10-Q Filing

F5, INC. CIK: 1048695 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001048695-24-000012`
Period End Date	20231231
Filing Date	20240205
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	ffiv-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 34 Cash Flow Statement 66 Stockholders Equity 29 Comprehensive Income 18

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.88M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.56M	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`	$822.57M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$797.16M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$3.29M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$6.16M	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
Accounts receivable, net of allowances of $3,879 and $3,561	`AccountsReceivableNetCurrent`	$454.83M	USD	Point-in-time
Common stock, par value (dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Accounts receivable, net of allowances of $3,879 and $3,561	`AccountsReceivableNetCurrent`	$513.18M	USD	Point-in-time
Inventories	`InventoryNet`	$35.87M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Inventories	`InventoryNet`	$35.84M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$554.74M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	58.80M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	59.21M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$586.88M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.85B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.96B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$170.42M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$167.11M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$192.17M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$195.47M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$6.17M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$5.07M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$307.12M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$295.31M	USD	Point-in-time
Goodwill	`Goodwill`	$2.29B	USD	Point-in-time
Goodwill	`Goodwill`	$2.29B	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$425.85M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$444.61M	USD	Point-in-time
Total assets	`Assets`	$5.25B	USD	Point-in-time
Total assets	`Assets`	$5.35B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$60.08M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$63.31M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$282.89M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$278.92M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.13B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.19B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.47B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.52B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$4.64M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$5.21M	USD	Point-in-time
Deferred revenue, long-term	`ContractWithCustomerLiabilityNoncurrent`	$648.54M	USD	Point-in-time
Deferred revenue, long-term	`ContractWithCustomerLiabilityNoncurrent`	$644.65M	USD	Point-in-time
Operating lease liabilities, long-term	`OperatingLeaseLiabilityNoncurrent`	$239.56M	USD	Point-in-time
Operating lease liabilities, long-term	`OperatingLeaseLiabilityNoncurrent`	$235.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$78.55M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$82.57M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$963.42M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$975.32M	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, 58,797 and 59,207 shares issued and outstanding	`CommonStockValue`	$24.40M	USD	Point-in-time
Common stock, no par value; 200,000 shares authorized, 58,797 and 59,207 shares issued and outstanding	`CommonStockValue`	$18.35M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.22M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.67M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.80B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.86B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.47B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.86B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.58B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.80B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$5.35B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$5.25B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue from contract with customer, excluding assessed tax	`RevenueFromContractWithCustomerExcludingAssessedTax`	$692.60M	USD	1 Quarter
Revenue from contract with customer, excluding assessed tax	`RevenueFromContractWithCustomerExcludingAssessedTax`	$700.38M	USD	1 Quarter
Cost of net revenues	`CostOfGoodsAndServicesSold`	$136.39M	USD	1 Quarter
Cost of net revenues	`CostOfGoodsAndServicesSold`	$155.01M	USD	1 Quarter
Gross profit	`GrossProfit`	$556.21M	USD	1 Quarter
Gross profit	`GrossProfit`	$545.37M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$233.10M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$198.93M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$119.58M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$142.32M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$64.72M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$69.99M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$8.74M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$8.47M	USD	1 Quarter
Total	`OperatingExpenses`	$391.69M	USD	1 Quarter
Total	`OperatingExpenses`	$454.16M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$164.52M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$91.21M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$9.88M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$4.70M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$174.40M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$95.91M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$36.02M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$23.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$72.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$138.38M	USD	1 Quarter
Net income per share basic (dollars per share)	`EarningsPerShareBasic`	$2.34	USD	1 Quarter
Net income per share basic (dollars per share)	`EarningsPerShareBasic`	$1.20	USD	1 Quarter
Weighted average shares basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	59.12M	shares	1 Quarter
Weighted average shares basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	60.10M	shares	1 Quarter
Net income per share diluted (dollars per share)	`EarningsPerShareDiluted`	$2.32	USD	1 Quarter
Net income per share diluted (dollars per share)	`EarningsPerShareDiluted`	$1.20	USD	1 Quarter
Weighted average shares diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	59.65M	shares	1 Quarter
Weighted average shares diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.39M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$72.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$138.38M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$56.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$62.87M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$27.47M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$29.27M	USD	1 Quarter
Non-cash operating lease costs	`NonCashOperatingLeaseCosts`	$10.17M	USD	1 Quarter
Non-cash operating lease costs	`NonCashOperatingLeaseCosts`	$8.39M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-11.20M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-25.07M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-358.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-722.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$15.84M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$58.71M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-9.17M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-34.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$32.16M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$20.60M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-2.95M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.25M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-19.98M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-13.45M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$54.99M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$68.54M	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseinLeaseLiabilities`	$-9.89M	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseinLeaseLiabilities`	$-10.61M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$157.63M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$165.32M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$1.00M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$680.00K	USD	1 Quarter
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$2.91M	USD	1 Quarter
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$63.52M	USD	1 Quarter
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	-	USD	1 Quarter
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$12.17M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.10M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.05M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.13M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$61.90M	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`	$21.88M	USD	1 Quarter
Payments for repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$150.02M	USD	1 Quarter
Payments for repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$40.01M	USD	1 Quarter
Payments on term debt agreement	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Payments on term debt agreement	`RepaymentsOfLongTermDebt`	$350.00M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`TaxesPaidRelatedToNetShareSettlementOfEquityAwards`	$6.83M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`TaxesPaidRelatedToNetShareSettlementOfEquityAwards`	$7.04M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-374.86M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-134.97M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-155.33M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$23.21M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.26M	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`	$800.84M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$826.31M	USD	Point-in-time
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, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$826.31M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$800.84M	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 paid for amounts included in the measurement of operating lease liabilities	`OperatingLeasePayments`	$13.66M	USD	1 Quarter
Cash paid for amounts included in the measurement of operating lease liabilities	`OperatingLeasePayments`	$12.98M	USD	1 Quarter
Cash paid for interest on long-term debt	`InterestPaidNet`	$2.97M	USD	1 Quarter
Cash paid for interest on long-term debt	`InterestPaidNet`	-	USD	1 Quarter
Right-of-use assets obtained in exchange for lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$4.85M	USD	1 Quarter
Right-of-use assets obtained in exchange for lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$6.19M	USD	1 Quarter

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance (in shares)	`CommonStockSharesOutstanding`	59.21M	shares	Point-in-time
Beginning Balance (in shares)	`CommonStockSharesOutstanding`	58.80M	shares	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.47B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.86B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.58B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.80B	USD	Point-in-time
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$435.00K	USD	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$408.00K	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`	$21.47M	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, Including Excise Tax	`StockRepurchasedAndRetiredDuringPeriodIncludingExciseTax`	$151.24M	USD	1 Quarter
Stock Repurchased and Retired During Period, Value	`StockRepurchasedAndRetiredDuringPeriodValue`	$40.01M	USD	1 Quarter
Stock Repurchased and Retired During Period, Value	`StockRepurchasedAndRetiredDuringPeriodValue`	$150.02M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`TaxesPaidRelatedToNetShareSettlementOfEquityAwards`	$6.83M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`TaxesPaidRelatedToNetShareSettlementOfEquityAwards`	$7.04M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$62.87M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$56.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$72.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$138.38M	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$2.96M	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$2.55M	USD	1 Quarter
Ending Balance ( in shares)	`CommonStockSharesOutstanding`	59.21M	shares	Point-in-time
Ending Balance ( in shares)	`CommonStockSharesOutstanding`	58.80M	shares	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.58B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.47B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.86B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.80B	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$72.40M	USD	1 Quarter
Tax effect of unrealized gain (loss) on securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$12.00K	USD	1 Quarter
Tax effect of unrealized gain (loss) on securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$114.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$138.38M	USD	1 Quarter
Tax effect of reclassification adjustment for realized (gains) losses	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$20.00K	USD	1 Quarter
Tax effect of reclassification adjustment for realized (gains) losses	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	-	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.50M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.25M	USD	1 Quarter
Unrealized gains on securities, net of taxes of $12 and $114 for the three months ended December 31, 2023 and 2022, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$767.00K	USD	1 Quarter
Unrealized gains on securities, net of taxes of $12 and $114 for the three months ended December 31, 2023 and 2022, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$49.00K	USD	1 Quarter
Reclassification adjustment for realized losses included in net income, net of taxes of $0 and $20 for the three months ended December 31, 2023 and 2022, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	1 Quarter
Reclassification adjustment for realized losses included in net income, net of taxes of $0 and $20 for the three months ended December 31, 2023 and 2022, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$60.00K	USD	1 Quarter
Net change in unrealized gains and losses on available-for-sale securities, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$49.00K	USD	1 Quarter
Net change in unrealized gains and losses on available-for-sale securities, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$707.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$2.96M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$2.55M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$140.94M	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.