Pay vs Performance Disclosure - USD ($)
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12 Months Ended |
Jan. 31, 2024 |
Jan. 31, 2023 |
Jan. 31, 2022 |
Pay vs Performance Disclosure |
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Pay vs Performance Disclosure, Table |
Pay Versus Performance In accordance with the requirements of Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we are providing the following information regarding the relationship between certain “compensation actually paid” (within the meaning of such SEC rules) to our NEOs and Company financial performance for fiscal years 2024, 2023, and 2022. Pay Versus Performance Fiscal
Year(1) | | | Summary
Compensation
Table Total
for
PEO(2) | | | Compensation
Actually Paid
to
PEO(3) | | | Average
Summary
Compensation
Table Total
for
Non-PEO
NEOs(4) | | | Average
Compensation
Actually Paid to
Non-PEO
NEOs(5) | | | Value of Initial Fixed
$100
Investment Based on:(6) | | | Net
Income(8)
($Millions) | | | Company
Selected
Measure:
Revenue(9)
($Millions) | | Company
Total
Shareholder
Return
(“TSR”) | | | Peer Group
TSR(7) | | 2024 | | | $16,102,875 | | | $5,635,317 | | | $7,001,428 | | | $2,305,161 | | | $26 | | | $111 | | | $(191) | | | 583.1 | 2023 | | | $8,604,296 | | | $(24,263,374) | | | $3,412,946 | | | $(11,660,082) | | | $38 | | | $72 | | | $(274) | | | 475.9 | 2022 | | | $23,513,413 | | | $54,370,865 | | | $15,636,011 | | | $27,790,904 | | | $78 | | | $93 | | | $(290) | | | 320.8 |
(1)
| The table reflects required disclosures for fiscal years 2024, 2023, and 2022. The principal executive officer (“PEO”) in these fiscal years was David McJannet. The non-PEO NEOs in fiscal 2024 were Navam Welihinda, Armon Dadgar, Susan St. Ledger, Marc Holmes, and Brandon Sweeney. The non-PEO NEOs in fiscal 2023 were Navam Welihinda, Armon Dadgar, Marc Holmes, and Brandon Sweeney. The non-PEO NEOs in fiscal 2022 were Navam Welihinda and Armon Dadgar. |
(2)
| The dollar amounts reported in this column reflect the amount of compensation reported in the “Total” column of the Summary Compensation Table for our PEO for the corresponding fiscal year. |
(3)
| The dollar amounts reported in this column reflect the “compensation actually paid” (“CAP”) to our PEO for the corresponding fiscal year. Compensation actually paid does not mean that our PEO actually received the amounts in the fiscal year shown. Rather, the dollar amounts are derived from the starting point of the compensation reported in the “Total” column of the Summary Compensation Table and adjusted pursuant to the methodology prescribed under the SEC’s rules, as shown in the following table: |
| | | PEO | Fiscal Year | | | 2024 | | | 2023 | | | 2022 | Summary Compensation Table Total Compensation | | | $16,102,875 | | | $8,604,296 | | | $23,513,413 | - Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year | | | $(15,175,417) | | | $(7,622,194) | | | $(22,800,000) | + Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year | | | $8,081,992 | | | $3,162,876 | | | $18,921,150 | + Change in Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years | | | $(2,975,978) | | | $(18,357,445) | | | $24,728,692 | + Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year | | | $2,111,074 | | | $629,702 | | | $0 | + Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years That Vested During Fiscal Year | | | $(2,509,228) | | | $(10,680,608) | | | $10,007,610 | - Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year | | | $0 | | | $0 | | | $0 | Compensation Actually Paid(i) | | | $5,635,317 | | | $(24,263,374) | | | $54,370,865 |
(i)
| The Company has not paid dividends historically and does not sponsor any pension arrangements. Accordingly, no adjustments are made for these items. |
(4)
| The dollar amounts reported in this column reflect the average of the amount of compensation reported in the “Total” column of the Summary Compensation Table for our non-PEO NEOs for the corresponding fiscal year. |
(5)
| The dollar amounts reported in this column reflect the average compensation actually paid to our non-PEO NEOs for the corresponding fiscal year. Compensation actually paid does not mean that our non-PEO NEOs actually received the amounts in the fiscal year shown. Rather, the dollar amounts are derived from the starting point of the compensation reported in the “Total” column of the Summary Compensation Table and adjusted pursuant to the methodology prescribed under the SEC’s rules, as shown in the following table: |
| | | Average for Non-PEO NEOs | Fiscal Year | | | 2024 | | | 2023 | | | 2022 | Summary Compensation Table Total Compensation | | | $7,001,428 | | | $3,412,946 | | | $15,636,011 | - Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year | | | $(6,486,152) | | | $(2,805,426) | | | $(15,200,000) | + Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year | | | $3,314,890 | | | $1,164,144 | | | $12,614,100 | + Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years | | | $(822,015) | | | $(8,237,134) | | | $10,180,652 |
| | | Average for Non-PEO NEOs | Fiscal Year | | | 2024 | | | 2023 | | | 2022 | + Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year | | | $851,632 | | | $231,754 | | | $0 | + Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year | | | $(877,374) | | | $(5,426,365) | | | $4,560,141 | - Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year | | | $(677,247) | | | $0 | | | $0 | Compensation Actually Paid(i) | | | $2,305,161 | | | $(11,660,082) | | | $27,790,904 |
(i)
| The Company has not paid dividends historically and does not sponsor any pension arrangements. Accordingly, no adjustments are made for these items. |
(6)
| Total shareholder return is calculated by assuming that an investment of $100 is made based on the closing price of a share of the Company’s Class A common stock on December 9, 2021, the day that such stock of the Company was first traded on the Nasdaq Global Select Market. |
(7)
| The peer group used is the NASDAQ Computer Index, which is the same peer group the Company uses for its stock performance graph included in our annual report pursuant to Item 201(e) of Regulation S-K. |
(8)
| The dollar amounts reported in this column reflect the Company’s net income as set forth in the Company’s audited financial statements. |
(9)
| The Company Selected Measure is the Company’s revenue as set forth in the Company’s audited financial statements. For additional information regarding this financial performance measure for fiscal 2024, see the section titled “Executive Company - Compensation Discussion and Analysis” above. |
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Company Selected Measure Name |
revenue
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Named Executive Officers, Footnote |
(1)
| The table reflects required disclosures for fiscal years 2024, 2023, and 2022. The principal executive officer (“PEO”) in these fiscal years was David McJannet. The non-PEO NEOs in fiscal 2024 were Navam Welihinda, Armon Dadgar, Susan St. Ledger, Marc Holmes, and Brandon Sweeney. The non-PEO NEOs in fiscal 2023 were Navam Welihinda, Armon Dadgar, Marc Holmes, and Brandon Sweeney. The non-PEO NEOs in fiscal 2022 were Navam Welihinda and Armon Dadgar. |
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Peer Group Issuers, Footnote |
(7)
| The peer group used is the NASDAQ Computer Index, which is the same peer group the Company uses for its stock performance graph included in our annual report pursuant to Item 201(e) of Regulation S-K. |
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PEO Total Compensation Amount |
$ 16,102,875
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$ 8,604,296
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$ 23,513,413
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PEO Actually Paid Compensation Amount |
$ 5,635,317
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(24,263,374)
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54,370,865
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Adjustment To PEO Compensation, Footnote |
(3)
| The dollar amounts reported in this column reflect the “compensation actually paid” (“CAP”) to our PEO for the corresponding fiscal year. Compensation actually paid does not mean that our PEO actually received the amounts in the fiscal year shown. Rather, the dollar amounts are derived from the starting point of the compensation reported in the “Total” column of the Summary Compensation Table and adjusted pursuant to the methodology prescribed under the SEC’s rules, as shown in the following table: |
| | | PEO | Fiscal Year | | | 2024 | | | 2023 | | | 2022 | Summary Compensation Table Total Compensation | | | $16,102,875 | | | $8,604,296 | | | $23,513,413 | - Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year | | | $(15,175,417) | | | $(7,622,194) | | | $(22,800,000) | + Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year | | | $8,081,992 | | | $3,162,876 | | | $18,921,150 | + Change in Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years | | | $(2,975,978) | | | $(18,357,445) | | | $24,728,692 | + Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year | | | $2,111,074 | | | $629,702 | | | $0 | + Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years That Vested During Fiscal Year | | | $(2,509,228) | | | $(10,680,608) | | | $10,007,610 | - Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year | | | $0 | | | $0 | | | $0 | Compensation Actually Paid(i) | | | $5,635,317 | | | $(24,263,374) | | | $54,370,865 |
(i)
| The Company has not paid dividends historically and does not sponsor any pension arrangements. Accordingly, no adjustments are made for these items. |
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Non-PEO NEO Average Total Compensation Amount |
$ 7,001,428
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3,412,946
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15,636,011
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Non-PEO NEO Average Compensation Actually Paid Amount |
$ 2,305,161
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(11,660,082)
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27,790,904
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Adjustment to Non-PEO NEO Compensation Footnote |
(5)
| The dollar amounts reported in this column reflect the average compensation actually paid to our non-PEO NEOs for the corresponding fiscal year. Compensation actually paid does not mean that our non-PEO NEOs actually received the amounts in the fiscal year shown. Rather, the dollar amounts are derived from the starting point of the compensation reported in the “Total” column of the Summary Compensation Table and adjusted pursuant to the methodology prescribed under the SEC’s rules, as shown in the following table: |
| | | Average for Non-PEO NEOs | Fiscal Year | | | 2024 | | | 2023 | | | 2022 | Summary Compensation Table Total Compensation | | | $7,001,428 | | | $3,412,946 | | | $15,636,011 | - Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year | | | $(6,486,152) | | | $(2,805,426) | | | $(15,200,000) | + Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year | | | $3,314,890 | | | $1,164,144 | | | $12,614,100 | + Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years | | | $(822,015) | | | $(8,237,134) | | | $10,180,652 |
| | | Average for Non-PEO NEOs | Fiscal Year | | | 2024 | | | 2023 | | | 2022 | + Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested During Fiscal Year | | | $851,632 | | | $231,754 | | | $0 | + Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year | | | $(877,374) | | | $(5,426,365) | | | $4,560,141 | - Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year | | | $(677,247) | | | $0 | | | $0 | Compensation Actually Paid(i) | | | $2,305,161 | | | $(11,660,082) | | | $27,790,904 |
(i)
| The Company has not paid dividends historically and does not sponsor any pension arrangements. Accordingly, no adjustments are made for these items. |
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Compensation Actually Paid vs. Total Shareholder Return |
Relationship Between CAP and TSR The graph below reflects the relationship between the CAP to the PEO and average CAP paid to the Non-PEO NEOs for fiscal years 2024, 2023, and 2022 and the TSR of the Company and NASDAQ Computer Index measured from December 9, 2021, which is the day that the Company’s Class A common stock was first traded on the Nasdaq Global Select Market.
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Compensation Actually Paid vs. Net Income |
Relationship Between CAP and Net Income (GAAP) The graph below reflects the relationship between the CAP to the PEO and average CAP paid to the Non-PEO NEOs and the Company’s GAAP net income (loss) for fiscal years 2024, 2023, and 2022.
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Compensation Actually Paid vs. Company Selected Measure |
Relationship Between CAP and Company Selected Measure The graph below reflects the relationship between the CAP to the PEO and average CAP paid to the Non-PEO NEOs and the Company’s GAAP revenue, for fiscal years 2024, 2023, and 2022.
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Total Shareholder Return Vs Peer Group |
Relationship Between CAP and TSR The graph below reflects the relationship between the CAP to the PEO and average CAP paid to the Non-PEO NEOs for fiscal years 2024, 2023, and 2022 and the TSR of the Company and NASDAQ Computer Index measured from December 9, 2021, which is the day that the Company’s Class A common stock was first traded on the Nasdaq Global Select Market.
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Tabular List, Table |
Most Important Performance Measures The tabular list below reflects the performance measures that in the Company’s assessment represent the most important Company financial and non-financial performance measures used to link the compensation actually paid to our NEOs to Company performance for fiscal 2024 (listed in no particular order of importance). Most Important Performance Measures(1) | Revenue | Cloud Revenue | Non-GAAP Earnings Per Share | Net New $100K Customers(2) |
(1)
| For additional information regarding the performance measures set forth in this table, see the section titled “Executive Company - Compensation Discussion and Analysis” above. |
(2)
| Applicable only to Mr. Sweeney under the Company’s annual cash incentive program for fiscal 2024. |
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Total Shareholder Return Amount |
$ 26
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38
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78
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Peer Group Total Shareholder Return Amount |
111
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72
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93
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Net Income (Loss) |
$ (191,000,000)
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$ (274,000,000)
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$ (290,000,000)
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Company Selected Measure Amount |
583,100,000
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475,900,000
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320,800,000
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PEO Name |
David McJannet
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David McJannet
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David McJannet
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Measure:: 1 |
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Pay vs Performance Disclosure |
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Name |
Revenue
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Measure:: 2 |
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Pay vs Performance Disclosure |
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Name |
Cloud Revenue
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Measure:: 3 |
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Pay vs Performance Disclosure |
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Name |
Non-GAAP Earnings Per Share
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Measure:: 4 |
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Pay vs Performance Disclosure |
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Name |
Net New $100K Customers
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PEO | Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year [Member] |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
$ (15,175,417)
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$ (7,622,194)
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$ (22,800,000)
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PEO | Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year [Member] |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
8,081,992
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3,162,876
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18,921,150
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PEO | Change in Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years [Member] |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
(2,975,978)
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(18,357,445)
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24,728,692
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PEO | Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year that Vested During Fiscal Year [Member] |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
2,111,074
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629,702
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0
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PEO | Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years that Vested During Fiscal Year [Member] |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
(2,509,228)
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(10,680,608)
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10,007,610
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PEO | Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years that Failed to Meet Applicable Vesting Conditions During Fiscal Year [Member] |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
0
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0
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0
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Non-PEO NEO | Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year [Member] |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
(6,486,152)
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(2,805,426)
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(15,200,000)
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Non-PEO NEO | Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year [Member] |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
3,314,890
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1,164,144
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12,614,100
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Non-PEO NEO | Change in Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years [Member] |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
(822,015)
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(8,237,134)
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10,180,652
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Non-PEO NEO | Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year that Vested During Fiscal Year [Member] |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
851,632
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231,754
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0
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Non-PEO NEO | Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years that Vested During Fiscal Year [Member] |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
(877,374)
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(5,426,365)
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4,560,141
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Non-PEO NEO | Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years that Failed to Meet Applicable Vesting Conditions During Fiscal Year [Member] |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
$ (677,247)
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$ 0
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$ 0
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