Pay vs Performance Disclosure - USD ($)
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2 Months Ended |
5 Months Ended |
7 Months Ended |
12 Months Ended |
Jun. 29, 2025 |
Nov. 30, 2024 |
May 31, 2025 |
Jun. 28, 2026 |
Jun. 29, 2025 |
Jun. 30, 2024 |
Jun. 25, 2023 |
Jun. 26, 2022 |
| Pay vs Performance Disclosure |
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| Pay vs Performance Disclosure, Table |
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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year | | Summary Compen-sation Table Total for PEO 1 ($) (1) | | Summary Compen-sation Table Total for PEO 2 ($) (1) | | Summary Compen-sation Table Total for PEO 3 ($) (1) | | Compen-sation Actually Paid to PEO 1 ($)
(1) (2) (3) | | Compen-sation Actually Paid to PEO 2 ($)
(1) (2) (3) | | Compen-sation Actually Paid to PEO 3 ($)
(1) (2) (3) | | Average Summary Compen-
sation
Table
Total for
Non-PEO NEOs ($) (1) | | Average Compen-
sation Actually
Paid to
Non-PEO NEOs ($)
(1) (2) (3) | | Value of Initial Fixed $100 Investment based on: (4) | | Net
Income
($
Millions) | | Revenue
($
Millions)
(5) | | | | | | | | | | TSR
($) | | Peer Group TSR
($) | | | | (a) | | (b) | | (b) | | (b) | | (c) | | (c) | | (c) | | (d) | | (e) | | (f) | | (g) | | (h) | | (i) | | 2026 | | — | | | — | | | $ | 13,040,937 | | | — | | | — | | | $ | 20,853,146 | | | $ | 3,345,482 | | | $ | 5,380,501 | | | $ | 208.01 | | | $ | 210.04 | | | $ | 4.4 | | $ | 665.0 | | | 2025 | | $ | 8,498,571 | | | $ | 1,996,215 | | | $ | 650,000 | | | $ | (2,242,723) | | | $ | 1,227,774 | | | $ | 650,000 | | | $ | 1,400,045 | | | $ | (158,386) | | | N/A | | N/A | | $ | (1,609.2) | | $ | 757.6 | | | 2024 | | $ | 11,399,724 | | | — | | | — | | | $ | (1,116,224) | | | — | | | — | | | $ | 4,833,000 | | | $ | (288,099) | | | N/A | | N/A | | $ | (864.2) | | $ | 807.2 | | | 2023 | | $ | 12,477,839 | | | — | | | — | | | $ | 7,947,159 | | | — | | | — | | | $ | 5,275,059 | | | $ | 1,625,479 | | | N/A | | N/A | | $ | (329.9) | | $ | 758.5 | | 2022 | | $ | 9,282,016 | | | — | | | — | | | $ | (2,027,399) | | | — | | | — | | | $ | 2,702,433 | | | $ | (818,332) | | | N/A | | N/A | | $ | (200.9) | | $ | 572.1 |
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| Company Selected Measure Name |
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Revenue
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| Named Executive Officers, Footnote |
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Gregg A. Lowe served as PEO from 2021 to November 2024 (“PEO 1”). Thomas H. Werner served as PEO from November 2024 until May 2025 (“PEO 2”). Robert A. Feurle served as PEO since May 2025 (“PEO 3”). Neill P. Reynolds was our only Non-PEO NEO from 2021 through 2024. Neill P. Reynolds, Kevin Speirits, and David T. Emerson, Ph.D. were our Non-PEO NEOs during 2025. Bradley D. Kohn, Kevin Speirits, and David T. Emerson, Ph.D. were our Non-PEO NEOs during fiscal 2026.
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| Peer Group Issuers, Footnote |
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The Peer Group TSR set forth in this table utilizes the Philadelphia Semiconductor Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the fiscal year ended June 28, 2026. The comparison assumes $100 was invested for the period starting September 29, 2025 (the first day of trading on the NYSE following our emergence from a voluntary Chapter 11 re-structuring plan and re-listing on the NYSE), through the end of the listed year in the Company and in the Philadelphia Semiconductor Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
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| Adjustment To PEO Compensation, Footnote |
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Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the amounts from the Stock Awards column set forth in the Summary Compensation Table. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year | | Summary Compensation Table Total for PEO 3
($) | | Exclusion of Stock Awards for PEO 3
($) | | Inclusion of Equity Values for PEO 3
($) | | Compensation Actually Paid to PEO 3
($) | | | 2026 | | $ | 13,040,937 | | | $ | (11,473,629) | | | $ | 19,285,838 | | | $ | 20,853,146 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year | | Average Summary Compensation Table Total for Non-PEO NEOs
($) | | Average Exclusion of Stock Awards for Non-PEO NEOs
($) | | Average Inclusion of Equity Values for Non-PEO NEOs
($) | | Average Compensation Actually Paid to Non-PEO NEOs
($) | | | 2026 | | $ | 3,345,482 | | | $ | (2,792,241) | | | $ | 4,827,260 | | | $ | 5,380,501 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year | | Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for PEO 3
($) | | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for PEO 3
($) | | Vesting Date Fair Value of Equity Awards Granted During Year that Vested During Year for PEO 3
($) | | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for PEO 3
($) | | Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for PEO 3
($) | | Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for PEO 3
($) | | Total - Inclusion of Equity Values for PEO 3
($) | | | 2026 | | $ | 16,536,227 | | | — | | | $ | 2,749,611 | | | — | | | — | | | — | | | $ | 19,285,838 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year | | Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs
($) | | Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs
($) | | Average Vesting Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs
($) | | Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs
($) | | Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs
($) | | Average Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for Non-PEO NEOs
($) | | Total - Average Inclusion of Equity Values for Non-PEO NEOs
($) | | | 2026 | | $ | 4,550,354 | | | — | | | $ | 274,965 | | | $ | 2,987 | | | $ | (1,046) | | | — | | | $ | 4,827,260 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| Non-PEO NEO Average Total Compensation Amount |
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$ 3,345,482
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$ 1,400,045
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$ 4,833,000
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$ 5,275,059
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$ 2,702,433
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| Non-PEO NEO Average Compensation Actually Paid Amount |
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$ 5,380,501
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(158,386)
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(288,099)
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1,625,479
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(818,332)
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| Adjustment to Non-PEO NEO Compensation Footnote |
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Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the amounts from the Stock Awards column set forth in the Summary Compensation Table. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year | | Summary Compensation Table Total for PEO 3
($) | | Exclusion of Stock Awards for PEO 3
($) | | Inclusion of Equity Values for PEO 3
($) | | Compensation Actually Paid to PEO 3
($) | | | 2026 | | $ | 13,040,937 | | | $ | (11,473,629) | | | $ | 19,285,838 | | | $ | 20,853,146 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year | | Average Summary Compensation Table Total for Non-PEO NEOs
($) | | Average Exclusion of Stock Awards for Non-PEO NEOs
($) | | Average Inclusion of Equity Values for Non-PEO NEOs
($) | | Average Compensation Actually Paid to Non-PEO NEOs
($) | | | 2026 | | $ | 3,345,482 | | | $ | (2,792,241) | | | $ | 4,827,260 | | | $ | 5,380,501 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year | | Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for PEO 3
($) | | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for PEO 3
($) | | Vesting Date Fair Value of Equity Awards Granted During Year that Vested During Year for PEO 3
($) | | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for PEO 3
($) | | Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for PEO 3
($) | | Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for PEO 3
($) | | Total - Inclusion of Equity Values for PEO 3
($) | | | 2026 | | $ | 16,536,227 | | | — | | | $ | 2,749,611 | | | — | | | — | | | — | | | $ | 19,285,838 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year | | Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs
($) | | Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs
($) | | Average Vesting Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs
($) | | Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs
($) | | Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs
($) | | Average Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for Non-PEO NEOs
($) | | Total - Average Inclusion of Equity Values for Non-PEO NEOs
($) | | | 2026 | | $ | 4,550,354 | | | — | | | $ | 274,965 | | | $ | 2,987 | | | $ | (1,046) | | | — | | | $ | 4,827,260 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| Compensation Actually Paid vs. Total Shareholder Return |
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Relationship Between PEOs and Non-PEO NEO Compensation Actually Paid and Total Shareholder Return (“TSR”) The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, the cumulative TSR over the five most recently completed fiscal years for the Company, and the Philadelphia Semiconductor Index TSR over the same period.
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| Compensation Actually Paid vs. Net Income |
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Relationship Between PEOs and Non-PEO NEO Compensation Actually Paid and Net Income The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Net Income during the five most recently completed fiscal years.
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| Compensation Actually Paid vs. Company Selected Measure |
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Relationship Between PEOs and Non-PEO NEO Compensation Actually Paid and Revenue The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Revenue during the five most recently completed fiscal years.
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| Total Shareholder Return Vs Peer Group |
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Relationship Between PEOs and Non-PEO NEO Compensation Actually Paid and Total Shareholder Return (“TSR”) The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, the cumulative TSR over the five most recently completed fiscal years for the Company, and the Philadelphia Semiconductor Index TSR over the same period.
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| Tabular List, Table |
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| | | | | Revenue | | Non-GAAP Gross Margin | | Adjusted EBITDA | | Relative TSR | |
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| Total Shareholder Return Amount |
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$ 208.01
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| Peer Group Total Shareholder Return Amount |
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210.04
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| Net Income (Loss) |
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$ 4,400,000
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$ (1,609,200,000)
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$ (864,200,000)
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$ (329,900,000)
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$ (200,900,000)
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| Company Selected Measure Amount |
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665,000,000.0
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757,600,000
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807,200,000
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758,500,000
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572,100,000
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| Additional 402(v) Disclosure |
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The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.We determined Revenue to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEOs and Non-PEO NEOs in fiscal 2026. This performance measure may not have been the most important financial performance measure for prior years and we may determine a different financial performance measure to be the most important financial performance measure in future years. For fiscal 2026, Revenue as reported is calculated by combining revenue for the Predecessor period of June 30, 2025 to September 29, 2025 and the Successor period of September 30, 2025 to June 28, 2026. Because the revenue measure used for purposes of this Pay Versus Performance disclosure for fiscal 2026 reflects amounts that combine, aggregate, or otherwise present Successor and Predecessor period results on a basis that differs from revenue as reported in the Company’s financial statements prepared in accordance with U.S. GAAP, this measure is a non-GAAP financial measure.
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| Measure:: 1 |
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| Pay vs Performance Disclosure |
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Revenue
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| Measure:: 2 |
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| Pay vs Performance Disclosure |
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| Name |
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Non-GAAP Gross Margin
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| Measure:: 3 |
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| Pay vs Performance Disclosure |
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Adjusted EBITDA
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| Measure:: 4 |
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| Pay vs Performance Disclosure |
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| Name |
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Relative TSR
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| Robert A. Feurle [Member] |
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| Pay vs Performance Disclosure |
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| PEO Total Compensation Amount |
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$ 13,040,937
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$ 650,000
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| PEO Actually Paid Compensation Amount |
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$ 20,853,146
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650,000
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| PEO Name |
Robert A. Feurle
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Robert A. Feurle
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| Gregg A. Lowe [Member] |
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| Pay vs Performance Disclosure |
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| PEO Total Compensation Amount |
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8,498,571
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$ 11,399,724
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$ 12,477,839
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$ 9,282,016
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| PEO Actually Paid Compensation Amount |
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(2,242,723)
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$ (1,116,224)
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$ 7,947,159
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$ (2,027,399)
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| PEO Name |
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Gregg A. Lowe
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Gregg A. Lowe
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Gregg A. Lowe
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Gregg A. Lowe
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| Thomas H. Werner [Member] |
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| Pay vs Performance Disclosure |
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| PEO Total Compensation Amount |
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1,996,215
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| PEO Actually Paid Compensation Amount |
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$ 1,227,774
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| PEO Name |
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Thomas H. Werner
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| PEO | Robert A. Feurle [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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$ (11,473,629)
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| PEO | Robert A. Feurle [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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19,285,838
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| PEO | Robert A. Feurle [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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16,536,227
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| PEO | Robert A. Feurle [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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0
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| PEO | Robert A. Feurle [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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2,749,611
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| PEO | Robert A. Feurle [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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0
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| PEO | Robert A. Feurle [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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0
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| PEO | Robert A. Feurle [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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0
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| Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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(2,792,241)
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| Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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4,827,260
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| Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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4,550,354
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| Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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0
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| Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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274,965
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| Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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2,987
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| Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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(1,046)
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| Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year |
|
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
|
|
$ 0
|
|
|
|
|
