10-Q Filing

MARKETAXESS HOLDINGS INC CIK: 1278021 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0000950170-21-002319`
Period End Date	20210930
Filing Date	20211026
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	mktx-20210930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 100 Cash Flow Statement 86 Stockholders Equity 73 Comprehensive Income 30

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$82.00K	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$163.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$432.71M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$460.86M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.86M	shares	Point-in-time
Cash segregated under federal regulations	`CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations`	$50.13M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.86M	shares	Point-in-time
Cash segregated under federal regulations	`CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations`	$50.06M	USD	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
Investments, at fair value	`MarketableSecurities`	$35.77M	USD	Point-in-time
Investments, at fair value	`MarketableSecurities`	$28.11M	USD	Point-in-time
Accounts receivable, net of allowance of $82 and $163 as of September 30, 2021 and December 31, 2020, respectively	`AccountsReceivableNet`	$67.77M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $82 and $163 as of September 30, 2021 and December 31, 2020, respectively	`AccountsReceivableNet`	$79.58M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Receivables from broker-dealers, clearing organizations and customers	`ReceivablesFromBrokersDealersClearingOrganizationsAndCustomers`	$279.92M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Receivables from broker-dealers, clearing organizations and customers	`ReceivablesFromBrokersDealersClearingOrganizationsAndCustomers`	$551.84M	USD	Point-in-time
Goodwill	`Goodwill`	$147.39M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00M	shares	Point-in-time
Goodwill	`Goodwill`	$154.79M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00M	shares	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$95.35M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.91M	shares	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$119.80M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.85M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	38.01M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	38.03M	shares	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$85.20M	USD	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$95.58M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.88M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.85M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$72.59M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$75.92M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$30.95M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$29.04M	USD	Point-in-time
Total assets	`Assets`	$1.61B	USD	Point-in-time
Total assets	`Assets`	$1.33B	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$62.33M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$49.05M	USD	Point-in-time
Payables to broker-dealers, clearing organizations and customers	`PayablesToBrokerDealersAndClearingOrganizations`	$303.44M	USD	Point-in-time
Payables to broker-dealers, clearing organizations and customers	`PayablesToBrokerDealersAndClearingOrganizations`	$133.33M	USD	Point-in-time
Income and other tax liabilities	`TaxesPayableCurrentAndNoncurrent`	$44.87M	USD	Point-in-time
Income and other tax liabilities	`TaxesPayableCurrentAndNoncurrent`	$42.75M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$44.35M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$69.30M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$93.61M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$89.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$556.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$376.37M	USD	Point-in-time
Commitments and Contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$123.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$123.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$329.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$323.63M	USD	Point-in-time
Treasury stock - Common stock voting, at cost, 2,880,856 and 2,845,770 shares as of September 30, 2021 and December 31, 2020, respectively	`TreasuryStockValue`	$169.52M	USD	Point-in-time
Treasury stock - Common stock voting, at cost, 2,880,856 and 2,845,770 shares as of September 30, 2021 and December 31, 2020, respectively	`TreasuryStockValue`	$187.72M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$929.85M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$799.37M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.65M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.59M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$853.48M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$770.09M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$797.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$955.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.02B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$897.54M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$988.23M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.06B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.61B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.33B	USD	Point-in-time

Income Statement 100 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$164.01M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$162.09M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$533.89M	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$517.78M	USD	3 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$129.70M	USD	3 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$40.88M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$120.41M	USD	3 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$37.58M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$13.96M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$38.84M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$25.40M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$9.03M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$31.25M	USD	3 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$10.66M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$25.17M	USD	3 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$8.42M	USD	1 Quarter
Professional and consulting fees	`ProfessionalFees`	$22.01M	USD	3 Qtrs
Professional and consulting fees	`ProfessionalFees`	$10.85M	USD	1 Quarter
Professional and consulting fees	`ProfessionalFees`	$31.19M	USD	3 Qtrs
Professional and consulting fees	`ProfessionalFees`	$8.27M	USD	1 Quarter
Occupancy	`OccupancyNet`	$3.44M	USD	1 Quarter
Occupancy	`OccupancyNet`	$9.88M	USD	3 Qtrs
Occupancy	`OccupancyNet`	$3.27M	USD	1 Quarter
Occupancy	`OccupancyNet`	$10.21M	USD	3 Qtrs
Marketing and advertising	`MarketingAndAdvertisingExpense`	$1.15M	USD	1 Quarter
Marketing and advertising	`MarketingAndAdvertisingExpense`	$5.63M	USD	3 Qtrs
Marketing and advertising	`MarketingAndAdvertisingExpense`	$6.15M	USD	3 Qtrs
Marketing and advertising	`MarketingAndAdvertisingExpense`	$1.82M	USD	1 Quarter
Clearing costs	`TransactionCosts`	$3.27M	USD	1 Quarter
Clearing costs	`TransactionCosts`	$12.34M	USD	3 Qtrs
Clearing costs	`TransactionCosts`	$16.06M	USD	3 Qtrs
Clearing costs	`TransactionCosts`	$4.84M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.47M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.38M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.85M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$9.89M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$269.24M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$76.20M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$88.09M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$234.75M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$283.03M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$87.81M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$264.65M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$74.00M	USD	1 Quarter
Investment income	`InvestmentIncomeNonoperating`	$2.33M	USD	3 Qtrs
Investment income	`InvestmentIncomeNonoperating`	$108.00K	USD	1 Quarter
Investment income	`InvestmentIncomeNonoperating`	$344.00K	USD	1 Quarter
Investment income	`InvestmentIncomeNonoperating`	$322.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$676.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.05M	USD	3 Qtrs
Interest expense	`InterestExpense`	$314.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.05M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-242.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-1.95M	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$697.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$860.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$158.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-2.31M	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$491.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$1.04M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$87.97M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$262.35M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$74.49M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$284.07M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.54M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$56.65M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.19M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$57.62M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$205.70M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$57.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$74.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$226.45M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$83.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$80.46M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.54	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$5.49	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.81	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$6.06	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$5.94	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$5.40	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.78	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.52	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.60	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.66	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.66	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.60	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.66	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.60	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.80	USD	3 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.98	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.50M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.39M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.53M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.34M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.08M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.13M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.11M	shares	3 Qtrs

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$205.70M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$57.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$74.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$226.45M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$83.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$80.46M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$38.84M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$25.40M	USD	3 Qtrs
Amortization of operating lease right-of-use assets	`AmortizationOfOperatingLeaseRightOfUseAssets`	$5.05M	USD	3 Qtrs
Amortization of operating lease right-of-use assets	`AmortizationOfOperatingLeaseRightOfUseAssets`	$5.15M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$20.31M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$18.92M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$8.65M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$3.04M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-727.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$46.00K	USD	3 Qtrs
Decrease (Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$20.23M	USD	3 Qtrs
Decrease (Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-11.82M	USD	3 Qtrs
(Increase) in receivables from broker-dealers, clearing organizations and customers	`IncreaseDecreaseInBrokerageReceivables`	$288.11M	USD	3 Qtrs
(Increase) in receivables from broker-dealers, clearing organizations and customers	`IncreaseDecreaseInBrokerageReceivables`	$304.02M	USD	3 Qtrs
(Increase) decrease in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-521.00K	USD	3 Qtrs
(Increase) decrease in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.92M	USD	3 Qtrs
(Increase) decrease in trading investments	`IncreaseDecreaseInTradingSecurities`	$5.57M	USD	3 Qtrs
(Increase) decrease in trading investments	`IncreaseDecreaseInTradingSecurities`	$-62.64M	USD	3 Qtrs
(Decrease) Increase in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$3.56M	USD	3 Qtrs
(Decrease) Increase in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-13.28M	USD	3 Qtrs
Increase in payables to broker-dealers, clearing organizations and customers	`IncreaseDecreaseInPayablesToBrokerDealers`	$138.12M	USD	3 Qtrs
Increase in payables to broker-dealers, clearing organizations and customers	`IncreaseDecreaseInPayablesToBrokerDealers`	$170.11M	USD	3 Qtrs
(Decrease) increase in income and other tax liabilities	`IncreaseDecreaseInIncomeTaxes`	$10.10M	USD	3 Qtrs
(Decrease) increase in income and other tax liabilities	`IncreaseDecreaseInIncomeTaxes`	$-914.00K	USD	3 Qtrs
(Decrease) increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.42M	USD	3 Qtrs
(Decrease) increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$7.38M	USD	3 Qtrs
(Decrease) in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-5.34M	USD	3 Qtrs
(Decrease) in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-4.67M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$176.87M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$136.38M	USD	3 Qtrs
Acquisitions, net of cash and cash equivalents acquired	`PaymentsToAcquireBusinessesNetOfCashAndCashEquivalentsAcquired`	$527.00K	USD	3 Qtrs
Acquisitions, net of cash and cash equivalents acquired	`PaymentsToAcquireBusinessesNetOfCashAndCashEquivalentsAcquired`	$17.08M	USD	3 Qtrs
Proceeds from maturities and sales, available-for-sale investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$170.66M	USD	3 Qtrs
Proceeds from maturities and sales, available-for-sale investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	-	USD	3 Qtrs
Purchases, available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	-	USD	3 Qtrs
Purchases, available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$32.87M	USD	3 Qtrs
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.02M	USD	3 Qtrs
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.57M	USD	3 Qtrs
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$21.12M	USD	3 Qtrs
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$24.65M	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-56.30M	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$103.12M	USD	3 Qtrs
Cash dividend on common stock	`PaymentsOfOrdinaryDividends`	$75.00M	USD	3 Qtrs
Cash dividend on common stock	`PaymentsOfOrdinaryDividends`	$68.10M	USD	3 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$748.00K	USD	3 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$6.95M	USD	3 Qtrs
Withholding tax payments on restricted stock vesting and stock option exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$33.37M	USD	3 Qtrs
Withholding tax payments on restricted stock vesting and stock option exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$34.56M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$18.19M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$15.45M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$478.36M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$70.35M	USD	3 Qtrs
Repayments of short-term borrowings	`RepaymentsOfSubordinatedDebt`	$70.35M	USD	3 Qtrs
Repayments of short-term borrowings	`RepaymentsOfSubordinatedDebt`	$478.36M	USD	3 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-119.61M	USD	3 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-117.37M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-4.72M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$431.00K	USD	3 Qtrs
Net (decrease) increase for the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-44.25M	USD	3 Qtrs
Net (decrease) increase for the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$163.05M	USD	3 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$274.25M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$608.05M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$437.30M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$563.80M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$274.25M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$608.05M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$437.30M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$563.80M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$48.67M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$38.49M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$676.00K	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$1.05M	USD	3 Qtrs
Contingent consideration payable assumed in connection with acquisition	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	-	USD	3 Qtrs
Contingent consideration payable assumed in connection with acquisition	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$26.90M	USD	3 Qtrs
Exercise of stock options - cashless	`StockIssued1`	$10.29M	USD	3 Qtrs
Exercise of stock options - cashless	`StockIssued1`	$2.75M	USD	3 Qtrs
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$705.00K	USD	3 Qtrs
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$1.89M	USD	3 Qtrs

Stockholders Equity 73 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.60	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.66	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.66	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.60	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.66	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.60	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.80	USD	3 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.98	USD	3 Qtrs
Beginning Balance	`StockholdersEquity`	$853.48M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$770.09M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$797.88M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$955.06M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.02B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$897.54M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$988.23M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.06B	USD	Point-in-time
Net income	`NetIncomeLoss`	$205.70M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$57.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$74.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$226.45M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$83.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$80.46M	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-351.00K	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.15M	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.42M	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.14M	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.93M	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.94M	USD	3 Qtrs
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.86M	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$213.00K	USD	3 Qtrs
Unrealized net (loss) gain on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-491.00K	USD	1 Quarter
Unrealized net (loss) gain on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-871.00K	USD	1 Quarter
Unrealized net (loss) gain on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$820.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.42M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.68M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.75M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.79M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.45M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.13M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$9.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$659.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$244.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$80.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.28M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$4.42M	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation`	$6.86M	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation`	$21.24M	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation`	$6.54M	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation`	$6.78M	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation`	$-911.00K	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation`	$27.42M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$4.17M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$5.87M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$5.42M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$520.00K	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$13.44M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$4.24M	USD	1 Quarter
Cash dividend on common stock	`DividendsCommonStockCash`	$22.77M	USD	1 Quarter
Cash dividend on common stock	`DividendsCommonStockCash`	$25.08M	USD	1 Quarter
Cash dividend on common stock	`DividendsCommonStockCash`	$25.06M	USD	1 Quarter
Cash dividend on common stock	`DividendsCommonStockCash`	$25.08M	USD	1 Quarter
Cash dividend on common stock	`DividendsCommonStockCash`	$22.76M	USD	1 Quarter
Cash dividend on common stock	`DividendsCommonStockCash`	$22.78M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$853.48M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$770.09M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$797.88M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$955.06M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.02B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$897.54M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$988.23M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.06B	USD	Point-in-time

Comprehensive Income 30 line items

Line Item	Tag	Value	Unit	Period
Foreign currency exchange hedge, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$8.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$205.70M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$57.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$74.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$226.45M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$83.85M	USD	1 Quarter
Foreign currency exchange hedge, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$1.65M	USD	1 Quarter
Foreign currency exchange hedge, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-908.00K	USD	3 Qtrs
Foreign currency exchange hedge, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$554.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$80.46M	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $554, $1,654, $8, and $(908), respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-351.00K	USD	1 Quarter
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	3 Qtrs
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $554, $1,654, $8, and $(908), respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.15M	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $554, $1,654, $8, and $(908), respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.42M	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $554, $1,654, $8, and $(908), respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.14M	USD	1 Quarter
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-172.00K	USD	3 Qtrs
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $554, $1,654, $8, and $(908), respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.93M	USD	1 Quarter
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $554, $1,654, $8, and $(908), respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.94M	USD	3 Qtrs
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $554, $1,654, $8, and $(908), respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.86M	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $554, $1,654, $8, and $(908), respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$213.00K	USD	3 Qtrs
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-276.00K	USD	1 Quarter
Net unrealized gain on securities available-for-sale, net of tax of $0, $(276), $0 and $(172), respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-542.00K	USD	3 Qtrs
Net unrealized gain on securities available-for-sale, net of tax of $0, $(276), $0 and $(172), respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-871.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$226.12M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$199.76M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$71.33M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$52.81M	USD	1 Quarter

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