10-Q Filing

PTC INC. CIK: 857005 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-002335`
Period End Date	20221231
Filing Date	20230209
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	ptc-20221231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 38 Cash Flow Statement 66 Stockholders Equity 27 Comprehensive Income 20

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$387.59M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$362.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$272.18M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$381.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $381 and $362 at December 31, 2022 and September 30, 2022, respectively	`AccountsReceivableNetCurrent`	$636.56M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $381 and $362 at December 31, 2022 and September 30, 2022, respectively	`AccountsReceivableNetCurrent`	$562.04M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$88.85M	USD	Point-in-time
Preferred stock, par value (in USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$110.39M	USD	Point-in-time
Preferred stock, par value (in USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$71.06M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$66.78M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.13B	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
Total current assets	`AssetsCurrent`	$1.07B	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$98.10M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$95.14M	USD	Point-in-time
Goodwill	`Goodwill`	$2.35B	USD	Point-in-time
Goodwill	`Goodwill`	$2.39B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	118.16M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	117.47M	shares	Point-in-time
Acquired intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$382.72M	USD	Point-in-time
Acquired intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$373.84M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	118.16M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	117.47M	shares	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$266.88M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$256.09M	USD	Point-in-time
Operating right-of-use lease assets	`OperatingLeaseRightOfUseAsset`	$137.78M	USD	Point-in-time
Operating right-of-use lease assets	`OperatingLeaseRightOfUseAsset`	$148.64M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$395.89M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$390.27M	USD	Point-in-time
Total assets	`Assets`	$4.80B	USD	Point-in-time
Total assets	`Assets`	$4.69B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$40.15M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$38.98M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherLiabilityCurrent`	$117.16M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherLiabilityCurrent`	$126.00M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$104.02M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$96.49M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$5.14M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$2.24M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$503.78M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$500.22M	USD	Point-in-time
Short-term lease obligations	`OperatingLeaseLiabilityCurrent`	$22.81M	USD	Point-in-time
Short-term lease obligations	`OperatingLeaseLiabilityCurrent`	$22.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$792.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$786.74M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$1.35B	USD	Point-in-time
Long-term debt	`LongTermDebt`	$1.35B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$31.04M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$28.40M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$15.81M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$16.55M	USD	Point-in-time
Long-term lease obligations	`OperatingLeaseLiabilityNoncurrent`	$177.11M	USD	Point-in-time
Long-term lease obligations	`OperatingLeaseLiabilityNoncurrent`	$167.57M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$33.35M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$35.83M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.39B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.40B	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 5,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 5,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value; 500,000 shares authorized; 118,161 and 117,472 shares issued and outstanding at December 31, 2022 and September 30, 2022, respectively	`CommonStockValue`	$1.18M	USD	Point-in-time
Common stock, $0.01 par value; 500,000 shares authorized; 118,161 and 117,472 shares issued and outstanding at December 31, 2022 and September 30, 2022, respectively	`CommonStockValue`	$1.18M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.72B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.70B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$727.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$802.77M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-153.46M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-105.22M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.40B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.95B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.04B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.30B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$4.69B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$4.80B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$457.72M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$465.91M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$95.79M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$95.12M	USD	1 Quarter
Gross margin	`GrossProfit`	$362.60M	USD	1 Quarter
Gross margin	`GrossProfit`	$370.12M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$125.48M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$118.38M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$88.18M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$80.53M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$50.97M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$51.94M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfAcquiredIntangibleAssetsExcludingPurchasedSoftware`	$8.48M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfAcquiredIntangibleAssetsExcludingPurchasedSoftware`	$8.03M	USD	1 Quarter
Restructuring and other charges (credits), net	`RestructuringCostsAndAssetImpairmentCharges`	$33.99M	USD	1 Quarter
Restructuring and other charges (credits), net	`RestructuringCostsAndAssetImpairmentCharges`	$-338.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$300.43M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$265.22M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$104.90M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$62.18M	USD	1 Quarter
Interest expense	`InterestExpense`	$12.99M	USD	1 Quarter
Interest expense	`InterestExpense`	$16.36M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$6.18M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-2.12M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$86.42M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$55.38M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.39M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$46.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$75.03M	USD	1 Quarter
Earnings per shareBasic	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Earnings per shareBasic	`EarningsPerShareBasic`	$0.64	USD	1 Quarter
Earnings per shareDiluted	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Earnings per shareDiluted	`EarningsPerShareDiluted`	$0.63	USD	1 Quarter
Weighted-average shares outstandingBasic	`WeightedAverageNumberOfSharesOutstandingBasic`	117.82M	shares	1 Quarter
Weighted-average shares outstandingBasic	`WeightedAverageNumberOfSharesOutstandingBasic`	117.35M	shares	1 Quarter
Weighted-average shares outstandingDiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	118.60M	shares	1 Quarter
Weighted-average shares outstandingDiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	118.79M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$46.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$75.03M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.09M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$21.33M	USD	1 Quarter
Amortization of right-of-use lease assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$8.05M	USD	1 Quarter
Amortization of right-of-use lease assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$8.86M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$41.50M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$45.94M	USD	1 Quarter
Gain on investment	`GainLossOnInvestments`	$9.77M	USD	1 Quarter
Gain on investment	`GainLossOnInvestments`	-	USD	1 Quarter
Other non-cash items, net	`OtherNoncashIncomeExpense`	$617.00K	USD	1 Quarter
Other non-cash items, net	`OtherNoncashIncomeExpense`	$273.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-57.32M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-105.51M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$12.96M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$7.68M	USD	1 Quarter
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-17.53M	USD	1 Quarter
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$2.85M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-13.70M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-19.64M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-8.33M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-16.84M	USD	1 Quarter
Other current assets and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.96M	USD	1 Quarter
Other current assets and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$13.47M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$7.89M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-2.34M	USD	1 Quarter
Other noncurrent assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssets`	$34.42M	USD	1 Quarter
Other noncurrent assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssets`	$10.49M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$137.74M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$180.92M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.18M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.36M	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$450.00K	USD	1 Quarter
Settlement of net investment hedges	`PaymentsForProceedsFromHedgeInvestingActivities`	$-6.47M	USD	1 Quarter
Settlement of net investment hedges	`PaymentsForProceedsFromHedgeInvestingActivities`	$10.79M	USD	1 Quarter
Divestitures of businesses and assets, net	`DivestituresOfBusinessesAndAssetsNet`	-	USD	1 Quarter
Divestitures of businesses and assets, net	`DivestituresOfBusinessesAndAssetsNet`	$154.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.13M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.66M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$119.74M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Payments of withholding taxes in connection with stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$49.16M	USD	1 Quarter
Payments of withholding taxes in connection with stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$52.42M	USD	1 Quarter
Payments of principal for financing leases	`FinanceLeasePrincipalPayments`	$239.00K	USD	1 Quarter
Payments of principal for financing leases	`FinanceLeasePrincipalPayments`	$217.00K	USD	1 Quarter
Credit facility origination costs	`PaymentsOfDebtIssuanceCosts`	$1.35M	USD	1 Quarter
Credit facility origination costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-169.14M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-53.99M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.62M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-1.66M	USD	1 Quarter
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$115.42M	USD	1 Quarter
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-30.41M	USD	1 Quarter
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$272.89M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$388.31M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$327.05M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$296.64M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$272.89M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$388.31M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$327.05M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$296.64M	USD	Point-in-time
Withholding taxes in connection with stock-based awards, accrued	`WithholdingTaxesInConnectionWithStockBasedAwardsAccrued`	-	USD	1 Quarter
Withholding taxes in connection with stock-based awards, accrued	`WithholdingTaxesInConnectionWithStockBasedAwardsAccrued`	$-452.00K	USD	1 Quarter
Repurchases of common stock, accrued	`RepurchasesOfCommonStockAccrued`	$5.26M	USD	1 Quarter
Repurchases of common stock, accrued	`RepurchasesOfCommonStockAccrued`	-	USD	1 Quarter

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$2.40B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.95B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.04B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.30B	USD	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	118.16M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	117.47M	shares	Point-in-time
Shares surrendered by employees to pay taxes related to stock-based awards	`SharesSurrenderedByEmployeesToPayTaxesRelatedToStockBasedAwardsValue`	$52.88M	USD	1 Quarter
Shares surrendered by employees to pay taxes related to stock-based awards	`SharesSurrenderedByEmployeesToPayTaxesRelatedToStockBasedAwardsValue`	$49.16M	USD	1 Quarter
Compensation expense from stock-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$34.12M	USD	1 Quarter
Compensation expense from stock-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$45.94M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$125.00M	USD	1 Quarter
Repurchases of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	0.00	shares	1 Quarter
Repurchases of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	1.00M	shares	1 Quarter
Net income	`NetIncomeLoss`	$46.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$75.03M	USD	1 Quarter
Unrealized gain (loss) on net investment hedges, net of tax	`OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax`	$2.50M	USD	1 Quarter
Unrealized gain (loss) on net investment hedges, net of tax	`OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax`	$-11.48M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$60.03M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-5.67M	USD	1 Quarter
Change in pension benefits, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$308.00K	USD	1 Quarter
Change in pension benefits, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-650.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$2.40B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.95B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.04B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.30B	USD	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	118.16M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	117.47M	shares	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Hedge gain (loss) arising during the period, tax	`OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationTaxProvisionBenefitAmount`	$800.00K	USD	1 Quarter
Hedge gain (loss) arising during the period, tax	`OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationTaxProvisionBenefitAmount`	$-3.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$46.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$75.03M	USD	1 Quarter
Foreign currency translation adjustment, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation adjustment, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Hedge gain (loss) arising during the period, net of tax of $3.8 million and $(0.8) million in the first quarter of 2023 and 2022, respectively	`OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationAfterTax`	$2.50M	USD	1 Quarter
Amortization of net actuarial pension loss included in net income, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$100.00K	USD	1 Quarter
Hedge gain (loss) arising during the period, net of tax of $3.8 million and $(0.8) million in the first quarter of 2023 and 2022, respectively	`OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationAfterTax`	$-11.48M	USD	1 Quarter
Amortization of net actuarial pension loss included in net income, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	-	USD	1 Quarter
Foreign currency translation adjustment, net of tax of $0 for each period	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$60.03M	USD	1 Quarter
Foreign currency translation adjustment, net of tax of $0 for each period	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-5.67M	USD	1 Quarter
Amortization of net actuarial pension loss included in net income, net of tax of $0.0 million and $(0.1) million in the first quarter of 2023 and 2022, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-41.00K	USD	1 Quarter
Amortization of net actuarial pension loss included in net income, net of tax of $0.0 million and $(0.1) million in the first quarter of 2023 and 2022, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-265.00K	USD	1 Quarter
Change in unamortized pension gain (loss) during the period related to changes in foreign currency	`OtherComprehensiveIncomeLossPensionandOtherPostretirementBenefitPlansNetUnamortizedGainLossofForeignCurrencyArisingDuringPeriodNetofTax`	$-349.00K	USD	1 Quarter
Change in unamortized pension gain (loss) during the period related to changes in foreign currency	`OtherComprehensiveIncomeLossPensionandOtherPostretirementBenefitPlansNetUnamortizedGainLossofForeignCurrencyArisingDuringPeriodNetofTax`	$385.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.52M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$48.24M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$43.57M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$123.27M	USD	1 Quarter

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