2022 Q3 Form 10-Q Financial Statement

#000155837022011459 Filed on August 01, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $65.26M $59.65M $47.98M
YoY Change 24.32% 16.81% 12.17%
Cost Of Revenue $18.47M $16.42M $14.12M
YoY Change 18.93% 10.55% 12.55%
Gross Profit $46.79M $43.22M $33.86M
YoY Change 26.58% 19.38% 12.01%
Gross Profit Margin 71.7% 72.47% 70.58%
Selling, General & Admin $42.84M $43.72M $40.15M
YoY Change 16.63% 24.81% 21.68%
% of Gross Profit 91.55% 101.14% 118.56%
Research & Development $1.581M $1.849M $1.520M
YoY Change 12.21% 53.32% 19.69%
% of Gross Profit 3.38% 4.28% 4.49%
Depreciation & Amortization $1.655M $1.508M $1.507M
YoY Change 91.77% 136.73% 131.13%
% of Gross Profit 3.54% 3.49% 4.45%
Operating Expenses $48.41M $47.31M $48.76M
YoY Change 26.29% 30.4% 42.11%
Operating Profit -$1.620M -$4.087M -$14.90M
YoY Change 18.51% 5277.63% 264.86%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$736.0K -$573.0K -$456.0K
YoY Change 513.33% 2287.5% 4460.0%
Pretax Income -$2.356M -$4.660M -$15.36M
YoY Change 58.44% 4560.0% 275.11%
Income Tax -$77.00K -$20.00K $200.0K
% Of Pretax Income
Net Earnings -$2.279M -$4.640M -$15.57M
YoY Change -32.07% -455.56% 587.03%
Net Earnings / Revenue -3.49% -7.78% -32.45%
Basic Earnings Per Share -$0.11 -$0.23 -$0.78
Diluted Earnings Per Share -$0.11 -$0.23 -$0.78
COMMON SHARES
Basic Shares Outstanding 20.13M 20.02M 19.90M
Diluted Shares Outstanding 20.14M 20.02M 19.90M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $38.48M $36.70M $33.46M
YoY Change 71.77% -25.12% -28.7%
Cash & Equivalents $23.43M $23.35M $21.15M
Short-Term Investments $15.05M $13.35M $12.31M
Other Short-Term Assets $3.484M $1.446M $4.374M
YoY Change -5.86% -30.88% 98.82%
Inventory $23.02M $19.97M $19.48M
Prepaid Expenses
Receivables $51.81M $49.16M $45.93M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $116.8M $107.3M $103.2M
YoY Change 9.59% -15.28% -15.72%
LONG-TERM ASSETS
Property, Plant & Equipment $6.677M $5.978M $6.330M
YoY Change 3.39% -6.58% -6.17%
Goodwill $31.06M $31.06M $31.06M
YoY Change 0.0%
Intangibles $51.31M $52.25M $53.17M
YoY Change -4.1% 2970.15% 3059.18%
Long-Term Investments
YoY Change
Other Assets $3.004M $2.768M $2.321M
YoY Change 44.28% 30.69% 14.33%
Total Long-Term Assets $131.7M $130.0M $129.8M
YoY Change -7.77% 136.38% 145.89%
TOTAL ASSETS
Total Short-Term Assets $116.8M $107.3M $103.2M
Total Long-Term Assets $131.7M $130.0M $129.8M
Total Assets $248.5M $237.3M $233.0M
YoY Change -0.35% 30.65% 32.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.17M $9.110M $6.200M
YoY Change 80.41% 80.04% -33.7%
Accrued Expenses $6.953M $5.258M $5.673M
YoY Change 29.96% 31.12% 75.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.968M $2.968M $2.964M
YoY Change 34.3%
Total Short-Term Liabilities $55.66M $46.55M $40.27M
YoY Change 77.78% 74.7% 43.91%
LONG-TERM LIABILITIES
Long-Term Debt $46.63M $47.35M $48.08M
YoY Change -11.22%
Other Long-Term Liabilities $31.79M $29.16M $29.54M
YoY Change -4.99% 30.93% 33.05%
Total Long-Term Liabilities $78.47M $76.64M $77.76M
YoY Change -8.74% 244.1% 250.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $55.66M $46.55M $40.27M
Total Long-Term Liabilities $78.47M $76.64M $77.76M
Total Liabilities $134.1M $123.2M $118.0M
YoY Change 14.36% 151.83% 135.34%
SHAREHOLDERS EQUITY
Retained Earnings -$14.24M -$11.96M -$7.323M
YoY Change -190.48% -162.65% -141.16%
Common Stock $20.00K $20.00K $20.00K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $114.4M $114.1M $115.0M
YoY Change
Total Liabilities & Shareholders Equity $248.5M $237.3M $233.0M
YoY Change -0.35% 30.65% 32.94%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$2.279M -$4.640M -$15.57M
YoY Change -32.07% -455.56% 587.03%
Depreciation, Depletion And Amortization $1.655M $1.508M $1.507M
YoY Change 91.77% 136.73% 131.13%
Cash From Operating Activities $2.254M $2.306M -$3.206M
YoY Change -313.04% -306.45% 300.75%
INVESTING ACTIVITIES
Capital Expenditures -$1.428M -$241.0K $131.0K
YoY Change 114.74% -44.34% -47.39%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.428M -$241.0K -$175.0K
YoY Change -98.23% -44.34% -43.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -750.0K 135.0K -3.698M
YoY Change -101.36% -96.28% -2143.09%
NET CHANGE
Cash From Operating Activities 2.254M 2.306M -3.206M
Cash From Investing Activities -1.428M -241.0K -175.0K
Cash From Financing Activities -750.0K 135.0K -3.698M
Net Change In Cash 76.00K 2.200M -7.079M
YoY Change -100.29% 5.67% 661.18%
FREE CASH FLOW
Cash From Operating Activities $2.254M $2.306M -$3.206M
Capital Expenditures -$1.428M -$241.0K $131.0K
Free Cash Flow $3.682M $2.547M -$3.337M
YoY Change -1036.9% -472.37% 218.11%

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CY2022Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.23
CY2021Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.07
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.01
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.05
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20024798
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19691156
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19961999
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19618759
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20024798
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20047277
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19961999
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19618759
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
114978000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
2892000
CY2022Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
62000
CY2022Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
824000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4640000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
114116000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
128227000
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
5121000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
152000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
824000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-20208000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
114116000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
125122000
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
2658000
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2089000
CY2021Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1542000
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1305000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
132716000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
124750000
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
5115000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3385000
us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
-1115000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1542000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-961000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
132716000
us-gaap Profit Loss
ProfitLoss
-961000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
753000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2590000
us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;background:#ffffff;margin:0pt 0pt 12pt 0pt;"><b style="font-family:'Arial','Helvetica','sans-serif';font-weight:bold;">Note 1. Nature of Business and Operations</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><span style="font-family:'Arial','Helvetica','sans-serif';">Tactile Systems Technology, Inc. (“we,” “us,” and “our”) manufactures and distributes medical devices that help control symptoms of lymphedema, a chronic and progressive medical condition.</span> <span style="font-family:'Arial','Helvetica','sans-serif';">We provide our Flexitouch® and Entre™ systems through our direct sales force for use in the home and sell or rent them through vascular, wound and lymphedema clinics throughout the United States. </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><span style="font-family:'Arial','Helvetica','sans-serif';">On September 8, 2021, we acquired the assets of the AffloVest airway clearance business (“AffloVest Acquisition”) from International Biophysics Corporation (“IBC”), a privately-held company which developed and manufactures AffloVest. AffloVest is a portable, wearable vest that treats patients with chronic respiratory conditions. We sell this device through home medical equipment and durable medical equipment (“DME”) providers throughout the United States. </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><span style="font-family:'Arial','Helvetica','sans-serif';">We were originally incorporated in Minnesota under the name Tactile Systems Technology, Inc. on January 30, 1995. During 2006, we established a merger corporation and subsequently, on July 21, 2006, merged with and into this merger corporation, resulting in our reincorporation as a Delaware corporation. The resulting corporation assumed the name Tactile Systems Technology, Inc. In September 2013, we began doing business as “Tactile Medical”.</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-bottom:12pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="font-family:'Arial','Helvetica','sans-serif';">Our business is affected by seasonality. In the first quarter of each year, when most patients have started a new insurance year and have not yet met their annual out-of-pocket payment obligations, we experience substantially reduced demand for our products. We typically experience higher revenue in the third and fourth quarters of the year when patients have met their annual insurance deductibles, thereby reducing their out-of-pocket costs for our products, and because patients desire to exhaust their flexible spending accounts at year end. This seasonality applies only to purchases and rentals of our products by patients covered by commercial insurance and is not relevant to Medicare, Medicaid or the Veterans Administration, as those payers either do not have plans that have declining deductibles over the course of the plan year and/or do not have plans that include patient deductibles for purchases or rentals of our products. </span><span style="font-family:'Arial','Helvetica','sans-serif';">Further, seasonality trends have been, and may continue to be, significantly different than historical trends as a result of the COVID-19 pandemic and related impacts</span><span style="font-family:'Arial','Helvetica','sans-serif';">.</span></p>
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2488000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
55000
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
12252000
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
10975000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1220000
tcmd Increase Decrease In Net Investment In Lease
IncreaseDecreaseInNetInvestmentInLease
864000
tcmd Increase Decrease In Net Investment In Lease
IncreaseDecreaseInNetInvestmentInLease
1033000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
780000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1925000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-502000
tcmd Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
-106000
tcmd Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
-99000
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
2496000
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
2441000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4087000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
855000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
5000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-1285000
tcmd Increase Decrease In Other Accrued Liabilities And Income Taxes Payable
IncreaseDecreaseInOtherAccruedLiabilitiesAndIncomeTaxesPayable
1252000
tcmd Increase Decrease In Other Accrued Liabilities And Income Taxes Payable
IncreaseDecreaseInOtherAccruedLiabilitiesAndIncomeTaxesPayable
1676000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-900000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1917000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
331000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
603000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
85000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
140000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-416000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-743000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
4500000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
39000
tcmd Payment Of Taxes For Net Share Settlement Of Restricted Stock Units
PaymentOfTaxesForNetShareSettlementOfRestrictedStockUnits
1115000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
152000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3385000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
824000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1542000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3563000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3812000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-4879000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1152000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28229000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
47855000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23350000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49007000
us-gaap Interest Paid Net
InterestPaidNet
448000
us-gaap Income Taxes Paid
IncomeTaxesPaid
28000
us-gaap Income Taxes Paid
IncomeTaxesPaid
1141000
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
8000
CY2022Q2 us-gaap Inventory Net
InventoryNet
19970000
CY2021Q4 us-gaap Inventory Net
InventoryNet
19217000
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1900000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
45973000
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3812000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
42161000
CY2022Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
56066000
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3812000
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
52254000
CY2022Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
4995000
CY2021Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
4869000
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
4818000
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:14pt 0pt 0pt 0pt;"><span style="font-family:'Arial','Helvetica','sans-serif';font-style:italic;font-weight:bold;">Use of Estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:14pt 0pt 0pt 0pt;"><span style="color:#2b2c2b;font-family:'Arial','Helvetica','sans-serif';">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and to disclose contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</span></p>
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5117000
CY2021Q3 tcmd Line Of Credit Threshold Contingent Increase In Borrowing Capacity
LineOfCreditThresholdContingentIncreaseInBorrowingCapacity
25000000.0
CY2021Q3 tcmd Credit Agreement Total Aggregate Principal Amount
CreditAgreementTotalAggregatePrincipalAmount
80000000.0
CY2021Q3 us-gaap Line Of Credit
LineOfCredit
25000000.0
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
45916000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1900000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
44016000
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
55981000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1900000
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
54081000
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1000000.0
CY2021Q3 tcmd Goodwill Amortization Period For Tax Purposes
GoodwillAmortizationPeriodForTaxPurposes
P15Y
CY2021Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
53500000
CY2021Q3 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P12Y3M18D
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
22628000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
23984000
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
7718000
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
8242000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1913000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3795000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3773000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3683000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3619000
CY2022Q2 tcmd Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
25378000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
42161000
CY2022Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2027000
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
1851000
CY2022Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
714000
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
661000
CY2022Q2 tcmd Accrued Travel And Entertainment Current
AccruedTravelAndEntertainmentCurrent
611000
CY2021Q4 tcmd Accrued Travel And Entertainment Current
AccruedTravelAndEntertainmentCurrent
1371000
CY2022Q2 tcmd In Transit Inventory Accrued Expense
InTransitInventoryAccruedExpense
554000
CY2021Q4 tcmd In Transit Inventory Accrued Expense
InTransitInventoryAccruedExpense
416000
CY2022Q2 tcmd Accrued Clinical Studies Expenses Current
AccruedClinicalStudiesExpensesCurrent
161000
CY2021Q4 tcmd Accrued Clinical Studies Expenses Current
AccruedClinicalStudiesExpensesCurrent
113000
CY2022Q2 tcmd Accrued Sales And Use Tax
AccruedSalesAndUseTax
115000
CY2021Q4 tcmd Accrued Sales And Use Tax
AccruedSalesAndUseTax
106000
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1076000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
744000
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
5258000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
5262000
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
4959000
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
4841000
CY2022Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
354000
CY2021Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
844000
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
997000
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1456000
CY2022Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
531000
CY2021Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
596000
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1138000
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1180000
CY2022Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
4818000
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
5117000
CY2022Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
4818000
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
5117000
CY2022Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2027000
CY2021Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
1667000
CY2022Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2027000
CY2021Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
1667000
CY2022Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
2791000
CY2021Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
3450000
CY2022Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
2791000
CY2021Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
3450000
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
4818000
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5117000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2506000
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
22122000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
23354000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
24610000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
25860000
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y2M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y7M6D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.042
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.042
us-gaap Operating Lease Payments
OperatingLeasePayments
1814000
us-gaap Operating Lease Payments
OperatingLeasePayments
1567000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
41000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
304000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1761000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3425000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3415000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3516000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3615000
CY2022Q2 tcmd Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
13249000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
28981000
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4371000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
24610000
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2488000
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
22122000
CY2022Q2 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
1000000.0
CY2021Q2 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
800000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
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us-gaap Allocated Share Based Compensation Expense
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CY2022Q2 us-gaap Sales Type Lease Revenue
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us-gaap Allocated Share Based Compensation Expense
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CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021Q2 tcmd Percentage Of Revenue
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CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021Q2 us-gaap Sales Type Lease Selling Profit Loss
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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CY2021Q2 us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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484477
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1546673
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1286002
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2022Q2 us-gaap Business Combination Contingent Consideration Liability
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13750000
CY2022Q2 us-gaap Business Combination Contingent Consideration Liability
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13800000
CY2022Q2 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
4000000.0

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