$TTEC
TTEC Holdings, Inc.

2024 Q3 Form 10-Q Financial Statement

#000155837024011611 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $529.4M $534.1M
YoY Change -12.19% -11.04%
Cost Of Revenue $415.2M $417.9M
YoY Change -13.44% -10.07%
Gross Profit $114.2M $116.2M
YoY Change -7.38% -14.38%
Gross Profit Margin 21.57% 21.76%
Selling, General & Admin $71.58M $73.73M
YoY Change 7.19% -2.14%
% of Gross Profit 62.68% 63.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.04M $25.07M
YoY Change -6.09% 0.5%
% of Gross Profit 21.05% 21.58%
Operating Expenses $71.58M $73.73M
YoY Change 7.19% -2.14%
Operating Profit $12.89M -$224.4M
YoY Change -49.23% -817.02%
Interest Expense -$21.42M $20.43M
YoY Change -205.38% 7.58%
% of Operating Profit -166.2%
Other Income/Expense, Net -$22.46M -$18.23M
YoY Change 22.76% -14.97%
Pretax Income -$9.573M -$242.6M
YoY Change -235.02% -2561.12%
Income Tax $9.395M $54.13M
% Of Pretax Income
Net Earnings -$21.12M -$299.5M
YoY Change 1280.52% -24834.85%
Net Earnings / Revenue -3.99% -56.08%
Basic Earnings Per Share -$0.44 -$6.30
Diluted Earnings Per Share -$0.44 -$6.29
COMMON SHARES
Basic Shares Outstanding 47.72M 47.56M
Diluted Shares Outstanding 47.86M 47.62M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $96.93M $79.78M
YoY Change -36.06% -30.49%
Cash & Equivalents $96.93M $79.78M
Short-Term Investments
Other Short-Term Assets $105.4M $117.1M
YoY Change -11.47% -23.21%
Inventory
Prepaid Expenses
Receivables $430.1M $381.7M
Other Receivables $20.69M $24.87M
Total Short-Term Assets $653.1M $603.4M
YoY Change -1.37% -16.32%
LONG-TERM ASSETS
Property, Plant & Equipment $246.6M $255.3M
YoY Change -20.98% -15.13%
Goodwill $575.1M $573.6M
YoY Change -28.68% -29.06%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $101.8M $99.86M
YoY Change 5.25% 17.7%
Total Long-Term Assets $1.173B $1.189B
YoY Change -22.1% -18.0%
TOTAL ASSETS
Total Short-Term Assets $653.1M $603.4M
Total Long-Term Assets $1.173B $1.189B
Total Assets $1.826B $1.793B
YoY Change -15.77% -17.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $82.26M $87.12M
YoY Change -22.04% 3.3%
Accrued Expenses $26.12M $48.27M
YoY Change -51.61% -34.2%
Deferred Revenue $70.83M $77.78M
YoY Change -14.17% -15.23%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $338.7M $387.7M
YoY Change -19.9% -14.09%
LONG-TERM LIABILITIES
Long-Term Debt $1.025B $930.0M
YoY Change 6.33% 1.64%
Other Long-Term Liabilities $72.59M $73.66M
YoY Change 3.92% 12.07%
Total Long-Term Liabilities $1.193B $1.101B
YoY Change 4.8% 2.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $338.7M $387.7M
Total Long-Term Liabilities $1.193B $1.101B
Total Liabilities $1.531B $1.488B
YoY Change -1.89% -2.7%
SHAREHOLDERS EQUITY
Retained Earnings $544.6M $565.7M
YoY Change -38.13% -37.59%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $277.3M $286.5M
YoY Change
Total Liabilities & Shareholders Equity $1.826B $1.793B
YoY Change -15.77% -17.44%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$21.12M -$299.5M
YoY Change 1280.52% -24834.85%
Depreciation, Depletion And Amortization $24.04M $25.07M
YoY Change -6.09% 0.5%
Cash From Operating Activities -$91.38M $49.27M
YoY Change 188.26% -48.61%
INVESTING ACTIVITIES
Capital Expenditures $8.783M $14.21M
YoY Change -59.53% -26.32%
Acquisitions
YoY Change
Other Investing Activities $30.00K $91.00K
YoY Change -85.0% 4450.0%
Cash From Investing Activities -$8.753M -$14.12M
YoY Change -59.48% -26.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 90.49M -29.21M
YoY Change 108.03% -59.05%
NET CHANGE
Cash From Operating Activities -91.38M 49.27M
Cash From Investing Activities -8.753M -14.12M
Cash From Financing Activities 90.49M -29.21M
Net Change In Cash -9.636M 5.942M
YoY Change -1.67% 12.84%
FREE CASH FLOW
Cash From Operating Activities -$91.38M $49.27M
Capital Expenditures $8.783M $14.21M
Free Cash Flow -$100.2M $35.07M
YoY Change 87.57% -54.23%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Concentration Risk Credit Risk
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<p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt 0pt 6pt 0pt;"><b style="font-weight:bold;">Concentration of Credit Risk</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt 0pt 6pt 0pt;">The Company is exposed to credit risk in the normal course of business, primarily related to accounts receivable and derivative instruments. Historically, the losses related to credit risk have been immaterial, but in light of recent economic headwinds the Company is reviewing and tightening its collection processes. The Company regularly monitors its credit risk to mitigate the possibility of current and future exposures resulting in a loss. The Company evaluates the creditworthiness of its clients prior to entering into an agreement to provide services and as necessary through the life of the client relationship. The Company does not believe it is exposed to more than a nominal amount of credit risk in its derivative hedging activities, as the Company diversifies its activities across eight investment-grade financial institutions.</p>
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dei Entity Registrant Name
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TTEC Holdings, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
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dei Entity Tax Identification Number
EntityTaxIdentificationNumber
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6312 South Fiddler’s Green Circle, Suite 100N
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dei Security12b Title
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Common stock of TTEC Holdings, Inc., $0.01 par value per share
dei Trading Symbol
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dei Security Exchange Name
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<p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt 0pt 6pt 0pt;"><b style="font-weight:bold;">Summary of Business</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt 0pt 6pt 0pt;">Founded in 1982, TTEC Holdings, Inc. (“TTEC”, “the Company”; pronounced “T-TEC”) is a global customer experience (“CX”) outsourcing partner for marquee and disruptive brands and public sector clients. The Company designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels to help clients increase customer loyalty, revenue, and profitability. By combining digital solutions with data-driven service capabilities, the Company helps clients improve their customer satisfaction while lowering their total cost to serve. As of June 30, 2024, TTEC served approximately 740<span style="color:#ff0000;"> </span>clients across targeted industry verticals including financial services, healthcare, public sector, telecom, technology, media, travel and hospitality, automotive and retail.</p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt 0pt 6pt 0pt;">The Company operates and reports its financial results of operation through two business segments: </p><table style="border-collapse:collapse;font-family:'Arial','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:18pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">•</td><td style="padding:0pt;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;font-style:normal;font-weight:bold;">TTEC Digital</b><span style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;font-style:normal;font-weight:normal;"> is one of the largest CX technology providers and is focused exclusively on the intersection of Contact Center as a Service (CCaaS), Customer Relationship Management (CRM), and Artificial Intelligence (AI) and Analytics. A professional services organization comprised of software engineers, systems architects, data scientists and CX strategists, this segment creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies including Amazon Web Services (“AWS”), Cisco, Genesys, Google, and Microsoft; and creates proprietary IP to support industry specific and custom client needs. TTEC Digital serves clients across enterprise and small and medium sized business segments and has a dedicated unit with government technology certifications serving the public sector. </span></td></tr></table><div style="margin-top:6pt;"></div><table style="border-collapse:collapse;font-family:'Arial','Helvetica','sans-serif';font-size:10pt;line-height:1.19;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:18pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">•</td><td style="padding:0pt;"><b style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;font-style:normal;font-weight:bold;">TTEC Engage</b><span style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;font-style:normal;font-weight:normal;"> provides the digitally enabled CX operational and managed services to support large, complex enterprise clients’ end-to-end customer interactions at scale. Tailored to meet industry-specific and business needs, this segment delivers data-driven omnichannel customer care, customer acquisition, growth, and retention services, tech support, trust and safety and back-office solutions. The segment’s technology-enabled delivery model covers the entire associate lifecycle including recruitment, onboarding, training, delivery, workforce management and quality assurance. </span></td></tr></table><div style="margin-top:6pt;"></div><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt 0pt 6pt 0pt;">TTEC demonstrates its market leadership through strategic collaboration across TTEC Digital and TTEC Engage when there is client demand and fit for the Company’s integrated solutions. This partnership is central to the Company’s ability to deliver comprehensive and transformational customer experience solutions to its clients, including integrated delivery, go-to-market and innovation for truly differentiated, market leading CX solutions.</p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt 0pt 6pt 0pt;">During the second quarter of 2024, the combined TTEC Digital and TTEC Engage global operating platform delivered onshore, nearshore and offshore services in 22 countries on six continents – the United States, Australia, Belgium, Brazil, Bulgaria, Canada, Colombia, Costa Rica, Egypt, Germany, Greece, Honduras, India, Ireland, Mexico, the Netherlands, New Zealand, the Philippines, Poland, South Africa, Thailand, and the United Kingdom – with the help of approximately 54,000 customer care associates, consultants, technologists, and CX professionals.</p>
us-gaap Year Founded
YearFounded
1982
CY2024Q2 ttec Number Of Clients
NumberOfClients
740
CY2024Q2 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
22
CY2024Q2 dei Entity Number Of Employees
EntityNumberOfEmployees
54000
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt 0pt 6pt 0pt;"><b style="font-weight:bold;">Use of Estimates</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt 0pt 6pt 0pt;">The preparation of the Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions in determining the reported amounts of assets and liabilities, disclosure of contingent liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenue and expenses during the reporting period. On an ongoing basis, the Company evaluates its estimates including those related to derivatives and hedging activities, income taxes including the valuation allowance for deferred tax assets, litigation reserves, restructuring reserves, allowance for credit losses, contingent consideration, redeemable noncontrolling interest, and valuation of goodwill, long-lived and intangible assets. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results may differ materially from these estimates under different assumptions or conditions.</p>
us-gaap Reclassifications
Reclassifications
<p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt 0pt 6pt 0pt;"><b style="font-weight:bold;">Out-of-period Adjustment</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt 0pt 6pt 0pt;">The Consolidated Financial Statements for the three months ended June 30, 2023 included an adjustment of $14.2 million to other comprehensive income and deferred tax assets, to correct for an error identified by management during the preparation of the financial statements. This adjustment was to reflect the deferred tax impact of currency translation adjustments, of which $14.2 million related to prior annual fiscal periods. Management has determined that this error was not material to the historical financial statements in any individual period or in the aggregate and did not result in the previously issued financial statements being materially misstated. The impact to the three and six month periods ended June 30, 2023 was not material. As such, management recorded the correction as an out-of-period adjustment in the three months ended June 30, 2023.</p>
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CY2022 us-gaap Prior Period Reclassification Adjustment
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RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2644000
us-gaap Provision For Doubtful Accounts
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AllowanceForDoubtfulAccountsReceivableWriteOffs
2180000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
156000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
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CY2024Q2 ttec Effect Of Foreign Currency Allowance For Doubtful Accounts
EffectOfForeignCurrencyAllowanceForDoubtfulAccounts
23000
CY2023Q2 ttec Effect Of Foreign Currency Allowance For Doubtful Accounts
EffectOfForeignCurrencyAllowanceForDoubtfulAccounts
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ttec Effect Of Foreign Currency Allowance For Doubtful Accounts
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ttec Effect Of Foreign Currency Allowance For Doubtful Accounts
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Goodwill
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us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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Goodwill
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6052000
CY2024Q2 ttec Cash Flow Hedge Gain Loss Reclassified To Earnings Net Of Tax
CashFlowHedgeGainLossReclassifiedToEarningsNetOfTax
269000
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CashFlowHedgeGainLossReclassifiedToEarningsNetOfTax
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AociLossCashFlowHedgeCumulativeGainLossAfterTax
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CY2024Q2 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
930000000.0
CY2023Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
995000000.0
us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.074
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
1496000
ttec Purchase Price Payable Acquired During Period
PurchasePricePayableAcquiredDuringPeriod
0
ttec Purchase Price Payable Payments During Period
PurchasePricePayablePaymentsDuringPeriod
0
ttec Contingent Consideration Payable Imputed Interest Expense And Other Adjustments
ContingentConsiderationPayableImputedInterestExpenseAndOtherAdjustments
1047000
CY2024Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
449000
us-gaap Impaired Long Lived Assets Held And Used Method For Determining Fair Value
ImpairedLongLivedAssetsHeldAndUsedMethodForDeterminingFairValue
The amount of impairment recognized is the difference between the carrying value of the asset group and its fair value. To determine fair value, the Company used Level 3 inputs in its discounted cash flows analysis.
us-gaap Impaired Long Lived Assets Held And Used Asset Description
ImpairedLongLivedAssetsHeldAndUsedAssetDescription
Assumptions included the amount and timing of estimated future cash flows and assumed discount rates.
CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.214
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.235
CY2024Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
84100000
CY2024Q2 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
81100000
us-gaap Income Tax Holiday Description
IncomeTaxHolidayDescription
The Company has been granted “Tax Holidays” as an incentive to attract foreign investment by the governments of the Philippines and Honduras. Generally, a Tax Holiday is an agreement between the Company and a foreign government under which the Company receives certain tax benefits in that country, such as exemption from taxation on profits derived from export-related activities. In the Philippines, the Company has been granted multiple agreements under local laws which result in an overall reduced tax rate. These incentives have varying benefit year over year and expire at various times beginning in 2031.
CY2024Q2 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
600000
CY2023Q2 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
400000
CY2024Q2 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.01
CY2023Q2 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.01
us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
1300000
us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
1100000
us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.03
us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.02
CY2024Q2 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
1200000000
us-gaap Line Of Credit Facility Collateral
LineOfCreditFacilityCollateral
Letter of credit fees are one eighth of 1% of the stated amount of the letter of credit on the date of issuance, renewal or amendment, plus an annual fee equal to the borrowing margin for SOFR loans.
CY2024Q2 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
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CY2023Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
995000000.0
CY2024Q2 us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
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CY2023Q2 us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
1057700000
CY2024Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
100000000
CY2024Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
200000
CY2024Q2 ttec Letters Of Credit Issued Outside Line Of Credit Facility
LettersOfCreditIssuedOutsideLineOfCreditFacility
300000
ttec Contract With Customer Revenue Recognized
ContractWithCustomerRevenueRecognized
140200000
ttec Contract With Customer Revenue Recognized
ContractWithCustomerRevenueRecognized
167100000
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
425400000
CY2024Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P5Y
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47564000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47264000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47498000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47249000
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
59000
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
186000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
84000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
156000
CY2024Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
0
CY2023Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
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us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
3000
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
12000
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
59000
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
189000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
87000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
168000
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47623000
CY2023Q2 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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47585000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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47417000
CY2024Q2 us-gaap Share Based Compensation
ShareBasedCompensation
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ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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ShareBasedCompensation
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CY2024Q2 ecd Rule10b51 Arr Adopted Flag
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Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
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