10-Q Filing

MARKETAXESS HOLDINGS INC CIK: 1278021 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0000950170-22-013225`
Period End Date	20220630
Filing Date	20220727
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	mktx-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 100 Cash Flow Statement 82 Stockholders Equity 50 Comprehensive Income 19

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$140.00K	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$193.00K	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`	$290.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$506.74M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.86M	shares	Point-in-time
Cash segregated under federal regulations	`CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations`	$50.28M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.86M	shares	Point-in-time
Cash segregated under federal regulations	`CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations`	$50.16M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments, at fair value	`MarketableSecurities`	$34.30M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments, at fair value	`MarketableSecurities`	$36.08M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $193 and $140 as of June 30, 2022 and December 31, 2021, respectively	`AccountsReceivableNet`	$63.88M	USD	Point-in-time
Accounts receivable, net of allowance of $193 and $140 as of June 30, 2022 and December 31, 2021, respectively	`AccountsReceivableNet`	$87.47M	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`	$617.82M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Receivables from broker-dealers, clearing organizations and customers	`ReceivablesFromBrokersDealersClearingOrganizationsAndCustomers`	$408.35M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00M	shares	Point-in-time
Goodwill	`Goodwill`	$154.79M	USD	Point-in-time
Goodwill	`Goodwill`	$154.79M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.91M	shares	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$116.38M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.91M	shares	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$105.61M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.92M	shares	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$96.06M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.64M	shares	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$93.25M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$68.60M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.99M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.27M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$70.96M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$65.05M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$27.07M	USD	Point-in-time
Total assets	`Assets`	$1.53B	USD	Point-in-time
Total assets	`Assets`	$1.57B	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$35.69M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$59.72M	USD	Point-in-time
Payables to broker-dealers, clearing organizations and customers	`PayablesToBrokerDealersAndClearingOrganizations`	$229.32M	USD	Point-in-time
Payables to broker-dealers, clearing organizations and customers	`PayablesToBrokerDealersAndClearingOrganizations`	$375.21M	USD	Point-in-time
Income and other tax liabilities	`TaxesPayableCurrentAndNoncurrent`	$40.46M	USD	Point-in-time
Income and other tax liabilities	`TaxesPayableCurrentAndNoncurrent`	$27.66M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$42.80M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$71.22M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$85.56M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$88.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$566.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$489.14M	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`	$330.26M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$325.05M	USD	Point-in-time
Treasury stock - Common stock voting, at cost, 3,270,512 shares and 2,992,550 as of June 30, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$320.25M	USD	Point-in-time
Treasury stock - Common stock voting, at cost, 3,270,512 shares and 2,992,550 as of June 30, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$232.71M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$956.97M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.04B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.33M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-39.84M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$955.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.04B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.02B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.02B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$988.23M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.00B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.53B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.57B	USD	Point-in-time

Income Statement 100 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$371.80M	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$176.33M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$368.29M	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$182.23M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$45.44M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$40.73M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$88.82M	USD	2 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$93.19M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$24.88M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$30.41M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$15.24M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$13.10M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$12.49M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$20.58M	USD	2 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$24.68M	USD	2 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$10.54M	USD	1 Quarter
Professional and consulting fees	`ProfessionalFees`	$18.54M	USD	2 Qtrs
Professional and consulting fees	`ProfessionalFees`	$20.34M	USD	2 Qtrs
Professional and consulting fees	`ProfessionalFees`	$10.70M	USD	1 Quarter
Professional and consulting fees	`ProfessionalFees`	$8.92M	USD	1 Quarter
Occupancy	`OccupancyNet`	$7.09M	USD	2 Qtrs
Occupancy	`OccupancyNet`	$3.70M	USD	1 Quarter
Occupancy	`OccupancyNet`	$3.30M	USD	1 Quarter
Occupancy	`OccupancyNet`	$6.62M	USD	2 Qtrs
Marketing and advertising	`MarketingAndAdvertisingExpense`	$3.13M	USD	1 Quarter
Marketing and advertising	`MarketingAndAdvertisingExpense`	$2.95M	USD	1 Quarter
Marketing and advertising	`MarketingAndAdvertisingExpense`	$4.74M	USD	2 Qtrs
Marketing and advertising	`MarketingAndAdvertisingExpense`	$4.33M	USD	2 Qtrs
Clearing costs	`TransactionCosts`	$4.37M	USD	1 Quarter
Clearing costs	`TransactionCosts`	$9.07M	USD	2 Qtrs
Clearing costs	`TransactionCosts`	$8.84M	USD	2 Qtrs
Clearing costs	`TransactionCosts`	$4.26M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.90M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.51M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.28M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.44M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$181.15M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$97.44M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$89.16M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$195.39M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$87.18M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$190.65M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$84.79M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$172.89M	USD	2 Qtrs
Investment income	`InvestmentIncomeNonoperating`	$107.00K	USD	1 Quarter
Investment income	`InvestmentIncomeNonoperating`	$214.00K	USD	2 Qtrs
Investment income	`InvestmentIncomeNonoperating`	$313.00K	USD	2 Qtrs
Investment income	`InvestmentIncomeNonoperating`	$254.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$337.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$510.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$362.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$171.00K	USD	1 Quarter
Equity in earnings of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	-	USD	2 Qtrs
Equity in earnings of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Equity in earnings of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$191.00K	USD	2 Qtrs
Equity in earnings of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$191.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$7.11M	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-1.06M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-2.65M	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$4.68M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-2.80M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$7.11M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-1.12M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$4.79M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$89.58M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$187.85M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$86.05M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$180.00M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$40.11M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$48.31M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$22.66M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$18.77M	USD	1 Quarter
Net income	`NetIncomeLoss`	$80.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$66.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$147.75M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$64.77M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$131.69M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$3.94	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$3.52	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.79	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.78	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.77	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$3.49	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.78	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$3.87	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.32	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.66	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.70	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.40	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.66	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.70	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.51M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.46M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.53M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.49M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.72M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.61M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.10M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.13M	shares	2 Qtrs

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$80.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$66.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$147.75M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$64.77M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$131.69M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$30.41M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$24.88M	USD	2 Qtrs
Amortization of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$3.00M	USD	2 Qtrs
Amortization of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$3.37M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$13.56M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$14.60M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.60M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$-2.16M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$176.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$1.07M	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.43M	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$23.73M	USD	2 Qtrs
(Increase) in receivables from broker-dealers, clearing organizations and customers	`IncreaseDecreaseInBrokerageReceivables`	$211.43M	USD	2 Qtrs
(Increase) in receivables from broker-dealers, clearing organizations and customers	`IncreaseDecreaseInBrokerageReceivables`	$190.07M	USD	2 Qtrs
(Increase) in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.62M	USD	2 Qtrs
(Increase) in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.63M	USD	2 Qtrs
(Decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-23.05M	USD	2 Qtrs
(Decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-24.03M	USD	2 Qtrs
Increase in payables to broker-dealers, clearing organizations and customers	`IncreaseDecreaseInPayablesToBrokerDealers`	$145.89M	USD	2 Qtrs
Increase in payables to broker-dealers, clearing organizations and customers	`IncreaseDecreaseInPayablesToBrokerDealers`	$144.98M	USD	2 Qtrs
(Decrease) in income and other tax liabilities	`IncreaseDecreaseInIncomeTaxes`	$-3.10M	USD	2 Qtrs
(Decrease) in income and other tax liabilities	`IncreaseDecreaseInIncomeTaxes`	$-10.18M	USD	2 Qtrs
Increase (decrease) in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.48M	USD	2 Qtrs
Increase (decrease) in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.14M	USD	2 Qtrs
(Decrease) in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-3.73M	USD	2 Qtrs
(Decrease) in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-3.29M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$73.57M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$69.91M	USD	2 Qtrs
Acquisitions, net of cash and cash equivalents acquired	`PaymentsToAcquireBusinessesNetOfCashAndCashEquivalentsAcquired`	-	USD	2 Qtrs
Acquisitions, net of cash and cash equivalents acquired	`PaymentsToAcquireBusinessesNetOfCashAndCashEquivalentsAcquired`	$17.08M	USD	2 Qtrs
Acquisition of equity method investment	`PaymentsToAcquireEquityMethodInvestments`	-	USD	2 Qtrs
Acquisition of equity method investment	`PaymentsToAcquireEquityMethodInvestments`	$34.40M	USD	2 Qtrs
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.68M	USD	2 Qtrs
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.81M	USD	2 Qtrs
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$16.46M	USD	2 Qtrs
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$18.56M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-55.64M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-43.35M	USD	2 Qtrs
Cash dividend on common stock	`PaymentsOfOrdinaryDividends`	$53.53M	USD	2 Qtrs
Cash dividend on common stock	`PaymentsOfOrdinaryDividends`	$50.24M	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$4.67M	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$136.00K	USD	2 Qtrs
Withholding tax payments on restricted stock vesting and stock option exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$19.95M	USD	2 Qtrs
Withholding tax payments on restricted stock vesting and stock option exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$34.28M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$13.96M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$87.54M	USD	2 Qtrs
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$26.16M	USD	2 Qtrs
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	-	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$100.00M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$70.35M	USD	2 Qtrs
Repayments of short-term borrowings	`RepaymentsOfSubordinatedDebt`	$69.30M	USD	2 Qtrs
Repayments of short-term borrowings	`RepaymentsOfSubordinatedDebt`	$100.00M	USD	2 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-92.77M	USD	2 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-187.05M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-263.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-23.89M	USD	2 Qtrs
Net decrease for the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-196.68M	USD	2 Qtrs
Net decrease for the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-62.81M	USD	2 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$545.24M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$608.05M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$428.89M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$625.57M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$545.24M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$608.05M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$428.89M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$625.57M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$47.99M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$36.80M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$429.00K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$362.00K	USD	2 Qtrs
Contingent consideration payable recognized in connection with acquisitions	`NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1`	$22.45M	USD	2 Qtrs
Contingent consideration payable recognized in connection with acquisitions	`NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1`	-	USD	2 Qtrs
Exercise of stock options - cashless	`StockIssued1`	$2.75M	USD	2 Qtrs
Exercise of stock options - cashless	`StockIssued1`	-	USD	2 Qtrs
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$1.65M	USD	2 Qtrs
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$1.21M	USD	2 Qtrs

Stockholders Equity 50 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.32	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.66	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.70	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.40	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.66	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.70	USD	1 Quarter
Beginning Balance	`StockholdersEquity`	$955.06M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.04B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.02B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.02B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$988.23M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.00B	USD	Point-in-time
Net income	`NetIncomeLoss`	$80.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$66.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$147.75M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$64.77M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$131.69M	USD	2 Qtrs
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-21.46M	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`	$-5.05M	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-26.51M	USD	2 Qtrs
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`	$-794.00K	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.10M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.13M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.50M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.42M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$244.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$4.42M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$50.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$86.00K	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation`	$-339.00K	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation`	$20.29M	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation`	$27.42M	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation`	$6.86M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$13.44M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$520.00K	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$48.74M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$38.80M	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`	$26.54M	USD	1 Quarter
Cash dividend on common stock	`DividendsCommonStockCash`	$26.39M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$955.06M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.04B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.02B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.02B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$988.23M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.00B	USD	Point-in-time

Comprehensive Income 19 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$80.46M	USD	1 Quarter
Foreign currency exchange hedge, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	-	USD	2 Qtrs
Foreign currency exchange hedge, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-546.00K	USD	2 Qtrs
Foreign currency exchange hedge, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-133.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$66.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$147.75M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$64.77M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$131.69M	USD	2 Qtrs
Net cumulative translation adjustment and foreign currency exchange hedge net of tax of $0, $(133), $0, and $(546), respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-21.46M	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge net of tax of $0, $(133), $0, and $(546), respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.14M	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge net of tax of $0, $(133), $0, and $(546), respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.05M	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge net of tax of $0, $(133), $0, and $(546), respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-26.51M	USD	2 Qtrs
Net cumulative translation adjustment and foreign currency exchange hedge net of tax of $0, $(133), $0, and $(546), respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.93M	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge net of tax of $0, $(133), $0, and $(546), respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-794.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$68.43M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$146.95M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$45.46M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$105.18M	USD	2 Qtrs

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