10-Q Filing

UBIQUITI INC. CIK: 1511737 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001445305-13-000191`
Period End Date	20121231
Filing Date	20130208
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	ubnt-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 85 Cash Flow Statement 73

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.27M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.46M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$76.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$122.06M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$148.30M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$64.84M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,465 and $1,266, respectively	`AccountsReceivableNetCurrent`	$55.90M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,465 and $1,266, respectively	`AccountsReceivableNetCurrent`	$75.64M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$14.62M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$7.73M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Current deferred tax asset	`CurrentDeferredTaxAssetsRevenue`	$882.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Current deferred tax asset	`CurrentDeferredTaxAssetsRevenue`	$882.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.77M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	92.05M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	86.96M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$222.48M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$207.90M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	39.08M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	44.24M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.66M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.47M	USD	Point-in-time
Long-term deferred tax asset	`DeferredTaxAssetsNetNoncurrent`	$232.00K	USD	Point-in-time
Long-term deferred tax asset	`DeferredTaxAssetsNetNoncurrent`	$232.00K	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$1.14M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$1.80M	USD	Point-in-time
Total assets	`Assets`	$230.18M	USD	Point-in-time
Total assets	`Assets`	$213.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.45M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$235.00K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$1.39M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$815.00K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$805.00K	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$5.35M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$946.00K	USD	Point-in-time
Debt - short-term	`ShortTermBorrowings`	$6.97M	USD	Point-in-time
Debt - short-term	`ShortTermBorrowings`	$5.01M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$14.93M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$17.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$55.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$52.44M	USD	Point-in-time
Long-term taxes payable	`UnrecognizedTaxBenefitsInLongTermIncomeTaxesPayable`	$7.73M	USD	Point-in-time
Long-term taxes payable	`UnrecognizedTaxBenefitsInLongTermIncomeTaxesPayable`	$7.73M	USD	Point-in-time
Debt - long-term	`LongTermDebtNoncurrent`	$22.62M	USD	Point-in-time
Debt - long-term	`LongTermDebtNoncurrent`	$73.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$82.78M	USD	Point-in-time
Total liabilities	`Liabilities`	$136.57M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock-$0.001 par value; 50,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock-$0.001 par value; 50,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock$0.001 par value; 500,000,000 shares authorized: 86,957,786 and 92,049,978 outstanding at December 31,2012 and June 30, 2012, respectively	`CommonStockValue`	$87.00K	USD	Point-in-time
Common stock$0.001 par value; 500,000,000 shares authorized: 86,957,786 and 92,049,978 outstanding at December 31,2012 and June 30, 2012, respectively	`CommonStockValue`	$92.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$130.66M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$128.98M	USD	Point-in-time
Treasury stock44,238,960 and 39,079,910 shares held in treasury at December 31, 2012 and June 30, 2012, respectively	`TreasuryStockValue`	$123.86M	USD	Point-in-time
Treasury stock44,238,960 and 39,079,910 shares held in treasury at December 31, 2012 and June 30, 2012, respectively	`TreasuryStockValue`	$69.52M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$71.39M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$86.72M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$93.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$130.95M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$230.18M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$213.74M	USD	Point-in-time

Income Statement 85 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$136.44M	USD	2 Qtrs
Revenues	`SalesRevenueNet`	$166.98M	USD	2 Qtrs
Revenues	`SalesRevenueNet`	$74.90M	USD	1 Quarter
Revenues	`SalesRevenueNet`	$87.82M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$44.42M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$50.53M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$96.68M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$80.93M	USD	2 Qtrs
Gross profit	`GrossProfit`	$30.48M	USD	1 Quarter
Gross profit	`GrossProfit`	$70.30M	USD	2 Qtrs
Gross profit	`GrossProfit`	$55.51M	USD	2 Qtrs
Gross profit	`GrossProfit`	$37.29M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$7.05M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$9.76M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$5.05M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.68M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.43M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.31M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$9.85M	USD	2 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.58M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$6.11M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$11.63M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$19.61M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$10.37M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$31.18M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$58.68M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$35.89M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$20.12M	USD	1 Quarter
Interest expense and other, net	`InvestmentIncomeInterest`	$-197.00K	USD	1 Quarter
Interest expense and other, net	`InvestmentIncomeInterest`	$-312.00K	USD	1 Quarter
Interest expense and other, net	`InvestmentIncomeInterest`	$-946.00K	USD	2 Qtrs
Interest expense and other, net	`InvestmentIncomeInterest`	$-283.00K	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$30.86M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$57.73M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$35.61M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$19.92M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.12M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.55M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.63M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$46.18M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$24.69M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$30.98M	USD	2 Qtrs
Preferred stock cumulative dividend and accretion of cost of preferred stock	`PreferredStockCumulativeDividendAndAccretionOfCostOfPreferredStock`	$112.43M	USD	2 Qtrs
Preferred stock cumulative dividend and accretion of cost of preferred stock	`PreferredStockCumulativeDividendAndAccretionOfCostOfPreferredStock`	-	USD	1 Quarter
Preferred stock cumulative dividend and accretion of cost of preferred stock	`PreferredStockCumulativeDividendAndAccretionOfCostOfPreferredStock`	-	USD	2 Qtrs
Preferred stock cumulative dividend and accretion of cost of preferred stock	`PreferredStockCumulativeDividendAndAccretionOfCostOfPreferredStock`	$9.70M	USD	1 Quarter
Less allocation of net income to participating preferred stockholders	`PreferredStockDividendsIncomeStatementImpact`	$559.00K	USD	1 Quarter
Less allocation of net income to participating preferred stockholders	`PreferredStockDividendsIncomeStatementImpact`	-	USD	2 Qtrs
Less allocation of net income to participating preferred stockholders	`PreferredStockDividendsIncomeStatementImpact`	-	USD	2 Qtrs
Less allocation of net income to participating preferred stockholders	`PreferredStockDividendsIncomeStatementImpact`	-	USD	1 Quarter
Net income (loss) attributable to common stockholders - basic (usd per share)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$17.80M	USD	1 Quarter
Net income (loss) attributable to common stockholders - basic (usd per share)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-66.25M	USD	2 Qtrs
Net income (loss) attributable to common stockholders - basic (usd per share)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$14.43M	USD	1 Quarter
Net income (loss) attributable to common stockholders - basic (usd per share)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$30.98M	USD	2 Qtrs
Undistributed earnings re-allocated to common stockholders	`UndistributedEarningsBasicReAllocatedToCommonStockholders`	$15.00K	USD	1 Quarter
Undistributed earnings re-allocated to common stockholders	`UndistributedEarningsBasicReAllocatedToCommonStockholders`	-	USD	1 Quarter
Undistributed earnings re-allocated to common stockholders	`UndistributedEarningsBasicReAllocatedToCommonStockholders`	-	USD	2 Qtrs
Undistributed earnings re-allocated to common stockholders	`UndistributedEarningsBasicReAllocatedToCommonStockholders`	-	USD	2 Qtrs
Net income (loss) attributable to common stockholders - diluted (usd per share)	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$14.44M	USD	1 Quarter
Net income (loss) attributable to common stockholders - diluted (usd per share)	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$17.80M	USD	1 Quarter
Net income (loss) attributable to common stockholders - diluted (usd per share)	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$30.98M	USD	2 Qtrs
Net income (loss) attributable to common stockholders - diluted (usd per share)	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-66.25M	USD	2 Qtrs
Net income (loss) per basic share of common stock (usd per share)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Net income (loss) per basic share of common stock (usd per share)	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Net income (loss) per basic share of common stock (usd per share)	`EarningsPerShareBasic`	$-0.88	USD	2 Qtrs
Net income (loss) per basic share of common stock (usd per share)	`EarningsPerShareBasic`	$0.35	USD	2 Qtrs
Net income (loss) per diluted share of common stock (usd per share)	`EarningsPerShareDiluted`	$-0.88	USD	2 Qtrs
Net income (loss) per diluted share of common stock (usd per share)	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Net income (loss) per diluted share of common stock (usd per share)	`EarningsPerShareDiluted`	$0.34	USD	2 Qtrs
Net income (loss) per diluted share of common stock (usd per share)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Weighted-average shares used in computing basic net income (loss) per share, number of shares	`WeightedAverageNumberOfSharesOutstandingBasic`	88.09M	shares	1 Quarter
Weighted-average shares used in computing basic net income (loss) per share, number of shares	`WeightedAverageNumberOfSharesOutstandingBasic`	89.53M	shares	2 Qtrs
Weighted-average shares used in computing basic net income (loss) per share, number of shares	`WeightedAverageNumberOfSharesOutstandingBasic`	87.49M	shares	1 Quarter
Weighted-average shares used in computing basic net income (loss) per share, number of shares	`WeightedAverageNumberOfSharesOutstandingBasic`	75.10M	shares	2 Qtrs
Weighted-average shares used in computing diluted net income (loss) per share, number of shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	75.10M	shares	2 Qtrs
Weighted-average shares used in computing diluted net income (loss) per share, number of shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	90.06M	shares	1 Quarter
Weighted-average shares used in computing diluted net income (loss) per share, number of shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	91.49M	shares	2 Qtrs
Weighted-average shares used in computing diluted net income (loss) per share, number of shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	90.06M	shares	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	-	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.18	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.18	USD	Point-in-time
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.18	USD	2 Qtrs

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$46.18M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$24.69M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$30.98M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$227.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$753.00K	USD	2 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$505.00K	USD	2 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$875.00K	USD	2 Qtrs
Excess tax benefit from employee stock-based awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$11.42M	USD	2 Qtrs
Excess tax benefit from employee stock-based awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$61.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$702.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.55M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.20M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$564.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-18.54M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$22.17M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.82M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$7.76M	USD	2 Qtrs
Deferred cost of revenues	`IncreaseDecreaseInDeferredCharges`	-	USD	2 Qtrs
Deferred cost of revenues	`IncreaseDecreaseInDeferredCharges`	$40.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.62M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-998.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.83M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$697.00K	USD	2 Qtrs
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$4.41M	USD	2 Qtrs
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$9.06M	USD	2 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$648.00K	USD	2 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$10.00K	USD	2 Qtrs
Accrued liabilities and other	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-176.00K	USD	2 Qtrs
Accrued liabilities and other	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-2.16M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$50.52M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.97M	USD	2 Qtrs
Purchase of property and equipment and other long-term assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.47M	USD	2 Qtrs
Purchase of property and equipment and other long-term assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.11M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.47M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.11M	USD	2 Qtrs
Proceeds from term loan, net	`ProceedsFromDebtNetOfIssuanceCosts`	$34.82M	USD	2 Qtrs
Proceeds from term loan, net	`ProceedsFromDebtNetOfIssuanceCosts`	$50.83M	USD	2 Qtrs
Repayments on term loan balance	`PaymentsForLoans`	$1.75M	USD	2 Qtrs
Repayments on term loan balance	`PaymentsForLoans`	$1.83M	USD	2 Qtrs
Repurchases of common stock	`RepurchaseOfCommonStock`	$54.35M	USD	2 Qtrs
Repurchases of common stock	`RepurchaseOfCommonStock`	-	USD	2 Qtrs
Payment of special common stock dividend	`PaymentsOfDividends`	-	USD	2 Qtrs
Payment of special common stock dividend	`PaymentsOfDividends`	$15.70M	USD	Point-in-time
Payment of special common stock dividend	`PaymentsOfDividends`	$15.65M	USD	2 Qtrs
Repurchase of Series A convertible preferred stock	`PaymentsForRepurchaseOfConvertiblePreferredStock`	-	USD	2 Qtrs
Repurchase of Series A convertible preferred stock	`PaymentsForRepurchaseOfConvertiblePreferredStock`	$108.00M	USD	2 Qtrs
Issuance of convertible subordinated promissory notes	`IssuanceOfConvertibleSubordinatedPromissoryNotes`	-	USD	2 Qtrs
Issuance of convertible subordinated promissory notes	`IssuanceOfConvertibleSubordinatedPromissoryNotes`	$68.00M	USD	2 Qtrs
Payment of convertible subordinated promissory notes	`PaymentOfConvertibleSubordinatedPromissoryNotes`	$68.00M	USD	2 Qtrs
Payment of convertible subordinated promissory notes	`PaymentOfConvertibleSubordinatedPromissoryNotes`	-	USD	2 Qtrs
Proceeds from shares issued in initial public offering, net of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	2 Qtrs
Proceeds from shares issued in initial public offering, net of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$32.62M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$161.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$511.00K	USD	2 Qtrs
Excess tax benefit from employee stock-based awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$11.42M	USD	2 Qtrs
Excess tax benefit from employee stock-based awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$61.00K	USD	2 Qtrs
Tax withholdings related to net share settlements of restricted stock units	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$33.00K	USD	2 Qtrs
Tax withholdings related to net share settlements of restricted stock units	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	-	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-20.82M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-30.38M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-11.52M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$26.24M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$76.36M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$122.06M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$148.30M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$64.84M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$76.36M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$122.06M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$148.30M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$64.84M	USD	Point-in-time
Conversion of preferred stock into common stock in conjunction with initial public offering	`ConversionOfStockAmountConverted1`	$150.28M	USD	2 Qtrs
Conversion of preferred stock into common stock in conjunction with initial public offering	`ConversionOfStockAmountConverted1`	-	USD	2 Qtrs

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