XML 60 R51.htm IDEA: XBRL DOCUMENT v3.22.2
Debt - Additional Information (Detail)
1 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2022
USD ($)
Days
$ / shares
shares
Jun. 30, 2019
USD ($)
$ / shares
shares
Jun. 30, 2022
USD ($)
$ / shares
Mar. 31, 2022
Jun. 30, 2022
USD ($)
Days
$ / shares
Dec. 31, 2021
USD ($)
Debt Instrument [Line Items]            
Accumulated deficit $ (100,394,000)   $ (100,394,000)   $ (100,394,000) $ (102,087,000)
Additional paid-in capital 687,338,000   687,338,000   687,338,000 724,226,000
Convertible senior notes, net $ 0   $ 0   $ 0 199,705,000
ASU 2020-06 [Member]            
Debt Instrument [Line Items]            
Change in Accounting Principle, Accounting Standards Update, Adopted [true false] true   true   true  
Change in Accounting Principle, Accounting Standards Update, Adoption Date Jan. 01, 2022   Jan. 01, 2022   Jan. 01, 2022  
ASU 2020-06 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]            
Debt Instrument [Line Items]            
Accumulated deficit $ 23,900,000   $ 23,900,000   $ 23,900,000  
Additional paid-in capital 50,000,000.0   50,000,000.0   50,000,000.0  
Convertible senior notes, net 26,100,000   26,100,000   $ 26,100,000  
Convertible Senior Notes Due in 2024 [Member]            
Debt Instrument [Line Items]            
Debt instrument, aggregate principal amount   $ 230,000,000.0        
Debt instrument interest rate   0.25%        
Additional principal amount of notes to underwriters   $ 30,000,000.0        
Net proceeds from issuance of costs 224,300,000 $ 221,900,000        
Debt instrument frequency of periodic payment         semi-annually  
Interest payment commencement date   Dec. 01, 2019        
Debt instrument maturity date   Jun. 01, 2024        
Debt instrument, description         The 2024 Notes bear interest at a rate of 0.25% per year, payable semi-annually in arrears on June 1 and December 1 of each year, commencing December 1, 2019.  
Debt instrument, convertible, terms of conversion feature       The 2024 Notes have an initial conversion rate of 21.5049 shares of the Company's Class A common stock per $1,000 principal amount of 2024 Notes, which is equivalent to an initial conversion price of approximately $46.50 per share of its Class A common stock.    
Debt instrument repurchased face amount 148,200,000   148,200,000   $ 148,200,000  
Repayments of notes payable     192,400,000      
Fair value expense recognized     16,600,000   16,600,000  
Debt instrument principal outstanding $ 81,800,000   $ 81,800,000   81,800,000  
Debt instrument, convertible, "if-converted value" in excess of the principal amount         $ 10,500,000  
Convertible senior notes, net           199,705,000
Convertible Senior Notes Due in 2024 [Member] | ASU 2020-06 [Member]            
Debt Instrument [Line Items]            
Change in Accounting Principle, Accounting Standards Update, Adoption Date Jan. 01, 2022   Jan. 01, 2022   Jan. 01, 2022  
Convertible Senior Notes Due in 2024 [Member] | ASU 2020-06 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]            
Debt Instrument [Line Items]            
Accumulated deficit $ 23,900,000   $ 23,900,000   $ 23,900,000  
Additional paid-in capital 50,000,000.0   50,000,000.0   50,000,000.0  
Convertible senior notes, net 26,100,000   26,100,000   $ 26,100,000  
Convertible Senior Notes Due in 2024 [Member] | Class A Common Stock [Member]            
Debt Instrument [Line Items]            
Debt conversion, converted instrument, shares issued | shares   21.5049        
Debt instrument conversion rate principal amount of notes   $ 1,000        
Debt instrument convertible initial conversion price per share of common stock | $ / shares   $ 46.50        
Convertible Senior Notes Due in 2024 [Member] | Class A Common Stock [Member] | Convertible Notes, Holders Conversion Rights, Circumstances 1 [Member]            
Debt Instrument [Line Items]            
Debt instrument, convertible, consecutive trading days | Days         30  
Debt Instrument, Redemption Price, Percentage         100.00%  
Convertible senior notes due in 2027 [Member]            
Debt Instrument [Line Items]            
Debt instrument, aggregate principal amount $ 230,000,000.0   $ 230,000,000.0   $ 230,000,000.0  
Debt instrument interest rate 1.75%   1.75%   1.75%  
Additional principal amount of notes to initial purchaser's $ 30,000,000.0   $ 30,000,000.0   $ 30,000,000.0  
Debt instrument frequency of periodic payment         semiannually  
Interest payment commencement date Dec. 15, 2022          
Debt instrument, description         The 2027 Notes mature on June 15, 2027, unless earlier repurchased, redeemed or converted. The Company may redeem for cash all or, subject to certain limitations, any portion of the 2027 Notes, at its option, on or after June 20, 2025 if the last reported sale price of Altair's Class A Common Stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period, at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. The 2027 Notes bear interest at a rate of 1.750% per year, payable semiannually in arrears on June 15 and December 15 of each year, beginning on December 15, 2022.  
Debt instrument conversion rate principal amount of notes $ 1,000   1,000   $ 1,000  
Debt instrument, convertible, terms of conversion feature         The 2027 Notes have an initial conversion rate of 13.9505 shares of the Company's Class A common stock per $1,000 principal amount of 2027 Notes, which is equivalent to an initial conversion price of approximately $71.68 per share of Class A common stock.  
Convertible senior notes, net           $ 0
Convertible senior notes due in 2027 [Member] | Class A Common Stock [Member]            
Debt Instrument [Line Items]            
Debt conversion, converted instrument, shares issued | shares 13.9505          
Debt instrument conversion rate principal amount of notes $ 1,000   $ 1,000   $ 1,000  
Debt instrument convertible initial conversion price per share of common stock | $ / shares $ 71.68   $ 71.68   $ 71.68  
Convertible senior notes due in 2027 [Member] | Class A Common Stock [Member] | Convertible Notes, Holders Conversion Rights, Circumstances 1 [Member]            
Debt Instrument [Line Items]            
Debt instrument conversion rate principal amount of notes $ 1,000   $ 1,000   $ 1,000  
Debt instrument, convertible, business days | Days 5          
Debt instrument, convertible, consecutive trading days | Days 30          
Debt instrument, convertible, maximum threshold percentage of sale price of common stock during measurement period 98.00%          
Convertible senior notes due in 2027 [Member] | Class A Common Stock [Member] | Convertible Notes, Holders Conversion Rights, Circumstances 1 [Member] | Minimum [Member]            
Debt Instrument [Line Items]            
Debt instrument, convertible, trading days | Days 20       20  
Debt instrument, convertible, threshold percentage of conversion price 130.00%       130.00%  
Convertible senior notes due in 2027 [Member] | Class A Common Stock [Member] | Convertible notes holders conversion rights under circumstances two [Member]            
Debt Instrument [Line Items]            
Debt instrument, convertible, consecutive trading days | Days 5          
Twenty Nineteen Credit Agreement            
Debt Instrument [Line Items]            
Maturity date         Dec. 15, 2025  
Credit facility $ 150,000,000.0   150,000,000.0   $ 150,000,000.0  
Increase in line of credit borrowing capacity 50,000,000.0   50,000,000.0   50,000,000.0  
Secured Credit Agreement [Member]            
Debt Instrument [Line Items]            
Loan outstanding 0   0   0  
Amount available for future borrowing $ 150,000,000.0   $ 150,000,000.0   $ 150,000,000.0