Altair Engineering (Altair Engineering) Buildings And Improvements

: $17.5 Mil (As of Dec. 2023)

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Altair Engineering's quarterly buildings and improvements declined from Jun. 2023 ($17.9 Mil) to Sep. 2023 ($17.4 Mil) but then increased from Sep. 2023 ($17.4 Mil) to Dec. 2023 ($17.5 Mil).

Altair Engineering's annual buildings and improvements declined from Dec. 2021 ($18.4 Mil) to Dec. 2022 ($17.0 Mil) but then increased from Dec. 2022 ($17.0 Mil) to Dec. 2023 ($17.5 Mil).

Altair Engineering Buildings And Improvements Historical Data

The historical data trend for Altair Engineering's Buildings And Improvements can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Altair Engineering Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Buildings And Improvements

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15.51

15.63

18.36

17.00

17.53

Altair Engineering Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Buildings And Improvements	Get a 7-Day Free Trial															17.00	17.92	17.94	17.44	17.53

Altair Engineering Buildings And Improvements Calculation

Buildings are typically valued at the time of acquisition or construction. Broker and architect fees, permits, etc. can be covered within this category. Building components, such as a roof, are normally recorded separately in an asset register since the value and useful lives of these components equal much less than the building itself.

Building improvements that extend the useful life of a building will fall into the category of “building improvements” and should be capitalized. Improvements are commonly recorded at acquisition cost. Building improvement examples include roofing, remodeling, replacements, etc.

Altair Engineering (Altair Engineering) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Altair Engineering Inc (NAS:ALTR) » Definitions » Buildings And Improvements

Comparable Companies

DLO TENB RELY AFRM S WIX INFA TDC QLYS FIVN MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SPLK

Traded in Other Exchanges

ALTR:Mexico 8A2:Germany 8A2:Germany

Address

1820 East Big Beaver Road, Troy, MI, USA, 48083

Website

https://www.altair.com

Altair Engineering Inc is a provider of enterprise-class engineering software enabling origination of the entire product lifecycle from concept design to in-service operation. The integrated suite of software provided by the company optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal management, system modeling, and embedded systems. It operates through two segments: Software which includes the portfolio of software products such as solvers and optimization technology products, modeling and visualization tools, industrial and concept design tools, and others; and Client Engineering Services which provides client engineering services to support customers. Majority of its revenue comes from the software segment.

Executives

James Ralph Scapa	director, 10 percent owner, officer: Chief Executive Officer	1820 E BIG BEAVER RD, TROY MI 48083
James R. Scapa Declaration Of Trust	10 percent owner	1820 E BIG BEAVER RD, TROY MI 48083
Jrs Investments Llc	10 percent owner	1820 E BIG BEAVER RD, TROY MI 48083
Gc Investments Llc	10 percent owner	1820 E BIG BEAVER RD, TROY MI 48083
George J Christ	10 percent owner	1820 E BIG BEAVER RD, TROY MI 48083
Teresa A Harris	director	1820 E BIG BEAVER RD, TROY MI 48083
Christ Revocable Trust	10 percent owner	1820 E BIG BEAVER RD, TROY MI 48083
Ravi Kunju	officer: Chief Product Strategy Officer	C/O ALTAIR ENGINEERING INC., 1820 E. BIG BEAVER RD., TROY MI 48083
Raoul Maitra	officer: Chief Legal Officer	C/O ALTAIR ENGINEERING INC., 1820 E. BIG BEAVER ROAD, TROY MI 48083
Jeffrey Marraccini	officer: See Remarks	C/O ALTAIR ENGINEERING INC., 1820 E. BIG BEAVER RD., TROY MI 48083
Amy Messano	officer: Chief Marketing Officer	1820 E. BIG BEAVER ROAD, TROY MI 48083
Mahalingam Srikanth	officer: See Remarks	1820 E BIG BEAVER RD, TROY MI 48083
Gilma Saravia	officer: Chief People Officer	C/O ALTAIR ENGINEERING INC., 1820 E. BIG BEAVER ROAD, TROY MI 48083
Nelson Dias	officer: Executive Vice President	1820 E BIG BEAVER RD, TROY MI 48083
Uwe Schramm	officer: See Remarks	1820 E BIG BEAVER RD, TROY MI 48083