2023 Q4 Form 10-K Financial Statement

#000168162223000074 Filed on November 16, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023
Revenue $190.0M $227.4M $893.4M
YoY Change -7.59% 6.01% 3.96%
Cost Of Revenue $132.9M $149.4M $603.1M
YoY Change -6.61% 5.88% 4.72%
Gross Profit $57.10M $78.00M $290.3M
YoY Change -9.79% 6.27% 2.4%
Gross Profit Margin 30.05% 34.3% 32.49%
Selling, General & Admin $32.40M $31.90M $128.4M
YoY Change 6.93% 5.63% 8.54%
% of Gross Profit 56.74% 40.9% 44.23%
Research & Development $20.50M $21.80M $84.80M
YoY Change 2.5% 7.92% 10.13%
% of Gross Profit 35.9% 27.95% 29.21%
Depreciation & Amortization $5.100M $8.800M $19.50M
YoY Change 10.87% 4.76% 2.63%
% of Gross Profit 8.93% 11.28% 6.72%
Operating Expenses $52.90M $53.70M $213.2M
YoY Change 5.17% 6.55% 9.17%
Operating Profit $4.200M $24.30M $77.10M
YoY Change -67.69% 5.65% -12.59%
Interest Expense $7.300M -$5.600M $29.30M
YoY Change -2.67% -159.57% -26.38%
% of Operating Profit 173.81% -23.05% 38.0%
Other Income/Expense, Net -$4.800M -$1.300M -$45.80M
YoY Change -36.84% -86.32% 4.81%
Pretax Income -$600.0K $1.000M $31.30M
YoY Change -111.11% -92.59% -29.66%
Income Tax -$200.0K -$31.00M -$17.40M
% Of Pretax Income -3100.0% -55.59%
Net Earnings -$500.0K $31.90M $48.20M
YoY Change -116.13% 289.02% 59.08%
Net Earnings / Revenue -0.26% 14.03% 5.4%
Basic Earnings Per Share -$0.01 $1.20
Diluted Earnings Per Share -$0.01 $0.40 $1.08
COMMON SHARES
Basic Shares Outstanding 40.50M shares 40.40M shares 40.30M shares
Diluted Shares Outstanding 40.60M shares 50.30M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $201.8M $202.1M $192.6M
YoY Change 100.6% 53.22% 115.44%
Cash & Equivalents $141.3M $152.6M $152.6M
Short-Term Investments $60.50M $49.50M $40.00M
Other Short-Term Assets $28.40M $24.60M $24.60M
YoY Change -40.34% -31.67% -44.09%
Inventory $289.7M $277.5M $277.5M
Prepaid Expenses
Receivables $139.6M $163.6M $163.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $645.7M $658.3M $658.3M
YoY Change 6.32% 10.94% 7.94%
LONG-TERM ASSETS
Property, Plant & Equipment $176.7M $172.6M $172.6M
YoY Change 7.09% 7.61% 4.92%
Goodwill $290.4M $288.5M
YoY Change 0.76% 0.45%
Intangibles $22.10M $22.40M
YoY Change -30.28% -40.11%
Long-Term Investments $28.30M $29.00M $29.00M
YoY Change -40.79% -39.2% -37.5%
Other Assets $37.10M $37.50M $78.80M
YoY Change -4.87% 1.9% 73.19%
Total Long-Term Assets $596.6M $591.3M $591.3M
YoY Change 4.01% 3.74% 2.92%
TOTAL ASSETS
Total Short-Term Assets $645.7M $658.3M $658.3M
Total Long-Term Assets $596.6M $591.3M $591.3M
Total Assets $1.242B $1.250B $1.250B
YoY Change 5.2% 7.41% 5.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $73.70M $64.70M $64.70M
YoY Change -14.5% -22.24% -17.26%
Accrued Expenses $61.60M $82.60M $65.90M
YoY Change 10.0% 17.33% -22.83%
Deferred Revenue $9.400M $10.20M
YoY Change 2.17% -11.3%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.600M $1.500M $1.600M
YoY Change -23.81% -40.0% -23.81%
Total Short-Term Liabilities $150.1M $162.8M $162.8M
YoY Change -4.64% -5.51% -5.95%
LONG-TERM LIABILITIES
Long-Term Debt $441.4M $441.1M $441.3M
YoY Change 0.14% 7.56% 7.03%
Other Long-Term Liabilities $44.90M $41.60M $64.50M
YoY Change 12.81% 27.22% 24.52%
Total Long-Term Liabilities $486.3M $482.7M $505.8M
YoY Change 1.19% 9.01% 8.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $150.1M $162.8M $162.8M
Total Long-Term Liabilities $486.3M $482.7M $505.8M
Total Liabilities $659.3M $668.6M $681.9M
YoY Change 0.52% 5.24% 4.75%
SHAREHOLDERS EQUITY
Retained Earnings $117.5M $118.1M
YoY Change 60.3% 132.94%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $568.9M $567.7M $567.7M
YoY Change
Total Liabilities & Shareholders Equity $1.242B $1.250B $1.250B
YoY Change 5.2% 7.41% 5.5%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023
OPERATING ACTIVITIES
Net Income -$500.0K $31.90M $48.20M
YoY Change -116.13% 289.02% 59.08%
Depreciation, Depletion And Amortization $5.100M $8.800M $19.50M
YoY Change 10.87% 4.76% 2.63%
Cash From Operating Activities $10.30M $47.10M $108.4M
YoY Change -378.38% -1844.44% 541.42%
INVESTING ACTIVITIES
Capital Expenditures $10.40M $5.400M $20.70M
YoY Change 89.09% -235.0% -2.82%
Acquisitions -$900.0K $1.000M
YoY Change
Other Investing Activities $100.0K -$9.200M $2.400M
YoY Change -200.0% -10.68% 71.43%
Cash From Investing Activities -$19.90M -$14.60M -$44.90M
YoY Change 437.84% 2.1% -7.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.700M 1.400M -$200.0K
YoY Change 325.0% 0.0% -99.16%
NET CHANGE
Cash From Operating Activities $10.30M 47.10M $108.4M
Cash From Investing Activities -$19.90M -14.60M -$44.90M
Cash From Financing Activities -$1.700M 1.400M -$200.0K
Net Change In Cash -$11.30M 33.90M $63.40M
YoY Change 44.87% -317.31% -214.23%
FREE CASH FLOW
Cash From Operating Activities $10.30M $47.10M $108.4M
Capital Expenditures $10.40M $5.400M $20.70M
Free Cash Flow -$100.0K $41.70M $87.70M
YoY Change -98.91% 3107.69% -2093.18%

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CY2023 us-gaap Interest Paid Net
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CY2022 us-gaap Interest Paid Net
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CY2021 us-gaap Interest Paid Net
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CY2021 us-gaap Income Taxes Paid Net
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CY2022 us-gaap Fair Value Of Assets Acquired
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CY2021 us-gaap Fair Value Of Assets Acquired
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CY2023 us-gaap Number Of Reportable Segments
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CY2023 us-gaap Fiscal Period
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<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Fiscal Year</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    The fiscal years of the Company as reported are the 52 or 53-week period ending on the Friday nearest September 30. Fiscal year 2023 was the 52-week period that ended September 29, 2023, fiscal year 2022 was the 52-week period that ended September 30, 2022, and fiscal year 2021 was the 52-week period that ended October 1, 2021.</span></div>
CY2023 vrex Numberof Variable Interest Entities
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CY2023 us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates    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 disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Such estimates include the valuation of inventories, valuation of goodwill and intangible assets, receivables, warranties, refund liabilities, long-lived asset valuations, impairment of investments, valuation of financial instruments, and taxes on income. Actual results could differ from these estimates.
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
89400000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
152600000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
144600000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
89400000 usd
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
1200000 usd
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
1400000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
1500000 usd
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
1200000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
90600000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
154000000.0 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Risk</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    Financial instruments that potentially expose the Company to concentrations of credit risk consist principally of cash, cash equivalents, marketable securities, certificates of deposit, and trade accounts receivable. Cash held with financial institutions may exceed the Federal Deposit Insurance Corporation insurance limits or similar limits in foreign jurisdictions. To date, the Company has not realized any losses on its deposits of cash and cash equivalents. The Company performs ongoing credit evaluations of its customers and, except for government tenders, group purchases, and orders with a letter of credit, its industrial customers often provide a down payment. The Company maintains an allowance for credit losses based upon the expected collectability of all accounts receivable. The Company obtains some of the components in its products from a limited group of suppliers or from a single-source supplier. When these suppliers are unable to meet the Company's supply needs, the Company's production is negatively impacted.</span></div>
CY2023Q3 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
217500000 usd
CY2022Q3 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
240300000 usd
CY2023Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
20000000.0 usd
CY2022Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
23200000 usd
CY2023Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
40000000.0 usd
CY2022Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
39700000 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
277500000 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
303200000 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
5600000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
6400000 usd
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
3500000 usd
CY2023Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
383100000 usd
CY2022Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
369500000 usd
CY2023Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
239500000 usd
CY2022Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
228200000 usd
CY2023Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
143600000 usd
CY2022Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
141300000 usd
CY2023 us-gaap Depreciation
Depreciation
19500000 usd
CY2022 us-gaap Depreciation
Depreciation
19000000 usd
CY2021 us-gaap Depreciation
Depreciation
20500000 usd
CY2023Q3 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
16400000 usd
CY2022 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
CY2021 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
2 unit
CY2022 us-gaap Number Of Reporting Units
NumberOfReportingUnits
2 unit
CY2021 us-gaap Number Of Reporting Units
NumberOfReportingUnits
2 unit
CY2021 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 usd
CY2022 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 usd
CY2023 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 usd
CY2023Q3 vrex Percentage Of Liabilities Obligated To Reimburse
PercentageOfLiabilitiesObligatedToReimburse
0.20
CY2023Q3 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
2800000 usd
CY2022Q3 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
1100000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
7900000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
8500000 usd
CY2023 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
12700000 usd
CY2022 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
11300000 usd
CY2023 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
12900000 usd
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
11900000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
7700000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
7900000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
600000 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
600000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
300000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
200000 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
200000 usd
CY2023 vrex Cash Paid For Operating And Finance Leases
CashPaidForOperatingAndFinanceLeases
8100000 usd
CY2022 vrex Cash Paid For Operating And Finance Leases
CashPaidForOperatingAndFinanceLeases
7500000 usd
CY2021 vrex Cash Paid For Operating And Finance Leases
CashPaidForOperatingAndFinanceLeases
8100000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10600000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5400000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5600000 usd
CY2021Q4 us-gaap Contract With Customer Right To Recover Product
ContractWithCustomerRightToRecoverProduct
24300000 usd
CY2022 vrex Contract With Customer Right To Recover Product Costs Recovered
ContractWithCustomerRightToRecoverProductCostsRecovered
5400000 usd
CY2022 vrex Contract With Customer Right To Recover Product Right Of Return Asset From Shipments
ContractWithCustomerRightToRecoverProductRightOfReturnAssetFromShipments
7100000 usd
CY2022 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
-600000 usd
CY2022Q3 us-gaap Contract With Customer Right To Recover Product
ContractWithCustomerRightToRecoverProduct
25400000 usd
CY2023 vrex Contract With Customer Right To Recover Product Costs Recovered
ContractWithCustomerRightToRecoverProductCostsRecovered
5100000 usd
CY2023 vrex Contract With Customer Right To Recover Product Right Of Return Asset From Shipments
ContractWithCustomerRightToRecoverProductRightOfReturnAssetFromShipments
6800000 usd
CY2023 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
-1100000 usd
CY2023Q3 us-gaap Contract With Customer Right To Recover Product
ContractWithCustomerRightToRecoverProduct
26000000.0 usd
CY2021Q4 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
27000000.0 usd
CY2022 vrex Contract With Customer Refund Liability Amount Released
ContractWithCustomerRefundLiabilityAmountReleased
6100000 usd
CY2022 vrex Contract With Customer Refund Liability Additions
ContractWithCustomerRefundLiabilityAdditions
7900000 usd
CY2022 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
-600000 usd
CY2022Q3 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
28200000 usd
CY2023 vrex Contract With Customer Refund Liability Amount Released
ContractWithCustomerRefundLiabilityAmountReleased
5600000 usd
CY2023 vrex Contract With Customer Refund Liability Additions
ContractWithCustomerRefundLiabilityAdditions
7500000 usd
CY2023 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
-1200000 usd
CY2023Q3 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
28900000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
6700000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
6700000 usd
CY2023Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2022 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
-1900000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
200000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
100000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
200000 usd
CY2023 vrex Right Of Use Asset Obtained In Exchange For Operating Lease Liability And Finance Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityAndFinanceLeaseLiability
10800000 usd
CY2022 vrex Right Of Use Asset Obtained In Exchange For Operating Lease Liability And Finance Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityAndFinanceLeaseLiability
5500000 usd
CY2021 vrex Right Of Use Asset Obtained In Exchange For Operating Lease Liability And Finance Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityAndFinanceLeaseLiability
5800000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
29000000.0 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
23200000 usd
CY2023Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
300000 usd
CY2022Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
300000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3800000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4000000.0 usd
CY2023Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
100000 usd
CY2022Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
200000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
23100000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
18000000.0 usd
CY2023Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
200000 usd
CY2022Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
100000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y9M18D
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y4M24D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.079
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.056
CY2023Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y7M6D
CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y
CY2023Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.047
CY2022Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.036
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
5800000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
6400000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
8100000 usd
CY2023 vrex Lease Cost Finance Lease Costs
LeaseCostFinanceLeaseCosts
200000 usd
CY2022 vrex Lease Cost Finance Lease Costs
LeaseCostFinanceLeaseCosts
200000 usd
CY2021 vrex Lease Cost Finance Lease Costs
LeaseCostFinanceLeaseCosts
300000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
7800000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
7300000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
7900000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5600000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
100000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5500000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
100000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4400000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
100000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4200000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3300000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
14700000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
37700000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
300000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
10800000 usd
CY2023Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
0 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
26900000 usd
CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
300000 usd
CY2023Q3 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
16400000 usd
CY2022 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
CY2021 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
CY2022Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
33800000 usd
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40300000 shares
CY2023Q3 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
33400000 usd
CY2022Q3 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
36700000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
7700000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
7900000 usd
CY2023Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
13300000 usd
CY2022Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
11300000 usd
CY2023Q3 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
7200000 usd
CY2022Q3 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
6800000 usd
CY2023Q3 us-gaap Interest Payable Current
InterestPayableCurrent
11600000 usd
CY2022Q3 us-gaap Interest Payable Current
InterestPayableCurrent
11700000 usd
CY2023Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
9400000 usd
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7000000.0 usd
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
82600000 usd
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
81400000 usd
CY2023Q3 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
4600000 usd
CY2022Q3 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
4300000 usd
CY2023Q3 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
1900000 usd
CY2022Q3 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
1300000 usd
CY2023Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
5200000 usd
CY2022Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
3300000 usd
CY2023Q3 us-gaap Contract With Customer Refund Liability Noncurrent
ContractWithCustomerRefundLiabilityNoncurrent
21700000 usd
CY2022Q3 us-gaap Contract With Customer Refund Liability Noncurrent
ContractWithCustomerRefundLiabilityNoncurrent
21400000 usd
CY2023Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
4900000 usd
CY2022Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
0 usd
CY2023Q3 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
3300000 usd
CY2022Q3 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
3500000 usd
CY2023Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
41600000 usd
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1400000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3000000.0 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3400000 usd
CY2023 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
16400000 usd
CY2022 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
CY2021 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1000000.0 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1500000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-200000 usd
CY2023 vrex Other Nonoperating Income Expense Miscellaneous
OtherNonoperatingIncomeExpenseMiscellaneous
-1400000 usd
CY2022 vrex Other Nonoperating Income Expense Miscellaneous
OtherNonoperatingIncomeExpenseMiscellaneous
200000 usd
CY2021 vrex Other Nonoperating Income Expense Miscellaneous
OtherNonoperatingIncomeExpenseMiscellaneous
100000 usd
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4300000 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3500000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
48200000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
30300000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
17400000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40300000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39800000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39300000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.20
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.76
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
48200000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
30300000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
17400000 usd
CY2023 vrex Interest On Convertible Debt Net Of Tax Including Interest Add Backs
InterestOnConvertibleDebtNetOfTaxIncludingInterestAddBacks
6200000 usd
CY2022 vrex Interest On Convertible Debt Net Of Tax Including Interest Add Backs
InterestOnConvertibleDebtNetOfTaxIncludingInterestAddBacks
0 usd
CY2021 vrex Interest On Convertible Debt Net Of Tax Including Interest Add Backs
InterestOnConvertibleDebtNetOfTaxIncludingInterestAddBacks
0 usd
CY2023 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
54400000 usd
CY2022 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
30300000 usd
CY2021 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
17400000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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CY2021 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022 vrex Interest Expense Debt Contractual Interest Coupon
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CY2021 vrex Interest Expense Debt Contractual Interest Coupon
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CY2023 vrex Amortization And Write Off Of Debt Issuance Costs
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CY2022 vrex Amortization And Write Off Of Debt Issuance Costs
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CY2021 vrex Amortization And Write Off Of Debt Issuance Costs
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CY2022 us-gaap Amortization Of Debt Discount Premium
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CY2021 us-gaap Amortization Of Debt Discount Premium
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CY2023Q3 us-gaap Marketable Securities
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CY2022Q3 us-gaap Marketable Securities
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CY2023Q3 us-gaap Marketable Securities
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CY2023Q3 us-gaap Marketable Securities
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CY2022Q3 us-gaap Marketable Securities
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CY2023Q3 us-gaap Goodwill
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CY2022 us-gaap Amortization Of Intangible Assets
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CY2021 us-gaap Amortization Of Intangible Assets
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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CY2023Q3 us-gaap Accrual For Environmental Loss Contingencies
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CY2023 vrex Environmental Loss Contingency Statement Of Financial Position Extensible Enumeration Not Disclosed Flag
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CY2022Q3 vrex Maximum Milestone Payments
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CY2022 vrex Milestone Payments
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CY2023 vrex Milestone Payments
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CY2023Q3 us-gaap Purchase Obligation
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CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2023 vrex Noncontrolling Interest Other Changes
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CY2022 vrex Noncontrolling Interest Other Changes
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CY2023Q3 us-gaap Minority Interest
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CY2022Q3 us-gaap Minority Interest
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CY2023 us-gaap Allocated Share Based Compensation Expense
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CY2022 us-gaap Allocated Share Based Compensation Expense
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CY2021 us-gaap Allocated Share Based Compensation Expense
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
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CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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CY2023Q3 us-gaap Share Price
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CY2022 vrex Sharebased Compensation Arrangementby Sharebased Payment Award Options Grantsin Period Grant Date Fair Value
SharebasedCompensationArrangementbySharebasedPaymentAwardOptionsGrantsinPeriodGrantDateFairValue
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CY2021 vrex Sharebased Compensation Arrangementby Sharebased Payment Award Options Grantsin Period Grant Date Fair Value
SharebasedCompensationArrangementbySharebasedPaymentAwardOptionsGrantsinPeriodGrantDateFairValue
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
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CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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CY2023 vrex Sharebased Compensation Arrangement By Share Based Payment Award Other Than Options Grants In Period Grant Date Fair Value
SharebasedCompensationArrangementByShareBasedPaymentAwardOtherThanOptionsGrantsInPeriodGrantDateFairValue
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CY2022 vrex Sharebased Compensation Arrangement By Share Based Payment Award Other Than Options Grants In Period Grant Date Fair Value
SharebasedCompensationArrangementByShareBasedPaymentAwardOtherThanOptionsGrantsInPeriodGrantDateFairValue
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CY2021 vrex Sharebased Compensation Arrangement By Share Based Payment Award Other Than Options Grants In Period Grant Date Fair Value
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CY2022Q3 vrex Sharebased Compensationby Sharebased Payment Award Equity Instruments Otherthan Options Shares Outstanding Market Value
SharebasedCompensationbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsSharesOutstandingMarketValue
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CY2021Q4 vrex Sharebased Compensationby Sharebased Payment Award Equity Instruments Otherthan Options Shares Outstanding Market Value
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CY2023 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2023 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
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CY2023 us-gaap Current Foreign Tax Expense Benefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
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CY2023 us-gaap Current Income Tax Expense Benefit
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CY2022 us-gaap Current Income Tax Expense Benefit
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2023 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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