10-Q Filing

MARKETAXESS HOLDINGS INC CIK: 1278021 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-035159`
Period End Date	20230630
Filing Date	20230727
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	mktx-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 100 Cash Flow Statement 82 Stockholders Equity 51 Comprehensive Income 24

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$421.00K	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$590.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$396.49M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$430.75M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.86M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.86M	shares	Point-in-time
Cash segregated under federal regulations	`CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations`	$52.02M	USD	Point-in-time
Cash segregated under federal regulations	`CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations`	$50.95M	USD	Point-in-time
Investments, at fair value	`MarketableSecurities`	$83.79M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments, at fair value	`MarketableSecurities`	$109.04M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $421 and $590 as of June 30, 2023 and December 31, 2022, respectively	`AccountsReceivableNet`	$92.97M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $421 and $590 as of June 30, 2023 and December 31, 2022, respectively	`AccountsReceivableNet`	$78.45M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Receivables from broker-dealers, clearing organizations and customers	`ReceivablesFromBrokersDealersClearingOrganizationsAndCustomers`	$476.33M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Receivables from broker-dealers, clearing organizations and customers	`ReceivablesFromBrokersDealersClearingOrganizationsAndCustomers`	$479.74M	USD	Point-in-time
Goodwill	`Goodwill`	$154.79M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00M	shares	Point-in-time
Goodwill	`Goodwill`	$154.79M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.95M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.92M	shares	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$89.81M	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$98.06M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.65M	shares	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$99.02M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.68M	shares	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$100.26M	USD	Point-in-time
Treasury Stock, Common, Shares	`TreasuryStockCommonShares`	3.27M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$63.67M	USD	Point-in-time
Treasury Stock, Common, Shares	`TreasuryStockCommonShares`	3.27M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$66.11M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$68.29M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$81.64M	USD	Point-in-time
Total assets	`Assets`	$1.62B	USD	Point-in-time
Total assets	`Assets`	$1.61B	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$35.88M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$56.30M	USD	Point-in-time
Payables to broker-dealers, clearing organizations and customers	`PayablesToBrokerDealersAndClearingOrganizations`	$287.36M	USD	Point-in-time
Payables to broker-dealers, clearing organizations and customers	`PayablesToBrokerDealersAndClearingOrganizations`	$303.99M	USD	Point-in-time
Income and other tax liabilities	`TaxesPayableCurrentAndNoncurrent`	$28.45M	USD	Point-in-time
Income and other tax liabilities	`TaxesPayableCurrentAndNoncurrent`	$18.52M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$32.42M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$55.26M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$79.92M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$82.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$454.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$526.68M	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`	$339.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$345.47M	USD	Point-in-time
Treasury stock - Common stock voting, at cost, 3,268,584 shares and 3,270,512 shares as of June 30, 2023 and December 31, 2022 respectively	`TreasuryStockValue`	$327.81M	USD	Point-in-time
Treasury stock - Common stock voting, at cost, 3,268,584 shares and 3,270,512 shares as of June 30, 2023 and December 31, 2022 respectively	`TreasuryStockValue`	$328.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.10B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.18B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-37.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.08B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.04B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.17B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.00B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.12B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.02B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.61B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.62B	USD	Point-in-time

Income Statement 100 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$368.29M	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$179.85M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$182.23M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$383.01M	USD	2 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$45.44M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$93.19M	USD	2 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$48.38M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$100.70M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$17.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$30.41M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$15.24M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$33.47M	USD	2 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$15.23M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$12.49M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$24.68M	USD	2 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$30.23M	USD	2 Qtrs
Professional and consulting fees	`ProfessionalFees`	$18.54M	USD	2 Qtrs
Professional and consulting fees	`ProfessionalFees`	$8.92M	USD	1 Quarter
Professional and consulting fees	`ProfessionalFees`	$15.15M	USD	2 Qtrs
Professional and consulting fees	`ProfessionalFees`	$8.02M	USD	1 Quarter
Occupancy	`OccupancyNet`	$3.70M	USD	1 Quarter
Occupancy	`OccupancyNet`	$6.81M	USD	2 Qtrs
Occupancy	`OccupancyNet`	$3.20M	USD	1 Quarter
Occupancy	`OccupancyNet`	$7.09M	USD	2 Qtrs
Marketing and advertising	`MarketingAndAdvertisingExpense`	$4.74M	USD	2 Qtrs
Marketing and advertising	`MarketingAndAdvertisingExpense`	$2.95M	USD	1 Quarter
Marketing and advertising	`MarketingAndAdvertisingExpense`	$6.30M	USD	2 Qtrs
Marketing and advertising	`MarketingAndAdvertisingExpense`	$3.31M	USD	1 Quarter
Clearing costs	`TransactionCosts`	$4.18M	USD	1 Quarter
Clearing costs	`TransactionCosts`	$8.84M	USD	2 Qtrs
Clearing costs	`TransactionCosts`	$8.73M	USD	2 Qtrs
Clearing costs	`TransactionCosts`	$4.26M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.44M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.54M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$7.90M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.78M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$104.12M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$211.93M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$195.39M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$97.44M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$84.79M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$171.08M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$75.73M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$172.89M	USD	2 Qtrs
Interest income	`InterestAndDividendIncomeOperating`	$313.00K	USD	2 Qtrs
Interest income	`InterestAndDividendIncomeOperating`	$254.00K	USD	1 Quarter
Interest income	`InterestAndDividendIncomeOperating`	$5.31M	USD	1 Quarter
Interest income	`InterestAndDividendIncomeOperating`	$9.56M	USD	2 Qtrs
Interest expense	`InterestExpense`	$183.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$53.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$510.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$337.00K	USD	1 Quarter
Equity in earnings of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$454.00K	USD	2 Qtrs
Equity in earnings of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$191.00K	USD	1 Quarter
Equity in earnings of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$250.00K	USD	1 Quarter
Equity in earnings of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$191.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$7.11M	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$4.68M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-2.29M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-3.77M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$3.22M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$6.06M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$4.79M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$7.11M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$180.00M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$89.58M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$78.95M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$177.15M	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`	$43.66M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$133.49M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$59.86M	USD	1 Quarter
Net income	`NetIncomeLoss`	$64.77M	USD	1 Quarter
Net income	`NetIncomeLoss`	$131.69M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$73.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$66.92M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.78	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$3.56	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.60	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$3.52	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.78	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$3.55	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$3.49	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.59	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.40	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.44	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.72	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.70	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.70	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.72	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.53M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.46M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.48M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.48M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.61M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.62M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.59M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.72M	shares	2 Qtrs

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$133.49M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$59.86M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$64.77M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$131.69M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$73.63M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$66.92M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$33.47M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$30.41M	USD	2 Qtrs
Amortization of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$2.72M	USD	2 Qtrs
Amortization of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$3.00M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$14.38M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$14.60M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$-2.44M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$-2.16M	USD	2 Qtrs
Foreign currency transaction (gains) losses	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	2 Qtrs
Foreign currency transaction (gains) losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-3.93M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$2.64M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$1.07M	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.08M	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$23.73M	USD	2 Qtrs
Decrease (increase) in receivables from broker-dealers, clearing organizations and customers	`IncreaseDecreaseInBrokerageReceivables`	$190.07M	USD	2 Qtrs
Decrease (increase) in receivables from broker-dealers, clearing organizations and customers	`IncreaseDecreaseInBrokerageReceivables`	$-19.15M	USD	2 Qtrs
(Increase) in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$12.41M	USD	2 Qtrs
(Increase) in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.63M	USD	2 Qtrs
(Decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-24.03M	USD	2 Qtrs
(Decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-20.75M	USD	2 Qtrs
(Decrease) increase in payables to broker-dealers, clearing organizations and customers	`IncreaseDecreaseInPayablesToBrokerDealers`	$145.89M	USD	2 Qtrs
(Decrease) increase in payables to broker-dealers, clearing organizations and customers	`IncreaseDecreaseInPayablesToBrokerDealers`	$-21.75M	USD	2 Qtrs
(Decrease) in income and other tax liabilities	`IncreaseDecreaseInIncomeTaxes`	$-7.72M	USD	2 Qtrs
(Decrease) in income and other tax liabilities	`IncreaseDecreaseInIncomeTaxes`	$-10.18M	USD	2 Qtrs
(Decrease) increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.14M	USD	2 Qtrs
(Decrease) increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-9.76M	USD	2 Qtrs
(Decrease) in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-3.11M	USD	2 Qtrs
(Decrease) in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-3.29M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$69.91M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$112.92M	USD	2 Qtrs
Proceeds from maturities and sales	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$1.97M	USD	2 Qtrs
Proceeds from maturities and sales	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	-	USD	2 Qtrs
Purchases	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	-	USD	2 Qtrs
Purchases	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$26.75M	USD	2 Qtrs
Acquisition of equity method investment	`PaymentsToAcquireEquityMethodInvestments`	$34.40M	USD	2 Qtrs
Acquisition of equity method investment	`PaymentsToAcquireEquityMethodInvestments`	-	USD	2 Qtrs
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.27M	USD	2 Qtrs
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.68M	USD	2 Qtrs
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$21.71M	USD	2 Qtrs
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$18.56M	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-47.77M	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-55.64M	USD	2 Qtrs
Cash dividend on common stock	`PaymentsOfOrdinaryDividends`	$55.25M	USD	2 Qtrs
Cash dividend on common stock	`PaymentsOfOrdinaryDividends`	$53.53M	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$136.00K	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$725.00K	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`	$20.65M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	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`	$12.50M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$100.00M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$50.00M	USD	2 Qtrs
Repayments of short-term borrowings	`RepaymentsOfSubordinatedDebt`	$50.00M	USD	2 Qtrs
Repayments of short-term borrowings	`RepaymentsOfSubordinatedDebt`	$100.00M	USD	2 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-87.67M	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`	$7.18M	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`	$-15.34M	USD	2 Qtrs
Net decrease for the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-196.68M	USD	2 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$625.57M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$572.66M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$428.89M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$557.33M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$625.57M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$572.66M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$428.89M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$557.33M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$63.80M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$47.99M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$429.00K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$241.00K	USD	2 Qtrs
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	2 Qtrs
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$1.65M	USD	2 Qtrs

Stockholders Equity 51 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.40	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.44	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.72	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.70	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.70	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.72	USD	1 Quarter
Beginning Balance	`StockholdersEquity`	$1.08B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.04B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.17B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.00B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.12B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.02B	USD	Point-in-time
Net Income (Loss)	`NetIncomeLoss`	$133.49M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$59.86M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$64.77M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$131.69M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$73.63M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$66.92M	USD	1 Quarter
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$9.96M	USD	2 Qtrs
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.21M	USD	1 Quarter
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-21.46M	USD	1 Quarter
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.75M	USD	1 Quarter
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-26.51M	USD	2 Qtrs
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.05M	USD	1 Quarter
Unrealized net gain (loss) on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-41.00K	USD	1 Quarter
Unrealized net gain (loss) on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-126.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.49M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.89M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.50M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.10M	USD	1 Quarter
Reissuance of treasury stock	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$454.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$86.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$707.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$50.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$18.00K	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`	$155.00K	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`	$20.49M	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`	$26.39M	USD	1 Quarter
Cash dividend on common stock	`DividendsCommonStockCash`	$26.54M	USD	1 Quarter
Cash dividend on common stock	`DividendsCommonStockCash`	$27.13M	USD	1 Quarter
Cash dividend on common stock	`DividendsCommonStockCash`	$27.06M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$1.08B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.04B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.17B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.00B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.12B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.02B	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	2 Qtrs
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-56.00K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$133.49M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$59.86M	USD	1 Quarter
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-41.00K	USD	1 Quarter
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$64.77M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$131.69M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$73.63M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$66.92M	USD	1 Quarter
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$9.96M	USD	2 Qtrs
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.21M	USD	1 Quarter
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-21.46M	USD	1 Quarter
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.75M	USD	1 Quarter
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-26.51M	USD	2 Qtrs
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.05M	USD	1 Quarter
Net unrealized gain (loss) on securities available-for-sale, net of tax of $(41), $0, $(56) and $0, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Net unrealized gain (loss) on securities available-for-sale, net of tax of $(41), $0, $(56) and $0, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-167.00K	USD	2 Qtrs
Net unrealized gain (loss) on securities available-for-sale, net of tax of $(41), $0, $(56) and $0, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	2 Qtrs
Net unrealized gain (loss) on securities available-for-sale, net of tax of $(41), $0, $(56) and $0, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-126.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$63.94M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$143.28M	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.