2022 Q2 Form 10-Q Financial Statement

#000183559122000048 Filed on August 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $408.9M $485.5M $628.9M
YoY Change 1.94% -3.99%
Cost Of Revenue $335.0M $412.7M $551.7M
YoY Change 4.17% -1.5%
Gross Profit $73.90M $72.80M $77.21M
YoY Change -7.04% -16.03%
Gross Profit Margin 18.07% 14.99% 12.28%
Selling, General & Admin $50.30M $62.40M $62.17M
YoY Change -28.55% 7.4%
% of Gross Profit 68.06% 85.71% 80.52%
Research & Development $9.400M $9.200M $34.20M
YoY Change 28.77% -6.12%
% of Gross Profit 12.72% 12.64% 44.29%
Depreciation & Amortization $800.0K $700.0K $828.0K
YoY Change 60.0% 40.0%
% of Gross Profit 1.08% 0.96% 1.07%
Operating Expenses $69.80M $85.70M $97.20M
YoY Change -21.04% 17.56%
Operating Profit $4.100M -$12.90M -$19.99M
YoY Change -146.07% -193.48%
Interest Expense $0.00 $0.00 $73.00K
YoY Change -100.0% -100.0%
% of Operating Profit 0.0%
Other Income/Expense, Net -$800.0K $0.00 $3.178M
YoY Change -900.0% -100.0%
Pretax Income $3.300M -$12.90M -$16.74M
YoY Change -137.73% -194.16%
Income Tax $1.000M -$1.900M -$6.560M
% Of Pretax Income 30.3%
Net Earnings $2.300M -$11.00M -$10.18M
YoY Change -116.43% -423.53%
Net Earnings / Revenue 0.56% -2.27% -1.62%
Basic Earnings Per Share $0.01 -$0.06
Diluted Earnings Per Share $0.01 -$0.06 -$53.90K
COMMON SHARES
Basic Shares Outstanding 192.9M shares 191.2M shares
Diluted Shares Outstanding 196.8M shares 191.2M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $335.8M $309.7M $331.6M
YoY Change -8.1% -28.82%
Cash & Equivalents $335.8M $309.7M $331.6M
Short-Term Investments
Other Short-Term Assets $91.40M $84.60M $84.80M
YoY Change 16.59% 49.47% 52.79%
Inventory $31.00M $12.20M $11.90M
Prepaid Expenses
Receivables $253.8M $321.0M $375.1M
Other Receivables $31.20M $31.30M $31.30M
Total Short-Term Assets $743.2M $758.8M $834.7M
YoY Change 10.79% 1.07% 22.46%
LONG-TERM ASSETS
Property, Plant & Equipment $18.70M $13.60M $10.30M
YoY Change 92.05% 38.37% 30.38%
Goodwill $44.80M $44.80M $44.80M
YoY Change 0.03% 0.03% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $21.20M $19.20M $15.60M
YoY Change 63.27% 45.26% 11.43%
Total Long-Term Assets $115.1M $108.0M $101.1M
YoY Change 23.75% 15.68% 8.24%
TOTAL ASSETS
Total Short-Term Assets $743.2M $758.8M $834.7M
Total Long-Term Assets $115.1M $108.0M $101.1M
Total Assets $858.3M $866.8M $935.8M
YoY Change 12.37% 2.68% 20.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $114.8M $144.9M $118.9M
YoY Change -1.09% 12.88% -28.72%
Accrued Expenses $187.8M $169.7M $185.8M
YoY Change 40.01% 16.2% 19.87%
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 $497.6M $521.0M $591.1M
YoY Change 9.8% -0.46% -4.28%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $19.30M $16.40M $14.10M
YoY Change 158.68% 109.99% 71.95%
Total Long-Term Liabilities $19.30M $16.40M $14.10M
YoY Change 158.68% 109.99% 71.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $497.6M $521.0M $591.1M
Total Long-Term Liabilities $19.30M $16.40M $14.10M
Total Liabilities $516.9M $537.4M $605.2M
YoY Change 12.22% 1.17% -3.28%
SHAREHOLDERS EQUITY
Retained Earnings -$1.200M -$3.500M $7.500M
YoY Change -103.31% -106.97% -84.01%
Common Stock $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $341.4M $329.4M $330.6M
YoY Change
Total Liabilities & Shareholders Equity $858.3M $866.8M $935.8M
YoY Change 12.37% 2.68% 20.75%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $2.300M -$11.00M -$10.18M
YoY Change -116.43% -423.53%
Depreciation, Depletion And Amortization $800.0K $700.0K $828.0K
YoY Change 60.0% 40.0%
Cash From Operating Activities $29.80M -$10.50M -$33.83M
YoY Change -188.17% -112.38%
INVESTING ACTIVITIES
Capital Expenditures -$5.900M $4.000M -$821.0K
YoY Change 1304.76% 73.91%
Acquisitions
YoY Change
Other Investing Activities -$1.000M -$700.0K $49.00K
YoY Change 301.61%
Cash From Investing Activities -$6.900M -$4.700M -$772.0K
YoY Change 931.39% 104.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.200M -$6.700M -9.642M
YoY Change -109.04% -104.59%
NET CHANGE
Cash From Operating Activities 29.80M -$10.50M -33.83M
Cash From Investing Activities -6.900M -$4.700M -772.0K
Cash From Financing Activities 3.200M -$6.700M -9.642M
Net Change In Cash 26.10M -$21.90M -44.25M
YoY Change -137.35% -109.63%
FREE CASH FLOW
Cash From Operating Activities $29.80M -$10.50M -$33.83M
Capital Expenditures -$5.900M $4.000M -$821.0K
Free Cash Flow $35.70M -$14.50M -$33.01M
YoY Change -206.96% -117.58%

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ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2022Q1 us-gaap Stockholders Equity
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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6400000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2022Q2 us-gaap Net Income Loss
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CY2022Q2 us-gaap Stockholders Equity
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341400000 usd
CY2021Q4 us-gaap Stockholders Equity
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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23000000.0 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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us-gaap Net Income Loss
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CY2022Q2 us-gaap Stockholders Equity
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341400000 usd
CY2021Q1 us-gaap Stockholders Equity
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312900000 usd
CY2022Q2 us-gaap Capitalized Contract Cost Gross
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
34500000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-100000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
303200000 usd
CY2020Q4 us-gaap Stockholders Equity
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149200000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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60500000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Dividends Preferred Stock
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us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
13700000 usd
us-gaap Stock Issued During Period Value New Issues
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145000000.0 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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-1000000.0 usd
us-gaap Net Income Loss
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CY2021Q2 us-gaap Stockholders Equity
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303200000 usd
us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Depreciation And Amortization
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1800000 usd
us-gaap Depreciation And Amortization
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1300000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 usd
us-gaap Deferred Income Tax Expense Benefit
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1200000 usd
us-gaap Share Based Compensation
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23000000.0 usd
us-gaap Share Based Compensation
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60700000 usd
us-gaap Provision For Doubtful Accounts
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2700000 usd
us-gaap Provision For Doubtful Accounts
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700000 usd
us-gaap Increase Decrease In Equity Securities Fv Ni
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us-gaap Increase Decrease In Equity Securities Fv Ni
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Due From Related Parties Current
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us-gaap Increase Decrease In Inventories
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19100000 usd
us-gaap Increase Decrease In Inventories
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6700000 usd
us-gaap Increase Decrease In Income Taxes Receivable
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3700000 usd
us-gaap Increase Decrease In Income Taxes Receivable
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13800000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6900000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
23200000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
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4500000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
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us-gaap Increase Decrease In Accounts Payable Related Parties
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us-gaap Increase Decrease In Accounts Payable Related Parties
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us-gaap Increase Decrease In Accounts Payable Trade
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us-gaap Increase Decrease In Accounts Payable Trade
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us-gaap Increase Decrease In Accrued Liabilities
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2000000.0 usd
us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Royalties Payable
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us-gaap Increase Decrease In Royalties Payable
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us-gaap Increase Decrease In Other Current Liabilities
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us-gaap Increase Decrease In Other Current Liabilities
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us-gaap Increase Decrease In Other Noncurrent Liabilities
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5200000 usd
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us-gaap Net Cash Provided By Used In Operating Activities
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19300000 usd
us-gaap Net Cash Provided By Used In Operating Activities
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51000000.0 usd
us-gaap Payments To Acquire Property Plant And Equipment
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9900000 usd
us-gaap Depreciation
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1000000.0 usd
us-gaap Payments To Acquire Property Plant And Equipment
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2800000 usd
us-gaap Payments To Acquire Investments
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1700000 usd
us-gaap Payments To Acquire Investments
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us-gaap Net Cash Provided By Used In Investing Activities
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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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8500000 usd
us-gaap Proceeds From Stock Options Exercised
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1300000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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us-gaap Proceeds From Issuance Initial Public Offering
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0 usd
us-gaap Proceeds From Issuance Initial Public Offering
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vzio Payments Of Deferred Offering Costs
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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12000000.0 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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35400000 usd
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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110700000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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0 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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157700000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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331600000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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vzio Cash Paid For Measurement Of Operating Lease Liabilities
CashPaidForMeasurementOfOperatingLeaseLiabilities
1700000 usd
vzio Cash Paid For Measurement Of Operating Lease Liabilities
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1400000 usd
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vzio Employee Taxes Withheld But Not Yet Paid To Taxing Authority
EmployeeTaxesWithheldButNotYetPaidToTaxingAuthority
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vzio Employee Taxes Withheld But Not Yet Paid To Taxing Authority
EmployeeTaxesWithheldButNotYetPaidToTaxingAuthority
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vzio Stock Issuance Costs Incurred But Not Yet Paid
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vzio Stock Issuance Costs Incurred But Not Yet Paid
StockIssuanceCostsIncurredButNotYetPaid
400000 usd
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
ReclassificationsThe Company has reclassified Research and development costs from Selling, general and administrative amounts for the three and six months ended June 30, 2021, to conform to the current year presentation.
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results may differ from those estimates and assumptions. Significant items subject to such estimates and assumptions include the allowances for doubtful accounts and sales returns, reserves for excess and obsolete inventory, accrued price protection and rebates, accrued royalties, share-based compensation, valuation of deferred tax assets and other contingencies. Supplier and customer concentrations also increase the degree of uncertainty inherent in these estimates and assumptions.</span></div>
CY2022Q2 us-gaap Contract With Customer Asset Gross
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256600000 usd
CY2021Q4 us-gaap Accounts Receivable Gross Current
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375100000 usd
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us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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CY2022Q2 us-gaap Inventory Net
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31000000.0 usd
CY2021Q4 us-gaap Inventory Net
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11900000 usd
CY2022Q2 vzio Recycling Cost Credit
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CY2021Q2 vzio Recycling Cost Credit
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vzio Recycling Cost Credit
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us-gaap Capitalized Computer Software Additions
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4500000 usd
CY2021Q2 us-gaap Capitalized Computer Software Additions
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CY2022Q2 us-gaap Property Plant And Equipment Gross
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51000000.0 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
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41200000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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32300000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
30900000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
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18700000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
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10300000 usd
CY2022Q2 us-gaap Depreciation
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us-gaap Depreciation
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CY2021Q2 us-gaap Depreciation
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us-gaap Capitalized Computer Software Additions
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700000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1400000 usd
CY2021Q2 us-gaap Capitalized Computer Software Amortization1
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700000 usd
us-gaap Capitalized Computer Software Amortization1
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1400000 usd
CY2022Q2 vzio Accrued Price Protection Current
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54100000 usd
CY2021Q4 vzio Accrued Price Protection Current
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67200000 usd
CY2022Q2 vzio Accrued Other Customer Related Expenses Current
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43700000 usd
CY2021Q4 vzio Accrued Other Customer Related Expenses Current
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48400000 usd
CY2022Q2 vzio Accrued Supplier And Partner Related Expenses Current
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48200000 usd
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39200000 usd
CY2022Q2 us-gaap Employee Related Liabilities Current
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CY2022Q2 us-gaap Other Accrued Liabilities Current
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CY2021Q4 us-gaap Other Accrued Liabilities Current
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CY2022Q2 us-gaap Accrued Liabilities Current
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CY2021Q4 us-gaap Accrued Liabilities Current
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CY2022Q2 us-gaap Operating Lease Right Of Use Asset
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13600000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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8900000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
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2900000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
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CY2022Q2 us-gaap Operating Lease Liability Noncurrent
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11800000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
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6500000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P4Y8M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.044
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.037
CY2022Q2 us-gaap Operating Lease Cost
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1600000 usd
us-gaap Operating Lease Cost
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2900000 usd
CY2021Q2 us-gaap Operating Lease Cost
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1000000.0 usd
us-gaap Operating Lease Cost
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1900000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1700000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3600000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3400000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3300000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3000000.0 usd
CY2022Q2 vzio Lessee Operating Lease Liability To Be Paid Year Five And After
LesseeOperatingLeaseLiabilityToBePaidYearFiveAndAfter
1400000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
16400000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1700000 usd
CY2022Q2 us-gaap Operating Lease Liability
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14700000 usd
CY2022Q2 vzio Supply Commitment Liability Amount
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CY2022Q2 us-gaap Preferred Stock Shares Authorized
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100000000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
14400000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
181400000 usd
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4600000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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8.89
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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3.20
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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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10.53
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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16000000.0 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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7.75
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
23500000 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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7900000 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
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5.04
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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22300000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.89
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.25
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
4400000 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1900000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
4600000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2800000 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.451
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.440
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.451
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.430
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.008
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.008
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.008
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.011
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.028
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.012
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.028
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.011
CY2022Q2 vzio Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value Date Of Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueDateOfGrant
8.60
CY2021Q2 vzio Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value Date Of Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueDateOfGrant
21.84
vzio Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value Date Of Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueDateOfGrant
8.89
vzio Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value Date Of Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueDateOfGrant
21.21
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.78
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.93
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.89
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.25
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6400000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23000000.0 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
34500000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
60700000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
95000000.0 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y3M18D
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000000.0 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.291
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5200000 usd
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.601
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-900000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.095
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15600000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
3.157
CY2022Q2 vzio Effective Income Tax Rate Reconciliation Share Based Payment Arrangement Tax Excess Benefits And Compensation Deduction Limitation Amount
EffectiveIncomeTaxRateReconciliationShareBasedPaymentArrangementTaxExcessBenefitsAndCompensationDeductionLimitationAmount
300000 usd
vzio Effective Income Tax Rate Reconciliation Share Based Payment Arrangement Tax Excess Benefits And Compensation Deduction Limitation Amount
EffectiveIncomeTaxRateReconciliationShareBasedPaymentArrangementTaxExcessBenefitsAndCompensationDeductionLimitationAmount
3400000 usd
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-2300000 usd

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