0000950170-23-001892 | 10-K | XBRL Viewer

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2022	Jan. 31, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Trading Symbol	MANH
Entity Registrant Name	Manhattan Associates, Inc.
Entity Central Index Key	0001056696
Current Fiscal Year End Date	--12-31
Entity Incorporation, State or Country Code	GA
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		62,495,971
Entity Public Float			$ 7,187,541,590
Entity Interactive Data Current	Yes
Document Annual Report	true
Document Transition Report	false
Entity File Number	000-23999
Entity Tax Identification Number	58-2373424
Entity Address, Address Line One	2300 Windy Ridge Parkway
Entity Address, Address Line Two	Tenth Floor
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30339
City Area Code	770
Local Phone Number	955-7070
Auditor Name	Ernst & Young
Auditor Firm ID	42
Auditor Location	Atlanta, GA
Title of each class	Common Stock, $.01 par value per share
Name of each exchange on which registered	NASDAQ
Documents Incorporated by Reference	The Registrant’s definitive Proxy Statement for the Annual Meeting of Shareholders to be held May 11, 2023 is incorporated by reference in Part III of this Form 10-K to the extent stated herein.

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Total revenue	$ 767,084	$ 663,643	$ 586,372
Total costs	358,237	297,827	269,887
Research and development	111,877	97,628	84,276
Sales and marketing	64,537	57,855	47,758
General and administrative	73,070	68,086	61,444
Depreciation and amortization	6,663	7,914	8,946
Total costs and expenses	614,384	529,310	472,311
Operating income	152,700	134,333	114,061
Interest income	596	68	98
Other loss, net	4,825	(329)	(383)
Income before income taxes	158,121	134,072	113,776
Income tax provision	29,162	23,600	26,536
Net income	$ 128,959	$ 110,472	$ 87,240
Basic earnings per share	$ 2.05	$ 1.74	$ 1.37
Diluted earnings per share	$ 2.03	$ 1.72	$ 1.36
Weighted average number of shares:
Basic	62,768	63,445	63,538
Diluted	63,408	64,323	64,333
Cloud Subscriptions
Total revenue	$ 176,458	$ 122,195	$ 79,830
Software License
Total revenue	24,848	37,070	38,284
Total costs	2,126	2,309	2,894
Maintenance
Total revenue	142,198	145,841	147,748
Services
Total revenue	394,096	334,799	303,569
Hardware
Total revenue	29,484	23,738	16,941
Cloud Subscriptions, Maintenance and Services
Total costs	$ 356,111	$ 295,518	$ 266,993

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 128,959	$ 110,472	$ 87,240
Foreign currency translation adjustment	(7,704)	(1,566)	(415)
Comprehensive income	$ 121,255	$ 108,906	$ 86,825

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3602-108585

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126958026&loc=SL5780133-109256

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669619-108580

Reference 25: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669625-108580

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

+ Details

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 225,463	$ 263,706
Accounts receivable, net of allowance of $6,009 and $2,419, at December 31, 2022 and December 31, 2021, respectively	166,767	124,420
Income taxes receivable	647	2,597
Prepaid expenses	18,884	17,053
Other current assets	3,614	643
Total current assets	415,375	408,419
Property and equipment, net	12,803	13,889
Operating lease right-of-use assets	17,794	27,272
Goodwill, net	62,230	62,239
Deferred income taxes	37,206	7,650
Other assets	24,770	20,239
Total assets	570,178	539,708
Current liabilities:
Accounts payable	25,701	19,625
Accrued compensation and benefits	54,469	53,104
Accrued and other liabilities	24,569	22,741
Deferred revenue	208,807	153,196
Income taxes payable	2,049	376
Total current liabilities	315,595	249,042
Operating lease liabilities, long-term	14,065	23,157
Other non-current liabilities	13,718	16,865
Commitments and contingencies (Note 5)
Shareholders' equity:
Preferred stock, no par value; 20,000,000 shares authorized, no shares issued or outstanding at December 31, 2022 and December 31, 2021
Common stock, $.01 par value; 200,000,000 shares authorized; 62,191,570 and 63,154,494 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively	621	631
Retained earnings	253,711	269,841
Accumulated other comprehensive loss	(27,532)	(19,828)
Total shareholders' equity	226,800	250,644
Total liabilities and shareholders' equity	$ 570,178	$ 539,708

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Statement Of Financial Position [Abstract]
Accounts receivable, allowance	$ 6,009	$ 2,419
Preferred stock, par value
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	62,191,570	63,154,494
Common stock, shares outstanding	62,191,570	63,154,494

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating activities:
Net income	$ 128,959	$ 110,472	$ 87,240
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	6,663	7,914	8,946
Equity-based compensation	59,361	43,259	33,355
Loss (gain) on disposal of equipment	(89)	7	21
Deferred income taxes	(29,711)	(1,912)	1,036
Unrealized foreign currency (gain) loss	(1,515)	(493)	897
Changes in operating assets and liabilities:
Accounts receivable, net	(44,056)	(16,650)	(6,592)
Other assets	(10,247)	(6,533)	(971)
Accounts payable, accrued and other liabilities	11,794	12,256	(3,097)
Income taxes	765	(3,667)	1,886
Deferred revenue	57,706	40,530	18,164
Net cash provided by operating activities	179,630	185,183	140,885
Investing activities:
Purchases of property and equipment	(6,587)	(4,016)	(2,730)
Net cash used in investing activities	(6,587)	(4,016)	(2,730)
Financing activities:
Purchase of common stock	(204,460)	(120,418)	(43,561)
Net cash used in financing activities	(204,460)	(120,418)	(43,561)
Foreign currency impact on cash	(6,826)	(1,748)	(567)
Net change in cash and cash equivalents	(38,243)	59,001	94,027
Cash and cash equivalents at beginning of period	263,706	204,705	110,678
Cash and cash equivalents at end of period	225,463	263,706	204,705
Supplemental disclosures of cash flow information:
Cash paid for taxes	$ 58,022	$ 29,162	$ 23,766

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Balance at Dec. 31, 2019	$ 142,278	$ 635		$ 159,490	$ (17,847)
Balance (in shares) at Dec. 31, 2019		63,456,986
Repurchase of common stock	(43,561)	$ (6)	$ (33,349)	(10,206)
Repurchase of common stock (in shares)		(562,299)
Restricted stock units issuance		$ 6	(6)
Restricted stock units issuance (in shares)		632,499
Equity-based compensation	33,355		33,355
Foreign currency translation adjustment	(415)				(415)
Net income	87,240			87,240
Balance at Dec. 31, 2020	218,897	$ 635		236,524	(18,262)
Balance (in shares) at Dec. 31, 2020		63,527,186
Repurchase of common stock	(120,418)	$ (9)	(43,254)	(77,155)
Repurchase of common stock (in shares)		(887,782)
Restricted stock units issuance		$ 5	(5)
Restricted stock units issuance (in shares)		515,090
Equity-based compensation	43,259		43,259
Foreign currency translation adjustment	(1,566)				(1,566)
Net income	110,472			110,472
Balance at Dec. 31, 2021	250,644	$ 631		269,841	(19,828)
Balance (in shares) at Dec. 31, 2021		63,154,494
Repurchase of common stock	(204,460)	$ (16)	(59,355)	(145,089)
Repurchase of common stock (in shares)		(1,569,531)
Restricted stock units issuance		$ 6	(6)
Restricted stock units issuance (in shares)		606,607
Equity-based compensation	59,361		$ 59,361
Foreign currency translation adjustment	(7,704)				(7,704)
Net income	128,959			128,959
Balance at Dec. 31, 2022	$ 226,800	$ 621		$ 253,711	$ (27,532)
Balance (in shares) at Dec. 31, 2022		62,191,570

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 852
-SubTopic 10
-Section 55
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI https://asc.fasb.org/extlink&oid=122038336&loc=d3e74512-122707

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

+ Details

Organization, Consolidation and Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Organization, Consolidation and Summary of Significant Accounting Policies

1. Organization, Consolidation and Summary of Significant Accounting Policies

Organization and Business

Manhattan Associates, Inc. (“Manhattan”, the “Company”, “we”, “our”, or “us”) is a developer and provider of supply chain commerce solutions that help organizations optimize the effectiveness, efficiency, and strategic advantages of their supply chains. Our solutions consist of software, services, and hardware, which coordinate people, workflows, assets, events, and tasks holistically across the functions linked in a supply chain from planning through execution. These solutions also help coordinate the actions, data exchange, and communication of participants in supply chain ecosystems, such as manufacturers, suppliers, distributors, trading partners, transportation providers, channels (such as catalogers, store retailers, and Web outlets), and consumers.

Our operations are in North and South America (the “Americas"), Europe (EMEA), and the Asia/Pacific (APAC) region. The Americas operation are conducted through the Parent Company, Manhattan Associates, Inc., and its wholly-owned subsidiary, Manhattan Associates Chile Spa. The European operations are conducted through our wholly-owned subsidiaries, Manhattan Associates Limited, Manhattan Associates Europe B.V., Manhattan France SARL, and Manhattan Associates GmbH, in the United Kingdom, the Netherlands, France, and Germany, respectively. Our Asia/Pacific operations are conducted through our wholly-owned subsidiaries, Manhattan Associates Pty Ltd., Manhattan Associates KK, Manhattan Associates Software (Shanghai), Co. Ltd., Manhattan Associates Software Pte Ltd., and Manhattan Associates (India) Development Centre Private Limited in Australia, Japan, China, Singapore, and India, respectively. We occasionally sell our products and services in other countries, such as countries in Latin America, Eastern Europe, Middle East, and Asia, through our direct sales channel as well as various reseller channels.

Risks Associated with Single Business Line, Technological Advances, and Foreign Operations

We currently derive a substantial portion of our revenues from sales of cloud solutions and related services and hardware. The markets for supply chain commerce solutions are highly competitive, subject to rapid technological change, changing customer needs, frequent new product introductions, and evolving industry standards that may render existing products and services obsolete. As a result, our position in these markets could be eroded rapidly by unforeseen changes in customer requirements for application features, functions, and technologies.

Our international business is subject to risks typical of an international business, including, but not limited to, differing economic conditions, changes in political climate, differing tax structures, other regulations and restrictions, and foreign exchange rate volatility. We recognized foreign exchange gains of $4.7 million in 2022, compared to foreign exchange losses of $0.2 million and $0.4 million in 2021 and 2020, respectively. Foreign exchange rate transaction gains and losses are classified in “Other (loss) income, net” on the Consolidated Statements of Income.

In addition, we have a large development center in Bangalore, India, that does not have a natural in-market revenue hedge to mitigate currency risk to our operating expenses in India. Fluctuations in the value of other currencies, particularly the Indian Rupee, could significantly affect our revenues, expenses, operating profit and net income.

Principles of Consolidation and Foreign Currency Translation

The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.

The financial statements of foreign subsidiaries have been translated into United States dollars in accordance with the foreign currency matters topic in the FASB’s Accounting Standards Codification (the “Codification”). Revenues and expenses from international operations were denominated in the respective local currencies and translated using the average monthly exchange rates for the year. All balance sheet accounts have been translated using the exchange rates in effect at the balance sheet date and the effect of changes in exchange rates from year to year are disclosed as a separate component of shareholders’ equity and comprehensive income.

Summary of Significant Accounting Policies

Cash and Cash Equivalents

We consider all highly liquid investments purchased with original maturities of three months or less to be cash or cash equivalents.

Concentrations of Credit Risk

Financial instruments that potentially subject us to significant concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. We maintain cash and cash equivalents with various financial institutions. Amounts held are above the federally insured limit.

Our sales are primarily to companies located in the United States, Europe and Asia. We perform periodic credit evaluations of our customers’ financial condition and do not require collateral. Accounts receivable are due principally from large U.S., European and Asia Pacific companies under stated contract terms. Accounts receivable, net as of December 31, 2022 for the Americas, EMEA, and APAC segments were $133.6 million, $28.1 million, and $5.0 million, respectively. Accounts receivable, net as of December 31, 2021 for the Americas, EMEA, and APAC segments were $100.4 million, $19.5 million, and $4.5 million, respectively. Our top five customers in aggregate accounted for 11%, 12%, and 12% of total revenue recognized for each of the years ended December 31, 2022 (“2022”), the year ended December 31, 2021 (“2021”), and the year ended December 31, 2020 (“2020”), respectively. No single customer accounted for more than 10% of revenue in 2022, 2021 and 2020, or more than 10% of accounts receivable as of December 31, 2022 and 2021.

Fair Value Measurement

We measure our investments based on a fair value hierarchy disclosure framework that prioritizes and ranks the level of market price observability used in measuring assets and liabilities at fair value. Market price observability is affected by a number of factors, including the type of asset or liability and their characteristics. This hierarchy prioritizes the inputs into three broad levels as follows:

•

Level 1–Quoted prices in active markets for identical instruments.

•

Level 2–Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets.

•

Level 3–Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

Investments with maturities of 90 days or less from the date of purchase are classified as cash equivalents; investments with maturities of greater than 90 days from the date of purchase but less than one year are generally classified as short-term investments; and investments with maturities of one year or greater from the date of purchase are generally classified as long-term investments. Unrealized holding gains and losses are reflected as a net amount in a separate component of shareholders’ equity until realized. For the purposes of computing realized gains and losses, cost is determined on a specific identification basis.

At December 31, 2022, the Company’s cash and cash equivalents were $118.9 million and $106.6 million, respectively. We currently have no long-term investments. Cash equivalents consist of highly liquid money market funds of $100.4 million and certificates of deposit of $6.2 million. For money market funds, we use quoted prices from active markets that are classified as Level 1, the highest level of observable input in the disclosure hierarchy framework. The Company had no investments at December 31, 2022.

The carrying values of cash and cash equivalents, short-term investments, accounts receivable, and accounts payable included in the accompanying Consolidated Balance Sheets approximate their fair values principally due to the short-term maturities of these instruments.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Significant estimates include the allowance for doubtful accounts, which is based upon an evaluation of historical amounts written-off, the customers’ ability to pay, and general economic conditions; self-insurance accruals; impairment testing of goodwill; and our effective income tax rate (including the impact of unrecognized tax benefits) and deferred tax assets, which are based upon our expectations of future taxable income, allowable deductions, and projected tax credits. Actual results will differ from these estimates.

Revenue Recognition

We recognize revenue when we transfer control of the promised products or services to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those products or services. We derive our revenue from cloud subscriptions, software licenses, customer support services and software enhancements (“maintenance”), implementation and training services, and sales of hardware. We exclude sales and usage-based taxes from revenue.

Nature of Products and Services

Cloud subscriptions includes software as a service (“SaaS”) and arrangements which provide customers with the right to use our software within a cloud environment that we provide and manage where the customer does not have the right to take possession of the software without significant penalty. SaaS and hosting revenues are recognized over the contract period. For contracts that include a perpetual license and hosting services, we generally consider the arrangement as an overall service, recognized over the initial hosting term. The software license fee typically due at the outset of the arrangement is not payable again if the customer renews the hosting services, so that the customer’s option to renew the hosting services is a material right, the revenue from which, if the option is exercised, we will recognize over the applicable renewal period.

Our perpetual software licenses provide the customer with a right to use the software as it exists at the time of purchase. We recognize revenue for distinct software licenses once the license period has begun and we have made the software available to the customer. Our perpetual software licenses are typically sold with maintenance under which we provide a comprehensive 24 hours per day, 365 days per year program that provides customers with software upgrades, when and if available, which include additional or improved functionality and technological advances incorporating emerging supply chain and industry initiatives. Revenue related to maintenance is generally paid in advance and recognized over the term of the agreement, typically twelve months.

Our services revenue consists of fees generated from implementation, training and application managed services, including reimbursements of out-pocket expenses in connection with our implementation services. Implementation services include system planning, design, configuration, testing, and other software implementation support, and are typically optional and distinct from our software. Following implementation, customers may purchase application managed services to support and maintain our software. Fees for our services are separately priced and are generally billed on an hourly basis, and revenue is recognized over time as the services are performed. In certain situations, we render professional services under agreements based upon a fixed fee for portions of or all of the engagement. Revenue related to fixed-fee-based services contracts is recognized over time based on the proportion performed.

As part of a complete solution, our customers periodically purchase hardware products developed and manufactured by third parties from us for use with the software licenses purchased from us. These products include computer hardware, radio frequency terminal networks, radio frequency identification (RFID) chip readers, bar code printers and scanners, and other peripherals. As we do not physically control the hardware that we sell, we are acting as an agent in the transaction and recognize our hardware revenue net of related cost. We recognize hardware revenue when control is transferred to the customer upon shipment.

Significant Judgements

Our contracts with customers typically contain promises to transfer multiple products and services to a customer. Judgement is required to determine whether each product and service is considered to be a distinct performance obligation that should be accounted for separately under the contract. We allocate the transaction price to the distinct performance obligations based on relative standalone selling price (“SSP”). We estimate SSP based on the prices charged to customers, or by using information such as market conditions and other observable inputs. However, the selling price of our software licenses is highly variable. Thus, we estimate SSP for software licenses using the residual approach, determined based on total transaction price less the SSP of other goods and services promised in the contract.

Contract Balances

Cloud subscriptions and maintenance are typically billed annually in advance. Timing of invoicing to customers may differ from timing of revenue recognition. Payment terms for our software licenses vary. We have an established history of collecting under the terms of our software license contracts without providing refunds or concessions to our customers. Cloud subscriptions and maintenance are typically billed annually in advance. Services are typically billed monthly as performed. In instances where the timing of revenue recognition differs from the timing of invoicing, we have determined that our contracts generally do not include a significant financing component. The primary purpose of our invoicing terms is to provide customers with predictable ways to purchase our software and services, not to provide or receive financing. Additionally, we are applying the practical expedient to exclude from consideration any contracts with payment terms of one year or less as we rarely offer terms extending beyond one year.

Deferred revenue mainly represents amounts collected prior to having completed performance of maintenance, cloud subscriptions and professional services. $147.5 million of revenue that was included in the deferred revenue balance as of December 31, 2021 was recognized in 2022.

No revenue was recognized in 2022 from performance obligations that were satisfied in prior periods.

Remaining Performance Obligations

As of December 31, 2022, approximately $1,051.5 million of revenue is expected to be recognized from remaining performance obligations. Over 97% of our reported performance obligations represent cloud native subscriptions with a non-cancelable term greater than one year (including cloud-deferred revenue as well as amounts we will invoice and recognize as revenue from our performance of cloud services in future periods). Maintenance contracts are typically one year in duration and are not included in the remaining performance obligations. We expect to recognize revenue on approximately 40% of these remaining performance obligations over the next 24 months with the balance recognized thereafter. We have elected not to provide disclosures regarding remaining performance obligations for contracts with a term of 1 year or less.

Returns and Allowances

We have not experienced significant returns or warranty claims to date and, as a result, have not recorded a provision for the cost of returns and product warranty claims.

We record an allowance for doubtful accounts based on historical experience of write-offs and a detailed assessment of accounts receivable. Additions to the allowance for credit losses generally represent a sales allowance on services revenue, which are recorded to operations as a reduction to services revenue. Total amount charged to operations in 2022, 2021 and 2020 was $5.4 million, $2.5 million and $3.5 million, respectively.

Our analysis involved utilizing a model of internal historical losses data. In estimating the allowance for doubtful accounts, we consider the age of the accounts receivable, our historical write-offs, and the creditworthiness of the customer, among other factors. Should any of these factors change, the estimates made by us will also change accordingly, which could affect the level of our future allowances. We also analyzed future expected credit losses given ever present changes to future risks in projected economic conditions and future risks of customer collection.

Deferred Commissions

We consider sales commissions to be incremental costs of obtaining a contract with a customer. We defer and recognize an asset for sales commissions related to performance obligations with an expected period of benefit of more than one year. We apply the practical expedient to expense sales commissions when the amortization period would have been one year or less. Deferred commissions were $29.9 million as of December 31, 2022, of which $21.9 million is included in other assets and $8.0 million is included in prepaid expenses. Deferred commissions were $23.2 million as of December 31, 2021, of which $16.9 million is included in other assets and $6.3 million is included in prepaid expenses. Sales commission expense is included in Sales and Marketing expense in the accompanying consolidated statement of operations. Amortization of sales commissions in 2022, 2021 and 2020 was $7.5 million, $5.2 million and $3.1 million respectively. No impairment losses were recognized during 2022, 2021 and 2020.

Property and Equipment

Property and equipment is recorded at cost and consists of furniture, computers, other office equipment, and leasehold improvements. We depreciate the cost of furniture, computers, and other office equipment on a straight-line basis over their estimated useful lives (five years for office equipment, seven years for furniture and fixtures). Leasehold improvements are depreciated over the lesser of their useful lives or the term of the lease. Depreciation and amortization expense for 2022, 2021 and 2020 was approximately $6.7 million, $7.9 million, and $8.9 million, respectively, and was included in “Depreciation and amortization” in the Consolidated Statements of Income. Amortization expense on intangible assets in 2022, 2021 and 2020 was immaterial.

Property and equipment, at cost, consist of the following (in thousands):


	December 31,
	2022			2021
Office equipment	$	39,273		$	37,435
Furniture and fixtures		4,871			5,012
Leasehold improvement		23,518			24,142
Property and equipment, gross		67,662			66,589
Less accumulated depreciation		(54,859	)		(52,700	)
Property and equipment, net	$	12,803		$	13,889

Software Development Costs

Research and development expenses are charged to expense as incurred. For 2022, 2021 and 2020, we did not capitalize any internal research and development costs because the costs incurred between the attainment of technological feasibility for the related software product through the date when the product was available for general release to customers were insignificant.

We determine the amount of development costs capitalizable under the provisions of FASB Codification accounting for costs of computer software to be sold, leased, or marketed. Under this guidance, computer software development costs are charged to R&D expense until technological feasibility is established, after which remaining software production costs are capitalized. We have defined technological feasibility as the point in time at which we have a detailed program design or a working model of the related product, depending on the type of development efforts, and high-risk development issues have been resolved through end-to-end system testing.

Impairment of Long-Lived Assets

We review the values assigned to long-lived assets, including property and certain intangible assets, to determine whether events and circumstances have occurred which indicate that the remaining estimated useful lives may warrant revision or that the remaining balances may not be recoverable. In such reviews, undiscounted cash flows associated with these assets are compared with their carrying value to determine if a write-down to fair value is required. During 2022, 2021 and 2020, we did not recognize any impairment charges associated with our long-lived or intangible assets.

The evaluation of asset impairment requires management to make assumptions about future cash flows over the life of the asset being evaluated. These assumptions require significant judgment, and actual results may differ from assumed and estimated amounts.

Goodwill and Impairment of Goodwill

Goodwill

Goodwill represents the excess of the consideration transferred over the fair value of net identified tangible and intangible assets and liabilities acquired. We do not amortize goodwill. Instead, we evaluate goodwill for impairment on at least an annual basis. Goodwill was $62.2 million at the end of both years ended December 31, 2022 and 2021.

Impairment of Goodwill

We evaluate the carrying value of goodwill annually as of December 31 and between annual evaluations if events occur or circumstances change that would more likely than not reduce the fair value of the reporting unit below its carrying amount. Such circumstances could include, but are not limited to, (1) a significant adverse change in legal factors or in business climate, (2) unanticipated competition, or (3) an adverse action or assessment by a regulator.

We applied the simplified goodwill impairment test for 2022, that permits companies to perform a qualitative assessment based on economic, industry and company-specific factors as the initial step in the annual goodwill impairment test for all or selected reporting units. Based on the results of the qualitative assessment, companies are only required to perform Step 1 of the annual impairment test for a reporting unit if the company concludes that it is not more likely than not that the unit’s fair value is less than its carrying amount. To the extent we conclude that it is more likely than not that a reporting unit’s estimated fair value is less than its carrying amount, the two-step approach is applied. The first step would require a comparison of each reporting unit’s fair value to the respective carrying amount. If the carrying amount exceeds the fair value, a second step is performed to measure the amount of impairment loss, if any. We did not identify any macroeconomic or industry conditions as of December 31, 2022, that would indicate that the fair value of the reporting units were more likely than not to be less than their respective carrying values. If circumstances

change or events occur to indicate that it is more likely than not that the fair value of any reporting units have fallen below their carrying amount, we would record an impairment charge based on that difference. We performed our periodic review of goodwill for impairment as of December 31, 2022 and 2021, and did not identify any impairment as a result of the review.

Guarantees and Indemnities

We account for guarantees in accordance with the guarantee accounting topic in the FASB Codification. Our customer contracts generally contain infringement indemnity provisions. Under those provisions, we generally agree, subject to certain exceptions, to indemnify, defend, and hold harmless the customer in connection with third party claims against the customer alleging that the customer’s use of our software products in compliance with their license infringe the third party’s patent, copyright, or other intellectual property rights. Conditions to our obligations generally include that we are provided the right to control the defense of the claims and, in general, to control settlement negotiations. Those provisions generally provide also that, if the customer is prevented from using our software because of a third party infringement claim, our sole obligation (in addition to the indemnification, defense, and hold harmless obligation referred to above) is to, at our expense, (i) procure for the customer the right to continue to use the software, (ii) to replace or modify the product so that its use by the customer does not infringe, or, if either of the foregoing are not reasonably feasible, to terminate the customer contract and provide a refund of the unamortized portion of the customer’s license fee (based on a five year amortization period). Our customer contracts sometimes also require us to indemnify, defend, and hold harmless the customer in connection with death, personal injury, or property damage claims made by third parties with respect to actions of our personnel or contractors. The indemnity obligations contained in our customer contracts generally have no specified expiration date and no specified monetary limitation on liability. We have not previously incurred costs to settle claims or pay awards under these indemnification obligations. We account for these indemnity obligations in accordance with FASB guidance on accounting for contingencies, and record a liability for these obligations when a loss is probable and reasonably estimable. We have not recorded any liabilities for these contracts as of December 31, 2022, or 2021.

In general, in our customer software license contracts, we warrant to our customers that our software products will perform in all material respects in accordance with the standard published specifications in effect at the time of delivery of the licensed products to the customer for six months after first use of the licensed products, but no more than 24 months after execution of the license agreement. We also generally warrant in our Cloud subscription agreements that we will perform the Cloud services in all material respects as defined in the agreement during the service period. Additionally, we warrant to our customers that services will be performed consistent with generally accepted industry standards or specific service levels through completion of the agreed upon services. If necessary, we will provide for the estimated cost of product and service warranties based on specific warranty claims history. However, we have not incurred significant recurring expenses under product or service warranties. As a result, we believe the estimated fair value of these agreements is nominal. Accordingly, we have no liabilities recorded for these agreements as of December 31, 2022 and 2021.

Segment Information

We have three reportable segments as defined by the FASB Codification topic for segment reporting: Americas, EMEA, and APAC. See Note 8 for discussion of our reportable segments.

Basic and Diluted Net Income Per Share

Basic net income per share is computed using net income divided by the weighted average number of shares of common stock outstanding (“Weighted Shares”) for the period presented.

Diluted net income per share is computed using net income divided by Weighted Shares and the treasury stock method effect of common equivalent shares (“CESs”) outstanding for each period presented. In the following table, we present a reconciliation of

earnings per share and the shares used in the computation of earnings per share for the years ended December 31, 2022, 2021 and 2020 (in thousands, except per share data):


	Year Ended December 31,
	2022			2021			2020
	(in thousands, except per share data)
Net income	$	128,959		$	110,472		$	87,240
Earnings per share:
Basic	$	2.05		$	1.74		$	1.37
Effect of CESs		(0.02	)		(0.02	)		(0.01	)
Diluted	$	2.03		$	1.72		$	1.36

Weighted average number of shares:
Basic		62,768			63,445			63,538
Effect of CESs		640			878			795
Diluted		63,408			64,323			64,333

The number of anti-dilutive CESs in 2022, 2021 and 2020 was immaterial. See Note 2 for further information on those securities.

Accumulated Other Comprehensive Income

Comprehensive income includes net income and foreign currency translation adjustments that are excluded from net income and reflected in shareholders’ equity. The entire accumulated other comprehensive income balance as of December 31, 2022 and 2021 represents foreign currency translation adjustments.

Accounting for Income Taxes

We provide for the effect of income taxes on our financial position and results of operations in accordance with the Income Taxes Topic of the Codification. Under this accounting pronouncement, income tax expense is recognized for the amount of income taxes payable or refundable for the current year and for the change in net deferred tax assets or liabilities resulting from events that are recorded for financial reporting purposes in a different reporting period than recorded in the tax return. Management must make significant assumptions, judgments, and estimates to determine our current provision for income taxes and also, our deferred tax assets and liabilities, and any valuation allowance to be recorded against our net deferred tax asset.

Our judgments, assumptions, and estimates relative to the current provision for income tax take into account current tax laws, our interpretation of current tax laws, allowable deductions, projected tax credits, and possible outcomes of current and future audits conducted by foreign and domestic tax authorities. We do not recognize a tax benefit unless we conclude that it is more likely than not that the benefit will be sustained on audit by the taxing authority based solely on the technical merits of the associated tax position. If the recognition threshold is met, we recognize a tax benefit measured at the largest amount of the tax benefit that, in our judgment, is greater than 50 percent likely to be realized. Changes in tax law or our interpretation of tax laws and the resolution of current and future tax audits could significantly impact the amounts provided for income taxes in our financial position and results of operations. Our assumptions, judgments, and estimates relative to the value of our net deferred tax asset take into account predictions of the amount and category of future taxable income. Actual operating results and the underlying amount and category of income in future years could render our current assumptions, judgments, and estimates of recoverable net deferred taxes inaccurate, thus materially impacting our financial position and results of operations.

Equity-Based Compensation

We account for equity-based compensation in accordance with ASC 718, Compensation – Stock Compensation. See Note 2 for further information.

Advertising Costs

We expense advertising costs as incurred. Advertising expense was $1.2 million in 2022, $2.3 million in 2021, and $1.6 million in 2020.

Retirement of Repurchased Shares

We immediately retire shares repurchased pursuant to any share repurchase program. We allocate the share purchase price in excess of par value between additional paid-in capital and retained earnings.

Equity-Based Compensation

12 Months Ended

Dec. 31, 2022

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Equity-Based Compensation

2. Equity-Based Compensation

Equity Based Compensation Plans

In May 2020, the Manhattan Associates, Inc. 2020 Equity Incentive Plan (the “2020 Plan”) was approved by our shareholders. The 2020 Plan provides for the grant of stock options, restricted stock, restricted stock units, and stock appreciation rights. Vesting conditions can be service-based or performance-based, or a combination of both. The number of shares subject to outstanding awards under the 2007 Stock Incentive Plan (the “2007 Plan”) that are forfeited or canceled or expire after the Effective Date, in accordance with the terms of the 2007 Plan, are counted as one share toward the 2020 Plan.

A maximum of 4,500,000 shares are available for grant under the amended 2020 Plan. Each stock option, stock appreciation right, restricted stock, or restricted stock unit granted is counted against the maximum share limitation as one share. Options and stock appreciation rights cannot have a term exceeding seven years. As of December 31, 2022, there were 3,439,854 shares available for issuance under the 2020 Plan. The 2020 Plan is administered by the Compensation Committee of the Board of Directors. The committee has the authority to interpret the provisions thereof.

The restricted stock awards contain vesting provisions that are 50% service based and 50% performance based for employee awards and 100% service based for non-employee members of the Board of Directors (“Outside Directors”). The employee awards have a four year vesting period, with the performance portion tied to annual revenue and operating income targets. The awards to Outside Directors have a one year vesting period. We recognize compensation cost for service-based restricted awards with graded vesting on a straight-line basis over the entire vesting period, with the amount of compensation cost recognized at any date at least equal to the portion of the grant-date value of the award that is vested at that date. For our performance-based restricted stock awards with graded vesting, we recognize compensation cost on an accelerated basis applying straight-line expensing for each separately vesting portion of each award.

Restricted Stock Awards

We present below a summary of changes in unvested units of restricted stock during 2022:


	Number of Units	Grant Date Fair Value
Outstanding at January 1, 2022	1,388,467	$85.05
Granted	683,271	123.75
Vested	(606,607)	76.33
Forfeited	(37,300)	114.56
Outstanding at December 31, 2022	1,427,831	$106.50

The Company recorded equity-based compensation expense related to restricted stock and RSUs (collectively “restricted stock awards”) of $59.4 million, $43.3 million, and $33.4 million in 2022, 2021 and 2020, respectively. The total fair value of restricted stock awards vested in 2022, 2021 and 2020, based on market value at the vesting dates was $81.4 million, $59.8 million, and $52.2 million, respectively. The weighted average grant-date fair value of RSUs granted during fiscal year 2022, 2021 and 2020 was $123.75, $128.62 and $77.20, respectively. As of December 31, 2022, unrecognized compensation cost related to unvested RSU totaled $93.7 million and is expected to be recognized over a weighted average period of approximately 2.7 years. We recognize forfeitures of equity-based payments as they occur.

Included in RSU grants for the year ended December 31, 2022 are 273,158 units that have performance-based vesting criteria granted at target level for 2022 and performance adjustments above target level for 2021. The performance criteria are tied to our financial performance. As of December 31, 2022, the associated equity-based compensation expense has been recognized for the portion of the award attributable to the 2022 performance criteria.

Income Taxes

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Income Taxes

3. Income Taxes

We are subject to future federal, state, and foreign income taxes and have recorded net deferred tax assets on the Consolidated Balance Sheets at December 31, 2022 and 2021. Deferred tax assets and liabilities are determined based on the difference between the financial accounting and tax bases of assets and liabilities. We present below significant components of our deferred tax assets and liabilities as of December 31, 2022 and 2021 are as follows (in thousands):


	December 31,
	2022			2021
Deferred tax assets:
Accounts receivable	$	1,321		$	570
Accrued liabilities		9,208			9,273
Equity-based compensation		9,832			7,763
Capitalized costs		27,516			515
Accrued sales taxes		190			196
Operating lease liabilities		2,974			4,593
State tax credits		2,700			4,521
Tax credit - foreign		3,108			1,238
Valuation allowance		(2,735	)		(4,403	)
Other		279			531
		54,393			24,797
Deferred tax liabilities:
Intangible Assets		7,428			7,380
Depreciation		580			666
Deferred commissions		6,408			4,763
Operating lease right-of-use assets		2,771			4,338
		17,187			17,147
Net deferred tax assets	$	37,206		$	7,650

We present below income from domestic and foreign operations before income tax expense for the years ended December 31, 2022, 2021 and 2020 are as follows (in thousands):


	Year Ended December 31,
	2022		2021		2020
Domestic	$	139,217	$	120,565	$	101,681
Foreign		18,904		13,507		12,095
Total	$	158,121	$	134,072	$	113,776

The components of our income tax provision for the years ended December 31, 2022, 2021 and 2020 are as follows (in thousands):


	Year Ended December 31,
	2022			2021			2020
Current:
Federal	$	42,198		$	14,042		$	13,860
State		11,183			5,188			4,793
Foreign		5,492			6,309			6,847
	$	58,873		$	25,539		$	25,500
Deferred:
Federal		(22,383	)		(427	)		(393	)
State		(5,200	)		(531	)		1,113
Foreign		(2,128	)		(981	)		316
		(29,711	)		(1,939	)		1,036
Total	$	29,162		$	23,600		$	26,536

We currently have a tax holiday in India under the Special Economic Zone Act through March 2029. As a result of this holiday, we had pre-tax income of approximately $12.2 million, for the year ended December 31, 2022, that was not subject to tax. Separately, we are subject to India’s Minimum Alternate Tax (“MAT”) and accordingly incurred income tax expense of approximately $2.0 million in 2022. The impact on diluted earnings per share if the income had been fully taxable would have been a decrease of $0.03 per share in 2022.

We have tax credit carry-forwards of approximately $3.4 million available to offset future state tax. These tax credit carry-forwards expire in 2026 to 2033. These credits represent a deferred tax asset of $2.7 million after consideration of the federal benefit of state tax deductions. A valuation allowance of $1.4 million has been established for these credits because the ability to use them is not more likely than not. We also have a tax credit carry-forward of approximately $3.1 million available to offset future foreign tax. This tax credit carryforward begins expiring in 2036.

At December 31, 2022 we had approximately $72.0 million of undistributed earnings and profits. The undistributed earnings and profits are considered previously taxed income and would not be subject to U.S. income taxes upon repatriation of those earnings, in the form of dividends. The undistributed earnings and profits are considered to be permanently reinvested, accordingly no provision for local withholdings taxes have been provided, however, upon repatriation of those earnings, in the form of dividends, we could be subject to additional local withholding taxes.

We present below a summary of the items that cause recorded income taxes to differ from taxes computed using the statutory federal income tax rate for the years ended December 31, 2022, 2021 and 2020:


	Year Ended December 31,
	2022			2021			2020

Statutory federal income tax rate		21.0	%		21.0	%		21.0	%
Effect of:
State income tax, net of federal benefit		3.6			3.6			3.9
State credit carryforwards		1.2			(0.8	)		0.5
U.S. federal R&D tax credit		(1.8	)		(1.8	)		(1.9	)
Excess benefit of equity compensation		(4.8	)		(4.9	)		(3.4	)
Employee compensation limitation		3.7			3.4			2.7
Global Intangible Low Taxed Income (GILTI)		0.1			0.2			0.1
Foreign-derived intangible income (FDII) deduction		(3.3	)		(3.1	)		(2.7	)
Foreign operations		1.0			(0.7	)		1.0
Tax contingencies		(1.3	)		(0.3	)		1.9
Other permanent differences		0.3			0.3			(0.2	)
Change in valuation allowance		(1.3	)		0.7			0.4
Income taxes		18.4	%		17.6	%		23.3	%

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows for the years ended December 31, 2022, 2021 and 2020 (in thousands):


	December 31,
	2022			2021			2020

Unrecognized tax benefits at January 1,	$	(13,186	)	$	(12,804	)	$	(11,239	)
Gross amount of increases in unrecognized tax benefits as a result of tax positions taken during a prior period		(199	)		(408	)		(118	)
Gross amount of decreases in unrecognized tax benefits as a result of tax positions taken during a prior period		2,583			147			1,598
Gross amount of increases in unrecognized tax benefits as a result of tax positions taken during the current period		(1,787	)		(3,117	)		(3,256	)
Reductions to unrecognized tax benefits relating to settlements with taxing authorities		-			148		-
Reductions to unrecognized tax benefits as a result of a lapse of the applicable statute of limitations		2,057			2,848			211
Unrecognized tax benefits at December 31,	$	(10,532	)	$	(13,186	)	$	(12,804	)

Our unrecognized tax benefits totaled $10.5 million and $13.2 million as of December 31, 2022 and 2021, respectively. Included in these amounts are unrecognized tax benefits totaling $9.9 million and $11.8 million as of December 31, 2022 and 2021, respectively, which, if recognized, would affect the effective tax rate.

We recognize potential accrued interest and penalties related to unrecognized tax benefits within our global operations in income tax expense. For the years ended December 31, 2022, 2021 and 2020, the Company recognized the following income tax expense: $0.7 million, $0.4 million, and $0.4 million, respectively, for the potential payment of interest and penalties. Accrued interest and penalties were $1.2 million and $1.3 million for the years ended December 31, 2022 and 2021. We conduct business globally and, as a result, file income tax returns in the United State federal jurisdiction and in many state and foreign jurisdictions. We are generally no longer subject to U.S. federal, state, and local, or non-US income tax examinations for the years before 2010. Due to the expiration of statutes of limitations in multiple jurisdictions globally during 2023, the Company anticipates it is reasonably possible that unrecognized tax benefits may decrease by $3.3 million.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI https://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Shareholders' Equity

12 Months Ended

Dec. 31, 2022

Stockholders Equity Note [Abstract]

Shareholders' Equity

4. Shareholders’ Equity

During 2022, 2021 and 2020, we purchased 1,352,954, 709,200, and 337,007 shares of the Company’s common stock for $175.4 million, $100.0 million, and $25.0 million, respectively, through open market transactions as part of a publicly-announced share repurchase program. In January 2023, our Board of Directors authorized the Company to repurchase up to an aggregate of $75 million of our common stock. Beginning in 2023, we will be subject to a 1% excise tax on stock repurchases as enacted by the United States Inflation Reduction Act which we will include in the cost of stock repurchases as a reduction of shareholders’ equity.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI https://asc.fasb.org/topic&trid=2208762

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 16
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496180-112644

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (i)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 50
-Paragraph 6
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126731327&loc=SL126733271-114008

+ Details

Contingencies

12 Months Ended

Dec. 31, 2022

Commitments And Contingencies Disclosure [Abstract]

Contingencies

5. Contingencies

From time to time, we may be involved in litigation relating to claims arising in the ordinary course of business, and occasionally legal proceeding not in the ordinary course. Many of our installations involve products that are critical to the operations of our clients’ businesses. Any failure in our company’s products could result in a claim for substantial damages against us, regardless of our responsibility for such failure. Although we attempt to contractually limit our liability for damages arising from product failures or negligent acts or omissions, there can be no assurance that the limitations of liability set forth in its contracts will be enforceable in all instances. We are not currently a party to any legal proceeding in the ordinary course of business or other legal proceedings the result of which we believe is likely to have a material adverse impact upon our business, financial position, results of operations, or cash flows. We expense legal costs associated with loss contingencies as such legal costs are incurred.

Employee Benefit Plan

12 Months Ended

Dec. 31, 2022

Postemployment Benefits [Abstract]

Employee Benefit Plan

6. Employee Benefit Plan

We sponsor the Manhattan Associates 401(k) Plan and Trust (the “401(k) Plan”), a qualified profit sharing plan with a 401(k) feature covering substantially all our employees. Under the 401(k) Plan’s deferred compensation arrangement, eligible employees who elect to participate in the 401(k) Plan may contribute up to 60% of eligible compensation up to $20,500, as defined, to the 401(k) Plan. The Internal Revenue Service sets the eligible compensation limit at $305,000 for 2022. Since 2012, we have provided a 50% matching contribution up to 6% of eligible compensation being contributed after the participant’s first year of employment. During the years ended December 31, 2022, 2021 and 2020, the Company made matching contributions to the 401(k) Plan of $6.1 million, $5.2 million, and $1.7 million, respectively.

Leases

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

7. Leases

We lease our facilities and some of our equipment under noncancelable operating lease arrangements that expire at various dates through 2029. The total operating lease liabilities for these leases at December 31, 2022 was approximately $20.0 million. For a few of our facility leases, we have certain options to extend the lease term for up to 10 years, at our sole discretion. We have no finance leases.

We present below the operating lease right-of-use assets and lease liabilities as of December 31, 2022 (in thousands):


		December 31, 2022
ASSETS
Operating lease right-of-use assets		$17,794

LIABILITIES
Operating lease liabilities, current (included in accrued and other liabilities)		$5,962
Operating lease liabilities, long-term		14,065
Total operating lease liabilities		$20,027

Aggregate future minimum lease payments under noncancelable operating leases as of December 31, 2022 are as follows (in thousands):


Year Ending December 31,
2023	$	7,109
2024		6,130
2025		5,344
2026		2,491
2027		2,351
Thereafter		2,091
Total minimum payments required		25,516
Less short-term leases		(91	)
Less imputed interest		(5,398	)
Total operating lease liabilities	$	20,027

We are applying the practical expedient to not separate lease and non-lease components, which allows us to account for lease and non-lease components as a single lease component. The total lease cost in 2022 was $7.7 million, consisting of $7.3 million of operating lease costs, and $0.4 million of short-term lease costs. The total lease cost in 2021 was $7.9 million, consisting of $7.5 million of operating lease costs, and $0.4 million of short-term lease costs. Total lease costs in 2020 were $7.9 million, consisting of $7.5 million of operating lease costs, and $0.4 million of short-term lease costs. Our variable lease cost during 2022, 2021 and 2020 were immaterial.


Weighted average remaining lease term	4.2 years
Weighted average discount rate		4	%
Supplemental cash flow information - operating cash flows (in thousands):
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	7,159

Segment Reporting

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Segment Reporting

8. Segment Reporting

We manage our business by geographic segment and have three geographic reportable segments: the Americas, EMEA, and APAC. All segments derive revenue from the sale and implementation of our supply chain commerce solutions. The individual products sold by the segments are similar in nature and are all designed to help companies manage the effectiveness and efficiency of their supply chain commerce. We use the same accounting policies for each reportable segment. The chief executive officer and chief financial officer evaluate performance based on revenue and operating results for each reportable segment.

The Americas segment charges royalty fees to the other segments based on cloud subscriptions and software licenses sold by those reportable segments. The royalties, which totaled $8.9 million, $6.1 million, and $3.8 million in 2022, 2021 and 2020, respectively, are included in costs of revenue for each segment with a corresponding reduction in the America’s cost of revenue. The revenues represented below are from external customers only. The geography-based costs consist of costs for professional services personnel, direct sales and marketing expenses, infrastructure costs to support the employee and customer base, billing and financial systems, management and general and administrative support. There are certain corporate expenses included in the Americas segment that we do not charge to the other segments. Such expenses include research and development, certain marketing and general and administrative costs that support the global organization, and the amortization of acquired developed technology. Costs in the Americas’ segment include all research and development costs including the costs associated with our operations in India.

In accordance with the segment reporting topic of the FASB Codification, we present below financial information by reportable segment for 2022, 2021 and 2020 (in thousands):


	Year Ended December 31,
	2022								2021
	Americas		EMEA		APAC		Consolidated		Americas		EMEA		APAC		Consolidated
Revenue:
Cloud subscriptions	$	148,943	$	22,988	$	4,527	$	176,458	$	103,863	$	15,380	$	2,952	$	122,195
Software license		16,364		6,380		2,104		24,848		29,300		5,729		2,041		37,070
Maintenance		113,258		19,784		9,156		142,198		113,169		23,091		9,581		145,841
Services		295,998		79,628		18,470		394,096		256,392		66,131		12,276		334,799
Hardware		29,321		158		5		29,484		23,491		243		4		23,738
Total revenue		603,884		128,938		34,262		767,084		526,215		110,574		26,854		663,643

Costs and Expenses:
Cost of revenue		271,222		71,108		15,907		358,237		225,799		58,593		13,435		297,827
Operating expenses		227,409		17,187		4,888		249,484		202,217		16,496		4,856		223,569
Depreciation and amortization		5,964		613		86		6,663		7,020		738		156		7,914
Total costs and expenses		504,595		88,908		20,881		614,384		435,036		75,827		18,447		529,310
Operating income	$	99,289	$	40,030	$	13,381	$	152,700	$	91,179	$	34,747	$	8,407	$	134,333


	Year Ended December 31, 2020
	Americas		EMEA		APAC		Consolidated
Revenue:
Cloud subscriptions	$	69,469	$	8,465	$	1,896	$	79,830
Software license		30,509		4,308		3,467		38,284
Maintenance		116,309		22,208		9,231		147,748
Services		232,954		58,360		12,255		303,569
Hardware		16,698		241		2		16,941
Total revenue		465,939		93,582		26,851		586,372

Costs and Expenses:
Cost of revenue		202,421		53,661		13,805		269,887
Operating expenses		174,477		14,461		4,540		193,478
Depreciation and amortization		7,932		823		191		8,946
Total costs and expenses		384,830		68,945		18,536		472,311
Operating income	$	81,109	$	24,637	$	8,315	$	114,061

In the following table, we present goodwill, long-lived assets, and total assets by reportable segment as of December 31, 2022 and 2021 (in thousands):


	As of December 31, 2022								As of December 31, 2021
	Americas		EMEA		APAC		Consolidated		Americas		EMEA		APAC		Consolidated
Goodwill, net	$	54,766	$	5,501	$	1,963	$	62,230	$	54,766	$	5,510	$	1,963	$	62,239
Long lived assets		47,591		6,640		1,136		55,367		51,246		8,214		1,940		61,400
Total assets		488,064		65,491		16,623		570,178		468,600		54,021		17,087		539,708

For the years ended December 31, 2022, 2021 and 2020, we derived revenue from sales to customers outside the United States of approximately $238.4 million, $196.4 million, and $178.1 million, respectively. Our remaining revenue was derived from domestic sales.

Cloud subscriptions revenue primarily relates to our Manhattan Active omnichannel, warehouse management solutions, and transportation management solutions for the year ended December 31, 2022. The majority of our software license revenue (over 85%) relates to our warehouse management product group for the same period.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI https://asc.fasb.org/topic&trid=2134510

+ Details

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	9. Subsequent Events We evaluated all subsequent events that occurred after the date of the accompanying financial statements and determined that there were no events or transactions during this subsequent event reporting period which require recognition or disclosure in our financial statements.

SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2022

Valuation And Qualifying Accounts [Abstract]

SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II

MANHATTAN ASSOCIATES, INC. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS

(in thousands)


Classification:	Balance at Beginning of Period		Additions Charged to Operations		Net Deductions			Balance at End of Period
Allowance for Doubtful Accounts
For the year ended:
December 31, 2020	$	2,826	$	3,451	$	2,780	(a)	$	3,497
December 31, 2021	$	3,497	$	2,471	$	3,549	(a)	$	2,419
December 31, 2022	$	2,419	$	5,416	$	1,826	(a)	$	6,009

Deferred Tax Asset Valuation Allowance
For the year ended:
December 31, 2020	$	2,886	$	489	$	-	(b)	$	3,375
December 31, 2021	$	3,375	$	1,028	$	-	(b)	$	4,403
December 31, 2022	$	4,403	$	-	$	1,668	(b)	$	2,735

(a)

Represents write-offs of accounts, net of recoveries.

(b)

Represents current year releases credited to expenses and current year reductions due to decreases in net deferred tax assets.

(c)

Represents current year cash payments.

Organization, Consolidation and Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Risks Associated with Single Business Line, Technological Advances, and Foreign Operations

Principles of Consolidation and Foreign Currency Translation

Cash and Cash Equivalents

We consider all highly liquid investments purchased with original maturities of three months or less to be cash or cash equivalents.

Concentrations of Credit Risk

Fair Value Measurement

•

Level 1–Quoted prices in active markets for identical instruments.

•

Level 3–Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

Use of Estimates

Revenue Recognition

Nature of Products and Services

Significant Judgements

Contract Balances

No revenue was recognized in 2022 from performance obligations that were satisfied in prior periods.

Remaining Performance Obligations

Returns and Allowances

We have not experienced significant returns or warranty claims to date and, as a result, have not recorded a provision for the cost of returns and product warranty claims.

Deferred Commissions

Returns and Allowances

We have not experienced significant returns or warranty claims to date and, as a result, have not recorded a provision for the cost of returns and product warranty claims.

Property and Equipment

Property and equipment, at cost, consist of the following (in thousands):


	December 31,
	2022			2021
Office equipment	$	39,273		$	37,435
Furniture and fixtures		4,871			5,012
Leasehold improvement		23,518			24,142
Property and equipment, gross		67,662			66,589
Less accumulated depreciation		(54,859	)		(52,700	)
Property and equipment, net	$	12,803		$	13,889

Software Development Costs

Impairment of Long-Lived Assets

Goodwill and Impairment of Goodwill

Goodwill

Impairment of Goodwill

Guarantees and Indemnities

Segment Information

We have three reportable segments as defined by the FASB Codification topic for segment reporting: Americas, EMEA, and APAC. See Note 8 for discussion of our reportable segments.

Basic and Diluted Net Income Per Share

Basic net income per share is computed using net income divided by the weighted average number of shares of common stock outstanding (“Weighted Shares”) for the period presented.

earnings per share and the shares used in the computation of earnings per share for the years ended December 31, 2022, 2021 and 2020 (in thousands, except per share data):


	Year Ended December 31,
	2022			2021			2020
	(in thousands, except per share data)
Net income	$	128,959		$	110,472		$	87,240
Earnings per share:
Basic	$	2.05		$	1.74		$	1.37
Effect of CESs		(0.02	)		(0.02	)		(0.01	)
Diluted	$	2.03		$	1.72		$	1.36

Weighted average number of shares:
Basic		62,768			63,445			63,538
Effect of CESs		640			878			795
Diluted		63,408			64,323			64,333

The number of anti-dilutive CESs in 2022, 2021 and 2020 was immaterial. See Note 2 for further information on those securities.

Accumulated Other Comprehensive Income

Accounting for Income Taxes

Equity-Based Compensation

We account for equity-based compensation in accordance with ASC 718, Compensation – Stock Compensation. See Note 2 for further information.

Advertising Costs

We expense advertising costs as incurred. Advertising expense was $1.2 million in 2022, $2.3 million in 2021, and $1.6 million in 2020.

Retirement of Repurchased Shares

Organization, Consolidation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Property and Equipment

Property and equipment, at cost, consist of the following (in thousands):


	December 31,
	2022			2021
Office equipment	$	39,273		$	37,435
Furniture and fixtures		4,871			5,012
Leasehold improvement		23,518			24,142
Property and equipment, gross		67,662			66,589
Less accumulated depreciation		(54,859	)		(52,700	)
Property and equipment, net	$	12,803		$	13,889

Reconciliation of Earnings per Share and Shares in Computation of Earnings Per Share

In the following table, we present a reconciliation of

earnings per share and the shares used in the computation of earnings per share for the years ended December 31, 2022, 2021 and 2020 (in thousands, except per share data):


	Year Ended December 31,
	2022			2021			2020
	(in thousands, except per share data)
Net income	$	128,959		$	110,472		$	87,240
Earnings per share:
Basic	$	2.05		$	1.74		$	1.37
Effect of CESs		(0.02	)		(0.02	)		(0.01	)
Diluted	$	2.03		$	1.72		$	1.36

Weighted average number of shares:
Basic		62,768			63,445			63,538
Effect of CESs		640			878			795
Diluted		63,408			64,323			64,333

Equity-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Changes in Unvested Units of Restricted Stock

We present below a summary of changes in unvested units of restricted stock during 2022:


	Number of Units	Grant Date Fair Value
Outstanding at January 1, 2022	1,388,467	$85.05
Granted	683,271	123.75
Vested	(606,607)	76.33
Forfeited	(37,300)	114.56
Outstanding at December 31, 2022	1,427,831	$106.50

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Components of Deferred Tax Assets and Liabilities

We present below significant components of our deferred tax assets and liabilities as of December 31, 2022 and 2021 are as follows (in thousands):


	December 31,
	2022			2021
Deferred tax assets:
Accounts receivable	$	1,321		$	570
Accrued liabilities		9,208			9,273
Equity-based compensation		9,832			7,763
Capitalized costs		27,516			515
Accrued sales taxes		190			196
Operating lease liabilities		2,974			4,593
State tax credits		2,700			4,521
Tax credit - foreign		3,108			1,238
Valuation allowance		(2,735	)		(4,403	)
Other		279			531
		54,393			24,797
Deferred tax liabilities:
Intangible Assets		7,428			7,380
Depreciation		580			666
Deferred commissions		6,408			4,763
Operating lease right-of-use assets		2,771			4,338
		17,187			17,147
Net deferred tax assets	$	37,206		$	7,650

Components of Income from Domestic and Foreign Operations Before Income Tax Expense

We present below income from domestic and foreign operations before income tax expense for the years ended December 31, 2022, 2021 and 2020 are as follows (in thousands):


	Year Ended December 31,
	2022		2021		2020
Domestic	$	139,217	$	120,565	$	101,681
Foreign		18,904		13,507		12,095
Total	$	158,121	$	134,072	$	113,776

Components of Income Tax Provision

The components of our income tax provision for the years ended December 31, 2022, 2021 and 2020 are as follows (in thousands):


	Year Ended December 31,
	2022			2021			2020
Current:
Federal	$	42,198		$	14,042		$	13,860
State		11,183			5,188			4,793
Foreign		5,492			6,309			6,847
	$	58,873		$	25,539		$	25,500
Deferred:
Federal		(22,383	)		(427	)		(393	)
State		(5,200	)		(531	)		1,113
Foreign		(2,128	)		(981	)		316
		(29,711	)		(1,939	)		1,036
Total	$	29,162		$	23,600		$	26,536

Reconciliation of Statutory U.S. Federal Rate and Tax Effective Rates


	Year Ended December 31,
	2022			2021			2020

Statutory federal income tax rate		21.0	%		21.0	%		21.0	%
Effect of:
State income tax, net of federal benefit		3.6			3.6			3.9
State credit carryforwards		1.2			(0.8	)		0.5
U.S. federal R&D tax credit		(1.8	)		(1.8	)		(1.9	)
Excess benefit of equity compensation		(4.8	)		(4.9	)		(3.4	)
Employee compensation limitation		3.7			3.4			2.7
Global Intangible Low Taxed Income (GILTI)		0.1			0.2			0.1
Foreign-derived intangible income (FDII) deduction		(3.3	)		(3.1	)		(2.7	)
Foreign operations		1.0			(0.7	)		1.0
Tax contingencies		(1.3	)		(0.3	)		1.9
Other permanent differences		0.3			0.3			(0.2	)
Change in valuation allowance		(1.3	)		0.7			0.4
Income taxes		18.4	%		17.6	%		23.3	%

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows for the years ended December 31, 2022, 2021 and 2020 (in thousands):


	December 31,
	2022			2021			2020

Unrecognized tax benefits at January 1,	$	(13,186	)	$	(12,804	)	$	(11,239	)
Gross amount of increases in unrecognized tax benefits as a result of tax positions taken during a prior period		(199	)		(408	)		(118	)
Gross amount of decreases in unrecognized tax benefits as a result of tax positions taken during a prior period		2,583			147			1,598
Gross amount of increases in unrecognized tax benefits as a result of tax positions taken during the current period		(1,787	)		(3,117	)		(3,256	)
Reductions to unrecognized tax benefits relating to settlements with taxing authorities		-			148		-
Reductions to unrecognized tax benefits as a result of a lapse of the applicable statute of limitations		2,057			2,848			211
Unrecognized tax benefits at December 31,	$	(10,532	)	$	(13,186	)	$	(12,804	)

Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Summary of Operating Lease Right-of-Use Assets and Lease Liabilities

We present below the operating lease right-of-use assets and lease liabilities as of December 31, 2022 (in thousands):


		December 31, 2022
ASSETS
Operating lease right-of-use assets		$17,794

LIABILITIES
Operating lease liabilities, current (included in accrued and other liabilities)		$5,962
Operating lease liabilities, long-term		14,065
Total operating lease liabilities		$20,027

Aggregate Future Minimum Lease Payments Under Noncancelable Operating Leases

Aggregate future minimum lease payments under noncancelable operating leases as of December 31, 2022 are as follows (in thousands):


Year Ending December 31,
2023	$	7,109
2024		6,130
2025		5,344
2026		2,491
2027		2,351
Thereafter		2,091
Total minimum payments required		25,516
Less short-term leases		(91	)
Less imputed interest		(5,398	)
Total operating lease liabilities	$	20,027

Schedule of Other Information Related to Leases


Weighted average remaining lease term	4.2 years
Weighted average discount rate		4	%
Supplemental cash flow information - operating cash flows (in thousands):
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	7,159

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Schedule of Financial Information by Reportable Segment

In accordance with the segment reporting topic of the FASB Codification, we present below financial information by reportable segment for 2022, 2021 and 2020 (in thousands):


	Year Ended December 31,
	2022								2021
	Americas		EMEA		APAC		Consolidated		Americas		EMEA		APAC		Consolidated
Revenue:
Cloud subscriptions	$	148,943	$	22,988	$	4,527	$	176,458	$	103,863	$	15,380	$	2,952	$	122,195
Software license		16,364		6,380		2,104		24,848		29,300		5,729		2,041		37,070
Maintenance		113,258		19,784		9,156		142,198		113,169		23,091		9,581		145,841
Services		295,998		79,628		18,470		394,096		256,392		66,131		12,276		334,799
Hardware		29,321		158		5		29,484		23,491		243		4		23,738
Total revenue		603,884		128,938		34,262		767,084		526,215		110,574		26,854		663,643

Costs and Expenses:
Cost of revenue		271,222		71,108		15,907		358,237		225,799		58,593		13,435		297,827
Operating expenses		227,409		17,187		4,888		249,484		202,217		16,496		4,856		223,569
Depreciation and amortization		5,964		613		86		6,663		7,020		738		156		7,914
Total costs and expenses		504,595		88,908		20,881		614,384		435,036		75,827		18,447		529,310
Operating income	$	99,289	$	40,030	$	13,381	$	152,700	$	91,179	$	34,747	$	8,407	$	134,333


	Year Ended December 31, 2020
	Americas		EMEA		APAC		Consolidated
Revenue:
Cloud subscriptions	$	69,469	$	8,465	$	1,896	$	79,830
Software license		30,509		4,308		3,467		38,284
Maintenance		116,309		22,208		9,231		147,748
Services		232,954		58,360		12,255		303,569
Hardware		16,698		241		2		16,941
Total revenue		465,939		93,582		26,851		586,372

Costs and Expenses:
Cost of revenue		202,421		53,661		13,805		269,887
Operating expenses		174,477		14,461		4,540		193,478
Depreciation and amortization		7,932		823		191		8,946
Total costs and expenses		384,830		68,945		18,536		472,311
Operating income	$	81,109	$	24,637	$	8,315	$	114,061

Goodwill, Long-Lived Assets and Total Assets by Reportable Segment

In the following table, we present goodwill, long-lived assets, and total assets by reportable segment as of December 31, 2022 and 2021 (in thousands):


	As of December 31, 2022								As of December 31, 2021
	Americas		EMEA		APAC		Consolidated		Americas		EMEA		APAC		Consolidated
Goodwill, net	$	54,766	$	5,501	$	1,963	$	62,230	$	54,766	$	5,510	$	1,963	$	62,239
Long lived assets		47,591		6,640		1,136		55,367		51,246		8,214		1,940		61,400
Total assets		488,064		65,491		16,623		570,178		468,600		54,021		17,087		539,708

Organization, Consolidation and Summary of Significant Accounting Policies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2022 USD ($) Customer Segment	Dec. 31, 2021 USD ($) Customer	Dec. 31, 2020 USD ($) Customer
Organization Consolidation And Summary Of Significant Accounting Policies [Line Items]
Percentage of revenue accounted for by top 5 customers	11.00%	12.00%	12.00%
Number of customers accounting for more than 10% of revenue \| Customer	0	0	0
Number of customers accounting for more than 10% of accounts receivable \| Customer	0	0
Cash	$ 118,900,000
Cash equivalents	106,600,000
Long-term investments	0
Money market funds	100,400,000
Investments	0
Revenue recognized in the reporting period from performance obligations satisfied in prior periods	0
Revenue expected to be recognized from remaining performance obligations	$ 1,051,500,000
Percentage of revenue expected to be recognized from remaining performance obligations	97.00%
Remaining performance obligation, explanation	We expect to recognize revenue on approximately 40% of these remaining performance obligations over the next 24 months with the balance recognized thereafter.
Percentage of expected revenue recognition	40.00%
Allowance for doubtful accounts recorded to operations	$ 5,400,000	$ 2,500,000	$ 3,500,000
Revenue, practical expedient, remaining performance obligation, description	We apply the practical expedient to expense sales commissions when the amortization period would have been one year or less.
Amortization of sales commissions	$ 7,500,000	5,200,000	3,100,000
Impairment losses	0	0	0
Depreciation and amortization expense	6,663,000	7,914,000	8,946,000
Impairment charges of long-lived assets	0	0	0
Impairment charges of intangible assets	0	0	0
Goodwill, net	$ 62,230,000	62,239,000
Customer's license amortization period	5 years
Number of reportable segments \| Segment	3
Advertising expense	$ 1,200,000	2,300,000	1,600,000
Office Equipment
Organization Consolidation And Summary Of Significant Accounting Policies [Line Items]
Property and equipment estimated useful life	5 years
Furniture and Fixtures
Organization Consolidation And Summary Of Significant Accounting Policies [Line Items]
Property and equipment estimated useful life	7 years
Leasehold Improvements
Organization Consolidation And Summary Of Significant Accounting Policies [Line Items]
Leasehold improvements useful life	lesser of their useful lives or the term of the lease.
Balance as of December 31, 2020
Organization Consolidation And Summary Of Significant Accounting Policies [Line Items]
Deferred revenue recognized	$ 147,500,000
Sales Commission
Organization Consolidation And Summary Of Significant Accounting Policies [Line Items]
Deferred commissions	29,900,000	23,200,000
Sales Commission \| Other Assets
Organization Consolidation And Summary Of Significant Accounting Policies [Line Items]
Deferred commissions	21,900,000	16,900,000
Sales Commission \| Prepaid Expenses
Organization Consolidation And Summary Of Significant Accounting Policies [Line Items]
Deferred commissions	8,000,000.0	6,300,000
Americas
Organization Consolidation And Summary Of Significant Accounting Policies [Line Items]
Accounts receivable, net	133,600,000	100,400,000
Depreciation and amortization expense	5,964,000	7,020,000	7,932,000
Goodwill, net	54,766,000	54,766,000
EMEA
Organization Consolidation And Summary Of Significant Accounting Policies [Line Items]
Accounts receivable, net	28,100,000	19,500,000
Depreciation and amortization expense	613,000	738,000	823,000
Goodwill, net	5,501,000	5,510,000
APAC
Organization Consolidation And Summary Of Significant Accounting Policies [Line Items]
Accounts receivable, net	5,000,000.0	4,500,000
Depreciation and amortization expense	86,000	156,000	191,000
Goodwill, net	1,963,000	1,963,000
India
Organization Consolidation And Summary Of Significant Accounting Policies [Line Items]
Certificates of deposit	6,200,000
Other (Loss) Income, Net
Organization Consolidation And Summary Of Significant Accounting Policies [Line Items]
Foreign exchange gains (losses)	$ 4,700,000	$ (200,000)	$ (400,000)

Property and Equipment (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 67,662	$ 66,589
Less accumulated depreciation	(54,859)	(52,700)
Property and equipment, net	12,803	13,889
Office Equipment
Property Plant And Equipment [Line Items]
Property and equipment, gross	39,273	37,435
Furniture and Fixtures
Property Plant And Equipment [Line Items]
Property and equipment, gross	4,871	5,012
Leasehold Improvements
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 23,518	$ 24,142

Reconciliation of Earnings per Share and Shares in Computation of Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Net income	$ 128,959	$ 110,472	$ 87,240
Earnings per share:
Basic	$ 2.05	$ 1.74	$ 1.37
Effect of CESs	(0.02)	(0.02)	(0.01)
Diluted	$ 2.03	$ 1.72	$ 1.36
Weighted average number of shares:
Basic	62,768	63,445	63,538
Effect of CESs	640	878	795
Diluted	63,408	64,323	64,333

Equity-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock expense	$ 59.4	$ 43.3	$ 33.4
Stock Compensation Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of restricted stock and restricted stock units awarded for service based vesting	50.00%
Percentage of restricted stock and restricted stock units awarded for performance based vesting	50.00%
Award vesting period (years)	4 years
Non Employee Director Restricted Equity Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of restricted stock and restricted stock units awarded for service based vesting	100.00%
Award vesting period (years)	1 year
Restricted Stock and Restricted Stock Unit
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total fair value of restricted stock awards vested	$ 81.4	$ 59.8	$ 52.2
RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average grant-date fair value of granted	$ 123.75	$ 128.62	$ 77.20
Unrecognized compensation cost related to unvested restricted stock	$ 93.7
Unrecognized compensation cost related to unvested award, period of recognition	2 years 8 months 12 days
Number of restricted units granted in the period	683,271
Performance Shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of restricted units granted in the period	273,158
2020 Stock Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum shares available for grant	4,500,000
Shares available for issuance	3,439,854
2020 Stock Incentive Plan \| Stock Option, Stock Appreciation Right, Restricted Stock, or Restricted Stock Unit
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted share count against share available	1
2020 Stock Incentive Plan \| Stock Options and Stock Appreciation Rights \| Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award term (years)	7 years

Summary of Changes in Unvested Units of Restricted Stock (Detail) - Restricted Stock Units - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of units, Outstanding at January 1, 2022	1,388,467
Number of units, Granted	683,271
Number of units, Vested	(606,607)
Number of units, Forfeited	(37,300)
Number of units, Outstanding at December 31, 2022	1,427,831	1,388,467
Grant date fair value, Outstanding at January 1, 2022	$ 85.05
Grant date fair value, Granted	123.75	$ 128.62	$ 77.20
Grant date fair value, Vested	76.33
Grant date fair value, Forfeited	114.56
Grant date fair value, Outstanding at December 31, 2022	$ 106.50	$ 85.05

Components of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Accounts receivable	$ 1,321	$ 570
Accrued liabilities	9,208	9,273
Equity-based compensation	9,832	7,763
Capitalized costs	27,516	515
Accrued sales taxes	190	196
Operating lease liabilities	2,974	4,593
State tax credits	2,700	4,521
Tax credit - foreign	3,108	1,238
Valuation allowance	(2,735)	(4,403)
Other	279	531
Deferred Tax Assets, Net of Valuation Allowance, Total	54,393	24,797
Deferred tax liabilities:
Intangible Assets	7,428	7,380
Depreciation	580	666
Deferred commissions	6,408	4,763
Operating lease right-of-use assets	2,771	4,338
Deferred Tax Liabilities, Net, Total	17,187	17,147
Net deferred tax assets	$ 37,206	$ 7,650

Components of Income from Domestic and Foreign Operations Before Income Tax Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Domestic	$ 139,217	$ 120,565	$ 101,681
Foreign	18,904	13,507	12,095
Income before income taxes	$ 158,121	$ 134,072	$ 113,776

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=126941158&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI https://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

Components of Income Tax Provision (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current:
Federal	$ 42,198	$ 14,042	$ 13,860
State	11,183	5,188	4,793
Foreign	5,492	6,309	6,847
Current Income Tax Expense (Benefit), Total	58,873	25,539	25,500
Deferred:
Federal	(22,383)	(427)	(393)
State	(5,200)	(531)	1,113
Foreign	(2,128)	(981)	316
Deferred Income Tax Expense (Benefit), Total	(29,711)	(1,939)	1,036
Total	$ 29,162	$ 23,600	$ 26,536

Income Taxes - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Taxes [Line Items]
Tax credit carry-forwards	$ 3,400
Tax credit carry-forwards deferred tax asset	2,700	$ 4,521
Tax credit carry-forwards, valuation allowance	1,400
Pre-tax income due to tax holiday	158,121	134,072	$ 113,776
Income tax provision	$ 29,162	23,600	26,536
Decrease in diluted earnings per share	$ (0.03)
Undistributed earnings and profits	$ 72,000
Unrecognized tax benefits	10,532	13,186	12,804	$ 11,239
Unrecognized tax benefits which, if recognized, would affect the effective tax rate	9,900	11,800
Accrued interest and penalties recognized related to unrecognized tax benefits	700	400	$ 400
Accrued interest and penalties	1,200	$ 1,300
Reasonably possible amount of decrease in unrecognized tax benefit over the next twelve months	$ 3,300
Earliest Tax Year
Income Taxes [Line Items]
Tax credit carry-forwards, expiration dates	2026
Latest Tax Year
Income Taxes [Line Items]
Tax credit carry-forwards, expiration dates	2033
Foreign
Income Taxes [Line Items]
Tax credit carry-forwards	$ 3,100
Foreign \| Earliest Tax Year
Income Taxes [Line Items]
Tax credit carry-forwards, expiration dates	2036
Special Economic Zone Act
Income Taxes [Line Items]
Pre-tax income due to tax holiday	$ 12,200
Minimum Alternate Tax
Income Taxes [Line Items]
Income tax provision	$ 2,000

Reconciliation of Statutory U.S. Federal Rate and Tax Effective Rates (Detail)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Statutory federal income tax rate	21.00%	21.00%	21.00%
State income tax, net of federal benefit	3.60%	3.60%	3.90%
State credit carryforwards	1.20%	(0.80%)	0.50%
U.S. federal R&D tax credit	(1.80%)	(1.80%)	(1.90%)
Excess benefit of equity compensation	(4.80%)	(4.90%)	(3.40%)
Employee compensation limitation	3.70%	3.40%	2.70%
Global Intangible Low Taxed Income (GILTI)	0.10%	0.20%	0.10%
Foreign-derived intangible income (FDII) deduction	(3.30%)	(3.10%)	(2.70%)
Foreign operations	1.00%	(0.70%)	1.00%
Tax contingencies	(1.30%)	(0.30%)	1.90%
Other permanent differences	0.30%	0.30%	(0.20%)
Change in valuation allowance	(1.30%)	0.70%	0.40%
Income taxes	18.40%	17.60%	23.30%

Reconciliation of Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Unrecognized tax benefits at January 1,	$ (13,186)	$ (12,804)	$ (11,239)
Gross amount of increases in unrecognized tax benefits as a result of tax positions taken during a prior period	(199)	(408)	(118)
Gross amount of decreases in unrecognized tax benefits as a result of tax positions taken during a prior period	2,583	147	1,598
Gross amount of increases in unrecognized tax benefits as a result of tax positions taken during the current period	(1,787)	(3,117)	(3,256)
Reductions to unrecognized tax benefits relating to settlements with taxing authorities		148
Reductions to unrecognized tax benefits as a result of a lapse of the applicable statute of limitations	2,057	2,848	211
Unrecognized tax benefits at December 31,	$ (10,532)	$ (13,186)	$ (12,804)

Shareholders' Equity - Additional Information (Detail) - USD ($)		12 Months Ended
	Jan. 01, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Jan. 31, 2023
Stockholders Equity Note [Line Items]
Common stock shares purchased under publicly-announced share repurchase program		1,352,954	709,200	337,007
Common stock purchased under publicly-announced share repurchase program, value		$ 175,400,000	$ 100,000,000.0	$ 25,000,000.0
Subsequent Event
Stockholders Equity Note [Line Items]
Stock Repurchase program, authorized amount					$ 75,000,000
Excise tax on stock repurchases	1.00%

Employee Benefit Plan - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Maximum contribution percentage of eligible compensation by eligible employees toward 401(k) plan	60.00%
Maximum contribution amount that employee can contribute to 401(k) plan	$ 20,500
Eligible compensation limit	$ 305,000
Defined benefit plan percentage of employer matching contribution on 6% of employee compensation	50.00%	50.00%	50.00%
Defined benefit plan employer matching contribution	$ 6,100,000	$ 5,200,000	$ 1,700,000
Maximum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Percentage of employees' eligible compensation for employer matching contribution	6.00%	6.00%	6.00%

- Definition

Amount of contribution received by defined benefit plan from employer which increases plan assets.

+ References + Details

Leases - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Line Items]
Total operating lease liabilities	$ 20,027
Option to extend, lease term	10 years
Total lease cost	$ 7,700	$ 7,900	$ 7,900
Operating lease costs	7,300	7,500	7,500
Short-term lease costs	400	$ 400	$ 400
India
Leases [Line Items]
Total operating lease liabilities	$ 20,000

Leases - Summary of Operating Lease Right-of-Use Assets and Lease Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Operating lease right-of-use assets	$ 17,794	$ 27,272
LIABILITIES
Operating lease liabilities, current (included in accrued and other liabilities)	$ 5,962
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued and other liabilities
Operating lease liabilities, long-term	$ 14,065	$ 23,157
Total operating lease liabilities	$ 20,027

Leases - Aggregate Future Minimum Lease Payments Under Noncancelable Operating Leases (Detail) $ in Thousands	Dec. 31, 2022 USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2023	$ 7,109
2024	6,130
2025	5,344
2026	2,491
2027	2,351
Thereafter	2,091
Total minimum payments required	25,516
Less short-term leases	(91)
Less imputed interest	(5,398)
Total operating lease liabilities	$ 20,027

Leases - Other Information Related to Leases (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Leases [Abstract]
Weighted average remaining lease term	4 years 2 months 12 days
Weighted average discount rate	4.00%
Supplemental cash flow information - operating cash flows (in thousands):
Operating cash flows for operating leases	$ 7,159

Segment Reporting - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) Segment	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments \| Segment	3
Revenue from sales to customers	$ 767,084	$ 663,643	$ 586,372
Warehouse Management Product Group \| Product Concentration Risk \| Sales Revenue, Net
Segment Reporting Information [Line Items]
Percentage of software license revenue	85.00%
Americas
Segment Reporting Information [Line Items]
Americas royalty fees	$ 8,900	6,100	3,800
Revenue from sales to customers	603,884	526,215	465,939
Outside United States
Segment Reporting Information [Line Items]
Revenue from sales to customers	$ 238,400	$ 196,400	$ 178,100

Schedule of Financial Information by Reportable Segment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total revenue	$ 767,084	$ 663,643	$ 586,372
Cost of revenue	358,237	297,827	269,887
Operating expenses	249,484	223,569	193,478
Depreciation and amortization	6,663	7,914	8,946
Total costs and expenses	614,384	529,310	472,311
Operating income	152,700	134,333	114,061
Americas
Segment Reporting Information [Line Items]
Total revenue	603,884	526,215	465,939
Cost of revenue	271,222	225,799	202,421
Operating expenses	227,409	202,217	174,477
Depreciation and amortization	5,964	7,020	7,932
Total costs and expenses	504,595	435,036	384,830
Operating income	99,289	91,179	81,109
EMEA
Segment Reporting Information [Line Items]
Total revenue	128,938	110,574	93,582
Cost of revenue	71,108	58,593	53,661
Operating expenses	17,187	16,496	14,461
Depreciation and amortization	613	738	823
Total costs and expenses	88,908	75,827	68,945
Operating income	40,030	34,747	24,637
APAC
Segment Reporting Information [Line Items]
Total revenue	34,262	26,854	26,851
Cost of revenue	15,907	13,435	13,805
Operating expenses	4,888	4,856	4,540
Depreciation and amortization	86	156	191
Total costs and expenses	20,881	18,447	18,536
Operating income	13,381	8,407	8,315
Cloud Subscriptions
Segment Reporting Information [Line Items]
Total revenue	176,458	122,195	79,830
Cloud Subscriptions \| Americas
Segment Reporting Information [Line Items]
Total revenue	148,943	103,863	69,469
Cloud Subscriptions \| EMEA
Segment Reporting Information [Line Items]
Total revenue	22,988	15,380	8,465
Cloud Subscriptions \| APAC
Segment Reporting Information [Line Items]
Total revenue	4,527	2,952	1,896
Software License
Segment Reporting Information [Line Items]
Total revenue	24,848	37,070	38,284
Cost of revenue	2,126	2,309	2,894
Software License \| Americas
Segment Reporting Information [Line Items]
Total revenue	16,364	29,300	30,509
Software License \| EMEA
Segment Reporting Information [Line Items]
Total revenue	6,380	5,729	4,308
Software License \| APAC
Segment Reporting Information [Line Items]
Total revenue	2,104	2,041	3,467
Maintenance
Segment Reporting Information [Line Items]
Total revenue	142,198	145,841	147,748
Maintenance \| Americas
Segment Reporting Information [Line Items]
Total revenue	113,258	113,169	116,309
Maintenance \| EMEA
Segment Reporting Information [Line Items]
Total revenue	19,784	23,091	22,208
Maintenance \| APAC
Segment Reporting Information [Line Items]
Total revenue	9,156	9,581	9,231
Services
Segment Reporting Information [Line Items]
Total revenue	394,096	334,799	303,569
Services \| Americas
Segment Reporting Information [Line Items]
Total revenue	295,998	256,392	232,954
Services \| EMEA
Segment Reporting Information [Line Items]
Total revenue	79,628	66,131	58,360
Services \| APAC
Segment Reporting Information [Line Items]
Total revenue	18,470	12,276	12,255
Hardware
Segment Reporting Information [Line Items]
Total revenue	29,484	23,738	16,941
Hardware \| Americas
Segment Reporting Information [Line Items]
Total revenue	29,321	23,491	16,698
Hardware \| EMEA
Segment Reporting Information [Line Items]
Total revenue	158	243	241
Hardware \| APAC
Segment Reporting Information [Line Items]
Total revenue	$ 5	$ 4	$ 2

Goodwill, Long-Lived Assets and Total Assets by Reportable Segment (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Goodwill, net	$ 62,230	$ 62,239
Long lived assets	55,367	61,400
Total assets	570,178	539,708
Americas
Segment Reporting Information [Line Items]
Goodwill, net	54,766	54,766
Long lived assets	47,591	51,246
Total assets	488,064	468,600
EMEA
Segment Reporting Information [Line Items]
Goodwill, net	5,501	5,510
Long lived assets	6,640	8,214
Total assets	65,491	54,021
APAC
Segment Reporting Information [Line Items]
Goodwill, net	1,963	1,963
Long lived assets	1,136	1,940
Total assets	$ 16,623	$ 17,087

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 852
-SubTopic 10
-Section 55
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 852
-SubTopic 10
-Section 50
-Paragraph 7
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124433192&loc=SL2890621-112765

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (bb)
-URI https://asc.fasb.org/extlink&oid=123419778&loc=d3e5710-111685

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 25
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=116870748&loc=SL6758485-165988

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(18))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

+ Details

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

SCHEDULE II - Valuation and Qualifying Accounts (Detail) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Allowance for Doubtful Accounts

Valuation and Qualifying Accounts Disclosure [Line Items]

Balance at Beginning of Period

$ 2,419

$ 3,497

$ 2,826

Additions Charged to Operations

5,416

2,471

3,451

Net Deductions

^[1]

1,826

3,549

2,780

Balance at End of Period

6,009

2,419

3,497

Deferred Tax Asset Valuation Allowance

Valuation and Qualifying Accounts Disclosure [Line Items]

Balance at Beginning of Period

4,403

3,375

2,886

Additions Charged to Operations

1,028

489

Net Deductions

^[2]

1,668

Balance at End of Period

$ 2,735

$ 4,403

$ 3,375

[1]	Represents write-offs of accounts, net of recoveries.
[2]	Represents current year releases credited to expenses and current year reductions due to decreases in net deferred tax assets.