10-Q Filing

WOLFSPEED, INC. CIK: 895419 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0000895419-22-000109`
Period End Date	20220930
Filing Date	20221027
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	wolf-20220925_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 34 Cash Flow Statement 73 Stockholders Equity 24 Comprehensive Income 6

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock authorized (shares)	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Preferred stock authorized (shares)	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$449.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$521.60M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$749.30M	USD	Point-in-time
Preferred stock issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$675.60M	USD	Point-in-time
Preferred stock issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total cash, cash equivalents and short-term investments	`CashCashEquivalentsAndShortTermInvestments`	$1.20B	USD	Point-in-time
Preferred stock outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total cash, cash equivalents and short-term investments	`CashCashEquivalentsAndShortTermInvestments`	$1.20B	USD	Point-in-time
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$158.60M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$150.20M	USD	Point-in-time
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock authorized (shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Inventories	`InventoryNet`	$241.80M	USD	Point-in-time
Common stock authorized (shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Inventories	`InventoryNet`	$227.00M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$1.30M	USD	Point-in-time
Common stock issued (shares)	`CommonStockSharesIssued`	123.80M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$600.00K	USD	Point-in-time
Common stock issued (shares)	`CommonStockSharesIssued`	124.21M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$30.60M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$32.10M	USD	Point-in-time
Common stock outstanding (shares)	`CommonStockSharesOutstanding`	123.80M	shares	Point-in-time
Common stock outstanding (shares)	`CommonStockSharesOutstanding`	124.21M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$123.80M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$151.40M	USD	Point-in-time
Current assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$1.60M	USD	Point-in-time
Current assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$1.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.76B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.75B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$1.53B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$1.48B	USD	Point-in-time
Goodwill	`Goodwill`	$359.20M	USD	Point-in-time
Goodwill	`Goodwill`	$359.20M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$125.40M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$122.70M	USD	Point-in-time
Long-term receivables	`AccountsReceivableNetNoncurrent`	$2.90M	USD	Point-in-time
Long-term receivables	`AccountsReceivableNetNoncurrent`	$104.70M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.00M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$89.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$83.70M	USD	Point-in-time
Total assets	`Assets`	$3.92B	USD	Point-in-time
Total assets	`Assets`	$3.86B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$307.70M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$307.10M	USD	Point-in-time
Accrued contract liabilities	`ContractWithCustomerLiabilityCurrent`	$37.00M	USD	Point-in-time
Accrued contract liabilities	`ContractWithCustomerLiabilityCurrent`	$37.40M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$9.10M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$11.60M	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$500.00K	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$400.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$26.80M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$31.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$388.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$380.80M	USD	Point-in-time
Convertible notes, net	`ConvertibleLongTermNotesPayable`	$1.30B	USD	Point-in-time
Convertible notes, net	`ConvertibleLongTermNotesPayable`	$1.02B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$3.40M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$3.20M	USD	Point-in-time
Finance lease liabilities - long-term	`FinanceLeaseLiabilityNoncurrent`	$9.60M	USD	Point-in-time
Finance lease liabilities - long-term	`FinanceLeaseLiabilityNoncurrent`	$9.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$55.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$54.40M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.09B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.37B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $0.01; 3,000 shares authorized at September 25, 2022 and June 26, 2022; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.01; 3,000 shares authorized at September 25, 2022 and June 26, 2022; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.00125; 200,000 shares authorized at September 25, 2022 and June 26, 2022; 124,210 and 123,795 shares issued and outstanding at September 25, 2022 and June 26, 2022, respectively	`CommonStockValue`	$200.00K	USD	Point-in-time
Common stock, par value $0.00125; 200,000 shares authorized at September 25, 2022 and June 26, 2022; 124,210 and 123,795 shares issued and outstanding at September 25, 2022 and June 26, 2022, respectively	`CommonStockValue`	$200.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$3.90B	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$4.23B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-32.30M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.76B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.76B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$2.11B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$2.12B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$2.04B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$2.44B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$3.86B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$3.92B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$241.30M	USD	1 Quarter
Revenue, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$156.60M	USD	1 Quarter
Cost of revenue, net	`CostOfGoodsAndServicesSold`	$161.40M	USD	1 Quarter
Cost of revenue, net	`CostOfGoodsAndServicesSold`	$107.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$49.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$79.90M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$49.90M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$55.20M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$49.00M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$55.00M	USD	1 Quarter
Amortization or impairment of acquisition-related intangibles	`AmortizationAndImpairmentOfAcquisitionRelatedIntangibles`	$2.90M	USD	1 Quarter
Amortization or impairment of acquisition-related intangibles	`AmortizationAndImpairmentOfAcquisitionRelatedIntangibles`	$3.60M	USD	1 Quarter
Loss (gain) on disposal or impairment of other assets	`GainLossOnSaleOfOtherAssets`	$200.00K	USD	1 Quarter
Loss (gain) on disposal or impairment of other assets	`GainLossOnSaleOfOtherAssets`	$-100.00K	USD	1 Quarter
Other operating expense	`OtherOperatingIncomeExpenseNet`	$-42.40M	USD	1 Quarter
Other operating expense	`OtherOperatingIncomeExpenseNet`	$-12.80M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-65.70M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-75.70M	USD	1 Quarter
Non-operating (income) expense, net	`NonoperatingIncomeExpense`	$49.70M	USD	1 Quarter
Non-operating (income) expense, net	`NonoperatingIncomeExpense`	$-4.10M	USD	1 Quarter
Loss before income taxes	`IncomeLossAttributableToParent`	$-69.80M	USD	1 Quarter
Loss before income taxes	`IncomeLossAttributableToParent`	$-26.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$200.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$300.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-70.10M	USD	1 Quarter
Net loss, basic (USD per share)	`EarningsPerShareBasic`	$-0.60	USD	1 Quarter
Net loss, basic (USD per share)	`EarningsPerShareBasic`	$-0.21	USD	1 Quarter
Net loss, diluted (USD per share)	`EarningsPerShareDiluted`	$-0.21	USD	1 Quarter
Net loss, diluted (USD per share)	`EarningsPerShareDiluted`	$-0.60	USD	1 Quarter
Weighted average shares - basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	124.03M	shares	1 Quarter
Weighted average shares - basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	115.92M	shares	1 Quarter
Weighted average shares - diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	115.92M	shares	1 Quarter
Weighted average shares - diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	124.03M	shares	1 Quarter

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-26.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-70.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$38.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.60M	USD	1 Quarter
Amortization of debt issuance costs and discount, net of non-cash capitalized interest	`AmortizationOfFinancingCostsAndDiscounts`	$1.30M	USD	1 Quarter
Amortization of debt issuance costs and discount, net of non-cash capitalized interest	`AmortizationOfFinancingCostsAndDiscounts`	$5.10M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$22.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$14.60M	USD	1 Quarter
Loss on disposal or impairment of long-lived assets, including loss on disposal portion of factory optimization and start-up costs	`GainLossOnDispositionOfAssets`	$-800.00K	USD	1 Quarter
Loss on disposal or impairment of long-lived assets, including loss on disposal portion of factory optimization and start-up costs	`GainLossOnDispositionOfAssets`	$-1.90M	USD	1 Quarter
Amortization of premium/discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-1.70M	USD	1 Quarter
Amortization of premium/discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-1.40M	USD	1 Quarter
Realized gain on sale of investments	`GainLossOnSaleOfInvestments`	-	USD	1 Quarter
Realized gain on sale of investments	`GainLossOnSaleOfInvestments`	$200.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$200.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$200.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$8.20M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$10.50M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$22.50M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$13.60M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.20M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.50M	USD	1 Quarter
Accounts payable, trade	`IncreaseDecreaseInAccountsPayableTrade`	$-5.20M	USD	1 Quarter
Accounts payable, trade	`IncreaseDecreaseInAccountsPayableTrade`	$-5.80M	USD	1 Quarter
Accrued salaries and wages and other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-14.90M	USD	1 Quarter
Accrued salaries and wages and other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-25.60M	USD	1 Quarter
Accrued contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$400.00K	USD	1 Quarter
Accrued contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$2.70M	USD	1 Quarter
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.70M	USD	1 Quarter
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-62.50M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$111.10M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$259.30M	USD	1 Quarter
Purchases of patent and licensing rights	`PaymentsToAcquireIntangibleAssets`	$1.50M	USD	1 Quarter
Purchases of patent and licensing rights	`PaymentsToAcquireIntangibleAssets`	$1.00M	USD	1 Quarter
Proceeds from sale of property and equipment, including insurance proceeds	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$500.00K	USD	1 Quarter
Proceeds from sale of property and equipment, including insurance proceeds	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.60M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$28.90M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$8.70M	USD	1 Quarter
Proceeds from maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$77.20M	USD	1 Quarter
Proceeds from maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$68.80M	USD	1 Quarter
Proceeds from sale of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$108.50M	USD	1 Quarter
Proceeds from sale of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$25.40M	USD	1 Quarter
Reimbursement of property and equipment purchases from long-term incentive agreement	`ProceedsFromGrants`	$46.70M	USD	1 Quarter
Reimbursement of property and equipment purchases from long-term incentive agreement	`ProceedsFromGrants`	$196.40M	USD	6 Qtrs
Reimbursement of property and equipment purchases from long-term incentive agreement	`ProceedsFromGrants`	$50.80M	USD	1 Quarter
Proceeds from sale of business resulting from the receipt of transaction related note receivable	`ProceedsFromDivestitureOfBusinesses`	$101.80M	USD	1 Quarter
Proceeds from sale of business resulting from the receipt of transaction related note receivable	`ProceedsFromDivestitureOfBusinesses`	-	USD	1 Quarter
Cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-32.00M	USD	1 Quarter
Cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$102.80M	USD	1 Quarter
Proceeds from long-term debt borrowings	`ProceedsFromLongTermLinesOfCredit`	$20.00M	USD	1 Quarter
Proceeds from long-term debt borrowings	`ProceedsFromLongTermLinesOfCredit`	-	USD	1 Quarter
Payments on long-term debt borrowings, including finance lease obligations	`RepaymentsOfLongTermDebt`	$200.00K	USD	1 Quarter
Payments on long-term debt borrowings, including finance lease obligations	`RepaymentsOfLongTermDebt`	$20.10M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromConvertibleDebt`	$700.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromConvertibleDebt`	$500.00K	USD	1 Quarter
Tax withholding on vested equity awards	`PaymentsOfDebtIssuanceCosts`	$22.50M	USD	1 Quarter
Tax withholding on vested equity awards	`PaymentsOfDebtIssuanceCosts`	$16.90M	USD	1 Quarter
Commitment fees on long-term incentive agreement	`PaymentOfCommitmentFee`	$1.00M	USD	1 Quarter
Commitment fees on long-term incentive agreement	`PaymentOfCommitmentFee`	$1.00M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-22.90M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.60M	USD	1 Quarter
Effects of foreign exchange changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-400.00K	USD	1 Quarter
Effects of foreign exchange changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-100.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-117.50M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$72.10M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$379.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$521.60M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$261.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$449.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$379.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$521.60M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$261.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$449.50M	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period (shares)	`CommonStockSharesIssued`	123.80M	shares	Point-in-time
Balance at beginning of period (shares)	`CommonStockSharesIssued`	124.21M	shares	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$2.11B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$2.12B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$2.04B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$2.44B	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-26.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-70.10M	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-7.00M	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-800.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-70.90M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-33.20M	USD	1 Quarter
Tax withholding on vested equity awards	`APICShareBasedPaymentArrangementTaxWithholdingOnVestedEquityAwards`	$16.90M	USD	1 Quarter
Tax withholding on vested equity awards	`APICShareBasedPaymentArrangementTaxWithholdingOnVestedEquityAwards`	$22.50M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.60M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$23.20M	USD	1 Quarter
Exercise of stock options and issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$500.00K	USD	1 Quarter
Exercise of stock options and issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$700.00K	USD	1 Quarter
Balance at end of period (shares)	`CommonStockSharesIssued`	123.80M	shares	Point-in-time
Balance at end of period (shares)	`CommonStockSharesIssued`	124.21M	shares	Point-in-time
Balance at end of period	`StockholdersEquity`	$2.11B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$2.12B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$2.04B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$2.44B	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-26.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-70.10M	USD	1 Quarter
Net unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-7.00M	USD	1 Quarter
Net unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-800.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-70.90M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-33.20M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.