XML 75 R61.htm IDEA: XBRL DOCUMENT v3.22.4
Debt - Additional Information (Detail)
1 Months Ended 12 Months Ended
Dec. 31, 2022
USD ($)
Days
$ / shares
Jun. 30, 2022
USD ($)
Jun. 30, 2019
USD ($)
$ / shares
shares
Dec. 31, 2022
USD ($)
Days
$ / shares
shares
Nov. 07, 2022
USD ($)
Dec. 31, 2021
USD ($)
Debt Instrument [Line Items]            
Accumulated deficit $ (121,577,000)     $ (121,577,000)   $ (102,087,000)
Additional paid-in capital 721,307,000     721,307,000   724,226,000
Convertible senior notes, net $ 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    
Change in Accounting Principle, Accounting Standards Update, Adoption Date 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    
Additional paid-in capital 50,000,000.0     50,000,000.0    
Convertible senior notes, net 26,100,000     26,100,000    
Overdraft and Line of Credit [Member]            
Debt Instrument [Line Items]            
Loan outstanding 0     0   0
Amount available under secured credit agreement $ 3,100,000     $ 3,100,000   3,300,000
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%   0.25% 0.25%    
Additional principal amount of notes to underwriters     $ 30,000,000.0      
Net proceeds from issuance of costs     $ 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 interest rate is fixed at 0.25% per year, payable semi-annually in arrears on June 1 and December 1 of each year, which commenced on December 1, 2019.    
Debt instrument conversion rate principal amount of notes $ 1,000     $ 1,000    
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    
Repayments of notes payable       192,400,000    
Fair value expense recognized       16,600,000    
Debt instrument principal outstanding $ 81,800,000     $ 81,800,000    
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    
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    
Additional paid-in capital 50,000,000.0     50,000,000.0    
Convertible senior notes, net 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 conversion rate principal amount of notes $ 1,000     $ 1,000    
Debt instrument, convertible, business days | Days 5          
Debt instrument, convertible, consecutive trading days | Days 30     30    
Debt instrument, convertible, maximum threshold percentage of sale price of common stock during measurement period 98.00%          
Debt Instrument, Redemption Price, Percentage       100.00%    
Convertible Senior Notes Due in 2024 [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          
Debt instrument, convertible, threshold percentage of conversion price 130.00%          
Convertible Senior Notes Due in 2024 [Member] | Class A Common Stock [Member] | Convertible Notes, Holders Conversion Rights, Circumstances 2 [Member]            
Debt Instrument [Line Items]            
Debt instrument, convertible, consecutive trading days | Days 5          
Convertible senior notes due in 2027 [Member]            
Debt Instrument [Line Items]            
Debt instrument, aggregate principal amount   $ 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        
Net proceeds from issuance of costs   $ 224,300,000        
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, which commenced on December 15, 2022.    
Debt instrument conversion rate principal amount of notes $ 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
Increase in line of credit borrowing capacity         $ 50,000,000.0  
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    
Debt instrument convertible initial conversion price per share of common stock | $ / shares $ 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    
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, Circumstances 2 [Member]            
Debt Instrument [Line Items]            
Debt instrument, convertible, consecutive trading days | Days 5          
Twenty Nineteen Credit Agreement            
Debt Instrument [Line Items]            
Maturity date       Dec. 31, 2025    
Credit facility $ 200,000,000.0     $ 200,000,000.0    
Increase in unrestricted domestic cash       $ 20,000,000.0    
Twenty Nineteen Credit Agreement | Federal Funds Effective Swap Rate [Member]            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate       0.50%    
Twenty Nineteen Credit Agreement | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate       1.00%    
Twenty Nineteen Credit Agreement | Minimum [Member]            
Debt Instrument [Line Items]            
Commitment fees on unused portion of the Revolving Credit Facility       0.15%    
Twenty Nineteen Credit Agreement | Minimum [Member] | Term Benchmark Loans [Member]            
Debt Instrument [Line Items]            
Applicable margin for borrowings under new credit facility 1.25%     1.25%    
Twenty Nineteen Credit Agreement | Minimum [Member] | Swingline Loans [Member]            
Debt Instrument [Line Items]            
Applicable margin for borrowings under new credit facility 0.25%     0.25%    
Twenty Nineteen Credit Agreement | Minimum [Member] | ABR Loans [Member]            
Debt Instrument [Line Items]            
Applicable margin for borrowings under new credit facility 0.25%     0.25%    
Twenty Nineteen Credit Agreement | Maximum [Member]            
Debt Instrument [Line Items]            
Commitment fees on unused portion of the Revolving Credit Facility       0.30%    
Senior secured leverage ratio       3.00%    
Twenty Nineteen Credit Agreement | Maximum [Member] | Term Benchmark Loans [Member]            
Debt Instrument [Line Items]            
Applicable margin for borrowings under new credit facility 2.00%     2.00%    
Twenty Nineteen Credit Agreement | Maximum [Member] | Swingline Loans [Member]            
Debt Instrument [Line Items]            
Applicable margin for borrowings under new credit facility 1.00%     1.00%    
Twenty Nineteen Credit Agreement | Maximum [Member] | ABR Loans [Member]            
Debt Instrument [Line Items]            
Applicable margin for borrowings under new credit facility 1.00%     1.00%    
Secured Credit Agreement [Member]            
Debt Instrument [Line Items]            
Loan outstanding $ 0     $ 0