person (&#8220;A2P&#8221;) commerce solutions </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">IoT management technology for Smart Cities, Smart Buildings and more </font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:72px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Synchronoss Digital Experience Platform (&#8220;DXP&#8221;) is a purpose-built experience management toolset that sits between the customers&#8217; end-user facing applications and their existing back end systems, enabling the authoring and management of customer journeys in a cloud-native no/low-code environment. This platform uses products such as Journey Creator, Journey Advisor, CX Baseline and Digital Coach to create a wide variety of insight-driven customer experiences across existing channels (digital and analogue) including creating the ability to pause and resume continuous, intelligent experiences in an omni-channel environment. DXP can be operated by IT professionals and &#8220;citizen&#8221; developers (business analysts, etc.) enabling the Company&#8217;s customers to bring more compelling and complex experiences to market in less time with fewer and more diverse resources in a real-time, collaborative environment. </font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Synchronoss Personal Cloud Platform&#8482; is a secure and highly scalable white label platform designed to store and sync subscriber&#8217;s personally created content seamlessly to and from current and new devices. This allows a carrier&#8217;s customers to protect, engage with and manage their personal content and gives the Company&#8217;s Operator customers the ability to increase average revenue per user (&#8220;ARPU&#8221;) through a new monthly recurring charge (&#8220;MRC&#8221;) and opportunities to mine valuable data that will give subscribers access to new, beneficial services. Additionally, the Company&#8217;s Personal Cloud Platform performs an expanding set of value-add services including facilitating an Operator&#8217;s initial device setup and enhancing visibility and control across disparate devices within subscribers&#8217; smart homes. </font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Synchronoss Messaging Platform powers hundreds of millions of subscribers&#8217; mail boxes worldwide. The Company&#8217;s Advanced Messaging Product is a powerful, secure and intelligent white label messaging platform that expands capabilities for Operators and TMT companies to offer P2P messaging via Rich Communications Services (&#8220;RCS&#8221;). Additionally, the Company&#8217;s Advanced Messaging Product powers commerce and a robust ecosystem for Operators, brands and advertisers to execute Application to Person (&#8220;A2P&#8221;) commerce and data-rich dialogue with subscribers.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Synchronoss IoT Platform creates an easy to use environment and extensible ecosystem making the management of disparate devices, sensors, data pools and networks easier to manage by IoT administrators and drives the propagation of new IoT applications and monetization models for TMT companies. The Company&#8217;s IoT platform utilizes Synchronoss platforms (DXP, Cloud, Messaging), products and solutions to make IoT more accessible and actionable for Smart Building facility managers, Smart City planners, Automotive OEMs and TMT ecosystem players.</font></div></div>
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles (&#8220;GAAP&#8221;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</font></div></div>

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