10-Q Filing

F5, INC. CIK: 1048695 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001048695-23-000011`
Period End Date	20221231
Filing Date	20230203
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	ffiv-20221231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 34 Cash Flow Statement 70 Stockholders Equity 28 Comprehensive Income 18

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.42M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.02M	USD	Point-in-time
Preferred stock, par value (dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, par value (dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$605.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$758.01M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$126.55M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$54.02M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, par value (dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Accounts receivable, net of allowances of $6,417 and $6,020	`AccountsReceivableNetCurrent`	$469.98M	USD	Point-in-time
Accounts receivable, net of allowances of $6,417 and $6,020	`AccountsReceivableNetCurrent`	$485.28M	USD	Point-in-time
Inventories	`InventoryNet`	$68.36M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Inventories	`InventoryNet`	$59.20M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$510.28M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	60.12M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$489.31M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	59.86M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.91B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.71B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$168.18M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$167.71M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$223.95M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$227.47M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$9.54M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$7.81M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$208.56M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$183.37M	USD	Point-in-time
Goodwill	`Goodwill`	$2.26B	USD	Point-in-time
Goodwill	`Goodwill`	$2.26B	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$503.75M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$516.12M	USD	Point-in-time
Total assets	`Assets`	$5.28B	USD	Point-in-time
Total assets	`Assets`	$5.09B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$113.18M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$71.76M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$309.82M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$330.52M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.07B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.13B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$349.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.53B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.84B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$2.78M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$2.97M	USD	Point-in-time
Deferred revenue, long-term	`ContractWithCustomerLiabilityNoncurrent`	$628.92M	USD	Point-in-time
Deferred revenue, long-term	`ContractWithCustomerLiabilityNoncurrent`	$624.40M	USD	Point-in-time
Operating lease liabilities, long-term	`OperatingLeaseLiabilityNoncurrent`	$267.70M	USD	Point-in-time
Operating lease liabilities, long-term	`OperatingLeaseLiabilityNoncurrent`	$272.38M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$67.71M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$70.14M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$967.26M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$969.74M	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, no par value; 10,000 shares authorized, no shares outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, no par value; 10,000 shares authorized, no shares outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, no par value; 200,000 shares authorized, 60,117 and 59,860 shares issued and outstanding	`CommonStockValue`	$129.06M	USD	Point-in-time
Common stock, no par value; 200,000 shares authorized, 60,117 and 59,860 shares issued and outstanding	`CommonStockValue`	$91.05M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.22M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-26.18M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.40B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.48B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.58B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.41B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.47B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.36B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$5.09B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$5.28B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue from contract with customer, excluding assessed tax	`RevenueFromContractWithCustomerExcludingAssessedTax`	$700.38M	USD	1 Quarter
Revenue from contract with customer, excluding assessed tax	`RevenueFromContractWithCustomerExcludingAssessedTax`	$687.10M	USD	1 Quarter
Cost of net revenues	`CostOfGoodsAndServicesSold`	$135.07M	USD	1 Quarter
Cost of net revenues	`CostOfGoodsAndServicesSold`	$155.01M	USD	1 Quarter
Gross profit	`GrossProfit`	$545.37M	USD	1 Quarter
Gross profit	`GrossProfit`	$552.03M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$234.03M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$233.10M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$130.27M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$142.32M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$65.66M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$69.99M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$7.91M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$8.74M	USD	1 Quarter
Total	`OperatingExpenses`	$437.88M	USD	1 Quarter
Total	`OperatingExpenses`	$454.16M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$114.15M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$91.21M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-2.43M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$4.70M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$95.91M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$111.72M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$18.16M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$23.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$72.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.56M	USD	1 Quarter
Net income per share basic (dollars per share)	`EarningsPerShareBasic`	$1.54	USD	1 Quarter
Net income per share basic (dollars per share)	`EarningsPerShareBasic`	$1.20	USD	1 Quarter
Weighted average shares basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	60.81M	shares	1 Quarter
Weighted average shares basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	60.10M	shares	1 Quarter
Net income per share diluted (dollars per share)	`EarningsPerShareDiluted`	$1.51	USD	1 Quarter
Net income per share diluted (dollars per share)	`EarningsPerShareDiluted`	$1.20	USD	1 Quarter
Weighted average shares diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.88M	shares	1 Quarter
Weighted average shares diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.39M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$72.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.56M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$63.76M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$62.87M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$30.26M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$27.47M	USD	1 Quarter
Non-cash operating lease costs	`NonCashOperatingLeaseCosts`	$10.17M	USD	1 Quarter
Non-cash operating lease costs	`NonCashOperatingLeaseCosts`	$9.66M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-6.41M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-25.07M	USD	1 Quarter
Impairment of assets	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment of assets	`AssetImpairmentCharges`	$6.17M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-358.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$1.12M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$15.84M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$77.22M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.26M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-9.17M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$44.29M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$20.60M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$21.77M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.25M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-25.39M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-19.98M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$76.06M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$68.54M	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseinLeaseLiabilities`	$-10.61M	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseinLeaseLiabilities`	$-14.17M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$90.37M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$157.63M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$680.00K	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$36.20M	USD	1 Quarter
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$63.52M	USD	1 Quarter
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$38.14M	USD	1 Quarter
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$12.17M	USD	1 Quarter
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$34.55M	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$67.91M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.10M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.56M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$61.90M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-41.99M	USD	1 Quarter
Proceeds from the exercise of stock options and purchases of stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$22.18M	USD	1 Quarter
Proceeds from the exercise of stock options and purchases of stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$27.58M	USD	1 Quarter
Payments for Repurchase of Common Stock	`PaymentsForRepurchaseOfCommonStock`	$125.01M	USD	1 Quarter
Payments for Repurchase of Common Stock	`PaymentsForRepurchaseOfCommonStock`	$40.01M	USD	1 Quarter
Payments on term debt agreement	`RepaymentsOfLongTermDebt`	$5.00M	USD	1 Quarter
Payments on term debt agreement	`RepaymentsOfLongTermDebt`	$350.00M	USD	1 Quarter
Cost of Issuance of Treasury Stock	`CostOfIssuanceOfTreasuryStock`	$7.04M	USD	1 Quarter
Cost of Issuance of Treasury Stock	`CostOfIssuanceOfTreasuryStock`	$13.60M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-374.86M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-116.03M	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-155.33M	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-67.65M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-861.00K	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.08M	USD	1 Quarter
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$609.96M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$762.21M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$515.82M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$584.33M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$609.96M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$762.21M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$515.82M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$584.33M	USD	Point-in-time
Cash paid for amounts included in the measurement of operating lease liabilities	`OperatingLeasePayments`	$16.50M	USD	1 Quarter
Cash paid for amounts included in the measurement of operating lease liabilities	`OperatingLeasePayments`	$13.66M	USD	1 Quarter
Cash paid for interest on long-term debt	`InterestPaidNet`	$1.25M	USD	1 Quarter
Cash paid for interest on long-term debt	`InterestPaidNet`	$2.97M	USD	1 Quarter
Right-of-use assets obtained in exchange for lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$6.19M	USD	1 Quarter
Right-of-use assets obtained in exchange for lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$818.00K	USD	1 Quarter

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance (in shares)	`CommonStockSharesOutstanding`	60.12M	shares	Point-in-time
Beginning Balance (in shares)	`CommonStockSharesOutstanding`	59.86M	shares	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.58B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.41B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.47B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.36B	USD	Point-in-time
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.25M	USD	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$435.00K	USD	1 Quarter
Issuance of stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$21.75M	USD	1 Quarter
Issuance of stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$26.32M	USD	1 Quarter
Issuance of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Issuance of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Stock Repurchased and Retired During Period, Value	`StockRepurchasedAndRetiredDuringPeriodValue`	$40.01M	USD	1 Quarter
Stock Repurchased and Retired During Period, Value	`StockRepurchasedAndRetiredDuringPeriodValue`	$125.01M	USD	1 Quarter
Cost of Issuance of Treasury Stock	`CostOfIssuanceOfTreasuryStock`	$7.04M	USD	1 Quarter
Cost of Issuance of Treasury Stock	`CostOfIssuanceOfTreasuryStock`	$13.60M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$62.87M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$63.76M	USD	1 Quarter
Net income	`NetIncomeLoss`	$72.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.56M	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$2.96M	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-1.14M	USD	1 Quarter
Ending Balance ( in shares)	`CommonStockSharesOutstanding`	60.12M	shares	Point-in-time
Ending Balance ( in shares)	`CommonStockSharesOutstanding`	59.86M	shares	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.47B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.58B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.41B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.36B	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Tax effect of unrealized gain (loss) on securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$114.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$72.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.56M	USD	1 Quarter
Tax effect of unrealized gain (loss) on securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-74.00K	USD	1 Quarter
Tax effect of reclassification adjustment for realized (gains) losses	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$2.00K	USD	1 Quarter
Tax effect of reclassification adjustment for realized (gains) losses	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$20.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-517.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.25M	USD	1 Quarter
Unrealized gains (losses) on securities, net of taxes of $114 and $(74) for the three months ended December 31, 2022 and 2021, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$767.00K	USD	1 Quarter
Unrealized gains (losses) on securities, net of taxes of $114 and $(74) for the three months ended December 31, 2022 and 2021, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-621.00K	USD	1 Quarter
Reclassification adjustment for realized losses included in net income, net of taxes of $20 and $2 for the three months ended December 31, 2022 and 2021, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$60.00K	USD	1 Quarter
Reclassification adjustment for realized losses included in net income, net of taxes of $20 and $2 for the three months ended December 31, 2022 and 2021, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$4.00K	USD	1 Quarter
Net change in unrealized gains (losses) on available-for-sale securities, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$707.00K	USD	1 Quarter
Net change in unrealized gains (losses) on available-for-sale securities, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-625.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$2.96M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-1.14M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$92.42M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$75.36M	USD	1 Quarter

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