10-Q Filing

ARLO TECHNOLOGIES, INC. CIK: 1736946 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001736946-18-000012`
Period End Date	20180930
Filing Date	20181102
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	arlo-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 74 Cash Flow Statement 62 Stockholders Equity 23 Comprehensive Income 34

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$108.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$220.00K	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$179.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$148.07M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	-	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$39.77M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$157.68M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$117.12M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Receivables from NETGEAR	`DueFromRelatedPartiesCurrent`	-	USD	Point-in-time
Receivables from NETGEAR	`DueFromRelatedPartiesCurrent`	$27.59M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	74.25M	shares	Point-in-time
Inventories	`InventoryNet`	$82.95M	USD	Point-in-time
Inventories	`InventoryNet`	$132.48M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	74.25M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.02M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	62.50M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$474.56M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$243.76M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$39.61M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.88M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$4.35M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$3.20M	USD	Point-in-time
Goodwill	`Goodwill`	$15.64M	USD	Point-in-time
Goodwill	`Goodwill`	$15.64M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$2.19M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$10.20M	USD	Point-in-time
Total assets	`Assets`	$269.82M	USD	Point-in-time
Total assets	`Assets`	$543.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$49.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.71M	USD	Point-in-time
Payables to NETGEAR	`DueToRelatedPartiesCurrent`	$15.20M	USD	Point-in-time
Payables to NETGEAR	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$34.07M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$26.51M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$76.10M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$104.52M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$199.00K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$130.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$196.38M	USD	Point-in-time
Non-current deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$19.39M	USD	Point-in-time
Non-current deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$13.33M	USD	Point-in-time
Non-current financing lease obligation	`FinanceLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Non-current financing lease obligation	`FinanceLeaseLiabilityNoncurrent`	$20.64M	USD	Point-in-time
Non-current income taxes payable	`AccruedIncomeTaxesNoncurrent`	$22.00K	USD	Point-in-time
Non-current income taxes payable	`AccruedIncomeTaxesNoncurrent`	$189.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.07M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$144.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$237.50M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock: $0.001 par value; 50,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock: $0.001 par value; 500,000,000 shares authorized; shares issued and outstanding: 74,247,250 as of September 30, 2018 and none as of December 31, 2017	`CommonStockValue`	$74.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$312.40M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$14.00K	USD	Point-in-time
Net parent investment	`NetParentInvestment`	$125.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.78M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$125.42M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$305.71M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$73.17M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$543.21M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$269.82M	USD	Point-in-time

Income Statement 74 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$104.89M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$245.88M	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$342.76M	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$131.17M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$184.47M	USD	3 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$101.43M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$255.67M	USD	3 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$76.53M	USD	1 Quarter
Gross profit	`GrossProfit`	$28.35M	USD	1 Quarter
Gross profit	`GrossProfit`	$61.42M	USD	3 Qtrs
Gross profit	`GrossProfit`	$29.75M	USD	1 Quarter
Gross profit	`GrossProfit`	$87.09M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$24.89M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$8.29M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$16.10M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$41.93M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$37.12M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$9.98M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$23.07M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$12.84M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.36M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.43M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$19.55M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.34M	USD	1 Quarter
Separation expense	`ProfessionalFees`	-	USD	3 Qtrs
Separation expense	`ProfessionalFees`	$23.65M	USD	3 Qtrs
Separation expense	`ProfessionalFees`	$5.82M	USD	1 Quarter
Separation expense	`ProfessionalFees`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$122.25M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$22.61M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$58.38M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$43.12M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-13.38M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$5.74M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$3.04M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-35.16M	USD	3 Qtrs
Interest income	`InterestIncomeExpenseNet`	$503.00K	USD	3 Qtrs
Interest income	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	-	USD	3 Qtrs
Interest income	`InterestIncomeExpenseNet`	$503.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-923.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.65M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$716.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-129.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.46M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-13.00M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.69M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-35.58M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$801.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$830.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$223.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$445.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$6.01M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-29.63M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$3.89M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-13.22M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$6.55M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-36.41M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.19	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.06	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.56	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.56	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.19	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.06	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	62.50M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	62.50M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	69.60M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	64.87M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.50M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.60M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.50M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	64.87M	shares	3 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$6.01M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-29.63M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$3.89M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-13.22M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$6.55M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-36.41M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.81M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.41M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$5.34M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.85M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-438.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-220.00K	USD	3 Qtrs
Premium amortization / discount accretion on investments, net	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	-	USD	3 Qtrs
Premium amortization / discount accretion on investments, net	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$3.00K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$12.29M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$69.72M	USD	3 Qtrs
Receivables from NETGEAR	`IncreaseDecreaseInAccountsReceivableRelatedParties`	-	USD	3 Qtrs
Receivables from NETGEAR	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$24.61M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$50.01M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$27.46M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$202.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.84M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.40M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$53.72M	USD	3 Qtrs
Payables to NETGEAR	`IncreaseDecreaseInAccountsPayableRelatedParties`	$14.14M	USD	3 Qtrs
Payables to NETGEAR	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$13.91M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$7.17M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$57.82M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$14.02M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.02M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$143.00K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.07M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-46.31M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.18M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.85M	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$39.77M	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	-	USD	3 Qtrs
Payments made in connection with business acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$737.00K	USD	3 Qtrs
Payments made in connection with business acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-50.63M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.92M	USD	3 Qtrs
Proceeds from initial public offering, net of offering costs	`ProceedsFromIssuanceInitialPublicOfferingNetOfIssuanceCosts`	-	USD	3 Qtrs
Proceeds from initial public offering, net of offering costs	`ProceedsFromIssuanceInitialPublicOfferingNetOfIssuanceCosts`	$173.40M	USD	3 Qtrs
Net investment from parent	`ProceedsFromContributionsFromParent`	$7.95M	USD	3 Qtrs
Net investment from parent	`ProceedsFromContributionsFromParent`	$71.51M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$244.90M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.95M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$147.97M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-41.00K	USD	3 Qtrs
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$108.00K	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$220.00K	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$179.00K	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$148.07M	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$108.00K	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$220.00K	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$179.00K	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$148.07M	USD	Point-in-time
Purchases and transfers of property and equipment	`Purchasesandtransfersofpropertyandequipment`	$574.00K	USD	3 Qtrs
Purchases and transfers of property and equipment	`Purchasesandtransfersofpropertyandequipment`	$5.28M	USD	3 Qtrs
Estimated fair value of a facility under build-to-suit lease	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	$21.86M	USD	3 Qtrs
Estimated fair value of a facility under build-to-suit lease	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	-	USD	3 Qtrs

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$125.42M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$305.71M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$73.17M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$6.01M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-29.63M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$3.89M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-13.22M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$6.55M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-36.41M	USD	3 Qtrs
Net transfer from Parent	`NetTransferFromParent`	$43.24M	USD	Annual
Net transfer from Parent	`NetTransferFromParent`	$44.16M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.58M	USD	3 Qtrs
Cumulative-effect adjustment from adoption of ASC 606, net of tax	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$-3.06M	USD	Point-in-time
Issuance of common stock from initial public offering	`StockIssuedDuringPeriodValueNewIssues`	$174.74M	USD	3 Qtrs
Initial public offering costs paid	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$1.40M	USD	3 Qtrs
Conversion of Net parent investment into common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$62.00K	USD	3 Qtrs
Change in unrealized gains and losses on available-for-sale securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-3.00K	USD	3 Qtrs
Change in unrealized gains and losses on derivatives, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$17.00K	USD	3 Qtrs
Ending balance (in shares)	`CommonStockSharesOutstanding`	74.25M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	62.50M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$125.42M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$305.71M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$73.17M	USD	Point-in-time

Comprehensive Income 34 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$6.01M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-29.63M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$3.89M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-13.22M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$6.55M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-36.41M	USD	3 Qtrs
Unrealized gain on derivative instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax`	-	USD	1 Quarter
Unrealized gain on derivative instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax`	$20.00K	USD	1 Quarter
Unrealized gain on derivative instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax`	-	USD	3 Qtrs
Unrealized gain on derivative instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax`	$20.00K	USD	3 Qtrs
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	-	USD	3 Qtrs
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	-	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-4.00K	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-4.00K	USD	3 Qtrs
Total other comprehensive income, before tax	`OtherComprehensiveIncomeLossBeforeTax`	$16.00K	USD	1 Quarter
Total other comprehensive income, before tax	`OtherComprehensiveIncomeLossBeforeTax`	-	USD	1 Quarter
Total other comprehensive income, before tax	`OtherComprehensiveIncomeLossBeforeTax`	$16.00K	USD	3 Qtrs
Total other comprehensive income, before tax	`OtherComprehensiveIncomeLossBeforeTax`	-	USD	3 Qtrs
Tax provision related to derivative instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax`	$3.00K	USD	1 Quarter
Tax provision related to derivative instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax`	-	USD	3 Qtrs
Tax provision related to derivative instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax`	$3.00K	USD	3 Qtrs
Tax provision related to derivative instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax`	-	USD	1 Quarter
Tax benefit related to available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	-	USD	1 Quarter
Tax benefit related to available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-1.00K	USD	1 Quarter
Tax benefit related to available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	-	USD	3 Qtrs
Tax benefit related to available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-1.00K	USD	3 Qtrs
Total other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$14.00K	USD	3 Qtrs
Total other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Total other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	3 Qtrs
Total other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$14.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$6.01M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-36.40M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$3.89M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-13.21M	USD	1 Quarter

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