☑ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||||||||
Common stock, $0.001 par value | CRUS | The NASDAQ Global Select Market | ||||||||||||
Securities registered pursuant to Section 12(g) of the Act: None |
Large Accelerated Filer | ☑ | Accelerated Filer | ☐ | ||||||||
Non-accelerated Filer | ☐ | Smaller Reporting Company | ☐ | ||||||||
Emerging Growth Company | ☐ |
PART I - FINANCIAL INFORMATION | ||||||||
Item 1. | Financial Statements | |||||||
Consolidated Condensed Balance Sheets - September 23, 2023 (unaudited) and March 25, 2023 | ||||||||
Consolidated Condensed Statements of Income (unaudited) - Three and Six Months Ended September 23, 2023 and September 24, 2022 | ||||||||
Consolidated Condensed Statements of Comprehensive Income (unaudited) - Three and Six Months Ended September 23, 2023 and September 24, 2022 | ||||||||
Consolidated Condensed Statements of Cash Flows (unaudited) - Six Months Ended September 23, 2023 and September 24, 2022 | ||||||||
Consolidated Condensed Statements of Stockholders' Equity (unaudited) - Three and Six Months Ended September 23, 2023 and September 24, 2022 | 7 | |||||||
Notes to Consolidated Condensed Financial Statements (unaudited) | ||||||||
Item 2. | Management's Discussion and Analysis of Financial Condition and Results of Operations | |||||||
Item 3. | Quantitative and Qualitative Disclosures about Market Risk | |||||||
Item 4. | Controls and Procedures | |||||||
PART II - OTHER INFORMATION | ||||||||
Item 1. | Legal Proceedings | |||||||
Item 1A. | Risk Factors | |||||||
Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | |||||||
Item 3. | Defaults Upon Senior Securities | |||||||
Item 4. | Mine Safety Disclosures | |||||||
Item 5. | Other Information | |||||||
Item 6. | Exhibits | |||||||
Signatures |
September 23, | March 25, | ||||||||||
2023 | 2023 | ||||||||||
(unaudited) | |||||||||||
Assets | |||||||||||
Current assets: | |||||||||||
Cash and cash equivalents | $ | 277,805 | $ | 445,784 | |||||||
Marketable securities | 34,636 | 34,978 | |||||||||
Accounts receivable, net | 271,894 | 150,473 | |||||||||
Inventories | 328,930 | 233,450 | |||||||||
Prepaid assets | 32,844 | 35,507 | |||||||||
Prepaid wafers | 79,468 | 60,638 | |||||||||
Other current assets | 71,294 | 57,026 | |||||||||
Total current assets | 1,096,871 | 1,017,856 | |||||||||
Long-term marketable securities | 40,042 | 36,509 | |||||||||
Right-of-use lease assets | 144,104 | 128,145 | |||||||||
Property and equipment, net | 171,047 | 162,972 | |||||||||
Intangibles, net | 33,801 | 38,876 | |||||||||
Goodwill | 435,936 | 435,936 | |||||||||
Deferred tax assets | 44,126 | 35,580 | |||||||||
Long-term prepaid wafers | 94,474 | 134,363 | |||||||||
Other assets | 44,052 | 73,729 | |||||||||
Total assets | $ | 2,104,453 | $ | 2,063,966 | |||||||
Liabilities and Stockholders' Equity | |||||||||||
Current liabilities: | |||||||||||
Accounts payable | $ | 87,340 | $ | 81,462 | |||||||
Accrued salaries and benefits | 46,504 | 50,606 | |||||||||
Software license agreements | 15,930 | 20,948 | |||||||||
Current lease liabilities | 19,859 | 18,442 | |||||||||
Acquisition-related liabilities | — | 21,361 | |||||||||
Other accrued liabilities | 31,557 | 23,521 | |||||||||
Total current liabilities | 201,190 | 216,340 | |||||||||
Long-term liabilities: | |||||||||||
Non-current lease liabilities | 136,042 | 122,631 | |||||||||
Non-current income taxes | 51,589 | 59,013 | |||||||||
Other long-term liabilities | 7,277 | 7,700 | |||||||||
Total long-term liabilities | 194,908 | 189,344 | |||||||||
Stockholders' equity: | |||||||||||
Capital stock | 1,712,710 | 1,670,141 | |||||||||
Accumulated deficit | (1,213) | (9,320) | |||||||||
Accumulated other comprehensive loss | (3,142) | (2,539) | |||||||||
Total stockholders' equity | 1,708,355 | 1,658,282 | |||||||||
Total liabilities and stockholders' equity | $ | 2,104,453 | $ | 2,063,966 |
Three Months Ended | Six Months Ended | ||||||||||||||||||||||
September 23, | September 24, | September 23, | September 24, | ||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
Net sales | $ | 481,063 | $ | 540,574 | $ | 798,079 | $ | 934,213 | |||||||||||||||
Cost of sales | 234,467 | 269,288 | 392,096 | 460,293 | |||||||||||||||||||
Gross profit | 246,596 | 271,286 | 405,983 | 473,920 | |||||||||||||||||||
Operating expenses | |||||||||||||||||||||||
Research and development | 104,205 | 115,471 | 210,420 | 225,187 | |||||||||||||||||||
Selling, general and administrative | 34,323 | 39,598 | 69,702 | 78,240 | |||||||||||||||||||
Restructuring and related costs | 2,319 | — | 2,319 | — | |||||||||||||||||||
Total operating expenses | 140,847 | 155,069 | 282,441 | 303,427 | |||||||||||||||||||
Income from operations | 105,749 | 116,217 | 123,542 | 170,493 | |||||||||||||||||||
Interest income | 3,972 | 1,528 | 8,791 | 2,051 | |||||||||||||||||||
Interest expense | (243) | (243) | (462) | (461) | |||||||||||||||||||
Other income (expense) | (70) | 295 | 307 | 801 | |||||||||||||||||||
Income before income taxes | 109,408 | 117,797 | 132,178 | 172,884 | |||||||||||||||||||
Provision for income taxes | 34,001 | 30,609 | 41,171 | 45,989 | |||||||||||||||||||
Net income | $ | 75,407 | $ | 87,188 | $ | 91,007 | $ | 126,895 | |||||||||||||||
Basic earnings per share | $ | 1.38 | $ | 1.56 | $ | 1.66 | $ | 2.27 | |||||||||||||||
Diluted earnings per share | $ | 1.34 | $ | 1.52 | $ | 1.61 | $ | 2.20 | |||||||||||||||
Basic weighted average common shares outstanding | 54,503 | 55,726 | 54,683 | 56,002 | |||||||||||||||||||
Diluted weighted average common shares outstanding | 56,278 | 57,418 | 56,453 | 57,620 |
Three Months Ended | Six Months Ended | ||||||||||||||||||||||
September 23, | September 24, | September 23, | September 24, | ||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
Net income | $ | 75,407 | $ | 87,188 | $ | 91,007 | $ | 126,895 | |||||||||||||||
Other comprehensive income (loss), before tax | |||||||||||||||||||||||
Foreign currency translation loss | (342) | (736) | (792) | (1,703) | |||||||||||||||||||
Unrealized gain (loss) on marketable securities | 259 | (460) | 239 | (940) | |||||||||||||||||||
(Provision) benefit for income taxes | (54) | 97 | (50) | 198 | |||||||||||||||||||
Comprehensive income | $ | 75,270 | $ | 86,089 | $ | 90,404 | $ | 124,450 |
Six Months Ended | |||||||||||
September 23, | September 24, | ||||||||||
2023 | 2022 | ||||||||||
Cash flows from operating activities: | |||||||||||
Net income | $ | 91,007 | $ | 126,895 | |||||||
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||||||||||
Depreciation and amortization | 23,551 | 33,734 | |||||||||
Stock-based compensation expense | 44,046 | 38,621 | |||||||||
Deferred income taxes | (8,601) | (4,456) | |||||||||
Loss on retirement or write-off of long-lived assets | 64 | 303 | |||||||||
Other non-cash adjustments | 1,608 | 185 | |||||||||
Restructuring and related costs | 2,319 | — | |||||||||
Net change in operating assets and liabilities: | |||||||||||
Accounts receivable | (121,606) | (64,282) | |||||||||
Inventories | (95,480) | (26,135) | |||||||||
Prepaid wafers | 21,058 | — | |||||||||
Other assets | (6,291) | (1,942) | |||||||||
Accounts payable and other accrued liabilities | (78) | (6,098) | |||||||||
Income taxes payable | 7,220 | 7,201 | |||||||||
Acquisition-related liabilities | (21,361) | 6,328 | |||||||||
Net cash provided by (used in) operating activities | (62,544) | 110,354 | |||||||||
Cash flows from investing activities: | |||||||||||
Maturities and sales of available-for-sale marketable securities | 18,242 | 6,655 | |||||||||
Purchases of available-for-sale marketable securities | (21,191) | (6,036) | |||||||||
Purchases of property, equipment and software | (20,780) | (16,987) | |||||||||
Investments in technology | (57) | (484) | |||||||||
Net cash used in investing activities | (23,786) | (16,852) | |||||||||
Cash flows from financing activities: | |||||||||||
Issuance of common stock, net of shares withheld for taxes | 560 | 1,131 | |||||||||
Repurchase of stock to satisfy employee tax withholding obligations | (3,129) | (3,022) | |||||||||
Repurchase and retirement of common stock | (79,080) | (106,382) | |||||||||
Net cash used in financing activities | (81,649) | (108,273) | |||||||||
Net decrease in cash and cash equivalents | (167,979) | (14,771) | |||||||||
Cash and cash equivalents at beginning of period | 445,784 | 369,814 | |||||||||
Cash and cash equivalents at end of period | $ | 277,805 | $ | 355,043 |
Common Stock | Additional Paid-In Capital | Accumulated Earnings (Deficit) | Accumulated Other Comprehensive Loss | Total | ||||||||||||||||||||||||||||||||||
Three Months Ended | Shares | Amount | ||||||||||||||||||||||||||||||||||||
Balance, June 25, 2022 | 55,899 | $ | 56 | $ | 1,596,628 | $ | 5,894 | $ | (3,391) | $ | 1,599,187 | |||||||||||||||||||||||||||
Net income | — | — | — | 87,188 | — | 87,188 | ||||||||||||||||||||||||||||||||
Change in unrealized gain (loss) on marketable securities, net of tax | — | — | — | — | (363) | (363) | ||||||||||||||||||||||||||||||||
Change in foreign currency translation adjustments | — | — | — | — | (736) | (736) | ||||||||||||||||||||||||||||||||
Issuance of stock under stock option plans and other, net of shares withheld for employee taxes | 110 | — | 1,011 | (2,156) | — | (1,145) | ||||||||||||||||||||||||||||||||
Repurchase and retirement of common stock | (583) | (1) | — | (49,999) | — | (50,000) | ||||||||||||||||||||||||||||||||
Stock-based compensation | — | — | 20,483 | — | — | 20,483 | ||||||||||||||||||||||||||||||||
Balance, September 24, 2022 | 55,426 | $ | 55 | $ | 1,618,122 | $ | 40,927 | $ | (4,490) | $ | 1,654,614 | |||||||||||||||||||||||||||
Balance, June 24, 2023 | 54,670 | $ | 55 | $ | 1,693,365 | $ | (33,621) | $ | (3,005) | $ | 1,656,794 | |||||||||||||||||||||||||||
Net income | — | — | — | 75,407 | — | 75,407 | ||||||||||||||||||||||||||||||||
Change in unrealized gain (loss) on marketable securities, net of tax | — | — | — | — | 205 | 205 | ||||||||||||||||||||||||||||||||
Change in foreign currency translation adjustments | — | — | — | — | (342) | (342) | ||||||||||||||||||||||||||||||||
Issuance of stock under stock option plans and other, net of shares withheld for employee taxes | 78 | — | — | (2,080) | — | (2,080) | ||||||||||||||||||||||||||||||||
Repurchase and retirement of common stock | (511) | (1) | — | (40,919) | — | (40,920) | ||||||||||||||||||||||||||||||||
Stock-based compensation | — | — | 19,291 | — | — | 19,291 | ||||||||||||||||||||||||||||||||
Balance, September 23, 2023 | 54,237 | $ | 54 | $ | 1,712,656 | $ | (1,213) | $ | (3,142) | $ | 1,708,355 | |||||||||||||||||||||||||||
Six Months Ended | ||||||||||||||||||||||||||||||||||||||
Balance, March 26, 2022 | 56,596 | $ | 57 | $ | 1,578,370 | $ | 23,435 | $ | (2,045) | $ | 1,599,817 | |||||||||||||||||||||||||||
Net income | — | — | — | 126,895 | — | 126,895 | ||||||||||||||||||||||||||||||||
Change in unrealized gain (loss) on marketable securities, net of tax | — | — | — | — | (742) | (742) | ||||||||||||||||||||||||||||||||
Change in foreign currency translation adjustments | — | — | — | — | (1,703) | (1,703) | ||||||||||||||||||||||||||||||||
Issuance of stock under stock option plans and other, net of shares withheld for employee taxes | 138 | — | 1,131 | (3,022) | — | (1,891) | ||||||||||||||||||||||||||||||||
Repurchase and retirement of common stock | (1,308) | (2) | — | (106,381) | — | (106,383) | ||||||||||||||||||||||||||||||||
Stock-based compensation | — | — | 38,621 | — | — | 38,621 | ||||||||||||||||||||||||||||||||
Balance, September 24, 2022 | 55,426 | $ | 55 | $ | 1,618,122 | $ | 40,927 | $ | (4,490) | $ | 1,654,614 | |||||||||||||||||||||||||||
Balance, March 25, 2023 | 55,098 | $ | 55 | $ | 1,670,086 | $ | (9,320) | $ | (2,539) | $ | 1,658,282 | |||||||||||||||||||||||||||
Net income | — | — | — | 91,007 | — | 91,007 | ||||||||||||||||||||||||||||||||
Change in unrealized gain (loss) on marketable securities, net of tax | — | — | — | — | 189 | 189 | ||||||||||||||||||||||||||||||||
Change in foreign currency translation adjustments | — | — | — | — | (792) | (792) | ||||||||||||||||||||||||||||||||
Issuance of stock under stock option plans and other, net of shares withheld for employee taxes | 116 | — | 564 | (3,126) | — | (2,562) | ||||||||||||||||||||||||||||||||
Repurchase and retirement of common stock | (977) | (1) | — | (79,774) | — | (79,775) | ||||||||||||||||||||||||||||||||
Stock-based compensation | — | — | 42,006 | — | — | 42,006 | ||||||||||||||||||||||||||||||||
Balance, September 23, 2023 | 54,237 | $ | 54 | $ | 1,712,656 | $ | (1,213) | $ | (3,142) | $ | 1,708,355 |
As of September 23, 2023 | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Estimated Fair Value (Net Carrying Amount) | |||||||||||||||||||
Corporate debt securities | $ | 69,725 | $ | 3 | $ | (1,477) | $ | 68,251 | |||||||||||||||
U.S. Treasury securities | 5,093 | — | (156) | 4,937 | |||||||||||||||||||
Agency discount notes | 1,510 | — | (20) | 1,490 | |||||||||||||||||||
Total securities | $ | 76,328 | $ | 3 | $ | (1,653) | $ | 74,678 |
As of March 25, 2023 | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Estimated Fair Value (Net Carrying Amount) | |||||||||||||||||||
Corporate debt securities | $ | 66,753 | $ | 91 | $ | (1,825) | $ | 65,019 | |||||||||||||||
Non-U.S. government securities | 510 | — | (3) | 507 | |||||||||||||||||||
U.S. Treasury securities | 5,728 | 17 | (151) | 5,594 | |||||||||||||||||||
Agency discount notes | 385 | — | (18) | 367 | |||||||||||||||||||
Total securities | $ | 73,376 | $ | 108 | $ | (1,997) | $ | 71,487 |
September 23, 2023 | March 25, 2023 | ||||||||||||||||||||||
Amortized | Estimated | Amortized | Estimated | ||||||||||||||||||||
Cost | Fair Value | Cost | Fair Value | ||||||||||||||||||||
Within 1 year | $ | 35,475 | $ | 34,636 | $ | 35,824 | $ | 34,978 | |||||||||||||||
After 1 year | 40,853 | 40,042 | 37,552 | 36,509 | |||||||||||||||||||
Total | $ | 76,328 | $ | 74,678 | $ | 73,376 | $ | 71,487 |
Quoted Prices in Active Markets for Identical Assets Level 1 | Significant Other Observable Inputs Level 2 | Significant Unobservable Inputs Level 3 | Total | ||||||||||||||||||||
Assets: | |||||||||||||||||||||||
Cash equivalents | |||||||||||||||||||||||
Money market funds | $ | 234,017 | $ | — | $ | — | $ | 234,017 | |||||||||||||||
Available-for-sale securities | |||||||||||||||||||||||
Corporate debt securities | $ | — | $ | 68,251 | $ | — | $ | 68,251 | |||||||||||||||
U.S. Treasury securities | 4,937 | — | — | 4,937 | |||||||||||||||||||
Agency discount notes | — | 1,490 | — | 1,490 | |||||||||||||||||||
$ | 4,937 | $ | 69,741 | $ | — | $ | 74,678 | ||||||||||||||||
Quoted Prices in Active Markets for Identical Assets Level 1 | Significant Other Observable Inputs Level 2 | Significant Unobservable Inputs Level 3 | Total | ||||||||||||||||||||
Assets: | |||||||||||||||||||||||
Cash equivalents | |||||||||||||||||||||||
Money market funds | $ | 406,265 | $ | — | $ | — | $ | 406,265 | |||||||||||||||
Available-for-sale securities | |||||||||||||||||||||||
Corporate debt securities | $ | — | $ | 65,019 | $ | — | $ | 65,019 | |||||||||||||||
Non-U.S. government securities | — | 507 | — | 507 | |||||||||||||||||||
U.S. Treasury securities | 5,594 | — | — | 5,594 | |||||||||||||||||||
Agency discount notes | — | 367 | — | 367 | |||||||||||||||||||
$ | 5,594 | $ | 65,893 | $ | — | $ | 71,487 |
Three Months Ended | Six Months Ended | |||||||||||||||||||||||||||||||
September 23, | September 24, | September 23, | September 24, | |||||||||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | Location | ||||||||||||||||||||||||||||
Gain (loss) recognized in income: | ||||||||||||||||||||||||||||||||
Foreign currency forward contracts | $ | (195) | $ | (576) | $ | (473) | $ | (795) | Other income (expense) |
September 23, | March 25, | ||||||||||
2023 | 2023 | ||||||||||
Gross accounts receivable | $ | 272,079 | $ | 150,473 | |||||||
Allowance for doubtful accounts | (185) | — | |||||||||
Accounts receivable, net | $ | 271,894 | $ | 150,473 |
September 23, | March 25, | ||||||||||
2023 | 2023 | ||||||||||
Work in process | $ | 145,585 | $ | 116,088 | |||||||
Finished goods | 183,345 | 117,362 | |||||||||
$ | 328,930 | $ | 233,450 |
Three Months Ended | Six Months Ended | |||||||||||||||||||||||||
September 23, | September 24, | September 23, | September 24, | |||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | |||||||||||||||||||||||
Audio Products | $ | 282,855 | $ | 337,811 | $ | 478,661 | $ | 592,307 | ||||||||||||||||||
HPMS Products | 198,208 | 202,763 | 319,418 | 341,906 | ||||||||||||||||||||||
$ | 481,063 | $ | 540,574 | $ | 798,079 | $ | 934,213 |
Three Months Ended | Six Months Ended | ||||||||||||||||||||||
September 23, | September 24, | September 23, | September 24, | ||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
China | $ | 279,066 | $ | 350,254 | $ | 469,928 | $ | 611,745 | |||||||||||||||
United States | 4,883 | 13,102 | 7,042 | 20,299 | |||||||||||||||||||
Rest of World | 197,114 | 177,218 | 321,109 | 302,169 | |||||||||||||||||||
$ | 481,063 | $ | 540,574 | $ | 798,079 | $ | 934,213 |
Three Months Ended | Six Months Ended | ||||||||||||||||||||||
September 23, | September 24, | September 23, | September 24, | ||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
Income before income taxes | $ | 109,408 | $ | 117,797 | $ | 132,178 | $ | 172,884 | |||||||||||||||
Provision for income taxes | $ | 34,001 | $ | 30,609 | $ | 41,171 | $ | 45,989 | |||||||||||||||
Effective tax rate | 31.1 | % | 26.0 | % | 31.1 | % | 26.6 | % |
Three Months Ended | Six Months Ended | ||||||||||||||||||||||
September 23, | September 24, | September 23, | September 24, | ||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
Numerator: | |||||||||||||||||||||||
Net income | $ | 75,407 | $ | 87,188 | $ | 91,007 | $ | 126,895 | |||||||||||||||
Denominator: | |||||||||||||||||||||||
Weighted average shares outstanding | 54,503 | 55,726 | 54,683 | 56,002 | |||||||||||||||||||
Effect of dilutive securities | 1,775 | 1,692 | 1,770 | 1,618 | |||||||||||||||||||
Weighted average diluted shares | 56,278 | 57,418 | 56,453 | 57,620 | |||||||||||||||||||
Basic earnings per share | $ | 1.38 | $ | 1.56 | $ | 1.66 | $ | 2.27 | |||||||||||||||
Diluted earnings per share | $ | 1.34 | $ | 1.52 | $ | 1.61 | $ | 2.20 |
Three Months Ended | Six Months Ended | ||||||||||||||||||||||
September 23, | September 24, | September 23, | September 24, | ||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
Net sales | 100 | % | 100 | % | 100 | % | 100 | % | |||||||||||||||
Gross margin | 51 | % | 50 | % | 51 | % | 51 | % | |||||||||||||||
Research and development | 22 | % | 21 | % | 26 | % | 24 | % | |||||||||||||||
Selling, general and administrative | 7 | % | 7 | % | 9 | % | 9 | % | |||||||||||||||
Restructuring and related costs | — | % | — | % | — | % | — | % | |||||||||||||||
Income from operations | 22 | % | 22 | % | 15 | % | 18 | % | |||||||||||||||
Interest income | 1 | % | — | % | 1 | % | 1 | % | |||||||||||||||
Interest expense | — | % | — | % | — | % | — | % | |||||||||||||||
Other income (expense) | — | % | — | % | — | % | — | % | |||||||||||||||
Income before income taxes | 23 | % | 22 | % | 16 | % | 19 | % | |||||||||||||||
Provision for income taxes | 7 | % | 6 | % | 5 | % | 5 | % | |||||||||||||||
Net income | 16 | % | 16 | % | 11 | % | 14 | % |
Three Months Ended | Six Months Ended | ||||||||||||||||||||||
September 23, | September 24, | September 23, | September 24, | ||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
Income before income taxes | $ | 109,408 | $ | 117,797 | $ | 132,178 | $ | 172,884 | |||||||||||||||
Provision for income taxes | $ | 34,001 | $ | 30,609 | $ | 41,171 | $ | 45,989 | |||||||||||||||
Effective tax rate | 31.1 | % | 26.0 | % | 31.1 | % | 26.6 | % |
Monthly Period | Total Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (1) | |||||||||||||||||||
June 25, 2023 - July 22, 2023 | — | $ | — | — | $ | 462,625 | |||||||||||||||||
July 23, 2023 - August 19, 2023 | 402 | $ | 79.71 | 402 | $ | 430,554 | |||||||||||||||||
August 20, 2023 - September 23, 2023 | 109 | $ | 78.48 | 109 | $ | 422,049 | |||||||||||||||||
Total | 511 | $ | 79.45 | 511 | $ | 422,049 |
Number | Description | ||||
3.1 | |||||
3.2 | |||||
10.1 | |||||
31.1 | |||||
31.2 | |||||
32.1* | |||||
32.2* | |||||
101.INS | Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document | ||||
101.SCH | Inline XBRL Taxonomy Extension Schema Document | ||||
101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document | ||||
101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document | ||||
101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document | ||||
101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document | ||||
104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |
Date: | November 2, 2023 | /s/ Venk Nathamuni | |||||||||
Venk Nathamuni | |||||||||||
Chief Financial Officer and Principal Accounting Officer |
Date: | November 2, 2023 | /s/ John M. Forsyth | |||||||||
John M. Forsyth | |||||||||||
President and Chief Executive Officer |
Date: | November 2, 2023 | /s/ Venk Nathamuni | |||||||||
Venk Nathamuni | |||||||||||
Chief Financial Officer and Principal Accounting Officer |
Date: | November 2, 2023 | /s/ John M. Forsyth | |||||||||
John M. Forsyth | |||||||||||
President and Chief Executive Officer |
Date: | November 2, 2023 | /s/ Venk Nathamuni | |||||||||
Venk Nathamuni | |||||||||||
Chief Financial Officer and Principal Accounting Officer |