10-Q Filing

PEGASYSTEMS INC CIK: 1013857 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001013857-23-000075`
Period End Date	20230331
Filing Date	20230426
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	pega-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 43 Cash Flow Statement 67 Stockholders Equity 27 Comprehensive Income 10

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$145.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$168.32M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$132.77M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$152.17M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$155.56M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total cash, cash equivalents, and marketable securities	`CashCashEquivalentsAndShortTermInvestments`	$323.88M	USD	Point-in-time
Total cash, cash equivalents, and marketable securities	`CashCashEquivalentsAndShortTermInvestments`	$297.22M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	82.94M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$201.59M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$255.15M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	82.44M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	82.94M	shares	Point-in-time
Unbilled receivables	`UnbilledReceivablesCurrent`	$196.28M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	82.44M	shares	Point-in-time
Unbilled receivables	`UnbilledReceivablesCurrent`	$213.72M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$80.39M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$73.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$795.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$846.48M	USD	Point-in-time
Unbilled receivables	`UnbilledReceivablesNonCurrent`	$79.70M	USD	Point-in-time
Unbilled receivables	`UnbilledReceivablesNonCurrent`	$95.81M	USD	Point-in-time
Goodwill	`Goodwill`	$82.03M	USD	Point-in-time
Goodwill	`Goodwill`	$81.43M	USD	Point-in-time
Goodwill	`Goodwill`	$81.40M	USD	Point-in-time
Goodwill	`Goodwill`	$81.92M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$324.98M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$333.99M	USD	Point-in-time
Total assets	`Assets`	$1.28B	USD	Point-in-time
Total assets	`Assets`	$1.36B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.20M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$50.35M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$45.43M	USD	Point-in-time
Accrued compensation and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$56.57M	USD	Point-in-time
Accrued compensation and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$127.73M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$325.21M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$342.59M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$17.45M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$17.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$538.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$474.96M	USD	Point-in-time
Convertible senior notes, net	`ConvertibleLongTermNotesPayable`	$561.65M	USD	Point-in-time
Convertible senior notes, net	`ConvertibleLongTermNotesPayable`	$593.61M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$79.15M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$76.08M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$15.13M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$14.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.23B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.13B	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, 1,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, 1,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, 200,000 shares authorized; 82,940 and 82,436 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$824.00K	USD	Point-in-time
Common stock, 200,000 shares authorized; 82,940 and 82,436 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$829.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$229.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$272.48M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-76.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-97.29M	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.53M	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.07M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$416.09M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$154.50M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$130.84M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$406.67M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.28B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.36B	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$376.31M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$325.47M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$88.20M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$97.93M	USD	1 Quarter
Gross profit	`GrossProfit`	$227.54M	USD	1 Quarter
Gross profit	`GrossProfit`	$288.11M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$149.80M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$162.24M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$71.49M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$75.38M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$23.11M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$35.76M	USD	1 Quarter
Restructuring	`RestructuringCharges`	$1.46M	USD	1 Quarter
Restructuring	`RestructuringCharges`	-	USD	1 Quarter
Restructuring	`RestructuringCharges`	$21.70M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$249.74M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$269.49M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$18.62M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-22.21M	USD	1 Quarter
Foreign currency transaction (loss) gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$2.88M	USD	1 Quarter
Foreign currency transaction (loss) gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$-2.67M	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$207.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$1.49M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.92M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.95M	USD	1 Quarter
Gain (loss) on capped call transactions	`GainLossOnDerivativeInstrumentsNetPretax`	$3.21M	USD	1 Quarter
Gain (loss) on capped call transactions	`GainLossOnDerivativeInstrumentsNetPretax`	$-30.56M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$6.58M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$2.74M	USD	1 Quarter
(Loss) before provision for (benefit from) income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.06M	USD	1 Quarter
(Loss) before provision for (benefit from) income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-15.53M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$5.25M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-7.68M	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-379.00K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-20.77M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.25	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.25	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	82.60M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	81.68M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.68M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.60M	shares	1 Quarter

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-379.00K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-20.77M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$42.56M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$28.23M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-9.29M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-126.00K	USD	1 Quarter
(Gain) loss on capped call transactions	`GainLossOnDerivativeInstrumentsNetPretax`	$3.21M	USD	1 Quarter
(Gain) loss on capped call transactions	`GainLossOnDerivativeInstrumentsNetPretax`	$-30.56M	USD	1 Quarter
Amortization of deferred commissions	`AmortizationOfDeferredSalesCommissions`	$14.28M	USD	1 Quarter
Amortization of deferred commissions	`AmortizationOfDeferredSalesCommissions`	$17.22M	USD	1 Quarter
Lease expense	`OperatingLeaseExpense`	$3.92M	USD	1 Quarter
Lease expense	`OperatingLeaseExpense`	$4.59M	USD	1 Quarter
Amortization of intangible assets and depreciation	`DepreciationDepletionAndAmortization`	$4.72M	USD	1 Quarter
Amortization of intangible assets and depreciation	`DepreciationDepletionAndAmortization`	$4.17M	USD	1 Quarter
Foreign currency transaction loss (gain)	`ForeignCurrencyTransactionGainLossBeforeTax`	$2.88M	USD	1 Quarter
Foreign currency transaction loss (gain)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-2.67M	USD	1 Quarter
Other non-cash	`OtherNoncashIncomeExpense`	$5.73M	USD	1 Quarter
Other non-cash	`OtherNoncashIncomeExpense`	$1.10M	USD	1 Quarter
Change in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$-29.11M	USD	1 Quarter
Change in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$55.33M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.12M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$68.11M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$39.40M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$33.69M	USD	1 Quarter
Proceeds from maturities and called investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$36.48M	USD	1 Quarter
Proceeds from maturities and called investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$20.91M	USD	1 Quarter
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$13.35M	USD	1 Quarter
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	-	USD	1 Quarter
Investment in property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.49M	USD	1 Quarter
Investment in property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.66M	USD	1 Quarter
Cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.08M	USD	1 Quarter
Cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.41M	USD	1 Quarter
Repurchases of convertible senior notes	`RepaymentsOfConvertibleDebt`	$29.90M	USD	1 Quarter
Repurchases of convertible senior notes	`RepaymentsOfConvertibleDebt`	-	USD	1 Quarter
Proceeds from settlement of capped calls transactions	`ProceedsFromDerivativeInstrumentFinancingActivities`	-	USD	1 Quarter
Proceeds from settlement of capped calls transactions	`ProceedsFromDerivativeInstrumentFinancingActivities`	$188.00K	USD	1 Quarter
Dividend payments to stockholders	`PaymentsOfDividendsCommonStock`	$2.45M	USD	1 Quarter
Dividend payments to stockholders	`PaymentsOfDividendsCommonStock`	$2.47M	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromStockPlans`	$2.45M	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromStockPlans`	$2.14M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$1.78M	USD	1 Quarter
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$35.91M	USD	1 Quarter
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$1.11M	USD	1 Quarter
Cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-35.92M	USD	1 Quarter
Cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-29.37M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$782.00K	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-310.00K	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$25.10M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-27.19M	USD	1 Quarter
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$170.16M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$159.97M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$145.05M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$132.77M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$170.16M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$159.97M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$145.05M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$132.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$145.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$168.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$132.77M	USD	Point-in-time
Restricted cash included in other long-term assets	`RestrictedCashAndInvestments`	-	USD	Point-in-time
Restricted cash included in other long-term assets	`RestrictedCashAndInvestments`	$1.84M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$170.16M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$159.97M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$145.05M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$132.77M	USD	Point-in-time

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Cash dividend declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.03	USD	1 Quarter
Cash dividend declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.03	USD	1 Quarter
Balance, beginning of period (in shares)	`CommonStockSharesOutstanding`	82.94M	shares	Point-in-time
Balance, beginning of period (in shares)	`CommonStockSharesOutstanding`	82.44M	shares	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$416.09M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$154.50M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$130.84M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$406.67M	USD	Point-in-time
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$22.58M	USD	1 Quarter
Issuance of common stock for stock compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$672.00K	USD	1 Quarter
Issuance of common stock for stock compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-12.13M	USD	1 Quarter
Issuance of common stock under the employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$2.14M	USD	1 Quarter
Issuance of common stock under the employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$2.45M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$42.56M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$28.23M	USD	1 Quarter
Cash dividends declared ($0.03 per share)	`DividendsCommonStockCash`	$2.46M	USD	1 Quarter
Cash dividends declared ($0.03 per share)	`DividendsCommonStockCash`	$2.49M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.54M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.55M	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-379.00K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-20.77M	USD	1 Quarter
Balance, end of period (in shares)	`CommonStockSharesOutstanding`	82.94M	shares	Point-in-time
Balance, end of period (in shares)	`CommonStockSharesOutstanding`	82.44M	shares	Point-in-time
Balance, end of period	`StockholdersEquity`	$416.09M	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$154.50M	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$130.84M	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$406.67M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-379.00K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-20.77M	USD	1 Quarter
Unrealized (loss) gain on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$222.00K	USD	1 Quarter
Unrealized (loss) gain on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-46.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.59M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.77M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.54M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.55M	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-2.93M	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-19.23M	USD	1 Quarter

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