10-Q Filing

VAREX IMAGING CORP CIK: 1681622 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001681622-23-000064`
Period End Date	20230630
Filing Date	20230801
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	var-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 80 Cash Flow Statement 88 Stockholders Equity 41 Comprehensive Income 28

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$600.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$600.00K	USD	Point-in-time
Preferred stock, par value (in USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$118.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$144.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$89.40M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$99.60M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for credit losses of $0.6 million and $0.6 million at June 30, 2023 and September 30, 2022, respectively	`AccountsReceivableNetCurrent`	$163.30M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for credit losses of $0.6 million and $0.6 million at June 30, 2023 and September 30, 2022, respectively	`AccountsReceivableNetCurrent`	$173.30M	USD	Point-in-time
Inventories	`InventoryNet`	$297.70M	USD	Point-in-time
Common stock, par value per share (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$303.20M	USD	Point-in-time
Common stock, par value per share (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$59.00M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$44.00M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, shares, issued (in shares)	`CommonStockSharesIssued`	40.39M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$638.50M	USD	Point-in-time
Common stock, shares, issued (in shares)	`CommonStockSharesIssued`	40.09M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$609.90M	USD	Point-in-time
Common stock, shares, outstanding (in shares)	`CommonStockSharesOutstanding`	40.09M	shares	Point-in-time
Common stock, shares, outstanding (in shares)	`CommonStockSharesOutstanding`	40.39M	shares	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$142.00M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$141.30M	USD	Point-in-time
Goodwill	`Goodwill`	$289.20M	USD	Point-in-time
Goodwill	`Goodwill`	$284.50M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$25.50M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$33.60M	USD	Point-in-time
Investments in privately-held companies	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$46.80M	USD	Point-in-time
Investments in privately-held companies	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$46.40M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$2.80M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$2.30M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$28.70M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$23.20M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$38.20M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$43.20M	USD	Point-in-time
Total assets	`Assets`	$1.21B	USD	Point-in-time
Total assets	`Assets`	$1.18B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$74.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$78.20M	USD	Point-in-time
Accrued liabilities and other current liabilities	`AccruedLiabilitiesCurrent`	$81.40M	USD	Point-in-time
Accrued liabilities and other current liabilities	`AccruedLiabilitiesCurrent`	$67.90M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$4.00M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$3.40M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$2.10M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$1.80M	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$7.40M	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$10.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$158.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$173.10M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$412.30M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$441.10M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$500.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	-	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$18.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$23.40M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$33.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$43.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$637.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$666.80M	USD	Point-in-time
Preferred stock, $.01 par value: 20,000,000 shares authorized, none issued	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Preferred stock, $.01 par value: 20,000,000 shares authorized, none issued	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Common stock, $.01 par value: 150,000,000 shares authorized Shares issued and outstanding: 40,384,190 and 40,085,126 at March 31, 2023 and September 30, 2022, respectively	`CommonStockValueOutstanding`	$400.00K	USD	Point-in-time
Common stock, $.01 par value: 150,000,000 shares authorized Shares issued and outstanding: 40,384,190 and 40,085,126 at March 31, 2023 and September 30, 2022, respectively	`CommonStockValueOutstanding`	$400.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$444.90M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$469.10M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-300.00K	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$100.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$86.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$63.80M	USD	Point-in-time
Total Varex stockholders' equity	`StockholdersEquity`	$531.50M	USD	Point-in-time
Total Varex stockholders' equity	`StockholdersEquity`	$533.40M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$13.40M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$13.30M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$13.20M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$13.30M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$532.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$544.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$546.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$528.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$496.50M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$514.40M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.21B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.18B	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$214.50M	USD	1 Quarter
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$232.20M	USD	1 Quarter
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$666.00M	USD	3 Qtrs
Revenues, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$628.00M	USD	3 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$141.10M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$453.70M	USD	3 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$419.00M	USD	3 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$155.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$212.30M	USD	3 Qtrs
Gross profit	`GrossProfit`	$209.00M	USD	3 Qtrs
Gross profit	`GrossProfit`	$73.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$76.30M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$20.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$63.00M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$20.20M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$56.80M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$30.20M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$32.10M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$96.50M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$88.60M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$145.40M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$159.50M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$50.40M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$52.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$23.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$63.60M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$24.20M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$52.80M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$200.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$2.10M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$100.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$900.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$30.40M	USD	3 Qtrs
Interest expense	`InterestExpense`	$7.30M	USD	1 Quarter
Interest expense	`InterestExpense`	$22.10M	USD	3 Qtrs
Interest expense	`InterestExpense`	$9.40M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-2.50M	USD	3 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-700.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-200.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-3.00M	USD	3 Qtrs
Interest and other expense, net	`NonoperatingIncomeExpense`	$-22.50M	USD	3 Qtrs
Interest and other expense, net	`NonoperatingIncomeExpense`	$-33.20M	USD	3 Qtrs
Interest and other expense, net	`NonoperatingIncomeExpense`	$-7.10M	USD	1 Quarter
Interest and other expense, net	`NonoperatingIncomeExpense`	$-9.50M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.10M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$30.40M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.50M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$30.30M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$13.60M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$12.80M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$5.10M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$7.90M	USD	1 Quarter
Net income	`ProfitLoss`	$17.60M	USD	3 Qtrs
Net income	`ProfitLoss`	$8.40M	USD	1 Quarter
Net income	`ProfitLoss`	$16.70M	USD	3 Qtrs
Net income	`ProfitLoss`	$9.20M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$200.00K	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$400.00K	USD	3 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$100.00K	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$400.00K	USD	3 Qtrs
Net income attributable to Varex	`NetIncomeLoss`	$9.10M	USD	1 Quarter
Net income attributable to Varex	`NetIncomeLoss`	$8.20M	USD	1 Quarter
Net income attributable to Varex	`NetIncomeLoss`	$17.20M	USD	3 Qtrs
Net income attributable to Varex	`NetIncomeLoss`	$16.30M	USD	3 Qtrs
Basic (in USD per share)	`EarningsPerShareBasic`	$0.41	USD	3 Qtrs
Basic (in USD per share)	`EarningsPerShareBasic`	$0.43	USD	3 Qtrs
Basic (in USD per share)	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.40	USD	3 Qtrs
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.21	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.41	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.90M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	40.20M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.70M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	40.40M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.60M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.90M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.50M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	50.40M	shares	1 Quarter

Cash Flow Statement 88 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$8.40M	USD	1 Quarter
Net income	`ProfitLoss`	$16.70M	USD	3 Qtrs
Net income	`ProfitLoss`	$9.20M	USD	1 Quarter
Net income	`ProfitLoss`	$17.60M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$10.70M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$10.10M	USD	3 Qtrs
Depreciation	`Depreciation`	$14.20M	USD	3 Qtrs
Depreciation	`Depreciation`	$14.30M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$11.20M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$10.20M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.40M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.70M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$1.50M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.10M	USD	3 Qtrs
Loss from equity method investments	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-1.50M	USD	3 Qtrs
Loss from equity method investments	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-100.00K	USD	3 Qtrs
Amortization of deferred loan costs	`AmortizationOfDeferredLoanOriginationFeesNet`	$-1.90M	USD	3 Qtrs
Amortization of deferred loan costs	`AmortizationOfDeferredLoanOriginationFeesNet`	$-8.10M	USD	3 Qtrs
Inventory write-down	`InventoryWriteDown`	$3.80M	USD	3 Qtrs
Inventory write-down	`InventoryWriteDown`	$5.30M	USD	3 Qtrs
Loss on operating lease abandonment	`GainLossOnTerminationOfLease`	-	USD	3 Qtrs
Loss on operating lease abandonment	`GainLossOnTerminationOfLease`	$-1.90M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-1.70M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-2.20M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.20M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.90M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$81.10M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.70M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.00M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.60M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$24.80M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.70M	USD	3 Qtrs
Accrued liabilities and other current and long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-12.50M	USD	3 Qtrs
Accrued liabilities and other current and long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-22.80M	USD	3 Qtrs
Deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	$2.40M	USD	3 Qtrs
Deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	$3.50M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$61.30M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-200.00K	USD	3 Qtrs
Purchases of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.50M	USD	3 Qtrs
Purchases of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.30M	USD	3 Qtrs
Loss on settlement of cash flow hedge	`GainLossOnSettlementOfHedgeInvestingActivities`	$200.00K	USD	3 Qtrs
Loss on settlement of cash flow hedge	`GainLossOnSettlementOfHedgeInvestingActivities`	-	USD	3 Qtrs
Proceeds from maturities of marketable debt securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	-	USD	3 Qtrs
Proceeds from maturities of marketable debt securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$16.70M	USD	3 Qtrs
Purchase of marketable debt securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$10.40M	USD	3 Qtrs
Purchase of marketable debt securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$33.60M	USD	3 Qtrs
Purchase of marketable equity securities	`PaymentsToAcquireMarketableSecurities`	$2.70M	USD	3 Qtrs
Purchase of marketable equity securities	`PaymentsToAcquireMarketableSecurities`	-	USD	3 Qtrs
Settlement of net investment hedge	`ProceedsFromHedgeInvestingActivities`	-	USD	3 Qtrs
Settlement of net investment hedge	`ProceedsFromHedgeInvestingActivities`	$7.00M	USD	3 Qtrs
Proceeds from sales of business and assets	`ProceedsFromSalesOfBusinessAndAssets`	$1.70M	USD	3 Qtrs
Proceeds from sales of business and assets	`ProceedsFromSalesOfBusinessAndAssets`	-	USD	3 Qtrs
Investments in and loans to privately-held companies	`PaymentsToAcquireEquityMethodInvestments`	-	USD	3 Qtrs
Investments in and loans to privately-held companies	`PaymentsToAcquireEquityMethodInvestments`	$300.00K	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$2.20M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$400.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.90M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-30.30M	USD	3 Qtrs
Taxes related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.10M	USD	3 Qtrs
Taxes related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.40M	USD	3 Qtrs
Repayments of borrowing under credit agreements	`RepaymentsOfLongTermLinesOfCredit`	$1.70M	USD	3 Qtrs
Repayments of borrowing under credit agreements	`RepaymentsOfLongTermLinesOfCredit`	$29.00M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.80M	USD	3 Qtrs
Proceeds from shares issued under employee stock purchase plan	`ProceedsFromStockPlans`	$3.60M	USD	3 Qtrs
Proceeds from shares issued under employee stock purchase plan	`ProceedsFromStockPlans`	$2.00M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-300.00K	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-500.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.60M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-24.00M	USD	3 Qtrs
Effects of exchange rate changes on cash and cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-100.00K	USD	3 Qtrs
Effects of exchange rate changes on cash and cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-100.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$29.30M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-45.20M	USD	3 Qtrs
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$146.10M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.90M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$90.60M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$119.90M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$119.90M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$90.60M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.90M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$146.10M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$27.40M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$29.50M	USD	3 Qtrs
Income taxes paid, net of (refunds)	`IncomeTaxesPaidNet`	$-600.00K	USD	3 Qtrs
Income taxes paid, net of (refunds)	`IncomeTaxesPaidNet`	$9.80M	USD	3 Qtrs
Purchases of property, plant and equipment financed through accounts payable	`FairValueOfAssetsAcquired`	$1.30M	USD	3 Qtrs
Purchases of property, plant and equipment financed through accounts payable	`FairValueOfAssetsAcquired`	$1.20M	USD	3 Qtrs

Stockholders Equity 41 line items

Line Item	Tag	Value	Unit	Period
Stockholders' equity, outstanding, beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$544.90M	USD	Point-in-time
Stockholders' equity, outstanding, beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$546.70M	USD	Point-in-time
Stockholders' equity, outstanding, beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$528.10M	USD	Point-in-time
Stockholders' equity, outstanding, beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$496.50M	USD	Point-in-time
Stockholders' equity, outstanding, beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$532.90M	USD	Point-in-time
Stockholders' equity, outstanding, beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$514.40M	USD	Point-in-time
Common stock, shares, outstanding, beginning balance (in shares)	`CommonStockSharesOutstanding`	40.09M	shares	Point-in-time
Common stock, shares, outstanding, beginning balance (in shares)	`CommonStockSharesOutstanding`	40.39M	shares	Point-in-time
Net income	`ProfitLoss`	$17.60M	USD	3 Qtrs
Net income	`ProfitLoss`	$9.20M	USD	1 Quarter
Net income	`ProfitLoss`	$8.40M	USD	1 Quarter
Net income	`ProfitLoss`	$16.70M	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.70M	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.40M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.50M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.10M	USD	3 Qtrs
Unrealized loss on change in fair value of available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-100.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$400.00K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$400.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$900.00K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-800.00K	USD	1 Quarter
Common stock issued under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$3.60M	USD	3 Qtrs
Common stock issued under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$2.00M	USD	3 Qtrs
Common stock issued under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$1.90M	USD	1 Quarter
Unrealized loss on change in fair value of cash flow hedge	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-600.00K	USD	3 Qtrs
Unrealized loss on change in fair value of cash flow hedge	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-600.00K	USD	1 Quarter
Shares withheld on vesting of restricted stock	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.10M	USD	3 Qtrs
Shares withheld on vesting of restricted stock	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.40M	USD	3 Qtrs
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.80M	USD	3 Qtrs
Other	`StockholdersEquityOther`	$200.00K	USD	1 Quarter
Other	`StockholdersEquityOther`	$500.00K	USD	3 Qtrs
Other	`StockholdersEquityOther`	$200.00K	USD	1 Quarter
Other	`StockholdersEquityOther`	$700.00K	USD	3 Qtrs
Stockholders' equity, outstanding, ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$544.90M	USD	Point-in-time
Stockholders' equity, outstanding, ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$546.70M	USD	Point-in-time
Stockholders' equity, outstanding, ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$528.10M	USD	Point-in-time
Stockholders' equity, outstanding, ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$496.50M	USD	Point-in-time
Stockholders' equity, outstanding, ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$532.90M	USD	Point-in-time
Stockholders' equity, outstanding, ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$514.40M	USD	Point-in-time
Common stock, shares, outstanding, ending balance (in shares)	`CommonStockSharesOutstanding`	40.09M	shares	Point-in-time
Common stock, shares, outstanding, ending balance (in shares)	`CommonStockSharesOutstanding`	40.39M	shares	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$8.40M	USD	1 Quarter
Net income	`ProfitLoss`	$16.70M	USD	3 Qtrs
Net income	`ProfitLoss`	$9.20M	USD	1 Quarter
Net income	`ProfitLoss`	$17.60M	USD	3 Qtrs
Unrealized loss on forward contracts	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$-600.00K	USD	1 Quarter
Unrealized loss on forward contracts	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	-	USD	1 Quarter
Unrealized loss on forward contracts	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	$-600.00K	USD	3 Qtrs
Unrealized loss on forward contracts	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax`	-	USD	3 Qtrs
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	3 Qtrs
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	3 Qtrs
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-100.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-400.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-400.00K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-900.00K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$800.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$8.60M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$16.10M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$16.30M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$8.70M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$100.00K	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$400.00K	USD	3 Qtrs
Less: Comprehensive income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$400.00K	USD	3 Qtrs
Less: Comprehensive income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$200.00K	USD	1 Quarter
Comprehensive income attributable to Varex	`ComprehensiveIncomeNetOfTax`	$15.70M	USD	3 Qtrs
Comprehensive income attributable to Varex	`ComprehensiveIncomeNetOfTax`	$15.90M	USD	3 Qtrs
Comprehensive income attributable to Varex	`ComprehensiveIncomeNetOfTax`	$8.40M	USD	1 Quarter
Comprehensive income attributable to Varex	`ComprehensiveIncomeNetOfTax`	$8.60M	USD	1 Quarter

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