10-Q Filing

PTC INC. CIK: 857005 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0000950170-24-010527`
Period End Date	20231231
Filing Date	20240202
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	ptc-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 38 Cash Flow Statement 68 Stockholders Equity 24 Comprehensive Income 18

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$265.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$288.10M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$480.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$429.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $480 and $429 at December 31, 2023 and September 30, 2023, respectively	`AccountsReceivableNetCurrent`	$811.40M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $480 and $429 at December 31, 2023 and September 30, 2023, respectively	`AccountsReceivableNetCurrent`	$678.00M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$96.02M	USD	Point-in-time
Preferred stock, par value (in USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$123.16M	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
Other current assets	`OtherAssetsCurrent`	$81.85M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$68.25M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.28B	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
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$88.39M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$85.39M	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Goodwill	`Goodwill`	$3.46B	USD	Point-in-time
Goodwill	`Goodwill`	$3.36B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	119.44M	shares	Point-in-time
Acquired intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$953.37M	USD	Point-in-time
Acquired intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$941.25M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	118.85M	shares	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$123.32M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$123.11M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	119.44M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	118.85M	shares	Point-in-time
Operating right-of-use lease assets	`OperatingLeaseRightOfUseAsset`	$141.34M	USD	Point-in-time
Operating right-of-use lease assets	`OperatingLeaseRightOfUseAsset`	$143.03M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$356.98M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$375.08M	USD	Point-in-time
Total assets	`Assets`	$6.29B	USD	Point-in-time
Total assets	`Assets`	$6.27B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$43.48M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherLiabilityCurrent`	$132.84M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherLiabilityCurrent`	$118.75M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$160.43M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$117.37M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$14.92M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$14.06M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$9.38M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$12.50M	USD	Point-in-time
Deferred acquisition payments	`DeferredAcquisitionPayment`	$620.04M	USD	Point-in-time
Deferred acquisition payments	`DeferredAcquisitionPayment`	-	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$665.36M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$649.71M	USD	Point-in-time
Short-term lease obligations	`OperatingLeaseLiabilityCurrent`	$24.74M	USD	Point-in-time
Short-term lease obligations	`OperatingLeaseLiabilityCurrent`	$23.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$950.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.67B	USD	Point-in-time
Long-term debt	`LongTermDebt`	$1.69B	USD	Point-in-time
Long-term debt	`LongTermDebt`	$2.25B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$40.76M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$29.51M	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$16.19M	USD	Point-in-time
Long-term deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$15.78M	USD	Point-in-time
Long-term lease obligations	`OperatingLeaseLiabilityNoncurrent`	$168.46M	USD	Point-in-time
Long-term lease obligations	`OperatingLeaseLiabilityNoncurrent`	$166.46M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$42.82M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$39.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.61B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.46B	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`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; 119,445 and 118,846 shares issued and outstanding at December 31, 2023 and September 30, 2023, respectively	`CommonStockValue`	$1.19M	USD	Point-in-time
Common stock, $0.01 par value; 500,000 shares authorized; 119,445 and 118,846 shares issued and outstanding at December 31, 2023 and September 30, 2023, respectively	`CommonStockValue`	$1.19M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.82B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.86B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.04B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$973.28M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-95.14M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-118.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.68B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.40B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.30B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.81B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$6.29B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$6.27B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$550.21M	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`	$110.02M	USD	1 Quarter
Gross margin	`GrossProfit`	$370.12M	USD	1 Quarter
Gross margin	`GrossProfit`	$440.19M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$118.38M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$136.92M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$88.18M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$105.78M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$69.21M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$50.97M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfAcquiredIntangibleAssetsExcludingPurchasedSoftware`	$10.36M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfAcquiredIntangibleAssetsExcludingPurchasedSoftware`	$8.03M	USD	1 Quarter
Restructuring and other credits, net	`RestructuringCostsAndAssetImpairmentCharges`	$-338.00K	USD	1 Quarter
Restructuring and other credits, net	`RestructuringCostsAndAssetImpairmentCharges`	$-795.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$321.48M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$265.22M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$104.90M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$118.71M	USD	1 Quarter
Interest and debt premium expense	`InterestExpense`	$35.33M	USD	1 Quarter
Interest and debt premium expense	`InterestExpense`	$16.36M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-2.12M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$2.22M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$85.60M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$86.42M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.39M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$66.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$75.03M	USD	1 Quarter
Earnings per shareBasic	`EarningsPerShareBasic`	$0.64	USD	1 Quarter
Earnings per shareBasic	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Earnings per shareDiluted	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Earnings per shareDiluted	`EarningsPerShareDiluted`	$0.63	USD	1 Quarter
Weighted-average shares outstandingBasic	`WeightedAverageNumberOfSharesOutstandingBasic`	119.12M	shares	1 Quarter
Weighted-average shares outstandingBasic	`WeightedAverageNumberOfSharesOutstandingBasic`	117.82M	shares	1 Quarter
Weighted-average shares outstandingDiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	118.79M	shares	1 Quarter
Weighted-average shares outstandingDiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	120.25M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$66.39M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$75.03M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$21.33M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$27.22M	USD	1 Quarter
Amortization of right-of-use lease assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$7.72M	USD	1 Quarter
Amortization of right-of-use lease assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$8.05M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$41.50M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$59.01M	USD	1 Quarter
Other non-cash items, net	`OtherNoncashIncomeExpense`	$1.09M	USD	1 Quarter
Other non-cash items, net	`OtherNoncashIncomeExpense`	$617.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-153.95M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-105.51M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$7.68M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-51.20M	USD	1 Quarter
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-17.53M	USD	1 Quarter
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-13.48M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-19.64M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-29.09M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$13.47M	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`	$19.34M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-4.95M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$7.89M	USD	1 Quarter
Other noncurrent assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssets`	$34.42M	USD	1 Quarter
Other noncurrent assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssets`	$21.26M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$187.34M	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`	$4.56M	USD	1 Quarter
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$93.46M	USD	1 Quarter
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Settlement of net investment hedges	`PaymentsForProceedsFromHedgeInvestingActivities`	$7.35M	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 investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.13M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-105.37M	USD	1 Quarter
Borrowings under credit facility	`ProceedsFromLinesOfCredit`	$739.85M	USD	1 Quarter
Borrowings under credit facility	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Repayments of borrowings under credit facility and acquired debt	`RepaymentsOfLongTermDebt`	$181.44M	USD	1 Quarter
Repayments of borrowings under credit facility and acquired debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Payments of withholding taxes in connection with stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$52.42M	USD	1 Quarter
Payments of withholding taxes in connection with stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$50.33M	USD	1 Quarter
Payments of principal for financing leases	`FinanceLeasePrincipalPayments`	$217.00K	USD	1 Quarter
Payments of principal for financing leases	`FinanceLeasePrincipalPayments`	-	USD	1 Quarter
Credit facility origination costs	`PaymentsOfCreditFacilityOriginationCosts`	$1.35M	USD	1 Quarter
Credit facility origination costs	`PaymentsOfCreditFacilityOriginationCosts`	-	USD	1 Quarter
Payment of deferred acquisition consideration	`PaymentOfDeferredAcquisitionConsideration`	$620.04M	USD	1 Quarter
Payment of deferred acquisition consideration	`PaymentOfDeferredAcquisitionConsideration`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-53.99M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-111.96M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.69M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.62M	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`	$-23.30M	USD	1 Quarter
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$288.80M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$265.50M	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`	$272.89M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$288.80M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$265.50M	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`	$272.89M	USD	Point-in-time
Withholding taxes in connection with stock-based awards, accrued	`WithholdingTaxesInConnectionWithStockBasedAwardsAccrued`	$4.01M	USD	1 Quarter
Withholding taxes in connection with stock-based awards, accrued	`WithholdingTaxesInConnectionWithStockBasedAwardsAccrued`	$452.00K	USD	1 Quarter
Operating right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$13.38M	USD	1 Quarter
Operating right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$1.97M	USD	1 Quarter

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$2.68B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.40B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.30B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.81B	USD	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	119.44M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	118.85M	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`	$54.34M	USD	1 Quarter
Compensation expense from stock-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$34.12M	USD	1 Quarter
Compensation expense from stock-based awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$94.37M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$66.39M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$75.03M	USD	1 Quarter
Loss on net investment hedges, net of tax	`OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax`	$-11.51M	USD	1 Quarter
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`	$34.67M	USD	1 Quarter
Change in defined benefit pension items, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$222.00K	USD	1 Quarter
Change in defined benefit pension items, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$308.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$2.68B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.40B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.30B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.81B	USD	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	119.44M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	118.85M	shares	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$66.39M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$75.03M	USD	1 Quarter
Hedge loss arising during the period, tax	`OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationTaxProvisionBenefitAmount`	$3.80M	USD	1 Quarter
Hedge loss arising during the period, tax	`OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationTaxProvisionBenefitAmount`	$3.80M	USD	1 Quarter
Foreign currency translation adjustment, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation adjustment, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Hedge loss arising during the period, net of tax of $3.8 million and $3.8 million in the first quarter of 2024 and 2023, respectively	`OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationAfterTax`	$-11.48M	USD	1 Quarter
Change in pension benefit, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	1 Quarter
Hedge loss arising during the period, net of tax of $3.8 million and $3.8 million in the first quarter of 2024 and 2023, respectively	`OtherComprehensiveIncomeLossGeneralHedgeGainLossBeforeReclassificationAfterTax`	$-11.51M	USD	1 Quarter
Change in pension benefit, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	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`	$34.67M	USD	1 Quarter
Change in defined benefit pension items, net of tax of $0 for each period	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$222.00K	USD	1 Quarter
Change in defined benefit pension items, net of tax of $0 for each period	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$308.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$22.94M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$48.24M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$89.33M	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.