10-Q Filing

MARKETAXESS HOLDINGS INC CIK: 1278021 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0000950123-11-092054`
Period End Date	20110930
Filing Date	20111026
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	mktx-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 100 Cash Flow Statement 65 Stockholders Equity 17

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$108.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$157.62M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$191.00K	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$427.00K	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
Securities available-for-sale, at fair value	`AvailableForSaleSecurities`	$72.55M	USD	Point-in-time
Securities available-for-sale, at fair value	`AvailableForSaleSecurities`	$80.20M	USD	Point-in-time
Accounts receivable, net of allowance of $191 and $427 as of September 30, 2011 and December 31, 2010, respectively	`AccountsReceivableNet`	$31.86M	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
Accounts receivable, net of allowance of $191 and $427 as of September 30, 2011 and December 31, 2010, respectively	`AccountsReceivableNet`	$25.68M	USD	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`	$9.59M	USD	Point-in-time
Series B Preferred Stock, shares authorized	`TemporaryEquitySharesAuthorized`	35,000.00	shares	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
Goodwill and intangible assets, net of accumulated amortization	`GoodwillAndIntangibleAssetsNet`	$34.91M	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`	$14.08M	USD	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$12.54M	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
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$7.92M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$10.94M	USD	Point-in-time
Total assets	`Assets`	$339.20M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$299.52M	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`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$17.79M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$15.67M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCredits`	$4.57M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCredits`	$5.04M	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`	$12.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$34.73M	USD	Point-in-time
Total liabilities	`Liabilities`	$33.37M	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 September 30, 2011 and December 31, 2010, respectively	`TemporaryEquityCarryingAmount`	-	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 September 30, 2011 and December 31, 2010, respectively	`TemporaryEquityCarryingAmount`	$30.32M	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$335.08M	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 September 30, 2011 and December 31, 2010, respectively	`TreasuryStockValue`	$19.00M	USD	Point-in-time
Treasury stock-Common stock voting, at cost, 1,303,741 shares and 4,803,740 shares as of September 30, 2011 and December 31, 2010, respectively	`TreasuryStockValue`	$70.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.68M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-34.60M	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`	$305.83M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$234.48M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$339.20M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$299.52M	USD	Point-in-time

Income Statement 100 line items

Line Item	Tag	Value	Unit	Period
U.S. high-grade	`UsHighGradeBondCommission`	$28.02M	USD	1 Quarter
U.S. high-grade	`UsHighGradeBondCommission`	$61.56M	USD	3 Qtrs
U.S. high-grade	`UsHighGradeBondCommission`	$81.22M	USD	3 Qtrs
U.S. high-grade	`UsHighGradeBondCommission`	$21.54M	USD	1 Quarter
Eurobond	`EurobondCommission`	$4.08M	USD	1 Quarter
Eurobond	`EurobondCommission`	$14.24M	USD	3 Qtrs
Eurobond	`EurobondCommission`	$4.44M	USD	1 Quarter
Eurobond	`EurobondCommission`	$13.67M	USD	3 Qtrs
Other	`OtherCommission`	$21.79M	USD	3 Qtrs
Other	`OtherCommission`	$14.12M	USD	3 Qtrs
Other	`OtherCommission`	$5.54M	USD	1 Quarter
Other	`OtherCommission`	$7.36M	USD	1 Quarter
Total commissions	`FeesAndCommissionsOther`	$89.92M	USD	3 Qtrs
Total commissions	`FeesAndCommissionsOther`	$39.82M	USD	1 Quarter
Total commissions	`FeesAndCommissionsOther`	$31.15M	USD	1 Quarter
Total commissions	`FeesAndCommissionsOther`	$116.68M	USD	3 Qtrs
Technology products and services	`TechnologyServicesRevenue`	$3.46M	USD	1 Quarter
Technology products and services	`TechnologyServicesRevenue`	$10.87M	USD	3 Qtrs
Technology products and services	`TechnologyServicesRevenue`	$3.78M	USD	1 Quarter
Technology products and services	`TechnologyServicesRevenue`	$9.87M	USD	3 Qtrs
Information and user access fees	`InformationAndUserAccessFees`	$5.24M	USD	3 Qtrs
Information and user access fees	`InformationAndUserAccessFees`	$1.60M	USD	1 Quarter
Information and user access fees	`InformationAndUserAccessFees`	$1.83M	USD	1 Quarter
Information and user access fees	`InformationAndUserAccessFees`	$4.96M	USD	3 Qtrs
Investment income	`NetInvestmentIncome`	$907.00K	USD	3 Qtrs
Investment income	`NetInvestmentIncome`	$303.00K	USD	1 Quarter
Investment income	`NetInvestmentIncome`	$912.00K	USD	3 Qtrs
Investment income	`NetInvestmentIncome`	$301.00K	USD	1 Quarter
Other	`OtherIncome`	$1.97M	USD	3 Qtrs
Other	`OtherIncome`	$902.00K	USD	1 Quarter
Other	`OtherIncome`	$829.00K	USD	1 Quarter
Other	`OtherIncome`	$2.26M	USD	3 Qtrs
Total revenues	`Revenues`	$46.56M	USD	1 Quarter
Total revenues	`Revenues`	$107.62M	USD	3 Qtrs
Total revenues	`Revenues`	$135.96M	USD	3 Qtrs
Total revenues	`Revenues`	$37.41M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$45.08M	USD	3 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$14.33M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$42.45M	USD	3 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$13.71M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.80M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.99M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.56M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$7.31M	USD	3 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$2.77M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$2.54M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$8.00M	USD	3 Qtrs
Professional and consulting fees	`ProfessionalFees`	$6.37M	USD	3 Qtrs
Professional and consulting fees	`ProfessionalFees`	$2.25M	USD	1 Quarter
Professional and consulting fees	`ProfessionalFees`	$2.24M	USD	1 Quarter
Professional and consulting fees	`ProfessionalFees`	$7.78M	USD	3 Qtrs
Occupancy	`OccupancyNet`	$706.00K	USD	1 Quarter
Occupancy	`OccupancyNet`	$721.00K	USD	1 Quarter
Occupancy	`OccupancyNet`	$2.35M	USD	3 Qtrs
Occupancy	`OccupancyNet`	$2.19M	USD	3 Qtrs
Marketing and advertising	`MarketingAndAdvertisingExpense`	$1.28M	USD	1 Quarter
Marketing and advertising	`MarketingAndAdvertisingExpense`	$679.00K	USD	1 Quarter
Marketing and advertising	`MarketingAndAdvertisingExpense`	$3.50M	USD	3 Qtrs
Marketing and advertising	`MarketingAndAdvertisingExpense`	$2.07M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.74M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.81M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.83M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.55M	USD	3 Qtrs
Total expenses	`OperatingCostsAndExpenses`	$24.27M	USD	1 Quarter
Total expenses	`OperatingCostsAndExpenses`	$76.10M	USD	3 Qtrs
Total expenses	`OperatingCostsAndExpenses`	$23.89M	USD	1 Quarter
Total expenses	`OperatingCostsAndExpenses`	$71.16M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.52M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$36.47M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.30M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$59.87M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$23.71M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.85M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.98M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.91M	USD	1 Quarter
Net income	`NetIncomeLoss`	$36.16M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.48M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.61	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.36	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.98	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.91	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.57	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.22	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.09	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.21	USD	3 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.27	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	32.95M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	33.43M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.80M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.13M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.54M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.74M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.83M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.19M	shares	3 Qtrs

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$36.16M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.48M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.80M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.99M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.56M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$5.00M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$6.63M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$10.98M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$14.50M	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$389.00K	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$56.00K	USD	3 Qtrs
Gain on sale of securities	`GainLossOnSaleOfSecuritiesNet`	$411.00K	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.23M	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.56M	USD	3 Qtrs
(Increase) decrease in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.52M	USD	3 Qtrs
(Increase) decrease in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-450.00K	USD	3 Qtrs
(Decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-2.12M	USD	3 Qtrs
(Decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.61M	USD	3 Qtrs
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$616.00K	USD	3 Qtrs
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$466.00K	USD	3 Qtrs
Increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$497.00K	USD	3 Qtrs
Increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.81M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$41.58M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$46.79M	USD	3 Qtrs
Proceeds from maturities and sales	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$55.48M	USD	3 Qtrs
Proceeds from maturities and sales	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$20.84M	USD	3 Qtrs
Purchases	`PaymentsToAcquireAvailableForSaleSecurities`	$57.19M	USD	3 Qtrs
Purchases	`PaymentsToAcquireAvailableForSaleSecurities`	$27.72M	USD	3 Qtrs
Securities and cash provided as collateral	`SecuritiesAndCashProvidedAsCollateral`	$-28.00K	USD	3 Qtrs
Securities and cash provided as collateral	`SecuritiesAndCashProvidedAsCollateral`	$-3.50M	USD	3 Qtrs
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.68M	USD	3 Qtrs
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.52M	USD	3 Qtrs
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$1.33M	USD	3 Qtrs
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$2.90M	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.70M	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.79M	USD	3 Qtrs
Cash dividend on common stock and Series B Preferred Stock	`PaymentsOfOrdinaryDividends`	$10.24M	USD	3 Qtrs
Cash dividend on common stock and Series B Preferred Stock	`PaymentsOfOrdinaryDividends`	$8.04M	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$23.26M	USD	3 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`	$1.96M	USD	3 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`	$449.00K	USD	3 Qtrs
Windfall tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$906.00K	USD	3 Qtrs
Windfall tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$5.47M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$522.00K	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-207.00K	USD	3 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.52M	USD	3 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-27.91M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-567.00K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-851.00K	USD	3 Qtrs
Net increase for the period	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$32.63M	USD	3 Qtrs
Net increase for the period	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.40M	USD	3 Qtrs
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$108.75M	USD	Point-in-time
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$157.62M	USD	Point-in-time
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$124.99M	USD	Point-in-time
Beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$103.34M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$108.75M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$157.62M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$124.99M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$103.34M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	$1.64M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	$9.57M	USD	3 Qtrs
Conversion of Series B Preferred Stock to common stock	`ConversionOfStockAmountConverted1`	$30.32M	USD	3 Qtrs

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$305.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$234.48M	USD	Point-in-time
Net income	`NetIncomeLoss`	$36.16M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.48M	USD	3 Qtrs
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$509.00K	USD	3 Qtrs
Unrealized net gain on securities available-for-sale, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$468.00K	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$36.12M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.00M	USD	3 Qtrs
Exercise of stock options and grants of restricted stock, net of surrenders on stock option exercises and withholding tax on stock vesting	`StockIssuedDuringPeriodValueStockOptionsExercised`	$449.00K	USD	3 Qtrs
Cash dividend on common stock	`DividendsCommonStockCash`	$10.24M	USD	3 Qtrs
Conversion of Series B Preferred Stock to common stock voting	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$30.32M	USD	3 Qtrs
Tax benefit from the exercise of warrants in prior years	`AdjustmentsToAdditionalPaidInCapitalTaxBenefitFromExerciseOfWarrantsInPriorYears`	$4.24M	USD	3 Qtrs
Windfall tax benefits from stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$5.47M	USD	3 Qtrs
Balance	`StockholdersEquity`	$305.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$234.48M	USD	Point-in-time

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