10-Q Filing

F5, INC. CIK: 1048695 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001048695-23-000018`
Period End Date	20230331
Filing Date	20230505
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	ffiv-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 70 Cash Flow Statement 74 Stockholders Equity 46 Comprehensive Income 36

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Accounts Receivable, Allowance for Credit Loss	`AllowanceForDoubtfulAccountsReceivable`	$5.18M	USD	Point-in-time
Accounts Receivable, Allowance for Credit Loss	`AllowanceForDoubtfulAccountsReceivable`	$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`	$758.01M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$734.54M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$20.71M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$126.55M	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 $5,181 and $6,020	`AccountsReceivableNetCurrent`	$485.62M	USD	Point-in-time
Accounts receivable, net of allowances of $5,181 and $6,020	`AccountsReceivableNetCurrent`	$469.98M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Inventories	`InventoryNet`	$50.74M	USD	Point-in-time
Inventories	`InventoryNet`	$68.36M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	59.86M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	60.47M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$533.55M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$489.31M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.91B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.83B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$168.18M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$169.77M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$216.29M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$227.47M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$4.74M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$9.54M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$183.37M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$235.11M	USD	Point-in-time
Goodwill	`Goodwill`	$2.29B	USD	Point-in-time
Goodwill	`Goodwill`	$2.26B	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$483.53M	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`	$5.22B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$113.18M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$69.95M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$309.82M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$295.53M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.16B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.07B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$349.77M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	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`	$3.40M	USD	Point-in-time
Deferred revenue, long-term	`ContractWithCustomerLiabilityNoncurrent`	$636.19M	USD	Point-in-time
Deferred revenue, long-term	`ContractWithCustomerLiabilityNoncurrent`	$624.40M	USD	Point-in-time
Operating lease liabilities, long-term	`OperatingLeaseLiabilityNoncurrent`	$272.38M	USD	Point-in-time
Operating lease liabilities, long-term	`OperatingLeaseLiabilityNoncurrent`	$259.92M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$72.58M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$67.71M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$967.26M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$972.09M	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, 60,465 and 59,860 shares issued and outstanding	`CommonStockValue`	$190.59M	USD	Point-in-time
Common stock, no par value; 200,000 shares authorized, 60,465 and 59,860 shares issued and outstanding	`CommonStockValue`	$91.05M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-26.18M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-22.98M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.56B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.40B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.40B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.36B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.41B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.58B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.47B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.73B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$5.28B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$5.22B	USD	Point-in-time

Income Statement 70 line items

Line Item	Tag	Value	Unit	Period
Revenue from contract with customer, excluding assessed tax	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.32B	USD	2 Qtrs
Revenue from contract with customer, excluding assessed tax	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.40B	USD	2 Qtrs
Revenue from contract with customer, excluding assessed tax	`RevenueFromContractWithCustomerExcludingAssessedTax`	$634.22M	USD	1 Quarter
Revenue from contract with customer, excluding assessed tax	`RevenueFromContractWithCustomerExcludingAssessedTax`	$703.17M	USD	1 Quarter
Cost of net revenues	`CostOfGoodsAndServicesSold`	$126.36M	USD	1 Quarter
Cost of net revenues	`CostOfGoodsAndServicesSold`	$310.66M	USD	2 Qtrs
Cost of net revenues	`CostOfGoodsAndServicesSold`	$261.43M	USD	2 Qtrs
Cost of net revenues	`CostOfGoodsAndServicesSold`	$155.65M	USD	1 Quarter
Gross profit	`GrossProfit`	$547.52M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.09B	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.06B	USD	2 Qtrs
Gross profit	`GrossProfit`	$507.87M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$466.18M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$233.08M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$462.86M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$228.83M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$266.11M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$283.69M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$141.36M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$135.84M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$68.55M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$67.04M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$137.03M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$134.22M	USD	2 Qtrs
Restructuring charges	`RestructuringCharges`	$7.91M	USD	2 Qtrs
Restructuring charges	`RestructuringCharges`	$7.90M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$8.74M	USD	2 Qtrs
Restructuring charges	`RestructuringCharges`	-	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$8.70M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	-	USD	1 Quarter
Total	`OperatingExpenses`	$895.63M	USD	2 Qtrs
Total	`OperatingExpenses`	$433.22M	USD	1 Quarter
Total	`OperatingExpenses`	$871.09M	USD	2 Qtrs
Total	`OperatingExpenses`	$441.48M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$74.65M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$106.05M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$197.26M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$188.80M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.93M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$7.44M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$2.74M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-4.37M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$108.78M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$204.70M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$184.43M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$72.71M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$50.86M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$27.35M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$34.64M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$56.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$81.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$153.84M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$149.79M	USD	2 Qtrs
Net income per share basic (dollars per share)	`EarningsPerShareBasic`	$1.35	USD	1 Quarter
Net income per share basic (dollars per share)	`EarningsPerShareBasic`	$2.47	USD	2 Qtrs
Net income per share basic (dollars per share)	`EarningsPerShareBasic`	$0.93	USD	1 Quarter
Net income per share basic (dollars per share)	`EarningsPerShareBasic`	$2.55	USD	2 Qtrs
Weighted average shares basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	60.33M	shares	1 Quarter
Weighted average shares basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	60.57M	shares	1 Quarter
Weighted average shares basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	60.69M	shares	2 Qtrs
Weighted average shares basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	60.21M	shares	2 Qtrs
Net income per share diluted (dollars per share)	`EarningsPerShareDiluted`	$0.92	USD	1 Quarter
Net income per share diluted (dollars per share)	`EarningsPerShareDiluted`	$2.54	USD	2 Qtrs
Net income per share diluted (dollars per share)	`EarningsPerShareDiluted`	$1.34	USD	1 Quarter
Net income per share diluted (dollars per share)	`EarningsPerShareDiluted`	$2.43	USD	2 Qtrs
Weighted average shares diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.41M	shares	1 Quarter
Weighted average shares diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.54M	shares	2 Qtrs
Weighted average shares diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.66M	shares	2 Qtrs
Weighted average shares diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.69M	shares	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$149.79M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$153.84M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$81.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$56.24M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$127.89M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$126.91M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$54.82M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$59.80M	USD	2 Qtrs
Non-cash operating lease costs	`NonCashOperatingLeaseCosts`	$19.36M	USD	2 Qtrs
Non-cash operating lease costs	`NonCashOperatingLeaseCosts`	$20.23M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-15.83M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-49.49M	USD	2 Qtrs
Impairment of assets	`AssetImpairmentCharges`	$6.17M	USD	2 Qtrs
Impairment of assets	`AssetImpairmentCharges`	-	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$439.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-1.88M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$72.78M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$14.32M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-17.62M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$5.83M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$60.90M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$43.55M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$27.89M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-9.35M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-59.53M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-35.65M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$102.93M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$99.30M	USD	2 Qtrs
Lease liabilities	`IncreaseDecreaseinLeaseLiabilities`	$-26.13M	USD	2 Qtrs
Lease liabilities	`IncreaseDecreaseinLeaseLiabilities`	$-22.14M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$298.55M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$216.88M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$53.72M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$689.00K	USD	2 Qtrs
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$96.35M	USD	2 Qtrs
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$95.77M	USD	2 Qtrs
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$78.99M	USD	2 Qtrs
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$16.09M	USD	2 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$67.91M	USD	2 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$35.01M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.79M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.79M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$37.92M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$52.37M	USD	2 Qtrs
Proceeds from the exercise of stock options and purchases of stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$22.46M	USD	2 Qtrs
Proceeds from the exercise of stock options and purchases of stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$28.63M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$250.02M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$40.01M	USD	2 Qtrs
Payments on term debt agreement	`RepaymentsOfLongTermDebt`	$350.00M	USD	2 Qtrs
Payments on term debt agreement	`RepaymentsOfLongTermDebt`	$10.00M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`CostOfIssuanceOfTreasuryStock`	$9.82M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`CostOfIssuanceOfTreasuryStock`	$16.82M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`CostOfIssuanceOfTreasuryStock`	$3.22M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`CostOfIssuanceOfTreasuryStock`	$2.79M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-248.21M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-377.37M	USD	2 Qtrs
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-26.45M	USD	2 Qtrs
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$6.58M	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-997.00K	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.98M	USD	2 Qtrs
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$584.33M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$738.74M	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`	$589.92M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$584.33M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$589.92M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$738.74M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$762.21M	USD	Point-in-time
Cash paid for amounts included in the measurement of operating lease liabilities	`OperatingLeasePayments`	$27.20M	USD	2 Qtrs
Cash paid for amounts included in the measurement of operating lease liabilities	`OperatingLeasePayments`	$30.35M	USD	2 Qtrs
Cash paid for interest on long-term debt	`InterestPaidNet`	$2.97M	USD	2 Qtrs
Cash paid for interest on long-term debt	`InterestPaidNet`	$2.38M	USD	2 Qtrs
Right-of-use assets obtained in exchange for lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$818.00K	USD	2 Qtrs
Right-of-use assets obtained in exchange for lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$9.58M	USD	2 Qtrs

Stockholders Equity 46 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance (in shares)	`CommonStockSharesOutstanding`	59.86M	shares	Point-in-time
Beginning Balance (in shares)	`CommonStockSharesOutstanding`	60.47M	shares	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.40B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.36B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.41B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.58B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.47B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.73B	USD	Point-in-time
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$281.00K	USD	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.05M	USD	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$716.00K	USD	2 Qtrs
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.30M	USD	2 Qtrs
Issuance of stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$26.32M	USD	2 Qtrs
Issuance of stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$21.75M	USD	2 Qtrs
Issuance of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Issuance of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	2 Qtrs
Issuance of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Issuance of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	2 Qtrs
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$125.01M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$250.02M	USD	2 Qtrs
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$40.01M	USD	2 Qtrs
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`CostOfIssuanceOfTreasuryStock`	$2.79M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`CostOfIssuanceOfTreasuryStock`	$3.22M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`CostOfIssuanceOfTreasuryStock`	$9.82M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`CostOfIssuanceOfTreasuryStock`	$16.82M	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$127.89M	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$64.04M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$64.13M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$126.91M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$56.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$149.79M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$153.84M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$81.44M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$3.20M	USD	2 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-1.41M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-2.56M	USD	2 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$242.00K	USD	1 Quarter
Ending Balance ( in shares)	`CommonStockSharesOutstanding`	59.86M	shares	Point-in-time
Ending Balance ( in shares)	`CommonStockSharesOutstanding`	60.47M	shares	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.58B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.41B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.47B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.40B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.36B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.73B	USD	Point-in-time

Comprehensive Income 36 line items

Line Item	Tag	Value	Unit	Period
Tax effect of unrealized gain (loss) on securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$232.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$149.79M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$153.84M	USD	2 Qtrs
Tax effect of unrealized gain (loss) on securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-222.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$81.44M	USD	1 Quarter
Tax effect of unrealized gain (loss) on securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$118.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$56.24M	USD	1 Quarter
Tax effect of unrealized gain (loss) on securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-148.00K	USD	1 Quarter
Tax effect of reclassification adjustment for realized (gains) losses	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$14.00K	USD	2 Qtrs
Tax effect of reclassification adjustment for realized (gains) losses	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$12.00K	USD	1 Quarter
Tax effect of reclassification adjustment for realized (gains) losses	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$78.00K	USD	2 Qtrs
Tax effect of reclassification adjustment for realized (gains) losses	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$58.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.98M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-79.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-266.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-596.00K	USD	2 Qtrs
Unrealized gains (losses) on securities, net of taxes of $118 and $(148) for the three months ended March 31, 2023 and 2022, respectively, and $232 and $(222) for the six months ended March 31, 2023 and 2022, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.06M	USD	1 Quarter
Unrealized gains (losses) on securities, net of taxes of $118 and $(148) for the three months ended March 31, 2023 and 2022, respectively, and $232 and $(222) for the six months ended March 31, 2023 and 2022, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.29M	USD	1 Quarter
Unrealized gains (losses) on securities, net of taxes of $118 and $(148) for the three months ended March 31, 2023 and 2022, respectively, and $232 and $(222) for the six months ended March 31, 2023 and 2022, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.83M	USD	2 Qtrs
Unrealized gains (losses) on securities, net of taxes of $118 and $(148) for the three months ended March 31, 2023 and 2022, respectively, and $232 and $(222) for the six months ended March 31, 2023 and 2022, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.92M	USD	2 Qtrs
Reclassification adjustment for realized losses included in net income, net of taxes of $58 and $12 for the three months ended March 31, 2023 and 2022, respectively, and $78 and $14 for the six months ended March 31, 2023 and 2022, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$44.00K	USD	2 Qtrs
Reclassification adjustment for realized losses included in net income, net of taxes of $58 and $12 for the three months ended March 31, 2023 and 2022, respectively, and $78 and $14 for the six months ended March 31, 2023 and 2022, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$552.00K	USD	1 Quarter
Reclassification adjustment for realized losses included in net income, net of taxes of $58 and $12 for the three months ended March 31, 2023 and 2022, respectively, and $78 and $14 for the six months ended March 31, 2023 and 2022, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$40.00K	USD	1 Quarter
Reclassification adjustment for realized losses included in net income, net of taxes of $58 and $12 for the three months ended March 31, 2023 and 2022, respectively, and $78 and $14 for the six months ended March 31, 2023 and 2022, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$612.00K	USD	2 Qtrs
Net change in unrealized gains (losses) on available-for-sale securities, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-1.33M	USD	1 Quarter
Net change in unrealized gains (losses) on available-for-sale securities, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$508.00K	USD	1 Quarter
Net change in unrealized gains (losses) on available-for-sale securities, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$1.22M	USD	2 Qtrs
Net change in unrealized gains (losses) on available-for-sale securities, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-1.96M	USD	2 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$242.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.56M	USD	2 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-1.41M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$3.20M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$147.24M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$157.04M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$81.68M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$54.82M	USD	1 Quarter

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