10-Q Filing

PTC INC. CIK: 857005 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-017177`
Period End Date	20230331
Filing Date	20230503
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	ptc-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 76 Cash Flow Statement 79 Stockholders Equity 50 Comprehensive Income 40

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$272.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$320.48M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$362.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$355.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $355 and $362 at March 31, 2023 and September 30, 2022, respectively	`AccountsReceivableNetCurrent`	$636.56M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $355 and $362 at March 31, 2023 and September 30, 2022, respectively	`AccountsReceivableNetCurrent`	$643.02M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$88.85M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$119.30M	USD	Point-in-time
Preferred stock, par value (in USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	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`	$83.62M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$71.06M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.17B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.07B	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
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$92.00M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$98.10M	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Goodwill	`Goodwill`	$2.35B	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
Goodwill	`Goodwill`	$3.37B	USD	Point-in-time
Acquired intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$979.22M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	117.47M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	118.33M	shares	Point-in-time
Acquired intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$382.72M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$256.09M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$151.15M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	117.47M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	118.33M	shares	Point-in-time
Operating right-of-use lease assets	`OperatingLeaseRightOfUseAsset`	$137.78M	USD	Point-in-time
Operating right-of-use lease assets	`OperatingLeaseRightOfUseAsset`	$150.33M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$390.27M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$391.46M	USD	Point-in-time
Total assets	`Assets`	$4.69B	USD	Point-in-time
Total assets	`Assets`	$6.30B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$37.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$40.15M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherLiabilityCurrent`	$138.18M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherLiabilityCurrent`	$117.16M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$104.02M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$110.03M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$5.14M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$13.32M	USD	Point-in-time
Deferred acquisition payments	`BusinessCombinationContingentConsiderationLiabilityCurrent`	-	USD	Point-in-time
Deferred acquisition payments	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$620.04M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$503.78M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$649.26M	USD	Point-in-time
Short-term lease obligations	`OperatingLeaseLiabilityCurrent`	$24.52M	USD	Point-in-time
Short-term lease obligations	`OperatingLeaseLiabilityCurrent`	$22.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.59B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$792.26M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$1.35B	USD	Point-in-time
Long-term debt	`LongTermDebt`	$1.92B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$38.22M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$28.40M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$16.55M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$22.14M	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`	$32.87M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$35.83M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.78B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.39B	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 14)	`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; 118,334 and 117,472 shares issued and outstanding at March 31, 2023 and September 30, 2022, respectively	`CommonStockValue`	$1.18M	USD	Point-in-time
Common stock, $0.01 par value; 500,000 shares authorized; 118,334 and 117,472 shares issued and outstanding at March 31, 2023 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`	$1.75B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$866.28M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$727.74M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-153.46M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-98.50M	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`	$2.30B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.08B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.52B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.04B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$4.69B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$6.30B	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$542.18M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$505.23M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.01B	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$962.95M	USD	2 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$209.30M	USD	2 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$113.51M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$188.46M	USD	2 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$93.34M	USD	1 Quarter
Gross margin	`GrossProfit`	$428.68M	USD	1 Quarter
Gross margin	`GrossProfit`	$411.89M	USD	1 Quarter
Gross margin	`GrossProfit`	$774.49M	USD	2 Qtrs
Gross margin	`GrossProfit`	$798.79M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$241.88M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$129.21M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$116.41M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$247.59M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$162.47M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$100.35M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$81.94M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$188.53M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$116.89M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$65.92M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$99.41M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$47.47M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfAcquiredIntangibleAssetsExcludingPurchasedSoftware`	$8.45M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfAcquiredIntangibleAssetsExcludingPurchasedSoftware`	$16.93M	USD	2 Qtrs
Amortization of acquired intangible assets	`AmortizationOfAcquiredIntangibleAssetsExcludingPurchasedSoftware`	$10.66M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfAcquiredIntangibleAssetsExcludingPurchasedSoftware`	$18.68M	USD	2 Qtrs
Restructuring and other charges (credits), net	`RestructuringCostsAndAssetImpairmentCharges`	$1.00K	USD	1 Quarter
Restructuring and other charges (credits), net	`RestructuringCostsAndAssetImpairmentCharges`	$-337.00K	USD	2 Qtrs
Restructuring and other charges (credits), net	`RestructuringCostsAndAssetImpairmentCharges`	$-1.56M	USD	1 Quarter
Restructuring and other charges (credits), net	`RestructuringCostsAndAssetImpairmentCharges`	$32.43M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$306.14M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$571.36M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$553.12M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$252.70M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$159.19M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$122.54M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$227.44M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$221.37M	USD	2 Qtrs
Interest and debt premium expense	`InterestExpense`	$12.24M	USD	1 Quarter
Interest and debt premium expense	`InterestExpense`	$57.88M	USD	2 Qtrs
Interest and debt premium expense	`InterestExpense`	$41.52M	USD	1 Quarter
Interest and debt premium expense	`InterestExpense`	$25.23M	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$-37.20M	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$55.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-2.06M	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$-43.38M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$81.07M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$158.94M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$167.49M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$103.57M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$23.17M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.57M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$28.95M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$63.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$138.54M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$135.77M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$89.68M	USD	1 Quarter
Earnings per shareBasic	`EarningsPerShareBasic`	$1.16	USD	2 Qtrs
Earnings per shareBasic	`EarningsPerShareBasic`	$0.54	USD	1 Quarter
Earnings per shareBasic	`EarningsPerShareBasic`	$1.17	USD	2 Qtrs
Earnings per shareBasic	`EarningsPerShareBasic`	$0.77	USD	1 Quarter
Earnings per shareDiluted	`EarningsPerShareDiluted`	$1.15	USD	2 Qtrs
Earnings per shareDiluted	`EarningsPerShareDiluted`	$0.76	USD	1 Quarter
Earnings per shareDiluted	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Earnings per shareDiluted	`EarningsPerShareDiluted`	$1.17	USD	2 Qtrs
Weighted-average shares outstandingBasic	`WeightedAverageNumberOfSharesOutstandingBasic`	117.14M	shares	2 Qtrs
Weighted-average shares outstandingBasic	`WeightedAverageNumberOfSharesOutstandingBasic`	117.01M	shares	1 Quarter
Weighted-average shares outstandingBasic	`WeightedAverageNumberOfSharesOutstandingBasic`	118.04M	shares	2 Qtrs
Weighted-average shares outstandingBasic	`WeightedAverageNumberOfSharesOutstandingBasic`	118.26M	shares	1 Quarter
Weighted-average shares outstandingDiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	118.91M	shares	2 Qtrs
Weighted-average shares outstandingDiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	119.04M	shares	1 Quarter
Weighted-average shares outstandingDiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	117.81M	shares	1 Quarter
Weighted-average shares outstandingDiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	118.16M	shares	2 Qtrs

Cash Flow Statement 79 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$63.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$138.54M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$135.77M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$89.68M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.47M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$49.04M	USD	2 Qtrs
Amortization of right-of-use lease assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$17.54M	USD	2 Qtrs
Amortization of right-of-use lease assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$16.56M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$93.75M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$37.92M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$83.86M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$52.25M	USD	1 Quarter
Loss on investment	`GainLossOnInvestments`	-	USD	2 Qtrs
Loss on investment	`GainLossOnInvestments`	$-34.85M	USD	2 Qtrs
Other non-cash items, net	`OtherNoncashIncomeExpense`	$110.00K	USD	2 Qtrs
Other non-cash items, net	`OtherNoncashIncomeExpense`	$2.09M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-12.31M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-86.48M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-23.39M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$11.11M	USD	2 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-18.47M	USD	2 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-16.54M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$36.09M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$47.01M	USD	2 Qtrs
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-6.28M	USD	2 Qtrs
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-12.17M	USD	2 Qtrs
Other current assets and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$20.57M	USD	2 Qtrs
Other current assets and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$786.00K	USD	2 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-3.36M	USD	2 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$4.99M	USD	2 Qtrs
Other noncurrent assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssets`	$24.49M	USD	2 Qtrs
Other noncurrent assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssets`	$11.17M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$391.87M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$280.06M	USD	2 Qtrs
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.95M	USD	2 Qtrs
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.51M	USD	2 Qtrs
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$828.27M	USD	2 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleOfInvestments`	-	USD	2 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleOfInvestments`	$42.69M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireOtherInvestments`	$5.82M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireOtherInvestments`	-	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$4.45M	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	2 Qtrs
Settlement of net investment hedges	`PaymentsForProceedsFromHedgeInvestingActivities`	$12.54M	USD	2 Qtrs
Settlement of net investment hedges	`PaymentsForProceedsFromHedgeInvestingActivities`	$-11.31M	USD	2 Qtrs
Divestitures of businesses and assets, net	`DivestituresOfBusinessesAndAssetsNet`	$154.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$44.04M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-859.74M	USD	2 Qtrs
Borrowings under credit facility	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Borrowings under credit facility	`ProceedsFromLinesOfCredit`	$1.13B	USD	2 Qtrs
Repayments of borrowings under credit facility	`RepaymentsOfLinesOfCredit`	$564.00M	USD	2 Qtrs
Repayments of borrowings under credit facility	`RepaymentsOfLinesOfCredit`	$175.00M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$125.00M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.86M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.59M	USD	2 Qtrs
Payments of withholding taxes in connection with stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$50.59M	USD	2 Qtrs
Payments of withholding taxes in connection with stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$56.02M	USD	2 Qtrs
Payments of principal for financing leases	`FinanceLeasePrincipalPayments`	-	USD	1 Quarter
Payments of principal for financing leases	`FinanceLeasePrincipalPayments`	$217.00K	USD	2 Qtrs
Payments of principal for financing leases	`FinanceLeasePrincipalPayments`	$239.00K	USD	2 Qtrs
Payments of principal for financing leases	`FinanceLeasePrincipalPayments`	-	USD	1 Quarter
Credit facility origination costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Credit facility origination costs	`PaymentsOfDebtIssuanceCosts`	$13.36M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-339.98M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$507.00M	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$9.18M	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-3.74M	USD	2 Qtrs
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$48.31M	USD	2 Qtrs
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-19.62M	USD	2 Qtrs
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$307.43M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$321.19M	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`	$272.89M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$307.43M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$321.19M	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`	$272.89M	USD	Point-in-time

Stockholders Equity 50 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`	$2.30B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.08B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.52B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.04B	USD	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	117.47M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	118.33M	shares	Point-in-time
Shares surrendered by employees to pay taxes related to stock-based awards	`SharesSurrenderedByEmployeesToPayTaxesRelatedToStockBasedAwardsValue`	$1.43M	USD	1 Quarter
Shares surrendered by employees to pay taxes related to stock-based awards	`SharesSurrenderedByEmployeesToPayTaxesRelatedToStockBasedAwardsValue`	$56.02M	USD	2 Qtrs
Shares surrendered by employees to pay taxes related to stock-based awards	`SharesSurrenderedByEmployeesToPayTaxesRelatedToStockBasedAwardsValue`	$3.15M	USD	1 Quarter
Shares surrendered by employees to pay taxes related to stock-based awards	`SharesSurrenderedByEmployeesToPayTaxesRelatedToStockBasedAwardsValue`	$50.59M	USD	2 Qtrs
Common stock issued for employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$10.86M	USD	1 Quarter
Common stock issued for employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$10.59M	USD	2 Qtrs
Common stock issued for employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$10.86M	USD	2 Qtrs
Common stock issued for employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$10.59M	USD	1 Quarter
Compensation expense from stock-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$40.31M	USD	1 Quarter
Compensation expense from stock-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$83.86M	USD	2 Qtrs
Compensation expense from stock-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$74.43M	USD	2 Qtrs
Compensation expense from stock-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$37.92M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$125.00M	USD	2 Qtrs
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$1.00K	USD	1 Quarter
Repurchases of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	43,000.00	shares	1 Quarter
Repurchases of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	0.00	shares	1 Quarter
Repurchases of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	0.00	shares	2 Qtrs
Repurchases of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	1.05M	shares	2 Qtrs
Net income	`NetIncomeLoss`	$63.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$138.54M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$135.77M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$89.68M	USD	1 Quarter
Unrealized gain (loss) on net investment hedges, net of tax	`OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax`	$-13.48M	USD	2 Qtrs
Unrealized gain (loss) on net investment hedges, net of tax	`OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax`	$3.70M	USD	1 Quarter
Unrealized gain (loss) on net investment hedges, net of tax	`OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax`	$-2.00M	USD	1 Quarter
Unrealized gain (loss) on net investment hedges, net of tax	`OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax`	$6.19M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$68.78M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-17.02M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$8.75M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-11.36M	USD	1 Quarter
Change in pension benefits, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$332.00K	USD	2 Qtrs
Change in pension benefits, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.45M	USD	2 Qtrs
Change in pension benefits, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$24.00K	USD	1 Quarter
Change in pension benefits, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-798.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$2.40B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.95B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.30B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.08B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.52B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.04B	USD	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	117.47M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	118.33M	shares	Point-in-time

Comprehensive Income 40 line items

Line Item	Tag	Value	Unit	Period
Hedge gain arising during the period, tax	`OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationTaxProvisionBenefitAmount`	$-2.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$63.50M	USD	1 Quarter
Hedge gain arising during the period, tax	`OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationTaxProvisionBenefitAmount`	$700.00K	USD	1 Quarter
Hedge gain arising during the period, tax	`OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationTaxProvisionBenefitAmount`	$1.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$138.54M	USD	2 Qtrs
Hedge gain arising during the period, tax	`OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationTaxProvisionBenefitAmount`	$4.50M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$135.77M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$89.68M	USD	1 Quarter
Foreign currency translation adjustment, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation adjustment, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	2 Qtrs
Foreign currency translation adjustment, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	2 Qtrs
Foreign currency translation adjustment, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Amortization of net actuarial pension gain included in net income, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	-	USD	1 Quarter
Amortization of net actuarial pension gain included in net income, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	-	USD	2 Qtrs
Hedge gain (loss) arising during the period, net of tax of $0.7 million and $1.2 million in the second quarter of 2023 and 2022, respectively, and $4.5 million and $(2.0) million in the first six months of 2023 and 2022, respectively	`OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationAfterTax`	$3.70M	USD	1 Quarter
Hedge gain (loss) arising during the period, net of tax of $0.7 million and $1.2 million in the second quarter of 2023 and 2022, respectively, and $4.5 million and $(2.0) million in the first six months of 2023 and 2022, respectively	`OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationAfterTax`	$-13.48M	USD	2 Qtrs
Hedge gain (loss) arising during the period, net of tax of $0.7 million and $1.2 million in the second quarter of 2023 and 2022, respectively, and $4.5 million and $(2.0) million in the first six months of 2023 and 2022, respectively	`OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationAfterTax`	$6.19M	USD	2 Qtrs
Amortization of net actuarial pension gain included in net income, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$200.00K	USD	2 Qtrs
Amortization of net actuarial pension gain included in net income, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$100.00K	USD	1 Quarter
Hedge gain (loss) arising during the period, net of tax of $0.7 million and $1.2 million in the second quarter of 2023 and 2022, respectively, and $4.5 million and $(2.0) million in the first six months of 2023 and 2022, respectively	`OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationAfterTax`	$-2.00M	USD	1 Quarter
Foreign currency translation adjustment, net of tax of $0 for each period	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$68.78M	USD	2 Qtrs
Foreign currency translation adjustment, net of tax of $0 for each period	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-17.02M	USD	2 Qtrs
Foreign currency translation adjustment, net of tax of $0 for each period	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$8.75M	USD	1 Quarter
Foreign currency translation adjustment, net of tax of $0 for each period	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-11.36M	USD	1 Quarter
Amortization of net actuarial pension loss included in net income, net of tax of $0 million and $0.1 million in the second quarter of 2023 and 2022, respectively, and $0 million and $0.2 million in the first six months of 2023 and 2022, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-525.00K	USD	2 Qtrs
Amortization of net actuarial pension loss included in net income, net of tax of $0 million and $0.1 million in the second quarter of 2023 and 2022, respectively, and $0 million and $0.2 million in the first six months 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 million and $0.1 million in the second quarter of 2023 and 2022, respectively, and $0 million and $0.2 million in the first six months of 2023 and 2022, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-260.00K	USD	1 Quarter
Amortization of net actuarial pension loss included in net income, net of tax of $0 million and $0.1 million in the second quarter of 2023 and 2022, respectively, and $0 million and $0.2 million in the first six months of 2023 and 2022, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-82.00K	USD	2 Qtrs
Change in unamortized pension gain (loss) during the period related to changes in foreign currency	`OtherComprehensiveIncomeLossPensionandOtherPostretirementBenefitPlansNetUnamortizedGainLossofForeignCurrencyArisingDuringPeriodNetofTax`	$-414.00K	USD	2 Qtrs
Change in unamortized pension gain (loss) during the period related to changes in foreign currency	`OtherComprehensiveIncomeLossPensionandOtherPostretirementBenefitPlansNetUnamortizedGainLossofForeignCurrencyArisingDuringPeriodNetofTax`	$923.00K	USD	2 Qtrs
Change in unamortized pension gain (loss) during the period related to changes in foreign currency	`OtherComprehensiveIncomeLossPensionandOtherPostretirementBenefitPlansNetUnamortizedGainLossofForeignCurrencyArisingDuringPeriodNetofTax`	$538.00K	USD	1 Quarter
Change in unamortized pension gain (loss) during the period related to changes in foreign currency	`OtherComprehensiveIncomeLossPensionandOtherPostretirementBenefitPlansNetUnamortizedGainLossofForeignCurrencyArisingDuringPeriodNetofTax`	$-65.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$54.96M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$6.72M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-6.86M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-9.38M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$193.50M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$82.82M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$126.38M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$70.23M	USD	1 Quarter

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