$SYNA
SYNAPTICS Inc

2023 Q4 Form 10-Q Financial Statement

#000095017023062199 Filed on November 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $237.0M $237.7M
YoY Change -32.88% -46.95%
Cost Of Revenue $128.0M $130.6M
YoY Change -23.08% -32.12%
Gross Profit $109.0M $107.1M
YoY Change -41.62% -58.11%
Gross Profit Margin 45.99% 45.06%
Selling, General & Admin $39.70M $42.30M
YoY Change -6.37% -5.37%
% of Gross Profit 36.42% 39.5%
Research & Development $82.00M $86.50M
YoY Change -8.17% -3.35%
% of Gross Profit 75.23% 80.77%
Depreciation & Amortization $25.10M $30.50M
YoY Change -38.78% -27.21%
% of Gross Profit 23.03% 28.48%
Operating Expenses $126.9M $134.3M
YoY Change -9.74% -6.54%
Operating Profit -$17.90M -$27.20M
YoY Change -138.83% -124.29%
Interest Expense $12.00M -$5.400M
YoY Change 55.84% -178.26%
% of Operating Profit
Other Income/Expense, Net -$6.100M
YoY Change -8.96%
Pretax Income -$24.00M -$40.60M
YoY Change -160.91% -139.15%
Income Tax -$15.00M $15.00M
% Of Pretax Income
Net Earnings -$9.000M -$55.60M
YoY Change -140.91% -186.07%
Net Earnings / Revenue -3.8% -23.39%
Basic Earnings Per Share -$0.23
Diluted Earnings Per Share -$0.23 -$1.43
COMMON SHARES
Basic Shares Outstanding 39.20M 38.58M
Diluted Shares Outstanding 39.20

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $848.7M $824.4M
YoY Change -1.19% -9.59%
Cash & Equivalents $846.1M $801.3M
Short-Term Investments $2.600M $23.10M
Other Short-Term Assets $45.80M $41.30M
YoY Change 40.49% 13.15%
Inventory $125.1M $131.7M
Prepaid Expenses
Receivables $126.6M $111.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.147B $1.109B
YoY Change -13.34% -21.48%
LONG-TERM ASSETS
Property, Plant & Equipment $71.00M $67.40M
YoY Change 7.74% 6.31%
Goodwill $816.4M $816.4M
YoY Change 0.0% 1.21%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $222.2M $219.8M
YoY Change 67.95% 71.72%
Total Long-Term Assets $1.426B $38.30M
YoY Change 1.76% -97.29%
TOTAL ASSETS
Total Short-Term Assets $1.147B $1.109B
Total Long-Term Assets $1.426B $38.30M
Total Assets $2.573B $2.549B
YoY Change -5.58% -9.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $83.00M $63.90M
YoY Change 0.36% -48.88%
Accrued Expenses $103.9M $103.0M
YoY Change -8.13% -19.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $6.000M $6.000M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $253.3M $245.5M
YoY Change -15.37% -32.79%
LONG-TERM LIABILITIES
Long-Term Debt $968.7M $969.6M
YoY Change -0.53% -0.53%
Other Long-Term Liabilities $131.0M $129.3M
YoY Change -13.65% -18.98%
Total Long-Term Liabilities $1.100B $1.099B
YoY Change -2.3% -3.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $253.3M $245.5M
Total Long-Term Liabilities $1.100B $1.099B
Total Liabilities $1.353B $1.344B
YoY Change -5.05% -10.36%
SHAREHOLDERS EQUITY
Retained Earnings $1.048B $1.057B
YoY Change -6.9% -4.22%
Common Stock $1.051B $1.026B
YoY Change 11.08% 10.08%
Preferred Stock
YoY Change
Treasury Stock (at cost) $878.0M $878.0M
YoY Change 14.17% 24.03%
Treasury Stock Shares
Shareholders Equity $1.220B $1.204B
YoY Change
Total Liabilities & Shareholders Equity $2.573B $2.549B
YoY Change -5.58% -9.77%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$9.000M -$55.60M
YoY Change -140.91% -186.07%
Depreciation, Depletion And Amortization $25.10M $30.50M
YoY Change -38.78% -27.21%
Cash From Operating Activities $39.20M $45.40M
YoY Change -21.6% -42.17%
INVESTING ACTIVITIES
Capital Expenditures $10.40M $136.7M
YoY Change -204.0% 2104.84%
Acquisitions
YoY Change
Other Investing Activities $20.70M -$13.40M
YoY Change -286.49% -257.65%
Cash From Investing Activities $10.30M -$150.1M
YoY Change -148.82% -6626.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.800M -18.10M
YoY Change -92.75% -48.29%
NET CHANGE
Cash From Operating Activities 39.20M 45.40M
Cash From Investing Activities 10.30M -150.1M
Cash From Financing Activities -5.800M -18.10M
Net Change In Cash 43.70M -122.8M
YoY Change -185.52% -380.37%
FREE CASH FLOW
Cash From Operating Activities $39.20M $45.40M
Capital Expenditures $10.40M $136.7M
Free Cash Flow $28.80M -$91.30M
YoY Change -52.0% -226.28%

Facts In Submission

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0
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800000
us-gaap Net Cash Provided By Used In Investing Activities
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CY2022Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2300000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
8500000
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ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
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syna Payment For Payroll Taxes Related To Net Share Settlement Of Share Based Awards
PaymentForPayrollTaxesRelatedToNetShareSettlementOfShareBasedAwards
25300000
CY2022Q3 syna Payment For Payroll Taxes Related To Net Share Settlement Of Share Based Awards
PaymentForPayrollTaxesRelatedToNetShareSettlementOfShareBasedAwards
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us-gaap Payments For Repurchase Of Common Stock
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0
CY2022Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
13400000
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
-3000000
CY2022Q3 us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
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us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1700000
CY2022Q3 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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-18100000
CY2022Q3 us-gaap Net Cash Provided By Used In Financing Activities
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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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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Use Of Estimates
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<p style="text-indent:0;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;"> </span></p><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue, expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates including, but not limited to, those estimates related to revenue recognition, allowance for credit losses, cost of revenue, inventories, loss on purchase commitments, product warranty, accrued liabilities, share-based compensation costs, provision for income taxes, deferred tax assets and the associated valuation allowance, uncertain tax positions, goodwill, intangible assets, investments and loss contingencies. We base our estimates on historical experience, current period developments, applicable laws and regulations, and various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.</span>
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
64600000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38.8
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39.8
syna Account Receivable Bad Debt Charge
AccountReceivableBadDebtCharge
0
CY2023Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
8200000
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ContractWithCustomerAssetNet
1300000
CY2023Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
18700000
CY2023Q3 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
37200000
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
18700000
CY2023Q2 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
39800000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2400000
CY2022Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1800000
us-gaap Net Income Loss
NetIncomeLoss
-55600000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0.9
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38.8
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40.7
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.43
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.62
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.43
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.59
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
13500000
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
116500000
CY2023Q3 us-gaap Inventory Work In Process And Raw Materials Net Of Reserves
InventoryWorkInProcessAndRawMaterialsNetOfReserves
75400000
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InventoryWorkInProcessAndRawMaterialsNetOfReserves
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InventoryFinishedGoodsNetOfReserves
56300000
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InventoryFinishedGoodsNetOfReserves
66700000
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InventoryNet
131700000
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InventoryNet
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AvailableForSaleDebtSecuritiesAmortizedCostBasis
23200000
CY2023Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
23100000
us-gaap Operating Lease Cost
OperatingLeaseCost
2300000
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OperatingLeaseCost
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AvailableForSaleDebtSecuritiesAmortizedCostBasis
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DebtInstrumentFairValue
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CashHeldInBank
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CY2023Q2 us-gaap Goodwill
Goodwill
816400000
CY2022Q2 us-gaap Goodwill
Goodwill
806600000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
9800000
CY2023Q3 us-gaap Goodwill
Goodwill
816400000
CY2023Q2 us-gaap Goodwill
Goodwill
816400000
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
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FiniteLivedIntangibleAssetsAccumulatedAmortization
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FiniteLivedIntangibleAssetsNet
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FiniteLivedIntangibleAssetsNet
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us-gaap Amortization Of Intangible Assets
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FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
54600000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
71400000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3300000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
0
CY2023Q3 syna Finite Lived Intangible Assets Amortization Expense To Be Determined
FiniteLivedIntangibleAssetsAmortizationExpenseToBeDetermined
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FiniteLivedIntangibleAssetsNet
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us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
The leases expire at various dates through fiscal 2034, some of which include options to extend the lease for up to seven years.
syna Lease Expiration Year
LeaseExpirationYear
2034
us-gaap Operating Lease Expense
OperatingLeaseExpense
2900000
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
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CY2023Q3 us-gaap Operating Lease Right Of Use Asset
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CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
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CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
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CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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OperatingLeaseLiabilityNoncurrent
42400000
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
49900000
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
51400000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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1200000
CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1400000
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y3M3D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0519
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
8300000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
10000000
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LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8600000
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LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7300000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5700000
CY2023Q3 syna Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
20000000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
59900000
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
10000000
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
49900000
CY2023Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
115400000
CY2023Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
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CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
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AllowanceForDoubtfulAccountsReceivableCurrent
5000000
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AccountsReceivableNetCurrent
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AccountsReceivableNetCurrent
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PrepaymentOfIntangibleAssets
116500000
CY2023Q2 syna Prepayment Of Intangible Assets
PrepaymentOfIntangibleAssets
0
CY2023Q3 us-gaap Deferred Income Taxes And Other Assets Noncurrent
DeferredIncomeTaxesAndOtherAssetsNoncurrent
65000000
CY2023Q2 us-gaap Deferred Income Taxes And Other Assets Noncurrent
DeferredIncomeTaxesAndOtherAssetsNoncurrent
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CY2023Q3 us-gaap Assets Noncurrent
AssetsNoncurrent
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AssetsNoncurrent
41100000
CY2023Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
219800000
CY2023Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
109100000
CY2023Q3 syna Customer Obligation
CustomerObligation
56000000
CY2023Q2 syna Customer Obligation
CustomerObligation
58500000
CY2023Q3 syna Accrued Liabilities For Inventory Purchase
AccruedLiabilitiesForInventoryPurchase
6400000
CY2023Q2 syna Accrued Liabilities For Inventory Purchase
AccruedLiabilitiesForInventoryPurchase
7000000
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9000000
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9000000
CY2023Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
31600000
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
33900000
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
103000000
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
108400000
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
40900000
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
42400000
CY2023Q3 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
35200000
CY2023Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
39100000
CY2023Q3 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
35700000
CY2023Q2 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
38100000
CY2023Q3 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
17500000
CY2023Q2 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
16300000
CY2023Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
129300000
CY2023Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
135900000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
33200000
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
32600000
syna Redemptionofprincipalamountpercentage
Redemptionofprincipalamountpercentage
1
CY2023Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5700000
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
4100000
CY2022Q3 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
4100000
syna Percentage Of Voting Capital Stock Of Certain Foreign Subsidiaries Collateralized
PercentageOfVotingCapitalStockOfCertainForeignSubsidiariesCollateralized
0.65
syna Percentageofnonvotingcapitalstock
Percentageofnonvotingcapitalstock
1
us-gaap Debt Instrument Covenant Description
DebtInstrumentCovenantDescription
Under the Credit Agreement, there are various restrictive covenants, including two financial covenants which limit the consolidated total leverage ratio, or leverage ratio, the consolidated interest coverage ratio, or interest coverage ratio, which, after the Third Amendment, only applies if our cash and cash equivalents balance is less than $450 million as of the last day of any fiscal quarter. The leverage ratio is the ratio of net debt as of the measurement date to Consolidated EBITDA, for the four consecutive quarters ending with the quarter of measurement. The current leverage ratio shall not exceed 3.75 to 1.00 provided that for the four fiscal quarters ending after the date of a material acquisition, such maximum leverage ratio shall be adjusted to 4.25 to 1.00, and thereafter 3.75 to 1.0. The interest coverage ratio is Consolidated EBITDA to interest expense for the four consecutive quarters ending with the quarter of measurement. If our quarter-end cash and cash equivalents balance is less than $450.0 million, the interest coverage ratio must not be less than 3.50 to 1.0 as of the date of determination. As of September 2023, we remain in compliance with the restrictive covenants.
CY2021Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
600000000
CY2028Q4 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2028-12-02
CY2021Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.01
us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.25
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
11200000
us-gaap Interest Expense
InterestExpense
11800000
CY2022Q3 us-gaap Interest Expense
InterestExpense
6900000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
6188000
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3083
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
52.53
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3083
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15000000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39100000
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
4400000
CY2023Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
39300000
CY2023Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3100000
syna Increase Decrease In Unrecognized Tax Benefit Income Tax Penalties And Interest Accrued
IncreaseDecreaseInUnrecognizedTaxBenefitIncomeTaxPenaltiesAndInterestAccrued
100000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
448100000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
448100000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
237700000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
448100000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
237700000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
448100000
CY2023Q3 syna Other Customer Accounts Receivable Balances
OtherCustomerAccountsReceivableBalances
0.35
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
10000000
CY2023Q2 us-gaap Restructuring Reserve
RestructuringReserve
0
CY2022Q2 us-gaap Restructuring Reserve
RestructuringReserve
1400000
us-gaap Restructuring Charges
RestructuringCharges
8000000
CY2022Q3 us-gaap Restructuring Charges
RestructuringCharges
0
us-gaap Payments For Restructuring
PaymentsForRestructuring
6000000
CY2022Q3 us-gaap Payments For Restructuring
PaymentsForRestructuring
1200000
CY2023Q3 us-gaap Restructuring Reserve
RestructuringReserve
2000000
CY2022Q3 us-gaap Restructuring Reserve
RestructuringReserve
200000
us-gaap Restructuring Charges
RestructuringCharges
8000000
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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