vg-20220505

0001272830-22-000082.txt : 20220506 0001272830-22-000082.hdr.sgml : 20220506 20220505073648 ACCESSION NUMBER: 0001272830-22-000082 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20220505 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20220505 DATE AS OF CHANGE: 20220505 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VONAGE HOLDINGS CORP CENTRAL INDEX KEY: 0001272830 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 113547680 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32887 FILM NUMBER: 22894103 BUSINESS ADDRESS: STREET 1: 101 CRAWFORDS CORNER ROAD STREET 2: SUITE 2416, 4TH FLOOR, BUILDING 2 CITY: HOLMDEL STATE: NJ ZIP: 07733 BUSINESS PHONE: 732-528-2600 MAIL ADDRESS: STREET 1: 101 CRAWFORDS CORNER ROAD STREET 2: SUITE 2416, 4TH FLOOR, BUILDING 2 CITY: HOLMDEL STATE: NJ ZIP: 07733 8-K 1 vg-20220505.htm 8-K vg-20220505

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

____________________________

FORM 8-K

____________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 5, 2022

____________________________

VONAGE HOLDINGS CORP.

(Exact Name of Registrant as Specified in Charter)

____________________________

Delaware

001-32887

11-3547680

(State or Other Jurisdiction
of Incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)

101 Crawfords Corner Road, Suite 2416

Holmdel

07733

(Address of Principal Executive Offices)

(Zip Code)

Registrant's telephone number, including area code: (732) 528-2600

(Former Name or Former Address, if Changed Since Last Report)

____________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.001

Nasdaq Global Select Market

Item 2.02. Results of Operations and Financial Condition

On May 5, 2022, Vonage Holdings Corp. (the “Company”) announced its financial results for the quarter ended March 31, 2022. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information in this Item 2.02 (including Exhibit 99.1) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

The Company is making references to non-GAAP financial information in both the press release and the referenced conference call. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached press release.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

See accompanying Exhibit Index for a list of the exhibits furnished with this Current Report on Form 8-K.

EXHIBIT INDEX


99.1						Earnings Release issued by Vonage Holdings Corp. on May 5, 2022

104						Cover Page Interactive Data File (the cover page XBRL tags are embedded within the iXBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

VONAGE HOLDINGS CORP.

Date:

May 5, 2022

By:

/s/ Stephen Lasher

Stephen Lasher
Chief Financial Officer
(Principal Financial Officer and Duly Authorized Officer)

EX-99.1 2 a8-kerq122exhibit991.htm EX-99.1 Document

Exhibit 99.1

Vonage Reports First Quarter 2022 Financial Results

HOLMDEL, N.J., May 5, 2022 -- Vonage Holdings Corp. (Nasdaq: VG), a global leader in cloud communications helping businesses accelerate their digital transformation, today announced results for the quarter ended March 31, 2022.

First Quarter 2022 Highlights:

•Consolidated revenue of $359 million, an increase of 8% year-over-year

▪Consumer revenue of $62 million, a decrease of 19% year-over-year

▪Vonage Communications Platform (VCP) revenue of $296 million, an increase of 16% year-over-year

◦VCP Service revenue of $284 million, an increase of 18% year-over-year

•API revenue of $162 million, an increase of 28% year-over-year

•Unified Communications & Contact Center Service revenue of $123 million, an increase of 7% year-over-year

•Consolidated Net Loss of $17 million, a decrease of $17 million from the prior year

•Consolidated Adjusted EBITDA(1) of $44 million, a decrease of $4 million from the prior year

▪VCP Adjusted EBITDA of $2 million, an increase of $4 million from the prior year

▪Consumer Adjusted EBITDA of $42 million, a decrease of $8 million from the prior year

Vonage will not host a conference call to discuss its results for the first quarter 2022 or provide financial guidance for the second quarter or full year 2022 due to the previously announced proposed acquisition of Vonage by Ericsson.

About Vonage

Vonage (Nasdaq:VG), a global cloud communications leader, helps businesses accelerate their digital transformation. Vonage's Communications Platform is fully programmable and allows for the integration of Video, Voice, Chat, Messaging and Verification into existing products, workflows and systems. Vonage's fully programmable unified communications and contact center applications are built from the Vonage platform and enable companies to transform how they communicate and operate from the office or anywhere, providing enormous flexibility and ensuring business continuity.

Vonage Holdings Corp. is headquartered in New Jersey, with offices throughout the United States, Europe, Israel and Asia. To follow Vonage on Twitter, please visit twitter.com/vonage. To become a fan on Facebook, go to facebook.com/vonage. To subscribe on YouTube, visit youtube.com/vonage.

Investor Contact: Monica Gould, 212.871.3927, ir@vonage.com

Media Contact: Jo Ann Tizzano, 732.365.1363, joann.tizzano@vonage.com

(1) This is a non-GAAP financial measure. Refer below to Table 3 for a reconciliation to GAAP net loss.

VONAGE HOLDINGS CORP.

TABLE 1. CONSOLIDATED FINANCIAL DATA

(Dollars in thousands, except per share amounts)

(unaudited)


	Three Months Ended
	March 31,		December 31,		March 31,
	2022		2021		2021
Statement of Operations Data:
Service, access and product revenues	$	344,852	$	350,167	$	314,793
USF revenues	13,976		16,138		18,107
Total revenues	358,828		366,305		332,900

Operating Expenses:
Service, access and product cost of revenues (excluding depreciation and amortization of $17,679, $16,895, and $13,647, respectively)	168,409		174,923		138,680
USF cost of revenues	13,976		16,138		18,107
Sales and marketing	78,878		80,702		81,474
Engineering and development	20,760		19,961		20,360
General and administrative	70,456		70,164		44,933
Depreciation and amortization	25,195		23,572		20,417
	377,674		385,460		323,971
(loss) Income from operations	(18,846)		(19,155)		8,929
Other Income (Expense):
Interest expense	(3,653)		(6,924)		(7,298)
Other income (expense), net	511		1,119		174
	(3,142)		(5,805)		(7,124)
(Loss) Income before income tax	(21,988)		(24,960)		1,805
Income tax benefit (expense)	4,866		2,809		(2,181)
Net loss	$	(17,122)	$	(22,151)	$	(376)
Loss per common share:
Basic and diluted	$	(0.07)	$	(0.09)	$	—

Weighted-average common shares outstanding:
Basic and diluted	254,666		252,791		249,638

VONAGE HOLDINGS CORP.

TABLE 1. CONSOLIDATED FINANCIAL DATA - (Continued)

(Dollars in thousands, except per share amounts)

(unaudited)


	Three Months Ended
	March 31,		December 31,		March 31,
	2022		2021		2021

Statement of Cash Flow Data:
Net cash provided by operating activities	$	40,871	$	25,304	$	47,318
Net cash used in investing activities	(20,417)		(20,735)		(16,480)
Net cash used in financing activities	(24,073)		(33,030)		(21,019)
Capital expenditures, acquisition of intangible assets net of proceeds on sale of intangible assets, acquisition and development of software assets	(20,417)		(13,735)		(16,480)


	March 31,		December 31,
	2022		2021

Balance Sheet Data:
Cash and cash equivalents	$	15,719	$	18,342
Restricted cash	2,172		1,967
Accounts receivable, net of allowance	145,895		147,622

Prepaid expenses and other current assets	37,728		37,388
Deferred customer acquisition costs, current and non-current	101,697		101,403
Property and equipment, net	20,155		24,334
Goodwill	612,214		615,134
Operating lease right of use assets	32,221		31,855
Software, net	110,707		106,516
Intangible assets, net	149,199		161,134
Deferred tax assets	121,996		109,087
Other assets	32,753		33,362
Total assets	$	1,382,456	$	1,388,144

Accounts payable and accrued expenses	$	232,031	$	226,497
Operating lease liabilities, current and non-current	45,021		43,056
Deferred revenue, current	53,978		61,420
Total notes payable, net and indebtedness under revolving credit facility, including current portion	130,500		130,500
Convertible senior notes, net	340,620		305,609
Other liabilities	5,006		3,341
Total liabilities	$	807,156	$	770,423
Total stockholders' equity	$	575,300	$	617,721

VONAGE HOLDINGS CORP.

TABLE 2. SUMMARY CONSOLIDATED OPERATING DATA

(Dollars in thousands, except per line amounts)

(unaudited)

The table below includes summarized income statement information that our management uses to measure the operating performance of the Vonage Communications Platform focused portion of our business:


Vonage Communications Platform	Three Months Ended
	March 31,		December 31,		March 31,
	2022		2021		2021
Statement of Operations Data:
Service, access and product revenues	$	289,662	$	292,699	$	249,040
USF revenues	6,748		7,403		6,414
Total revenues	296,410		300,102		255,454

Operating Expenses:
Service, access and product cost of revenues excluding depreciation and amortization	160,629		167,062		129,643
USF cost of revenues	6,748		7,403		6,414
Sales and marketing	77,723		77,362		77,824
Engineering and development	20,228		19,173		19,523
General and administrative	65,565		66,720		40,768
Depreciation and amortization	25,054		23,412		20,080
	355,947		361,132		294,252
Loss from operations	$	(59,537)	$	(61,030)	$	(38,798)

The table below includes revenues and cost of revenues that our management uses to measure the growth and operating performance of the Vonage Communications Platform focused portion of our business:


Vonage Communications Platform	Three Months Ended
	March 31,			December 31,			March 31,
	2022			2021			2021
Revenues:
Service revenues	$	284,198		$	286,820		$	240,442
Access and product revenues(1)	5,464			5,879			8,598
Service, access and product revenues excluding USF	289,662			292,699			249,040
USF revenues	6,748			7,403			6,414
Total revenues	$	296,410		$	300,102		$	255,454

Cost of Revenues:
Service cost of revenues(2)	$	150,427		$	158,013		$	120,017
Access and product cost of revenues(1)	10,202			9,049			9,626
Service, access and product cost of revenues excluding USF	160,629			167,062			129,643
USF cost of revenues	6,748			7,403			6,414
Total cost of revenues	$	167,377		$	174,465		$	136,057

Service margin %	47.1		%	44.9		%	50.1		%
Gross margin % excluding USF (Service, access and product margin %)	44.5		%	42.9		%	47.9		%
Gross margin %	43.5		%	41.9		%	46.7		%

(1) Includes customer premise equipment, access, and shipping and handling.

(2) Excludes depreciation and amortization of $17,538, $16,735, and $13,310 for the quarters ended March 31, 2022, December 31, 2021 and March 31, 2021, respectively.

The table below includes key operating data that our management uses to measure the growth and operating performance of the Vonage Communications Platform focused portion of our business:


Vonage Communications Platform	Three Months Ended
	March 31,			December 31,			March 31,
	2022			2021			2021
Service revenue per customer	$	677		$	678		$	582
Vonage Communications Platform service revenue churn	0.6		%	0.5		%	0.5		%

The table below includes summarized income statement information that our management uses to measure the operating performance of the Consumer focused portion of our business:


Consumer	Three Months Ended
	March 31,		December 31,		March 31,
	2022		2021		2021
Statement of Operations Data:
Service , access and product revenues	$	55,190	$	57,468	$	65,753
USF revenues	7,228		8,735		11,693
Total revenues	62,418		66,203		77,446

Operating Expenses:
Service, access and product cost of revenues excluding depreciation and amortization	7,780		7,861		9,037
USF cost of revenues	7,228		8,735		11,693
Sales and marketing	1,155		3,340		3,650
Engineering and development	532		788		837
General and administrative	4,891		3,444		4,165
Depreciation and amortization	141		160		337
	21,727		24,328		29,719
Income from operations	$	40,691	$	41,875	$	47,727

The table below includes revenues and cost of revenues that our management uses to measure the growth and operating performance of the Consumer focused portion of our business:


Consumer	Three Months Ended
	March 31,			December 31,			March 31,
	2022			2021			2021
Revenues:
Service revenues	$	55,132		$	57,405		$	65,697
Access and product revenues(1)	58			63			56
Service, access and product revenues excluding USF	55,190			57,468			65,753
USF revenues	7,228			8,735			11,693
Total revenues	$	62,418		$	66,203		$	77,446

Cost of Revenues:
Service cost of revenues(2)	$	7,228		$	7,436		$	8,513
Access and product cost of revenues(1)	552			425			524
Service, access and product cost of revenues excluding USF	7,780			7,861			9,037
USF cost of revenues	7,228			8,735			11,693
Total cost of revenues	$	15,008		$	16,596		$	20,730

Service margin %	86.9		%	87.0		%	87.0		%
Gross margin % excluding USF (Service, access and product margin %)	85.9		%	86.3		%	86.3		%
Gross margin %	76.0		%	74.9		%	73.2		%

(1) Includes customer premise equipment and shipping and handling.

(2) Excludes depreciation and amortization of $141, $160, $337 for the quarters ended March 31, 2022, December 31, 2021 and March 31, 2021, respectively.

The table below includes key operating data that our management uses to measure the growth and operating performance of the Consumer focused portion of our business:


Consumer	Three Months Ended
	March 31,			December 31,			March 31,
	2022			2021			2021
Average monthly revenues per line	$	27.23		$	27.82		$	29.05
Subscriber lines (at period end)	749,108			779,179			867,243
Customer churn	1.6		%	1.4		%	1.9		%

VONAGE HOLDINGS CORP.

TABLE 3. RECONCILIATION OF GAAP NET (LOSS) INCOME TO ADJUSTED EBITDA AND TO ADJUSTED EBITDA MINUS CAPEX

(Dollars in thousands)

(unaudited)


	Three Months Ended
	March 31,		December 31,		March 31,
	2022		2021		2021
Net loss	$	(17,122)	$	(22,151)	$	(376)
Interest expense	3,653		6,924		7,298
Income tax	(4,866)		(2,809)		2,181
Depreciation and amortization	25,195		23,572		20,417
Amortization of costs to implement cloud computing arrangements	1,175		840		896
EBITDA	8,035		6,376		30,416

Share-based expense	29,042		32,325		14,566
Acquisition related transaction and integration costs	1,744		10,120		—

Exit activities - severance and lease abandonment (1)	2,103		—		1,294
Other non-recurring items (2)	3,135		916		1,891
Adjusted EBITDA	44,059		49,737		48,167

Consumer Adjusted EBITDA	$	41,893	$	43,297	$	50,013
VCP Adjusted EBITDA	2,166		6,440		(1,846)
Adjusted EBITDA	44,059		49,737		48,167
Less:
Capital expenditures	(2,773)		(2,214)		(2,553)
Intangible assets	(21)		(62)		(62)
Acquisition and development of software assets	(17,623)		(11,459)		(13,865)
Adjusted EBITDA Minus Capex	$	23,642	$	36,002	$	31,687

(1) Exit activities - severance and lease abandonment relate to the Company's business-wide optimization and alignment project initiated in 2020 which included employee related exits and further facility exit costs executed upon as part of the overall project.

(2) Other non-recurring items principally include certain litigation charges including defense costs, acquisition related consideration accounted for as compensation, long term incentive award and other non-recurring project costs such as the review of the Consumer business.

VONAGE HOLDINGS CORP.

TABLE 4. RECONCILIATION OF GAAP NET (LOSS) INCOME TO

NET INCOME EXCLUDING ADJUSTMENTS

(Dollars in thousands, except per share amounts)

(unaudited)


	Three Months Ended
	March 31,		December 31,		March 31,
	2022		2021		2021
Net loss	$	(17,122)	$	(22,151)	$	(376)
Amortization of acquisition - related intangibles	9,483		10,823		10,794
Amortization of costs to implement cloud computing arrangements	1,175		840		896
Amortization of debt discount	—		3,402		3,261
Acquisition related transaction and integration costs	1,744		10,120		—


Exit activities - severance and lease abandonment (1)	2,103		—		1,294
Other non-recurring items (2)	3,135		916		1,891
Tax effect on adjusting items	(4,586)		(6,787)		(4,715)
Net (loss) income excluding adjustments	$	(4,068)	$	(2,837)	$	13,045
Loss per common share:
Basic and diluted	$	(0.07)	$	(0.09)	$	—

Weighted-average common shares outstanding:
Basic and diluted	254,666		252,791		249,638

(Loss) Income per common share, excluding adjustments:
Basic	$	(0.02)	$	(0.01)	$	0.05
Diluted	$	(0.02)	$	(0.01)	$	0.05
Weighted-average common shares outstanding:
Basic	254,666		252,791		249,638
Diluted	254,666		252,791		259,031

VONAGE HOLDINGS CORP.

TABLE 5. FREE CASH FLOW

(Dollars in thousands)

(unaudited)


	Three Months Ended
	March 31,		December 31,		March 31,
	2022		2021		2021
Net cash provided by operating activities	$	40,871	$	25,304	$	47,318
Less:
Capital expenditures	(2,773)		(2,214)		(2,553)
Proceeds from sale of intangible assets, net of payment for intangible assets	(21)		(62)		(62)
Acquisition and development of software assets	(17,623)		(11,459)		(13,865)
Free cash flow	$	20,454	$	11,569	$	30,838

VONAGE HOLDINGS CORP.

TABLE 6. RECONCILIATION OF INDEBTEDNESS UNDER REVOLVING CREDIT FACILITY AND CONVERTIBLE SENIOR NOTES TO NET DEBT

(Dollars in thousands)

(unaudited)


	March 31,		December 31,
	2022		2021



Notes payable and indebtedness under revolving credit facility, net of current maturities	$	130,500	$	130,500
Convertible senior notes, net	340,620		305,609
Unamortized discount on debt	4,380		3,919
Unamortized debt related costs	—		35,472
Gross debt	475,500		475,500
Less:
Unrestricted cash	15,719		18,342
Net debt	$	459,781	$	457,158

Use of Non-GAAP Financial Measures

This press release includes measures defined as non-GAAP financial measures by Regulation G adopted by the Securities and Exchange Commission, including: adjusted EBITDA, adjusted EBITDA less Capex, adjusted net income, constant currency, net debt (cash), and free cash flow.

Adjusted EBITDA

Vonage uses adjusted EBITDA as a principal indicator of the operating performance of its business.

Vonage defines adjusted EBITDA as GAAP net income (loss) before interest, tax, depreciation and amortization, share-based expense, amortization of costs to implement cloud computing arrangements, acquisition related transaction and integration costs, exit activities - severance and lease abandonment, and other non-recurring items.

Vonage believes that adjusted EBITDA permits a comparative assessment of its operating performance, relative to its performance based on its GAAP results, while isolating the effects of interest, tax, depreciation and amortization, which may vary from period to period without any correlation to underlying operating performance; of share-based expense, which is a non-cash expense that also varies from period to period; of one-time acquisition related transaction and integration costs, exit activities - severance and lease abandonment, and other non-recurring items. Exit activities - severance and lease abandonment relate to the Company's business-wide optimization and alignment project initiated in 2020 which included employee related exits and further facility exit costs executed upon as part of the overall project. Other non-recurring items principally include certain litigation charges including defense costs, acquisition related consideration accounted for as compensation, long term incentive award and other non-recurring project costs such as the review of the Consumer business. The items excluded from adjusted EBITDA are not separately evaluated for each reportable operating segment.

The Company provides information relating to its adjusted EBITDA so that investors have the same data that the Company employs in assessing its overall operations. The Company believes that trends in its adjusted EBITDA are valuable indicators of the operating performance of the Company on a consolidated basis.

The Company does not reconcile its forward-looking adjusted EBITDA to the corresponding GAAP measure of net income because stock-based compensation expense and other non-recurring items cannot be reasonably calculated or predicted at this time as they may be significantly impacted by future events, the timing and nature of which cannot be reasonably calculated or predicted at this time. Accordingly, a reconciliation is not available without unreasonable effort.

Adjusted EBITDA less Capex

Vonage uses adjusted EBITDA less Capex as an indicator of the operating performance of its business. The Company provides information relating to its adjusted EBITDA less Capex so that investors have the same data that the Company employs in assessing its overall operations. The Company believes that trends in its Adjusted EBITDA less Capex are valuable indicators of the operating performance of the Company on a consolidated basis because they provide our investors with insight into current performance and period-to-period performance.

Adjusted net income

Vonage defines adjusted net income, as GAAP net income (loss) excluding amortization of acquisition-related intangible assets, amortization of costs to implement cloud computing arrangements, acquisition related transaction and integration costs, amortization of debt discount, exit activities - severance and lease abandonment, other non-recurring items and tax effect on adjusting items.

The Company believes that excluding these items will assist investors in evaluating the Company's operating performance and in better understanding its results of operations as amortization of acquisition-related intangible assets is a non-cash item, one-time acquisition related transaction and integration costs, exit activities - severance and lease abandonment, other non-recurring items, and tax effect on adjusting items are not reflective of operating performance. Exit activities - severance and lease abandonment relate to the Company's business-wide optimization and alignment project initiated in 2020 which included employee related exits and further facility exit costs executed upon as part of the overall project. Other non-recurring items principally include certain litigation charges including defense costs, acquisition related consideration accounted for as compensation, long term incentive award and other non-recurring project costs such as the review of the Consumer business.

Constant Currency

Vonage reviews its results of operations on both an as reported and on a constant currency basis. The constant currency presentation, which is a non-GAAP measure, excludes the impact of fluctuations in foreign currency exchange rates. We believe providing constant currency information provides valuable supplemental information regarding our results of operations, consistent with how we evaluate our performance. We calculate constant currency percentages by converting our current period local currency financial results using the prior period exchange rates and comparing these adjusted amounts to our prior period reported results.

Net debt (cash)

Vonage defines net debt (cash) as indebtedness under revolving credit facility, convertible senior notes, discount on debt, and debt related costs less unrestricted cash.

Vonage uses net debt (cash) as a measure of assessing leverage, as it reflects the gross debt under the Company's credit agreements and capital leases less cash available to repay such amounts. The Company believes that net cash is also a factor that first parties consider in valuing the Company.

Free cash flow

Vonage defines free cash flow as net cash provided by operating activities minus capital expenditures, purchase of intangible assets, and acquisition and development of software assets.

Vonage considers free cash flow to be a liquidity measure that provides useful information to management about the amount of cash generated by the business that, after the acquisition of equipment and software, can be used by Vonage for debt service and strategic opportunities. Free cash flow is not a measure of cash available for discretionary expenditures since the Company has certain non-discretionary obligations such as debt service that are not deducted from the measure.

The non-GAAP financial measures used by Vonage may not be directly comparable to similarly titled measures reported by other companies due to differences in accounting policies and items excluded or included in the adjustments, which limits its usefulness as a comparative measure. These non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results.

Safe Harbor Statement

This press release contains forward-looking statements, including statements about future financial results, growth priorities or plans, revenues, adjusted EBITDA, churn, seats, lines or accounts, average revenue per customer, cost of communications services, capital expenditures, new products and related investment, and other statements that are not historical facts or information, that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. In addition, other statements in this press release that are not historical facts or information may be forward-looking statements. The forward-looking statements in this release are based on information available at the time the statements are made and/or management's belief as of that time with respect to future events and involve risks and uncertainties that could cause actual results and outcomes to be materially different. Important factors that could cause such differences include, but are not limited to: the competition we face; the expansion of competition in the cloud communications market; incremental business, regulatory, and reputational risks related to the pending Ericsson merger; timing and satisfaction of the closing conditions related to the Ericsson merger; our ability to adapt to rapid changes in the cloud communications market; realizing the expected benefits of our business optimization or other cost-savings plans; risks related to the acquisition or integration of businesses we have acquired; our ability to scale our business and grow efficiently; the nascent state of the cloud communications for business market; our ability to retain customers and attract new customers cost-effectively; developing and maintaining effective distribution channels; risks associated with sales of our services to medium-sized and enterprise customers; the effects of COVID-19 on our business; our reliance on third-party hardware and software; our dependence on third-party vendors; reliance on third parties for our 911 services; the impact of fluctuations in economic conditions, particularly on our small and medium business customers; the effects of significant foreign currency fluctuations; developing and maintaining market awareness and a strong brand; retaining senior executives and other key employees; security breaches and other compromises of information security; system disruptions or flaws in our technology and systems; our ability to comply with data privacy and related regulatory matters; unfavorable litigation or governmental investigations; our ability to obtain or maintain relevant intellectual property licenses or to protect our trademarks and internally developed software; fraudulent use of our name or services; intellectual property and other litigation that have been and may be brought against us; rapid developments in global API regulation and uncertainties relating to regulation of VoIP services; liability under anti-corruption laws or from governmental export controls or economic sanctions; risks associated with the taxation of our business; governmental regulation and taxes in our international operations; our history of net losses and ability to achieve consistent profitability in the future; our ability to fully realize the benefits of our net operating loss carry-forwards if an ownership change occurs; actions of activist shareholders; restrictions in our debt agreements that may limit our operating flexibility; our ability to obtain additional financing if required; risks associated with the settlement and conditional conversion of our Convertible Senior Notes; potential effects the capped call transactions may have on our stock in connection with our Convertible Senior Notes; certain provisions of our charter documents; and other factors that are set forth in the “Risk Factors” in our Annual Report on Form 10-K and in the Company's Quarterly Reports on Form 10-Q filed with the SEC. While the Company may elect to update forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so except as required by law, and therefore, you should not rely on these forward-looking statements as representing the Company's views as of any date subsequent to today.

(vg-f)

EX-101.SCH 3 vg-20220505.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 0001001 - Document - Cover Page Cover Page link:presentationLink link:calculationLink link:definitionLink EX-101.LAB 4 vg-20220505_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Pre-commencement Tender Offer Pre-commencement Tender Offer Amendment Flag Amendment Flag Entity Address, State or Province Entity Address, State or Province Entity Tax Identification Number Entity Tax Identification Number Title of 12(b) Security Title of 12(b) Security Entity File Number Entity File Number Written Communications Written Communications Pre-commencement Issuer Tender Offer Pre-commencement Issuer Tender Offer Trading Symbol Trading Symbol Entity Emerging Growth Company Entity Emerging Growth Company Document Period End Date Document Period End Date Soliciting Material Soliciting Material Document Type Document Type City Area Code City Area Code Entity Incorporation, State or Country Code Entity Incorporation, State or Country Code Entity Address, Address Line One Entity Address, Address Line One Entity Registrant Name Entity Registrant Name Local Phone Number Local Phone Number Entity Address, City or Town Entity Address, City or Town Cover [Abstract] Cover [Abstract] Entity Address, Postal Zip Code Entity Address, Postal Zip Code Entity Central Index Key Entity Central Index Key Security Exchange Name Security Exchange Name EX-101.PRE 5 vg-20220505_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT GRAPHIC 6 vonagelogoa05.jpg begin 644 vonagelogoa05.jpg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htm IDEA: XBRL DOCUMENT v3.22.1

Cover Page Cover Page

May 05, 2022

Cover [Abstract]

Document Type 8-K

Document Period End Date May 05, 2022

Entity Registrant Name VONAGE HOLDINGS CORP

Entity Incorporation, State or Country Code DE

Entity File Number 001-32887

Entity Tax Identification Number 11-3547680

Entity Address, Address Line One 101 Crawfords Corner Road, Suite 2416

Entity Address, City or Town Holmdel

Entity Address, State or Province NJ

Entity Address, Postal Zip Code 07733

City Area Code 732

Local Phone Number 528-2600

Written Communications false

Soliciting Material false

Pre-commencement Tender Offer false

Pre-commencement Issuer Tender Offer false

Entity Emerging Growth Company false

Title of 12(b) Security Common Stock, par value $0.001

Trading Symbol VG

Security Exchange Name NASDAQ

Entity Central Index Key 0001272830

Amendment Flag false

Cover Page Cover Page	May 05, 2022
Cover [Abstract]
Document Type	8-K
Document Period End Date	May 05, 2022
Entity Registrant Name	VONAGE HOLDINGS CORP
Entity Incorporation, State or Country Code	DE
Entity File Number	001-32887
Entity Tax Identification Number	11-3547680
Entity Address, Address Line One	101 Crawfords Corner Road, Suite 2416
Entity Address, City or Town	Holmdel
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07733
City Area Code	732
Local Phone Number	528-2600
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Stock, par value $0.001
Trading Symbol	VG
Security Exchange Name	NASDAQ
Entity Central Index Key	0001272830
Amendment Flag	false

XML 8 vg-20220505_htm.xml IDEA: XBRL DOCUMENT 0001272830 2022-05-05 2022-05-05 0001272830 false 8-K 2022-05-05 VONAGE HOLDINGS CORP DE 001-32887 11-3547680 101 Crawfords Corner Road, Suite 2416 Holmdel NJ 07733 732 528-2600 false false false false false Common Stock, par value $0.001 VG NASDAQ EXCEL 9 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 10 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 11 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 12 FilingSummary.xml IDEA: XBRL DOCUMENT 3.22.1 html 1 22 1 false 0 0 false 0 false false R1.htm 0001001 - Document - Cover Page Cover Page Sheet http://www.vonage.com/role/CoverPageCoverPage Cover Page Cover Page Cover 1 false false All Reports Book All Reports vg-20220505.htm a8-kerq122exhibit991.htm vg-20220505.xsd vg-20220505_lab.xml vg-20220505_pre.xml http://xbrl.sec.gov/dei/2021 true false JSON 14 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "vg-20220505.htm": { "axisCustom": 0, "axisStandard": 0, "contextCount": 1, "dts": { "inline": { "local": [ "vg-20220505.htm" ] }, "labelLink": { "local": [ "vg-20220505_lab.xml" ] }, "presentationLink": { "local": [ "vg-20220505_pre.xml" ] }, "schema": { "local": [ "vg-20220505.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd", "https://xbrl.sec.gov/dei/2021/dei-2021.xsd" ] } }, "elementCount": 23, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2021": 2, "total": 2 }, "keyCustom": 0, "keyStandard": 22, "memberCustom": 0, "memberStandard": 0, "nsprefix": "vg", "nsuri": "http://www.vonage.com/20220505", "report": { "R1": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "vg-20220505.htm", "contextRef": "i3db4f1555058423283ac43506fcc8e8d_D20220505-20220505", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "0001001 - Document - Cover Page Cover Page", "role": "http://www.vonage.com/role/CoverPageCoverPage", "shortName": "Cover Page Cover Page", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "vg-20220505.htm", "contextRef": "i3db4f1555058423283ac43506fcc8e8d_D20220505-20220505", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 0, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag", "terseLabel": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://www.vonage.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Area code of city", "label": "City Area Code", "terseLabel": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://www.vonage.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Cover page.", "label": "Cover [Abstract]", "terseLabel": "Cover [Abstract]" } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2021", "xbrltype": "stringItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.", "label": "Document Period End Date", "terseLabel": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://www.vonage.com/role/CoverPageCoverPage" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type", "terseLabel": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://www.vonage.com/role/CoverPageCoverPage" ], "xbrltype": "submissionTypeItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One", "terseLabel": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://www.vonage.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town", "terseLabel": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://www.vonage.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code", "terseLabel": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://www.vonage.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province", "terseLabel": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://www.vonage.com/role/CoverPageCoverPage" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key", "terseLabel": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://www.vonage.com/role/CoverPageCoverPage" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company", "terseLabel": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://www.vonage.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number", "terseLabel": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://www.vonage.com/role/CoverPageCoverPage" ], "xbrltype": "fileNumberItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code", "terseLabel": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://www.vonage.com/role/CoverPageCoverPage" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name", "terseLabel": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://www.vonage.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number", "terseLabel": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://www.vonage.com/role/CoverPageCoverPage" ], "xbrltype": "employerIdItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number", "terseLabel": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://www.vonage.com/role/CoverPageCoverPage" ], "xbrltype": "normalizedStringItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre-commencement Issuer Tender Offer", "terseLabel": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://www.vonage.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r3" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre-commencement Tender Offer", "terseLabel": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://www.vonage.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r0" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security", "terseLabel": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://www.vonage.com/role/CoverPageCoverPage" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name", "terseLabel": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://www.vonage.com/role/CoverPageCoverPage" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r4" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material", "terseLabel": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://www.vonage.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol", "terseLabel": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://www.vonage.com/role/CoverPageCoverPage" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r6" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications", "terseLabel": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2021", "presentation": [ "http://www.vonage.com/role/CoverPageCoverPage" ], "xbrltype": "booleanItemType" } }, "unitCount": 0 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12" }, "r5": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r6": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425" } }, "version": "2.1" } ZIP 15 0001272830-22-000082-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001272830-22-000082-xbrl.zip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

GRJK;4%:KQ,5;4^&P=\Y)-EJUO1RY;H=RF8BVB MXHKBJD1QEBE=D8^BN!I37 ?;NDI82.>4R&.3+2F]KH%YME4)]KI;2*1C=MNN M_EZR>F/(,JJ_]:K>&+*-L@TW7QU#-5"7=2@?*U>%O7 0Y_;5V/7L5^1@IU.V M&%MUHZH.=COM#;M,*^Q*C]TNUDKWIE2MQAJ7#UM>BKW*S6R&G;E)\%GY O*7 M9"L<5: D6[EL=739LI+LE]3*ZYIHLL&D=&JC)F6 NHTUK>9-CA4E-X*2V]CN M;I@T5I2L*%F>=1L:V-/5"O5):\=M59I=W6K..HTA+6W5V4H>I!CH &M=C5JUO7T5>3BM#=6S(@]%'HTCCQHH\.KEDC[%$6-C]3U; M58&.GJO(*)YYVZQ$4\)#Q,]D21AR(/N=;:$)U?/:=] M5N)B!_S& #QCKOC6[R;!9 M>#,.BK>+'SG>/ H(HC_ZA6SJ&S[8&GZ;IH'X4HV1 MT5\IB1,:,T0!!1X2_;HS66G" [QI,T9%N_:9WW7QGL7[X3.F;$1=#L3@:35U MY$NQC)9CPW(7$?#H>\D@%VO3#V;B]42;/$)Z+ K29/4C"YU\-*EG.+Y?6=1 MR%(NSOH12#8@[Q'GBHPC^&MZ*8/YLKFCJ>:AO0C> X%RSH9YABKLI53!BR,$ M)L:,),I)8/H!&3%Z4GQY7ZAH/Q23$ ^]SX?/N<]>%(OBA=GE"=VWM(SV<]\\ M?W-^N24NS1ECV;6VT3+MU9>UEK[RVG/#ZEK+[MH;#?O\-=M4DVUK:P];':MT M=5!)BMC1@NA8WBV^D(0KO0/=7F==F?(\C+^S?&%W@YA2]!GN&S!TP6V85W> MJD 69;:DK1-0*%%X*#>]"(,5@:WZBJM6:#XXF@N716&Z[I@NP]!*[I*H-GBKGM]6A&. 4YD+N*1IRQR=XFARP- *;A]^N-OR^ MTO*ESOX93LO8\*!3M4M2$;(\ZP9"[FR8LU>$K A9GG4;W9:V84-3M=NW.1LZ M;M,>)IFMM2S=MXEBNYW4U MPP'P=(SN?W3MC>PEU:M@L,="/5'C^^WF^O33!?KMYNK\\OK3+3J[^?JEA=:I M33[HM.].?[VZ0&8+?;TXN[D^N[RZ/+V[O+E&-Q_1I]/3+^CZX@X=7=W[K%KN/X5BE6G?-=AI? M/OXZD^T8IJIUWUEQVTJ[7]6/JSI"56ZZP:K7.6>U-M!39=F*3V337-6MSBQ3 M[5S#Y:LBXOK@J7(&<1W2@=E=N#KGD!CYE":(_1C1D"_N\ MZEW,:.*V+5TIHRHXG<%1&W>-LL54"D?[Q9&#C:YTY?4U4"S/E'W)KUC<:,B/ MZOO1K+K@(PMWVN6-+XEICI5 02@?97F6]YG3 MB)OEL!@VUKME]_\J:WC/2#*Q[90];4 A:<](TK"E.[(AJ0:*IL(^R^G<*?=N MQ!)Q6+@_' 79\>%N$*4<$,-1*DX))W%,PNQH\86\9[T--1WKSH8G42AC>D\X MZEB':7.E,+0VAKJ'V48L@6;9N[,CL^K)]B9MX\QLE[F5CS&P9F[HZ$B3B]^A M@5TS[+:QZ905? J[5<&NR7VK:J%76J57W#+>S"B(;->VE1KC-<>0EK@:$3Z^ M'9"8'O,F>UXSJUR,+M8L%8^4&TFF@4U#1?;E1I)N8;N]H6'30-NE&4%C]Z_4 MSX[&0>(T'5 S20SC$7>$>G!]R@4>>A7:1._1F][;?/>]E.;ZK(S\QKA,AA8 MU]06$[EQM)E:55C:MQ=A=*7;"%0#;;KE01/R:=.;9$!C!# YCJF;QC&OT_(3 M.F15U)K&-EJSLHZ.B?72V7_EC.X71]W2*5Z%H7UKS$Y7[:61SO\\1)#:XZ?' M4P^I.K,YR%@6UNP-FTZI4B3YT=O%CKGA-@^%7OG1V\%ZNUKHE5;_25-IMK-S MCM4D=S1):6FV$05L9U'(4MYF[P4K;NN0GVP+7__XMF4KE%MQ<=^L^GD!17(5 M(CD3&UWI=CPKDJLQR=D:UG3II%P-K)D*UTM^._ORDB%3[ZBL 2ZKBIS+C:,V MMM36>MYG^ELP+RYRWJ-<,:L%"5TRIDY"EF M^S+7#3Q*IW*.#.PXYOH>E'S!X-KCQ] MA1^)\6/;,O%/#11*A2/;EV%"PGN_ M%U!$&*--V^5_9)1OFZ>"I?M"3KM\9TZ%G$8BIP9*I,)>R?1Q,GSKMT"3-QIVQ(A MJ ;:IGIAY+FD*?KLARE#9V1$%[KUK1D(S59S8@)M>%'*7:!B$:JC]*[@([5D M,4S<+GW(Z,YA=& W13&+8I:UCC=H8TU3S**813'+&LRBXW:G;&&$Y,PBJ=7[ M+B$ G _Y43/B(X-WCU_,05]<*T:;.?7'< HN\T./ALG)<7?WQP"M<>*.L8MS MZO9+[ 8G=E3^*,#LT&'>IBX94'06#0';3_]DJ)D#B>YA/=@M_W*-] MWELA0SH&&EX\%]N-0@;$F)^$35P71#;_O1_%G"YX6T480ES%*(A@T(3&0_X. MP#% %I%'$GN"X*(E"R@(.2,[E@+MPJBEY7,QQ@JX[1_8]NOBD>&L03GKNGQ[V8DN_' MI \O/2'!(WEBLU,;^N'Q'"CF5_$<-%]8QQHPV!GOZ-H<\SA+F>?;S?7IIPOT MV\W5^>7UIUMT=O/URVJY)OD67UV+Z[E;Z!1R=1T% 8BY'031%*8SE@?"D/UP*!N<(9!0;B'3/D(M*]E;^!:4A M 7T 4OUU])NSEGZ;\Q;F@34$W052B^MI>]8K',-.6,(3@2V\!)?C:L3H2?'E M?6%)^Z&8@WCH?3YZ+N7M12M O"^[/!&5+2T3EWGD.7]S?KDE+LUY/=FUMM$R M[=67M9:^\MISP^I:R^[:&PW[_#7;5)-M:VL/6QWG<77*Y,5B+=&7?YA03T5L"L1^I ;#9])#*:^J>-U M=D7LZMRFVD#OG+ITV -+0P'P]U<4%2LJ MEF?=1Z93_BPD5?W0Q!TFPPCFDE<"1/V91.WQ.%7KCSF.K%3; M&.:;%7<,A23ID>2HAGUJB_QSNB>KU$DBY ]' 175:&X0I9XH!4H37M1#XA@4 MD;C6L WU.M8=U01/;AQUU#&QLF.H*]UARS70037R?SS:2Q 112C-LO748VO MJX E$UNE-XLI'.T;1T:[;*M5Y>O4V]=9L@$B 5^&\=T]^28[-!OAWAE8UU2^46X6K M'9=/FZX^H:*"6M/81FM6UBLUL6ZJ!+;<..KJTJ5'%8;F-&:G6S:UH"([M4YA MWY$?"/#+SSKBB01QFN]8/S8KA7UD8;M3HO)=V?M[QD\;.QU'X4=:_%C8T=6! M\#+Y8@>@ KZ/]XAOY'W+#]N+AI2?0)6?ZY>IEZ7UMR]!0&TMJ\76,@MK[4Y5 M-I>I_9&*B)?W:NR8)>P01<2*B*4C8MW$FK5A1$WM]3U0HOH ='(%EIPX/!1, MN6$49F>(;MXW/@? % 4M.4F_S-%?&[M@:I8UY*\*U_C^2ICO9GT:?7Y^]\+Y MCUN'HV5;<6G56QWM>J2UM/(68H6,0$5L\BR-$UN)1IF*V!2QJ?+P0]LN\DVX MR7'>MG/"215.K WP^_]/C8.>J>'=IPBJ&+<;J[ M/S=XC2-ZC5T<;+]?;C$XMZ#RO0.REE*\=VXRH.@L&@*Q//V3H5[*8'C&CA]] MCZ)HE/C#HMDA'TBL6PPPBJ,_^0F2?@BOS'N^(T,S-/0X\-T!/P@L2#WXF0Y' M0?1$Z;B+%87),C%:/XW%,;7R@=\7"LPC%U9!@"@ L_Y]WJ1L0.)[ MF$]V"W_OO- MDGE-26\.&QKOFOAU;8Z0G*6$].WF^O33!?KMYNK\\OK3+3J[^?IE-31EF?7= MZ:]7%\ANH8]?+R[0V>GM;^CCU%]V^3WH[F3 +>F6)JSI(F*3OSF_W!*7YHSJ M[%K;:)GVZLM:2U]Y[;EA=:UE=^V-AGW^FFVJR;:UM8>MCFNR.M3XHENMVPOW M+O%\,]X\C.N[(/>RT]D',1C+G^&^ 4,78#*LCD#* NJI*$B)8P+E1L-G$H,E M:.IXG4S].JMN%/3.J4N'/3"6%0!?G_QD8?Y* =C0#&,-V-9X^;I:_NMREL0) M6)GSKKR;@$O8@$=F'GP>0NP]H6@D D!\H_0XS*GZ";S2\J5.#5D:[CC;98;4 M>>Q28;2IE&S8V-3*=C-5E*PH63I*MAQLZAL>3Z0Z"^RV7EMF_KBB;/O3;60Y M&::"8]2 Z"M<4'I&1GY" D1_C&CH^4D:+_HP9:K"JE?6=61@QS&K?+!&[?%C MZ);"C\3XL6V9^*<&"J7"N]Z^Q!$@V&.H'T=#Q$A >;&2'R8DO/=YJ0%AC/*R MJI"*TKD1>1*U>[QR:N&N9NV>.S+*'TV@MF/M"SGM\L>?*.0T$CDU4$ 5]FA. MI\IUQ4'W]($&T4@H&= W+.HGCR3>2L-4UU;3'=PV9#+6E#$]AR =6W:ENVC5 M'4$F[K1MB1!4 VU3O:#Q1UX/*0H"^D'TN.$A3&MM!FQ4!FKW\)%:F!@:"/NR MR=:=PZ@:9]8I9FDXLX!E9+>[BED4LRAF>1$PIH8[FYX=)"NS2&KH+IQ4L,Y1 M SFR+*/E\'USBSNOQ]OE^!ZIJ0=SK&B31T@/$) FJQ]9M7ERR0RG/TML[.V^ M*1X:Q)/2ZWMZW(LI^7Y,^O#2$Q(\DBG-U79[>7=Y7-U_1](#R<]0-36YF9N;>YV6X[F;+*SV3%;7<=\E5V]FXWZTJ[>#3<+'VBRZTUH M]UO.ZK8_J4D4^:G-CN=U]-6X+JY8FSX35-L[I;9Q10OFI;4_" M,N35 ?S\JQX8O?SP+ 1K ]$>TX.#;.MV8@D4\/@IN7+/&C^GBY01#DJ1Q M=KK=-KT3U#ZE)N]3TDT-VYI6J8U*BI05*5>.E!M0EG 6A6(V(NY!0S_B!TN" MRA.:ZU7WM]6RK-2T--PVRM*S*O[==Z[+QFUMP\SP001+]0SGWT,RC& V?U,/ M@>\@CKM%48BX\?P:IF^]BP@M;'8VU)(2V73UQI&)NWI9F;)#'#7 6)F1*2!' MI@[79L\4YBL]N *>/__4,73CO;)6I,:2:6/+,92Q\HH@_A1'C$EAFFP7UI". M=BW'EMB_5_BM-WX;8!))WFJ?&+)ELM=&M6(.0-=]/;>D_H*[U/@ZPAZ2=$ MO&B49&TJ>*/06]Y:-*M4Y%6/%S_< 0GO19/=H<^8:%,Z;H J(A P H<)#''Q MZ^7=^2F>_P$%?.)G9$1_3%WC%9(P4#2D&/$FJ0D!:&;UDFY>0"ER/4?<(WV+ MLY:[,X=IM) \Z!/CG/ #SD)(GG4\.^MO40CB!J6,$\<!NX=-*H.DMWYEV!V8#$(.2!Z[WL]&4&+#-] MBZ@T%@V DPCYPU% Q1EF;A"EW)@HX$/*^9-EDFR@'H@[J%H$"[@3F*2 M]7!FP#*L.%B.7U_*#A@5AHE )-PVS2L9 0 F^ 5!7T!":<"1\CCPP>CRP4+) MQN0,1_M]ZO(W]4N26]8!?4B>T .)G[+366$>?N3Q6>7?'GV^8Q76'S[!2N-L MWC Y5#_;9'NSH#G[.UD]_Y'@0-+V@44!IA!$(.BID"@4@ MT0<2I*18!B7PUIB.@)'%CI4)YS%ZSPFA*JKU;D+F10LUCFTA/"9(%4(N$Y'S MH&)1)B?\$(0T&" ,#0@7J# N(R ,/)*0[(XICLJI7VS%SX1U1IEL3,(Y0 &% M&=:*!V?500+6JR=&638UCD6!-8ZAL87$7C21IB?*"5@0-'>E!?I!@/J5L9RF M0>=%E FJ!E:*@/DY4 !JL'+.;L=!%'T79LL<%'-9*+0. Z$CI(#0A[F/PT$V M97KUJ$O 9(7U1>[W7-U,L_Q8O3PKO,'M"/E<>YRK"0-;H =,Z)+ 33,A TPX MXKO 1!9-4!&JM;!1T"B(QYG ,P/,B8WSD)H*?88D\$#\0 MI%LH_S0NJ$& M;#F1Z/*L9:,@P73@:W6D(+,'A=B?\_2G+-SCPL)=TC7C4 &"^?>*(%ZQ$V0C MIVJU3N8/@$N;^[J"S024)RY7E<]5JT"47P(V6RWB)RP$!,0*1^O1!QT!3.*S M:B!WJ(KXR<377B[B,_*'5R: D"SHP6/87J&.\N","$2,-9+0OIOP\UQ$ MA"\%'R+ L9(7\=1^21/FK,AN MG>79+7E6LHX!D^&%/2/4@$Y *PZX7T%8'H6B.0D4EN],>B^/60CS?/$B3W0" M+R )WC2!: X>04MTIH\F 83^6,< MU\_-<'&HR\+,IAV=L?=^/C+H$ACSI'D/LOYNOF&_WP24TX$=Q6""(::/#M) M&Q>335FA%T'V1''QW"P[X(W?E\1+S>\)QWGII?E=GYH*G\Z7I$A'&VL&8)= D MT['*21@C$ ;.?>88^F-#*1-O]^/-:CG\9XV<' ?D/J:9!Y=Q8]ZU5QA+.5"% M!3F)Y@$_ ON1IUP99USZ7.B$KR>S0EF6C2,<\SR6)"[W?3"$A67#K;;"G.!B MF(NR.?-:(GR69/05C5T.OHPR?#Y;3R,JAPKK F,=%B]Q[V#0@X(UAG; M%" W^NFL$0&/@N(G67@&W!X>@.>,E#&LB/#PU]S3D"-K4M!5V,_B#0!['C_( M'IS" #Q-X:\,_!P=!?PQ3R[P.:?.^[0#%< MGZ>A()46FN65<4)A6@C."24Q/JB*F/+Y\3J$:0I#C+L;,R'6 ?=-(VXFS M#T>]('>*)C['S/2STH+-YZ7R\I5<03#PF ,2P^^)GP3P\'BHL>7&Y83P]\23(1<17BH>]OQ^GW+# MDF91^\RE%,Y@!+*V*#6F%*YN')S"$?%%NXR<%SPA2)_,% M. 7^N%9CS\.&#:(T\#@L"B[.)L"+E0M&+*SB$5>&I4 K38 ^I(TD10/.:+!B^""M,XB?!,F<_VQ%BI96*EK;LM8JB M;TF?HM](W ,2NP4G6^B3RLBUA3IH8"+ MN;W]F PR/S4S>;B_&A#NK,<\1Y]R4V>A^-D=I#$OVJ2$#Q((.XN'SC*IQY_( M;/QB#.X"@^?-@$UHC(7SDZ5KAD/0GVZAM#(]Q>,$2RVND#YRZX'KK4R:3B+) M/,0]7YTV!889S0?P!3N>[[80)CW+I/#8",'9W2+8,)9:*Z N5#@8@L#X=)PM M99SX!AGQ"6.'B=5E_@S76E]B_X'',Z;*T*\F [=HM=#D1 MS7AQ=4)S+!!-F34791NK5YKY2L] HIA$\7K^YDDUY]2K)O9/GO06T7T!N"FZ MC;G&]H3)]?-/EO,>YCNQ#'FXFWMKW*W,H,Z'XL,(K<1+9GCX%9383+5)GB+@ M#CU0IL^^9[^D86Y3"4SDR.?*+,M;$QYEFP2)!'VE"4]CLMS4A851SO=@.11F M0 (X&XI"M3#)'<R0!Y;&Q"@7P/_[W&U\0]. M5MP,!/^C[^?AS702OI]-N_"ZD]Q89* ""(\BL4RXYJ,O@]F,QQ+/9+3@;<6; M8 V/-"LE$0^ I;5T_0PXGL[.D0.P^*&*:_0FM!.2!@W2#)>G,+%(IRX MZ!L/.@VTN2F @\+]E4+Z9Q,@";A1;B)$^N2* %266@-[JYA6[C47Q#+DG K_ M\;_']W(_*HE]8)L$Q2&-)@!,_C8D9OENX208 "8,0(+S2,<4.KYZ5"H["R\ M+^PST)!<$1=3G6*V20GZV0B).W:Q MET4"IMS2R6,>Y9Q$ESP(ZV0)JW,*O$8N&H*O M.^%"G W*0_+<5S8NDD%&@2,S1,9T3 M[J[S]%TO%HHD@U+Q2!ZTS1*6_D/NHF4\^YT^C1.@^3D&J>C/+,4PTK)HP XAV5"W4$()N;]4T8.X@FV ME+?X:P$)@J!%)=F(FQ;NTXQU-)';7%,E8U2D89\\1)G[.Y50A>G<\S1M.$[R M<..JB"PLG4;4$RPN='2&$6$&/'"L<@$6\ O5Z( ([ $X2%PB7F.5BR>;VJ( MHT3DT_GR8]#[')N%OH89AYERS;!/YUFD'Y/42P,NMM(L'L?'"7EY713/T?OR MZ4P0.04(H:Z%B.U1&N8$)\RD7AREO%2-W'.KG+\U)RVA9*:B? *G]T'4@Y>= M?KDL4%'$ V--:WAV(M.94>A%0"QJZN"?7]YDUN)2$^RFG ML$S?9];HO)(7W2[&06(^$;#BXOCI.#>*85%]GAV.'D-@L8$_RJT-%+D@ /(E M938.RTIB>)B9)=D6H4$4>'0BR+-\4"&&,QW0FTE\".KD]"C,0W'+9';]@/[P ML\4]Q["%3\&]@LPWY-47?7C_M$FQF@H839*\S"[+BH;C\;+D&)LBD>G3V&\S MR2L:D&0O&44<;=PW+;2#,#S(:"228J!&](,T-2 M3//E-Q#T-0RZ*OHH0(U_.1^[]Z=KQ_RNJKV938/^=BDD%3_DC M;/J9_P8\!M,8NKTX:Z$_Q,ZYZ4 R!Q\-=\.\)/-0!I.HI$=&G MF G/C,O]+J'.,U^(N0'Q10GC='1:A$LC7AE-?[@4S'-13Y%1'(^P@NC*"ZT MQF(O*49/43H=8HQI9GIDV??G9BZ"MUFMQ6+16U;SD?F08K,&AP,/5$L.%%S MDSSRB P)O(7 U_+@T='#_7%_=4*^ B'.=[W(>X+_#9)A\.'_ U!+ P04 M" "7/*54D_B7VIH6 !&G #P '9G+3(P,C(P-3 U+FAT;>U=Z7/:RK+_ M?O^*>=SW[G&J/%C[0A+?(@83N1A(TQMK&/ M]SA520"-9GJZ>W[3RRR?_CL+?'1&X\2+PL\EOLR5T'_W/_T/QG]]Z7Q'M M!#1,T4%,24H=-/72 >HY-!DA-XX"U(OBD7=&,,[>.8C&\]@[':1(X 1A[6%< M$55>5FV+QPKA52P13<,:+XA8$UW9X6S.<0C9/:T(A-@N)XO8%JF$)5T7L24I M-E9=0>%%1[-Y5=IU*B(5%WO3Z;0\%5W7][*G M*^WAA-J7"L/W\FET=F.3O(PY#8O\LIXK+9X3#AT6]]ACBR3+;EY/&V/@LDZ' M7G PJVY)&#Q@O3YOG#WT;FC]*I.O*\R+*[W.BE=\$IY^+M$0'Q^50,"4./N? M IH2Q&K ].^)=_:Y=!"%*:@M[L['T(J=?_M<2NDLW4_?=K+*[8B9[[_R?'.4)+.??JYY'C)V"?S2AB%%)KW9A56 MD,;Y1\]Q:)A]A.<&C)S8L_/69VF'NI]+GNA8DLO+,K2E28(H:"*Q)5'F%->V M-:HYOVI+4LYI*J&0!*QIZE7J(= W/X#.Q,1OA@Z=_4GG)>0Y4+4CGLRM6G3V M7>B]^\[Z+AFXMHT>^V!*/1$EL+>'=H'];%=J,Y-VJ#H=G]$AA!Z\QI''I6 MXU@Q!<-OUX[E?FTT;2U.1D;-G$)9L=4['/6'7X)6;> ;\(;1JQ?OG$!;F<"P977_4[E87K%UC6)7,H3TS>YV@U6#U' NF8/+FB3;_WJVGK2-N!O]+ M[>Z(_Z78CNCR@HHYG2<81*)@BW(2YFU)=5U7)H++E_8Y =!!2%QG_8N"?4Q M95P%P'48Z![ZY+2$\E$.U<[2BNO-J(-=XK.1^R[TFX6^N")T(G&Z+#D:UJD. M$PO'40S?>0Q3BL79/$<5#0;U(6/O%7GO71[?,75I3 '#D@V@Q-"UDF03"F@$ MR@"^D@(4?2XE7C#V&?!EOPUBIC K^%.>)0Y4L'>YAKSUBR8+"I)H$F??,KRM M%#J8Z\5]='!9$F@^:?EX?+^LO[RY\NUSX&[D;. M\AM,"W%: T-CGQ&%@3@&R>O/SLETKBFZ?++\OFQD[Q*CEEP]9^/>"IKO >;G MP)^S\Q9;XQ=?6GVGF"P"+\0#RNRABB2457F Z5I,3RZ;*,%<5 /K8CWR?CA%:6 M'SXNYZU\-L792Q^AAE,@T8K2- HJC#PP!%//)CXFOG<:5AB;BL<%Y;I>UF21 M$9\"EU)GV7#1KW+6K[W4N?I,U\HZ=_UCKLR?/]O+ZHZ7!0H6BN.TE+T'G6*, M^EP22VO]+GH")9$331A?_LUE?SZ.B>-XX6F%0WQ6S44[>QDO-O [ZWS.!QN4 MEL:E7%C+YT!&%%>6#;B@5(#,@>?/*W]TO0" P:!3U(D"$OZQFX"Y!O*+/38%QJ]CH]FMU]!1M]JM'Z'+2O("R3VJ'QQW MFMTFT%HU:JC^U\'7JM&HHX-VJ]4\.FJVC>?L@[!5'WK5HZ]-H]%M&[NH5CXH M@SLC2_KU=%\>2'R9#:67TI=?-_SYS[]YA?MX6[?2:%R1GJA/V^G88;O30H]H M@BW=WMQ]>$Y#:W9A:/5]4_C)]0-C".5$H_$M:$&=_49G: 8GH]:B"FT?#OHU M$XRF$\GY^LWO"_Z9-8QF_>!DV*]U E. %A&7XLB*HU,5*P[//'!+Q8R#V.&(IK@*T1W9+NUK^,]U,^E\B#RH M5DAK2B%M5(KME/F9Q^@VI+^CQ&U]$K?J$\Q#G;K119WZCW:G>RMZLP[H+PBX M?TSB9$+"%*41.J(V"_3DDN!%%,6(EW><#RAR43J@+W]&A0Y,8B_UH,;ZS!Z MNT11U4X9_;PN2J]..,R_8,1WZ#B*4[2S_$X)>!@T21$]8V'3.'M,G0^5IYBN M?F1^3CWW?BY'#ASX!0?0YH"]AATRQW.@%=/P]YK?YNUNZQ>QB:HJHH@E41?@ M'YO#EL6KV(+)C>-MC>,L4MIOD3F2=[-(]OLT]T(FF=]M]A;6=6(S8Q\]XMRA MIU["D@ZI 4]^+\A@)K'X2W0=0;(T$0N\)F/)5GE,),X!XUA3"")C\@H7,S,3KY/OD@5*54^\3*!7YLBI)6P5* M[_9,%L5[O?FVB%7N$H*^+MZ\#"<+XQD+*%_5MW4%R77CZ>&<>Q+SH!G:40R> M3K8:X2@%7^,@FH1I/#^(G,N."$MBL%1.2L=Q=,;J>:4>2)[*A,^2N?@V-'I- ML=TX&1HUQS-Z=<[L]H&NT;35:/'M6FO:;EQ)98Z,X6#8"EJ\.;2E?J_%&4*3 M-[N=@1'TA^UN=6HNCB5H4S)/M.GW;G4M?TTMWI5MBHDCNUAR51:ALVQL4T1_L/P$B9M8;' ML_[07AC",=>NC6;]VFC-<(E$8UB7S%Y]WJ\=COK!,6<$\+U;GQO=P\!8M,1^ M]R<8*8>C]D;'4^? 0-<%+/!@G4A$E3#11!$[.A4%XDA@Q.A@N' \.HC)%#Q_ M)T$'41S"5-Z)B+.+CB8>S.^"Q"O_P'9_U^E5G3Z C^VX&TU?MK'I?1C>.@Q;EX>A3ES9E6$FT1S5Q9)D*S"Q MJ!1+BJ:KBD.HS5FE?>/;^PA\GP0W#<$?49(2O^^-\YS#^P"\=0 >7QZ '!4X MSB8J!DG /Z[H8DUQ%*P(NF#)MBX[(ML2IZJB>/=H%-L,^[+4=\M00J%=;!G$ MCQBPW1L3']5GU)ZDWAE%;=?U;)K\UM$6&'.(#;I_&E)YCI4N%TM;_DA02GTZ M'D0A16$60]M%('!_PD2!2$P)B,JA%;3SB)#&3/DJ-/5J0>P?+;.2?@D"KTBZ MRV-+U'0L6:X$GRC!1*2"YBH6M7FEM*^*5Y9D?B@6B#R>:+Y',-Y^,/5XQ6F/ M?R0>^1?A="+PLHAU3;.PY! %6XJK8PU8J(BVJKH"5]J7!0T+"GCZ;=KP$ MYJ"4A@[H6!JAQ LF?DI"&DT2?XX2DGJ).\_>+%Z(+.!VGN4H]H;$%ZLW)U!/ MC$@X7SYS(Q\:9^^QY3@>2R0E:.=Q%G->,"JKL>*!N>[96[ NH?0Y)8<:-*0Q M6'W-$-@XR3*1J%H6RKGDV-:.U[0J\9[;MX6RQ#_\BCQ=+HN:^LC9CH?P\:LP M7GUT''K,!$2MHWNKU&/[Q+W82P$O6&)X$A;YSN3J$CPKBGR+P.!/ 8)>I263 M>\NM[ND"VAWT@V\#LV>*1HTMV!B,C(4Q-+L=OU^K\^U&QV_7?JY[R[-VS1B8 MP6$ ?P?@67.MQ;'4;OP4@?*!T8#VNL=2OW$L&8<;\B"6:KFN(UA84 4!2[8K M8.(Z#N8Y$)TB*CRA%IMW=%62/K[6F-66ZESH''1C5>G0>&4#8V<"*"<)T7S;K5=>>+(S=!A7:7(FB,[RP8 2(_0=$"SC2YKH7HO04 B\(GA^"DZC:-I.F < M&[/P/4F00UUH(CN$(0^N^^8;GBP">!I M#G-9]KJ1=?H@[_-;Q/Y_DNRN3W]I-A$XZ@I8TUP>L-N2L$9M%>M$LFQ-$*AC MR;=B][-DK*X97IN.&7X^.'1O #BV\F8C6GI70Q26A6 M"H9-D3EEUR5X6>(N/PN:*7O6EC]GC6>W6K"!'T+?X$E,S[P$W@.$):'-!C>Q M;7:B 2O,[BYP"-O7D.5,6?WCJT?UP>2U0\[/YUL%S#)"YSIS>]Y0?)(L^G8B M6YD!<@'0^+K.9ZY2T7GHN,W MZ&5=?FQ7\%G73F^VF+OL,I+\6$D;L-$G2?(F%YINRXZ89&LQC^:!%?D[;W35 M[9;,6![.EJD&7_7 #T*SPJX/E#)<54-P".HRT#ER.Q!_4.; M8YL*S&Y]"K0*_>[AT.A^&;1Z)R/C!&B\$OO015ZV- >+$N6P1!09$\UAUWT1 MG9,=D:B24MIG$2G0VJ,TLD>[:$QB=$;\"47_RW:\\[_G^2Y/KNX%LN; ^J[K M6^CZVK%%KFH18+>#J<5K6+(<@BV%")BGDJXH@B* ^I?V3QKO^ORD\+WTN_)3 M:]I%A(ZZ/ \N'40 MA4X>';OC)1]>R,Y5J@A2QL%GBDJU0\"3>=[GXKS^7702A: 'Z&ODLW&0'4$R M+J,=%H[ZS[\UF#"><3-(SCN'VL4)9I4LO<5*9=8PBW\^9_0XXP__\0,H21A- M0IOEF$"!+F*A<:%2+(;*&/KW)#L#'.6Q5L!V>Y!+0^1S<911E^TUF?@^RFXH M+.*"XVQC+> +)0E%'LM&9^DL, 3"(HZ8!6:S33,%+5G>T(.V)W'H)0-X@;!T MU,"SO!0!6O,L"IGEF@XF<CYU,B.)A70!S&F&&I>O MGM$VY!@W90-WF5Q(D*O$$PZ[._'PIH&XVJF71//%^-QEF8J(Y8ZG'HR?9&(- MF6V5Z3]%ODPS9 O(B/%XY8)9D"A8R;A1K?Y80>&UH0]6V& #JK*)/D^8 M%=4Q>S)<<6*RLX 8O-3;EX5 MB)N\2IN*72UV>P>NRTN^J#SS$:59]C8;8*M3879]>C;=$4#+Y-PLHMZ6 M$Q4>/">JZ5#MG0(,;V$-(;-?GRQF>F/O;P(TUWTT%MQDLWXB&P,2!:!]?'8" M47[?/='PB,9_\X)04*;K?'F0 E/K!!"7N>N=RTXAV(.;'?HH\_TOKNDCZY&: M^\77[J$^]RWZAL8FSTDO8V@^1^R[^36 M,BO%0I3HKR^=[R@EH,HD!J,CL*CC%*9&82-[61&GN-QSP\+F%ZW3C[WJ>OT( MGWM=&_:\%NP_ZL)6UN53!/5O"H*_F*6+PD.D&WCNA>0;7@I7CYH-H]H][M3O M=K+7BW!Q5Z_7SB,D?T^\N'#@MPURLD*=RVN1G8D_1S:9L/7#F_ MU>L8[^D32F6%W\[-NE.M7%D4[[?\]L:%LF55?/B;+KBR)CP\K9)GB M(4P;_55:GYON'2YO83#J+\-@?'>M;I$ON!&T<@?GZC7TZ9+C_J9Z]F5^%UF] MN75]>\D>0DJ]YSXJ<.?PW2 -___\!4$L#!!0 ( )<\I50==A @'-DS57);MLP$+W[*UB=2ZUV; NQ S1!@ +N@C1! MD:Y M%!5Z%/*9K0C&4T>Z%O6+9,5"HSB,X\-3F2;#:#"D\PA?D&B(^V0TPJ,H3O H MR0=92,,L(^1CD<:$T#P<))@FT,?]\3C!\_X%Q<,\OHB2;$2C8=\9W:A4T054 M!)G$N$HW:N(MM*[3(%BOU_XZ\84L@C@,H^#IR^R'@WH-MF3\N8/>S&79XI/ M'L^)@A:^*CK@E>"D )^**K"IAH-PX"&BM63SI89;(:L;R,FRU!-OR7\M2\?Q'#[D[/ MBZ'EG1^#,Z: ^H58!1DP>W/1BZW"J&S@ M:1O]'>3MF+SI_2,MXEXID52*\IU^"FHI:I":@=J?&V=@(2&?>*L"MSW[LR1S MW\31 MZ8[UZ /0X,!/\'^&U7EH_&>2,,]>%H5FSYD%X M]]O R#&1I>Z)E\$A]\#J4D'VC4^=?%B$AMQ _D"DI*3+\GS>+JR3M$;9%KD9 MP* [@=OOO2EUBNWH3WNO4$L#!!0 ( )<\I50G 3OK?PH $E> 3 M=FU'QY^2'[] M\]W5(OBNRF56Y&].X,OP)%"Y*&267[PY^>/\5T!.?G[[XL7KOP'PY[^^G 6_ M%.+F2N55<%HJ5BD9W&;59?!-JN5?@2Z+J^!;4?Z5?6< O*W?=%INRR5[@Z[*,M65*N26I4PL2K_WM?9;(3\9]);;6M]!G%UNA^?2^,N M3S\^F]QS,SZHPPMN=#-:\NH+]3Z74WUW'[H:+?WPBI_K:U%4;#'!U^*QFX;D MA7WBS#Q:=V,#[1A,ZW[60W=#JKJK5"[5:K1LA0XR^>;$/)I+E\I/6JMRKAF*64ACP"4QE0F9*L9(1 #7,;65#&&HYM7#-WNN7;DX\LJQZ:"W5LK@IQ6.=NUIT%2]3MVRE([.<7:GE-5N_P6BU4X*5 M_+=&*1 -J<%*:U"+?3U[3&ZPKXN)W%HH';F M.HC-=J3)<.Q,H$E@=P-_Z-[G55;=OY/2?*1+LRJHU*?RQ+<'A?VO<%_8/BJQ$UI(D/$ MS[-JH>8QD9+Q)#(3@I !# 4&E L.(IP('$:0IDGD.A8\#7YL^->B@D('$/V# M_S/8R'6G?LN]_:"/\>3 ;/O:X85T7]Z#*-X*-AFX?6DT6>UM,[1N_YHMU+J2 MQ#%.5 @)X#+! (M( XY%#*3A4NF0D2@2?J7Z,?BQX;FN-5;@P'K<,,ZU! ^S M8YJJZ^+$@#J[G?*(TMH(-G$UW4YCNX!VM/&'\IN!NU*YW2V[R=>%>#DG*50Z MBLU*6MF%-3$UD\8$ 646VHB;NDFY=B6SLX=CPW,M,FBK=$>TV\;]G(XVY\"P M>OKB!>S.W =1VQUQ,G1W)M3D=W=#?XB?;'=_6"YO5-D\0D$HDC*5!!"%$H"Q M%H @HD!(842EC*5.G2?"^SH[-K2WSEU6BI_GG&K;:N_3JE$&3GUFY>/=F*.K M7E.>XP!K._B/.L;J37/'85;_>_P'CO.2V>N[OMY?\6(Q3S25BE()0JXDP"F7 M@%!BULPLA$P0*B&)74>)5N1C&Q+6XH*5.G?XVW;M)WVP"8=>'+OE[P5P9ZZ# M:&U'F@S-S@2:''8W&+H.?G^ER@L3[K>RN*TN#>#7++^?:T$I"@D# FH*L,0A MX)0E@)O%<1K%,D'(\T2KLY]C W*])MQH#59B@[5:WY5RM[6NB^;1ADVS?O;U M:L!:>J<3(Y;5W7$G7F'O3&Y[L;V[N?\@L+EZ^N&2P5]8I>8<(R$C@0%*[25D MA!CR-3?K[CC!6*:*)MKYHI+.'HX-_(>+R%\V MSG@!OC/[06AW1YP,ZIT)-7'>W7# H5.QR$16F:'A=Q.HS-ABCI40D:4XC%,- ML-#V)@:D31&/4:0)U3J!SL=.6^&/#>%'A<%&HL>AT[9[#L=.HSPY,+<^=O@= M.O5F/>S8:3O<= =/O:FTCI[Z6PVOM^?FK7-,(X(DIP;0. &8QQ(P16* -"%1 M2HE$$?4MLS;PL:'Y4$.L./^26GOE7DE]'9BJ@.Y,?E#5;&8ZJEC6@2:OD4WY M7:6Q];H_:J?VHJ]2L=-"FADMER(F3(!8I&9!B^V,%J8T38# M'QMJI_7UA49<8-6YL]8R:S]K0RTX,&N.V7O!UI7J(-A:@2:#K4M^$[;.UX=N M)GW(15%>%V5]DE1?:7E:W.15>5]_K3".(>0\ JF]&A*G(@8LU/86I9BF$$.4 MIL[ESJ&_8T-SO6'2TMRX!'BMW)-;%]]==YR>S!%1M\RH?>=]$RUG74&&G7-&.%OU/#;[CHPS"$7)EUL\0Q!Y@R"7A$() T MQHI@*!'VG$BT.SA2W!]%!E:E+^1/3'3E>[@UTZ#MZLH H+M3'\'RDX 38]R= MSC;!/>W\X;4_*;/X?%GDFPN&:2)"IHD A&@#;BHU8(Q2H!!*XS@42+@7ZZ?! MCPW:6E]0"_2^TGK+N/VPCK'CP*!Z..$%:5_*@P#="C89G'UI-,'L;3-R*FU7 M_Y_*\^(VGR-)0H*1!"PB&N $FZ(:(K-$)R+E7(021LY77?7T<6R(/IT]FY&.#N187_'>]\MPQPVOX?:<.C=;U<'_/:_N[(=M@'>BC3=#GA7 JTM\,X&(ROKYV)9 ML<5_LNMZ"U8DFH>)D"!2 MH[@ D@4E.@$\0T9 A"Y4QA?S?'AN33ZK$2&QBU M@W:Y.YWUK+*#_9JXT+I:-;S6=CHQOMRVP_Z8BMN96F_1[6X]%/]3E9MQ9/$A ME^KNW^I^KA*LTQ2F "**S9(W#8'Y!F!["R,/0Q:S6#C_&E]G#T<*_5IE4,L, MC$Y?VI\:Z0KZ"'NF8=S=F0%P]V0_@NNG$2=&NB>A;9K[&@[__8[W=^+2?'ZJ MWB[%84S2A"0@3;$]LDXI(#$EII:3$$M%A4R=.>[JX-@PWF@,-B(]]YP[3=S/ M\%AK#HRPIRN#?LVC*_51O^C1"CCYKWITI=/URQZ=[?K@;3I^9AZ]?;%Y)EO] M]OC;%_\'4$L#!!0 ( )<\I50(7-N:J@8 /TP 3 =FO6QKVR6[!4J!5[(40)19L!0[R,NAS M1)A#"CW4]>VW2$F.+F\(D<#0+W.0/5U=__I-L;K(=S_?K,O954B;HJ[VYV0W MF\]"Y6I?5*O]^1]G'T#-?S[8V7GW+X ___/I9/9+[2[7H6IF1RF8)OC9==&< MS[[XL/DZBZE>S[[4Z6MQ90 .NA\=U1>WJ5B=-S.:4?K\;-IC.1&YLP2D(3EP MHQ0H0ADH%H7/7.:],?]>[5%C7,P$ \<"!ZXU \NE@SQ229A7CN2\F[0LJJ][ M[8LUFS!#YZI-]W5_?MXT%WN+Q?7U]>Z-3>5NG58+FF5L\3!Z?C_\YL7X:]:- M)EKK17?VV]!-\=I G)8L_OSMY+,[#VL#1;5I3.5: YMB;],=/*F=:3K-_W%= ML^^.:+_!PS!H#P&AP,CNS<;/#W9FLSLY4EV&3R'.VO<_/AT_,7E55V85=EV] M7K2G%T.!^JM;ZH)6%FR94/MPY_F"LK-V3064K>YT>?ED:&\KN MZ-*'8MG-?&@W33*N67H5N9*2@:%"(9K:@,X= 15B)J.(N3#FJ1#MZC>X_"Y* MF^!V5_75 B?&:%'2?FAUZJ+STPMS=Q*];=T/?\HS'+O,ME?_AUFU[&B%53CZ#<75APN?,9>AU#2L&?W$7EN\YUGC68:T,WJ$_XSZXR7SLFK2[5'MT1V;,67S'!PQJ W5*$ND M&LNNP#4A6G!F1P#C_RZB%R=\ZIR,I_,DL/E0E.'WR[4-:9E+2XF0$2@-&G@, M!+3)M2IB<;$!L^, MCQ0RB_!RDQ,P2EL$.FAOB??:AA%0^([Y7ES(J7,QAK:3@.30>PS!YOX-=V^! MH!/..,\X1*R)D'1/06560*34>!^UIS(? 9!73/>"(Y\Z'$,UG1(81_CQ8SJK MKZNEE1KAU@JD[]@FZ +#!"B4C,[CM3&8,>K/%X9[0:%^$"C>J.>4D.CJHH_I M--571>7"4@?)1?06&,E"V_ 38 E5P%3.A5?Q457-@L1I%'2 6."H!>8!!6E' *S3'FNHQ9^/#Z>V.[7S,I^$#S> M+NN6X6B3WF$*IELWY]Z%7'L@=W6T\:!\=!"Q=.*$8M3SC(EO39Q M6!/B5;/]0)AP#W.XF%NFX7-=%JYHBFKU&Q8XJ3#ETE*DEBH#S*L;RY >^])2 M+1G%79"(&3!,:E J.LT\48+%$;:;KQKO!\GD&YC# MA=UVP1'<)19-MX3:LZ(IPU([1I2C%JBU%+C-!9;.FD+N,M_Z96E0P\J-9Q;[ MD3#AKN4@";<<_K-DVL<=/]^N;5TN*9'H.M<0O<9"F7GDUD4LE*+-/!%:"#(L M(3PQUR_P$^Y(OEV\B?SIW]^XHAQ>:&<84.",])BTL?RQOG_<(.&VXV I)U$?'*%6R93'6.+<_!INEUI(EW%&H;T5"QQA M!AT=AQ;P3"D4RY(1*H-G9OO!,.$6Y' QMTS#(=:[OJUY/Y1FM;18JRB,&G@I M(_!@!1C%(^!%C'&JA5)AV".53\SUB_Z$NY!O%V^TJ+];O!#O! \<[-R?:%_: MY^4/=OX'4$L! A0#% @ ESRE5&HQ/D582P >LL% !@ M ( ! &$X+6ME&AI8FET.3DQ+FAT;5!+ 0(4 Q0 ( )<\ MI523^)?:FA8 $:< / " 8Y+ !V9RTR,#(R,#4P-2YH M=&U02P$"% ,4 " "7/*54'780('," ",!P #P @ %5 M8@ =F'-D4$L! A0#% @ ESRE5"