10-Q Filing

CLEARFIELD, INC. CIK: 796505 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001171843-24-000584`
Period End Date	20231231
Filing Date	20240205
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	clfd20231231_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 28 Cash Flow Statement 64 Stockholders Equity 23 Comprehensive Income 10

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.83M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.48M	USD	Point-in-time
Preferred Stock, Shares Authorized (in shares)	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Preferred Stock, Shares Authorized (in shares)	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Preferred Stock, Shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$128.35M	USD	Point-in-time
Preferred Stock, Shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$130.29M	USD	Point-in-time
Preferred Stock, Shares Outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivables, net	`AccountsReceivableNetCurrent`	$28.39M	USD	Point-in-time
Accounts receivables, net	`AccountsReceivableNetCurrent`	$17.36M	USD	Point-in-time
Inventories, net	`InventoryNet`	$94.61M	USD	Point-in-time
Common Stock, Shares Authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$98.06M	USD	Point-in-time
Common Stock, Shares Authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common Stock, Par or Stated Value Per Share (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Par or Stated Value Per Share (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.81M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.70M	USD	Point-in-time
Common Stock, Shares, Issued (in shares)	`CommonStockSharesIssued`	15.25M	shares	Point-in-time
Common Stock, Shares, Issued (in shares)	`CommonStockSharesIssued`	14.94M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$276.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$296.25M	USD	Point-in-time
Common Stock, Shares, Outstanding (in shares)	`CommonStockSharesOutstanding`	14.94M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$22.87M	USD	Point-in-time
Common Stock, Shares, Outstanding (in shares)	`CommonStockSharesOutstanding`	15.25M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$21.53M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$6.34M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$6.50M	USD	Point-in-time
Goodwill	`GoodwillGross`	$6.53M	USD	Point-in-time
Goodwill	`GoodwillGross`	$6.62M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$6.09M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$5.98M	USD	Point-in-time
Right-of-use lease assets	`OperatingLeaseRightOfUseAsset`	$13.86M	USD	Point-in-time
Right-of-use lease assets	`OperatingLeaseRightOfUseAsset`	$13.30M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$2.75M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$3.04M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$1.87M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$988.00K	USD	Point-in-time
Total other assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$37.73M	USD	Point-in-time
Total other assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$36.14M	USD	Point-in-time
Total Assets	`Assets`	$355.52M	USD	Point-in-time
Total Assets	`Assets`	$351.80M	USD	Point-in-time
Total Assets	`Assets`	$335.63M	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$3.74M	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$3.81M	USD	Point-in-time
Current maturities of long-term debt	`DebtCurrent`	$2.21M	USD	Point-in-time
Current maturities of long-term debt	`DebtCurrent`	$2.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.89M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$5.57M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$5.28M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.40M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.75M	USD	Point-in-time
Factoring liability	`FactoringLiabilities`	$6.29M	USD	Point-in-time
Factoring liability	`FactoringLiabilities`	$3.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$24.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$29.00M	USD	Point-in-time
Long-term portion of lease liability	`OperatingLeaseLiabilityNoncurrent`	$10.63M	USD	Point-in-time
Long-term portion of lease liability	`OperatingLeaseLiabilityNoncurrent`	$9.97M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$721.00K	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$607.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$35.53M	USD	Point-in-time
Total liabilities	`Liabilities`	$40.35M	USD	Point-in-time
Preferred stock, $.01 par value; 500,000 shares; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value; 500,000 shares; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, authorized 50,000,000, $.01 par value; 14,939,671 and 15,254,725 shares issued and outstanding as of December 31, 2023 and Septembe 30, 2023, respectively	`CommonStockValue`	$153.00K	USD	Point-in-time
Common stock, authorized 50,000,000, $.01 par value; 14,939,671 and 15,254,725 shares issued and outstanding as of December 31, 2023 and Septembe 30, 2023, respectively	`CommonStockValue`	$149.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$188.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$177.32M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$476.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-544.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$122.15M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$127.34M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$315.16M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$147.58M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$300.10M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$293.88M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$355.52M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$335.63M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$85.94M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$34.23M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$29.53M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$55.29M	USD	1 Quarter
Gross profit	`GrossProfit`	$30.65M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.70M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$12.76M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$12.86M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$-8.16M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$17.89M	USD	1 Quarter
Net investment income	`InvestmentIncomeInterest`	$2.07M	USD	1 Quarter
Net investment income	`InvestmentIncomeInterest`	$303.00K	USD	1 Quarter
Interest expense	`InvestmentIncomeInvestmentExpense`	$243.00K	USD	1 Quarter
Interest expense	`InvestmentIncomeInvestmentExpense`	$126.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.22M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.95M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.69M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-951.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-5.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.26M	USD	1 Quarter
Net income per share Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.35	USD	1 Quarter
Net income per share Basic (in dollars per share)	`EarningsPerShareBasic`	$1.01	USD	1 Quarter
Net income per share Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.00	USD	1 Quarter
Net income per share Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.35	USD	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.28M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.21M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	15.21M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.17M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-5.27M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$14.26M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.35M	USD	1 Quarter
Gain on sale of property, plant, and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$44.00K	USD	1 Quarter
Gain on sale of property, plant, and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Amortization of discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$218.00K	USD	1 Quarter
Amortization of discount on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.16M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$-320.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$-80.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$660.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.27M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-11.75M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$549.00K	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$6.50M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-4.17M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-815.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$176.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.08M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.64M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.10M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.83M	USD	1 Quarter
Purchases of property, plant and equipment and intangible assets	`PaymentsToAcquireProductiveAssets`	$2.21M	USD	1 Quarter
Purchases of property, plant and equipment and intangible assets	`PaymentsToAcquireProductiveAssets`	$2.41M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$47.75M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$98.88M	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$51.07M	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$908.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-101.09M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$16.70M	USD	1 Quarter
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromStockPlans`	$299.00K	USD	1 Quarter
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromStockPlans`	$250.00K	USD	1 Quarter
Repurchase of shares for payment of withholding taxes for stock grants	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$954.00K	USD	1 Quarter
Repurchase of shares for payment of withholding taxes for stock grants	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$236.00K	USD	1 Quarter
Tax withholding and proceeds related to exercise of stock options	`PaymentsForProceedsFromTaxWithholdingStockOptionsExercised`	$342.00K	USD	1 Quarter
Tax withholding and proceeds related to exercise of stock options	`PaymentsForProceedsFromTaxWithholdingStockOptionsExercised`	-	USD	1 Quarter
Issuance of stock under equity compensation plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$954.00K	USD	1 Quarter
Issuance of stock under equity compensation plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	-	USD	1 Quarter
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$130.26M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$12.19M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$113.52M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.17M	USD	1 Quarter
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$135.00K	USD	1 Quarter
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$93.00K	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.34M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$13.66M	USD	1 Quarter
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$16.65M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$30.31M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$37.83M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$34.48M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$16.65M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$30.31M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$37.83M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$34.48M	USD	Point-in-time
Cash paid during the year for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid during the year for income taxes	`IncomeTaxesPaidNet`	$61.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$86.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$205.00K	USD	1 Quarter
Cashless exercise of stock options	`IssuanceOfCommonStockFundedThroughSharesSoldToCompany`	-	USD	1 Quarter
Cashless exercise of stock options	`IssuanceOfCommonStockFundedThroughSharesSoldToCompany`	$431.00K	USD	1 Quarter

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$315.16M	USD	Point-in-time
Balance	`StockholdersEquity`	$147.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$300.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$293.88M	USD	Point-in-time
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.27M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$660.00K	USD	1 Quarter
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$299.00K	USD	1 Quarter
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$250.00K	USD	1 Quarter
Issuance of common stock under equity compensation plans	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Issuance of common stock under equity compensation plans	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$954.00K	USD	1 Quarter
Repurchase of shares for payment of withholding taxes for vested restricted stock grants	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$236.00K	USD	1 Quarter
Repurchase of shares for payment of withholding taxes for vested restricted stock grants	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$954.00K	USD	1 Quarter
us-gaap_StockRepurchasedAndRetiredDuringPeriodValue	`StockRepurchasedAndRetiredDuringPeriodValue`	$12.19M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossBeforeTax`	$1.02M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossBeforeTax`	$1.17M	USD	1 Quarter
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$130.26M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-5.27M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$14.26M	USD	1 Quarter
Balance at March 31, 2022	`StockholdersEquity`	$315.16M	USD	Point-in-time
Balance at March 31, 2022	`StockholdersEquity`	$147.58M	USD	Point-in-time
Balance at March 31, 2022	`StockholdersEquity`	$300.10M	USD	Point-in-time
Balance at March 31, 2022	`StockholdersEquity`	$293.88M	USD	Point-in-time
Exercise of stock options, net of shares exchanged for payment	`StockIssuedDuringPeriodValueWithholdingRelatedToStockOptionsExercised`	$342.00K	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-5.27M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$14.26M	USD	1 Quarter
Unrealized gain on available-for-sale investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$291.00K	USD	1 Quarter
Unrealized gain on available-for-sale investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$141.00K	USD	1 Quarter
Unrealized gain on foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$729.00K	USD	1 Quarter
Unrealized gain on foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$1.02M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.02M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.17M	USD	1 Quarter
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$15.42M	USD	1 Quarter
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-4.25M	USD	1 Quarter

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