$TRUE
TrueCar Inc

2020 Q4 Form 10-Q Financial Statement

#000132731820000061 Filed on November 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $63.96M $77.25M $85.79M
YoY Change -24.65% -9.95% -8.34%
Cost Of Revenue $5.150M $4.660M $6.980M
YoY Change -17.86% -33.24% -9.82%
Gross Profit $58.81M $72.58M $78.80M
YoY Change -25.19% -7.89% -8.21%
Gross Profit Margin 91.95% 93.96% 91.86%
Selling, General & Admin $50.29M $47.57M $70.27M
YoY Change -29.41% -32.31% -1.11%
% of Gross Profit 85.51% 65.54% 89.18%
Research & Development $10.07M $10.16M $12.78M
YoY Change -17.59% -20.5% -16.74%
% of Gross Profit 17.12% 14.0% 16.22%
Depreciation & Amortization $5.050M $5.117M $4.951M
YoY Change -19.33% 3.35% -17.35%
% of Gross Profit 8.59% 7.05% 6.28%
Operating Expenses $65.58M $47.57M $70.27M
YoY Change -25.89% -32.31% -1.11%
Operating Profit -$6.770M $9.735M -$9.202M
YoY Change -31.48% -205.79% 40.51%
Interest Expense -$520.0K -$560.0K $0.00
YoY Change 642.86% -100.0%
% of Operating Profit -5.75%
Other Income/Expense, Net -$250.0K $450.0K $0.00
YoY Change
Pretax Income -$7.540M $9.627M -$9.072M
YoY Change -24.14% -206.12% 43.48%
Income Tax $130.0K $38.00K -$300.0K
% Of Pretax Income 0.39%
Net Earnings $86.87M $11.59M -$7.652M
YoY Change -1086.04% -251.45% 22.41%
Net Earnings / Revenue 135.82% 15.0% -8.92%
Basic Earnings Per Share
Diluted Earnings Per Share $843.3K $105.4K -$72.01K
COMMON SHARES
Basic Shares Outstanding 104.1M shares 107.7M shares 106.2M shares
Diluted Shares Outstanding 110.0M shares 106.2M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $273.3M $178.7M $172.5M
YoY Change 50.58% 3.59% -20.76%
Cash & Equivalents $273.3M $178.7M $172.5M
Short-Term Investments
Other Short-Term Assets $12.90M $5.904M $34.84M
YoY Change 113.84% -83.05% 500.1%
Inventory
Prepaid Expenses $5.800M $7.197M $8.347M
Receivables $32.92M $40.72M $45.61M
Other Receivables $0.00 $0.00 $200.0K
Total Short-Term Assets $324.9M $259.8M $261.3M
YoY Change 35.54% -0.56% -6.78%
LONG-TERM ASSETS
Property, Plant & Equipment $21.42M $23.79M $30.95M
YoY Change -22.89% -23.13% -55.26%
Goodwill $51.21M $51.21M $73.31M
YoY Change -13.9% -30.15% 37.62%
Intangibles $6.600M $7.200M $18.81M
YoY Change -26.67% -61.72% 44.49%
Long-Term Investments $19.91M $20.43M $22.44M
YoY Change -9.08% -8.93%
Other Assets $4.800M $3.367M $4.247M
YoY Change 32.6% -20.72% -16.94%
Total Long-Term Assets $133.1M $137.7M $187.3M
YoY Change -26.83% -26.47% 33.26%
TOTAL ASSETS
Total Short-Term Assets $324.9M $259.8M $261.3M
Total Long-Term Assets $133.1M $137.7M $187.3M
Total Assets $458.1M $397.5M $448.6M
YoY Change 8.63% -11.38% 6.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.20M $13.14M $21.49M
YoY Change -38.09% -38.84% -20.22%
Accrued Expenses $18.40M $16.20M $43.14M
YoY Change -9.13% -62.46% 145.65%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $42.88M $39.83M $77.22M
YoY Change -20.85% -48.42% 55.92%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $388.0K $2.060M $2.306M
YoY Change -83.39% -10.67% -41.02%
Total Long-Term Liabilities $388.0K $2.060M $2.306M
YoY Change -83.39% -10.67% -41.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $42.88M $39.83M $77.22M
Total Long-Term Liabilities $388.0K $2.060M $2.306M
Total Liabilities $75.28M $75.65M $118.6M
YoY Change -20.27% -36.22% 54.03%
SHAREHOLDERS EQUITY
Retained Earnings -$355.5M -$442.4M -$423.2M
YoY Change -17.72% 4.52% 15.3%
Common Stock $738.3M $764.3M $753.2M
YoY Change -2.77% 1.47% 5.95%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $382.8M $321.9M $330.0M
YoY Change
Total Liabilities & Shareholders Equity $458.1M $397.5M $448.6M
YoY Change 8.63% -11.38% 6.59%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $86.87M $11.59M -$7.652M
YoY Change -1086.04% -251.45% 22.41%
Depreciation, Depletion And Amortization $5.050M $5.117M $4.951M
YoY Change -19.33% 3.35% -17.35%
Cash From Operating Activities $15.43M $22.00M $30.00K
YoY Change 17.88% 73233.33% -99.6%
INVESTING ACTIVITIES
Capital Expenditures -$2.260M -$1.730M -$2.740M
YoY Change -27.8% -36.86% -21.04%
Acquisitions
YoY Change
Other Investing Activities $113.3M -$1.140M $0.00
YoY Change
Cash From Investing Activities $111.1M -$2.870M -$2.740M
YoY Change -3636.94% 4.74% -21.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -31.87M -13.53M -1.380M
YoY Change 3480.9% 880.43% -109.01%
NET CHANGE
Cash From Operating Activities 15.43M 22.00M 30.00K
Cash From Investing Activities 111.1M -2.870M -2.740M
Cash From Financing Activities -31.87M -13.53M -1.380M
Net Change In Cash 94.62M 5.600M -4.090M
YoY Change 944.37% -236.92% -121.24%
FREE CASH FLOW
Cash From Operating Activities $15.43M $22.00M $30.00K
Capital Expenditures -$2.260M -$1.730M -$2.740M
Free Cash Flow $17.69M $23.73M $2.770M
YoY Change 9.06% 756.68% -74.54%

Facts In Submission

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us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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CY2020Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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us-gaap Income Loss From Continuing Operations Per Diluted Share
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us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2020Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2019Q3 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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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Net Income Loss
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
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us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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us-gaap Income Loss From Continuing Operations
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true Depreciation Depletion And Amortization Operating Activities
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15321000 USD
true Depreciation Depletion And Amortization Operating Activities
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15653000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
8264000 USD
us-gaap Goodwill Impairment Loss
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2805000 USD
true Provision For Doubtful Accounts And Other Reserves
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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151000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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225000 USD
true Operating Lease Rightof Use Asset Amortization
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4312000 USD
true Operating Lease Rightof Use Asset Amortization
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true Increase Decreasein Operating Lease Liabilities
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us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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us-gaap Increase Decrease In Accounts Receivable
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5289000 USD
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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30553000 USD
us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Employee Related Liabilities
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1740000 USD
true Increase Decreasein Operating Lease Liabilities
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us-gaap Increase Decrease In Accrued Liabilities
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32500000 USD
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1823000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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4858000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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7251000 USD
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Equity Method Investments
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us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
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us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Stock Options Exercised
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2857000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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3084000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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2449000 USD
us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
181534000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
178699000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
172463000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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992000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1304000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
392000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
308000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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498000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
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us-gaap Nature Of Operations
NatureOfOperations
Organization and Nature of Business<div style="margin-bottom:12pt;margin-top:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TrueCar, Inc. is an Internet-based information, technology, and communication services company. Hereinafter, TrueCar, Inc. and its wholly owned subsidiaries ALG, Inc., TrueCar Dealer Solutions, Inc. and DealerScience, LLC are collectively referred to as “TrueCar” or the “Company,” ALG, Inc. is referred to as “ALG,” TrueCar Dealer Solutions, Inc. is referred to as “TCDS,” and DealerScience, LLC is referred to as “DealerScience.” TrueCar was incorporated in the State of Delaware in February 2005 and began business operations in April 2005. Its principal corporate offices are located in Santa Monica, California.</span></div><div style="margin-bottom:12pt;margin-top:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">TrueCar is a digital automotive marketplace that (i) provides pricing transparency about what other people paid for their cars and enables consumers to engage with TrueCar Certified Dealers who are committed to providing a superior purchase experience; (ii) empowers Certified Dealers to attract these informed, in-market consumers in a cost-effective, accountable manner; and (iii) allows automobile manufacturers (“OEMs”) to more effectively target their incentive spending at deep-in-market consumers during their purchase process. TrueCar has established a diverse software ecosystem on a common technology infrastructure, powered by proprietary data and analytics. Consumers access TrueCar’s platform through the TrueCar.com website and TrueCar mobile applications or through the car buying websites and mobile applications that TrueCar operates for its affinity group marketing partners (“Auto Buying Programs”). An affinity group is comprised of a network of members or employees that provides discounts to its members.</span></div><div style="margin-bottom:12pt;margin-top:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ALG provides forecasts, consulting, and other services regarding determination of the residual value of an automobile at future given points in time, which are used to underwrite automotive loans and leases and by financial institutions to measure exposure and risk across loan, lease, and fleet portfolios. ALG also obtains automobile purchase data from a variety of sources and uses this data to provide consumers and dealers with highly accurate, geographically specific, real-time pricing information. In July 2020, the Company entered into a definitive agreement to sell its 100% interest in ALG to J.D. Power, a Delaware corporation (“J.D. Power”). Refer to Note 3 for further discussion of this planned divestiture.</span></div><div style="margin-bottom:12pt;margin-top:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Through its subsidiary TCDS, the Company provides its Retail Solutions offerings, which combine its TrueCar Trade and Payments products. Our Trade solution gives consumers information on the value of their trade-in vehicles and enables them to obtain a guaranteed trade-in price before setting foot in the dealership. This valuation is, in turn, backed by a third-party guarantee to dealers that the vehicles will be repurchased at the indicated price if the dealer does not want to keep them. The Company’s Payments solution leverages the digital retailing technology of its DealerScience subsidiary, acquired in December 2018, to help consumers calculate accurate monthly payments.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:12pt;margin-top:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:12pt;margin-top:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Assets and liabilities that are subject to judgment and use of estimates include sales allowances and allowances for doubtful accounts, contract assets, the fair value of assets and liabilities assumed in business combinations, right-of-use assets and lease liabilities, the recoverability of goodwill and long-lived assets, valuation allowances with respect to deferred tax assets, useful lives associated with property and equipment and intangible assets, timing and costs associated with our asset retirement obligations, contingencies, and the valuation and assumptions underlying stock-based compensation and other equity instruments. On an ongoing basis, the Company evaluates its estimates compared to historical experience and trends, which form the basis for making judgments about the carrying value of assets and liabilities. In addition, the Company engaged valuation specialists to assist with management’s determination of the valuation of right-of-use assets and lease liabilities, the fair values of assets and liabilities assumed in business combinations, the fair value of reporting units in connection with annual goodwill impairment testing, the fair value of performance shares, and in periods prior to the Company’s initial public offering, valuation of common stock.</span></div><div style="margin-bottom:12pt;margin-top:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Risks and Uncertainties</span></div><div style="margin-bottom:12pt;margin-top:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In March 2020, the World Health Organization declared a novel strain of coronavirus (“COVID-19”) a pandemic that continues to spread throughout the United States and the world. The COVID-19 pandemic has impacted and could further impact the Company’s operations and the operations of its customers due to facility closures, travel and logistics restrictions and quarantines. As a result, the Company’s business has been negatively affected in a number of ways. Most directly, a number of states and local governments have taken steps that have prohibited or curtailed the sale of automobiles during the pandemic. In some jurisdictions, shelter-at-home orders, or other orders related to the pandemic, impede car sales. On top of these legal restrictions, the economic uncertainty and rapidly increasing number of consumers who are unemployed, as well as the decrease in consumers’ willingness to make discretionary trips outside of the home, have decreased the demand for cars. The severity of the impact of COVID-19 on the Company’s business will depend on a number of factors, including, but not limited to, the duration and severity of the pandemic and the extent and severity of the impact on the Company’s customers, all of which are uncertain and cannot be predicted. The Company’s future results of operations and liquidity could be adversely impacted by delays in payments of outstanding receivable amounts beyond normal payment terms and concessions that the Company may provide to its customers. Even after the COVID-19 pandemic has subsided, the Company may continue to experience adverse impacts to its business as a result of any impacts to its business and any economic recession or depression that has occurred or may occur in the future.</span></div>
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
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1581000 USD
true Allowance For Doubtful Accounts Receivable Reduction In Revenue
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us-gaap Provision For Doubtful Accounts
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2805000 USD
CY2020Q3 true Allowance For Doubtful Accounts Receivable Write Offs Net Of Recoveries
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2752000 USD
true Allowance For Doubtful Accounts Receivable Write Offs Net Of Recoveries
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CY2020Q2 us-gaap Business Combination Contingent Consideration Liability
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CY2019Q4 us-gaap Business Combination Contingent Consideration Liability
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4477000 USD
CY2020Q3 true Payment For Contingent Consideration Liability
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0 USD
CY2019Q3 true Payment For Contingent Consideration Liability
PaymentForContingentConsiderationLiability
0 USD
true Payment For Contingent Consideration Liability
PaymentForContingentConsiderationLiability
2500000 USD
true Payment For Contingent Consideration Liability
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CY2020Q3 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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75000 USD
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151000 USD
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BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
225000 USD
CY2020Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
2428000 USD
CY2020Q1 us-gaap Goodwill Impairment Loss
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10200000 USD
CY2019Q4 us-gaap Goodwill
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59469000 USD
us-gaap Goodwill Impairment Loss
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8264000 USD
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4702000 USD
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2428000 USD
CY2019Q3 us-gaap Business Combination Contingent Consideration Liability
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4702000 USD
CY2020Q3 us-gaap Goodwill
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51205000 USD
CY2020Q3 us-gaap Property Plant And Equipment Gross
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85189000 USD
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76610000 USD
CY2020Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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61400000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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48829000 USD
CY2020Q3 us-gaap Property Plant And Equipment Net
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23789000 USD
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27781000 USD
CY2020Q3 true Property Plant And Equipment Gross Assets Not Placed In Service
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900000 USD
CY2019Q4 true Property Plant And Equipment Gross Assets Not Placed In Service
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1200000 USD
CY2020Q3 us-gaap Line Of Credit
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CY2020Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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31900000 USD
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3 action
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IncomeTaxExpenseBenefit
-300000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5607000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6805000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17632000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
30260000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
293000 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
394000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
992000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1304000 USD
CY2020Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
5900000 USD
CY2019Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
7199000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
18624000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
31564000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1100000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
18400000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
11589000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-7652000 USD
us-gaap Net Income Loss
NetIncomeLoss
-10322000 USD
us-gaap Net Income Loss
NetIncomeLoss
-46077000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
9589000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-8809000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-12175000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-48632000 USD
CY2020Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
2000000 USD
CY2019Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
1157000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
1853000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
2555000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107693000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106239000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107418000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105510000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110011000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106239000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107418000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
105510000 shares
CY2020Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.09
CY2019Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.08
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.11
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.46
CY2020Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.02
CY2019Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.01
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.02
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.02
CY2020Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.02
CY2020Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.09
CY2019Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.08
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.11
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.46
CY2019Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.01
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.02
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.02
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13912000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
18728000 shares
CY2020Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
75000000 USD
CY2020Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
2400000 shares
CY2020Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
11700000 USD
CY2020Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
63400000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
77247000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
85785000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
214718000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
250162000 USD
us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
2800000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
2800000 USD
CY2020Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
2800000 USD
CY2020Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
2000000 USD
CY2019Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
1157000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
1853000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
2555000 USD

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