10-Q Filing

MARKETAXESS HOLDINGS INC CIK: 1278021 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0000950123-11-068990`
Period End Date	20110630
Filing Date	20110727
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	mktx-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 100 Cash Flow Statement 63 Stockholders Equity 17

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$427.00K	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$77.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$113.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$124.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$103.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$135.77M	USD	Point-in-time
Securities available-for-sale, at fair value	`AvailableForSaleSecurities`	$72.55M	USD	Point-in-time
Securities available-for-sale, at fair value	`AvailableForSaleSecurities`	$75.70M	USD	Point-in-time
Accounts receivable, net of allowance of $77 and $427 as of June 30, 2011 and December 31, 2010, respectively	`AccountsReceivableNet`	$25.68M	USD	Point-in-time
Accounts receivable, net of allowance of $77 and $427 as of June 30, 2011 and December 31, 2010, respectively	`AccountsReceivableNet`	$34.49M	USD	Point-in-time
Series B Preferred Stock, par value	`TemporaryEquityParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Series B Preferred Stock, par value	`TemporaryEquityParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Series B Preferred Stock, shares authorized	`TemporaryEquitySharesAuthorized`	35,000.00	shares	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNet`	$19.81M	USD	Point-in-time
Series B Preferred Stock, shares authorized	`TemporaryEquitySharesAuthorized`	35,000.00	shares	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsNet`	$14.30M	USD	Point-in-time
Goodwill and intangible assets, net of accumulated amortization	`GoodwillAndIntangibleAssetsNet`	$35.28M	USD	Point-in-time
Series B Preferred Stock, shares issued	`TemporaryEquitySharesIssued`	35,000.00	shares	Point-in-time
Goodwill and intangible assets, net of accumulated amortization	`GoodwillAndIntangibleAssetsNet`	$36.01M	USD	Point-in-time
Series B Preferred Stock, shares issued	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$13.41M	USD	Point-in-time
Series B Preferred Stock, shares outstanding	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Series B Preferred Stock, shares outstanding	`TemporaryEquitySharesOutstanding`	35,000.00	shares	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$12.54M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$7.92M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$12.33M	USD	Point-in-time
Total assets	`Assets`	$299.52M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$321.27M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.86M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.86M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$17.79M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$11.93M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCredits`	$4.57M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCredits`	$4.44M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableCurrentAndNoncurrent`	$12.37M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableCurrentAndNoncurrent`	$12.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$34.73M	USD	Point-in-time
Commitments and Contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.30M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.80M	shares	Point-in-time
Series B Preferred Stock, $0.001 par value, 35,000 shares authorized; zero and 35,000 issued and outstanding as of June 30, 2011 and December 31, 2010, respectively	`TemporaryEquityCarryingAmount`	$30.32M	USD	Point-in-time
Series B Preferred Stock, $0.001 par value, 35,000 shares authorized; zero and 35,000 issued and outstanding as of June 30, 2011 and December 31, 2010, respectively	`TemporaryEquityCarryingAmount`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$332.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$340.62M	USD	Point-in-time
Treasury stock - Common stock voting, at cost, 1,303,741 shares and 4,803,740 shares as of June 30, 2011 and December 31, 2010, respectively	`TreasuryStockValue`	$70.00M	USD	Point-in-time
Treasury stock - Common stock voting, at cost, 1,303,741 shares and 4,803,740 shares as of June 30, 2011 and December 31, 2010, respectively	`TreasuryStockValue`	$19.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-34.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.69M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.69M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.65M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$234.48M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$292.86M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$299.52M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$321.27M	USD	Point-in-time

Income Statement 100 line items

Line Item	Tag	Value	Unit	Period
U.S. high-grade	`UsHighGradeBondCommission`	$40.02M	USD	2 Qtrs
U.S. high-grade	`UsHighGradeBondCommission`	$26.83M	USD	1 Quarter
U.S. high-grade	`UsHighGradeBondCommission`	$53.21M	USD	2 Qtrs
U.S. high-grade	`UsHighGradeBondCommission`	$20.25M	USD	1 Quarter
Eurobond	`EurobondCommission`	$4.67M	USD	1 Quarter
Eurobond	`EurobondCommission`	$9.22M	USD	2 Qtrs
Eurobond	`EurobondCommission`	$10.16M	USD	2 Qtrs
Eurobond	`EurobondCommission`	$4.61M	USD	1 Quarter
Other	`OtherCommission`	$8.58M	USD	2 Qtrs
Other	`OtherCommission`	$7.64M	USD	1 Quarter
Other	`OtherCommission`	$14.43M	USD	2 Qtrs
Other	`OtherCommission`	$4.54M	USD	1 Quarter
Total commissions	`FeesAndCommissionsOther`	$76.86M	USD	2 Qtrs
Total commissions	`FeesAndCommissionsOther`	$39.08M	USD	1 Quarter
Total commissions	`FeesAndCommissionsOther`	$29.46M	USD	1 Quarter
Total commissions	`FeesAndCommissionsOther`	$58.77M	USD	2 Qtrs
Technology products and services	`TechnologyServicesRevenue`	$6.42M	USD	2 Qtrs
Technology products and services	`TechnologyServicesRevenue`	$7.09M	USD	2 Qtrs
Technology products and services	`TechnologyServicesRevenue`	$3.98M	USD	1 Quarter
Technology products and services	`TechnologyServicesRevenue`	$3.25M	USD	1 Quarter
Information and user access fees	`InformationAndUserAccessFees`	$3.41M	USD	2 Qtrs
Information and user access fees	`InformationAndUserAccessFees`	$1.72M	USD	1 Quarter
Information and user access fees	`InformationAndUserAccessFees`	$1.72M	USD	1 Quarter
Information and user access fees	`InformationAndUserAccessFees`	$3.36M	USD	2 Qtrs
Investment income	`NetInvestmentIncome`	$609.00K	USD	2 Qtrs
Investment income	`NetInvestmentIncome`	$315.00K	USD	1 Quarter
Investment income	`NetInvestmentIncome`	$606.00K	USD	2 Qtrs
Investment income	`NetInvestmentIncome`	$310.00K	USD	1 Quarter
Other	`OtherIncome`	$702.00K	USD	1 Quarter
Other	`OtherIncome`	$578.00K	USD	1 Quarter
Other	`OtherIncome`	$1.43M	USD	2 Qtrs
Other	`OtherIncome`	$1.07M	USD	2 Qtrs
Total revenues	`Revenues`	$70.21M	USD	2 Qtrs
Total revenues	`Revenues`	$89.40M	USD	2 Qtrs
Total revenues	`Revenues`	$45.79M	USD	1 Quarter
Total revenues	`Revenues`	$35.33M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$14.19M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$28.12M	USD	2 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$31.37M	USD	2 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$15.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.19M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.62M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.24M	USD	2 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$4.77M	USD	2 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$2.72M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$2.35M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$5.22M	USD	2 Qtrs
Professional and consulting fees	`ProfessionalFees`	$4.13M	USD	2 Qtrs
Professional and consulting fees	`ProfessionalFees`	$5.54M	USD	2 Qtrs
Professional and consulting fees	`ProfessionalFees`	$2.67M	USD	1 Quarter
Professional and consulting fees	`ProfessionalFees`	$1.99M	USD	1 Quarter
Occupancy	`OccupancyNet`	$1.47M	USD	2 Qtrs
Occupancy	`OccupancyNet`	$707.00K	USD	1 Quarter
Occupancy	`OccupancyNet`	$1.65M	USD	2 Qtrs
Occupancy	`OccupancyNet`	$708.00K	USD	1 Quarter
Marketing and advertising	`MarketingAndAdvertisingExpense`	$1.25M	USD	1 Quarter
Marketing and advertising	`MarketingAndAdvertisingExpense`	$759.00K	USD	1 Quarter
Marketing and advertising	`MarketingAndAdvertisingExpense`	$1.39M	USD	2 Qtrs
Marketing and advertising	`MarketingAndAdvertisingExpense`	$2.22M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.98M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.85M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.81M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.81M	USD	1 Quarter
Total expenses	`OperatingCostsAndExpenses`	$23.47M	USD	1 Quarter
Total expenses	`OperatingCostsAndExpenses`	$47.27M	USD	2 Qtrs
Total expenses	`OperatingCostsAndExpenses`	$25.89M	USD	1 Quarter
Total expenses	`OperatingCostsAndExpenses`	$51.83M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.94M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.91M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.86M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$37.57M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.97M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.69M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.85M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.07M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$22.72M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$11.94M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.87M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$7.17M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.37	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.62	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.32	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.35	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.58	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.18	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.14	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.09	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	33.68M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.63M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.76M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	33.73M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.51M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.40M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.49M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.41M	shares	2 Qtrs

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$22.72M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$11.94M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.87M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$7.17M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.19M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.62M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.24M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$3.10M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$4.50M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$9.78M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$7.23M	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$-122.00K	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$305.00K	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.25M	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.69M	USD	2 Qtrs
(Increase) in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.00K	USD	2 Qtrs
(Increase) in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.38M	USD	2 Qtrs
(Decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-5.86M	USD	2 Qtrs
(Decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-6.65M	USD	2 Qtrs
(Decrease) increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$17.00K	USD	2 Qtrs
(Decrease) increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-128.00K	USD	2 Qtrs
(Decrease) increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-195.00K	USD	2 Qtrs
(Decrease) increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.30M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$22.56M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.41M	USD	2 Qtrs
Proceeds from maturities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$29.21M	USD	2 Qtrs
Proceeds from maturities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$9.87M	USD	2 Qtrs
Purchases	`PaymentsToAcquireAvailableForSaleSecurities`	$31.36M	USD	2 Qtrs
Purchases	`PaymentsToAcquireAvailableForSaleSecurities`	$12.56M	USD	2 Qtrs
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.82M	USD	2 Qtrs
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.52M	USD	2 Qtrs
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$821.00K	USD	2 Qtrs
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$1.79M	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$25.00K	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-77.00K	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.72M	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.01M	USD	2 Qtrs
Cash dividend on common stock and Series B Preferred Stock	`PaymentsOfOrdinaryDividends`	$5.38M	USD	2 Qtrs
Cash dividend on common stock and Series B Preferred Stock	`PaymentsOfOrdinaryDividends`	$6.80M	USD	2 Qtrs
Proceeds from exercise of stock options and grants of restricted stock, net of surrenders on stock option exercises and withholding tax on stock vesting	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.92M	USD	2 Qtrs
Proceeds from exercise of stock options and grants of restricted stock, net of surrenders on stock option exercises and withholding tax on stock vesting	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$-234.00K	USD	2 Qtrs
Windfall tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.93M	USD	2 Qtrs
Windfall tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$478.00K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-137.00K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-8.00K	USD	2 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.14M	USD	2 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.08M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-510.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-537.00K	USD	2 Qtrs
Net increase for the period	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.19M	USD	2 Qtrs
Net increase for the period	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.77M	USD	2 Qtrs
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$113.53M	USD	Point-in-time
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$124.99M	USD	Point-in-time
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$103.34M	USD	Point-in-time
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$135.77M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$113.53M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$124.99M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$103.34M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$135.77M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	$1.06M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	$5.98M	USD	2 Qtrs
Conversion of Series B Preferred Stock to common stock	`ConversionOfStockAmountConverted1`	$30.32M	USD	2 Qtrs

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$234.48M	USD	Point-in-time
Balance	`StockholdersEquity`	$292.86M	USD	Point-in-time
Net income	`NetIncomeLoss`	$22.72M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$11.94M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.87M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$7.17M	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$324.00K	USD	2 Qtrs
Unrealized net gain on securities available-for-sale, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$282.00K	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$22.68M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.10M	USD	2 Qtrs
Exercise of stock options and grants of restricted stock, net of surrenders on stock option exercises and tax on stock vesting	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.92M	USD	2 Qtrs
Cash dividend on common stock	`DividendsCommonStockCash`	$6.80M	USD	2 Qtrs
Conversion of Series B Preferred Stock to common stock voting	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$30.32M	USD	2 Qtrs
Tax benefit from the exercise of warrants in prior years	`AdjustmentsToAdditionalPaidInCapitalTaxBenefitFromExerciseOfWarrantsInPriorYears`	$4.24M	USD	2 Qtrs
Windfall tax benefits from stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$2.93M	USD	2 Qtrs
Balance	`StockholdersEquity`	$234.48M	USD	Point-in-time
Balance	`StockholdersEquity`	$292.86M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.