10-Q Filing

ZIFF DAVIS, INC. CIK: 1084048 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001084048-23-000045`
Period End Date	20230331
Filing Date	20230510
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	zd-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 40 Cash Flow Statement 74 Stockholders Equity 27 Comprehensive Income 14

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.87M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$652.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$721.50M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$255.59M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$276.76M	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$39.01M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$58.42M	USD	Point-in-time
Accounts receivable, net of allowances of $7,061 and $6,868, respectively	`AccountsReceivableNetCurrent`	$304.74M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Accounts receivable, net of allowances of $7,061 and $6,868, respectively	`AccountsReceivableNetCurrent`	$277.76M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$68.31M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$68.32M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.08B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.11B	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$127.87M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$116.06M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	95.00M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $276,760 and $255,586, respectively	`PropertyPlantAndEquipmentNet`	$178.18M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	95.00M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $276,760 and $255,586, respectively	`PropertyPlantAndEquipmentNet`	$187.03M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	47.29M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$462.81M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	47.27M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$433.31M	USD	Point-in-time
Goodwill	`Goodwill`	$1.60B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	47.27M	shares	Point-in-time
Goodwill	`Goodwill`	$1.59B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	47.29M	shares	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNetNoncurrent`	$8.46M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNetNoncurrent`	$8.52M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$80.13M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$77.95M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.53B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.53B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$140.54M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$143.97M	USD	Point-in-time
Accrued employee related costs	`EmployeeRelatedLiabilitiesCurrent`	$42.18M	USD	Point-in-time
Accrued employee related costs	`EmployeeRelatedLiabilitiesCurrent`	$31.84M	USD	Point-in-time
Deferred revenue, current	`DeferredRevenueCurrent`	$200.94M	USD	Point-in-time
Deferred revenue, current	`DeferredRevenueCurrent`	$187.90M	USD	Point-in-time
Accrued liabilities and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$61.83M	USD	Point-in-time
Accrued liabilities and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$64.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$432.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$441.18M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$999.05M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$999.62M	USD	Point-in-time
Deferred revenue, noncurrent	`DeferredRevenueNoncurrent`	$9.10M	USD	Point-in-time
Deferred revenue, noncurrent	`DeferredRevenueNoncurrent`	$8.86M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNetNoncurrent`	$79.01M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNetNoncurrent`	$68.14M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$121.05M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$114.65M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.64B	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.63B	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, $0.01 par value	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value. Authorized 95,000,000; total issued and outstanding 47,286,093 and 47,269,446 shares at March 31, 2023 and December 31, 2022, respectively.	`CommonStockValue`	$473.00K	USD	Point-in-time
Common stock, $0.01 par value. Authorized 95,000,000; total issued and outstanding 47,286,093 and 47,269,446 shares at March 31, 2023 and December 31, 2022, respectively.	`CommonStockValue`	$473.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$439.68M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$444.81M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.53B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.54B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-81.34M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-85.37M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$1.97B	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$1.87B	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$1.89B	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$1.89B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$3.53B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$3.53B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$315.07M	USD	1 Quarter
Total revenues	`Revenues`	$307.14M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$46.10M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$45.73M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$115.92M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$117.76M	USD	1 Quarter
Research, development, and engineering	`ResearchAndDevelopmentExpense`	$17.91M	USD	1 Quarter
Research, development, and engineering	`ResearchAndDevelopmentExpense`	$18.43M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$101.26M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$102.22M	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$280.83M	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$284.51M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$26.32M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$30.56M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-10.29M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-4.48M	USD	1 Quarter
Loss on debt extinguishment, net	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on debt extinguishment, net	`GainsLossesOnExtinguishmentOfDebt`	$-1.22M	USD	1 Quarter
Unrealized (loss) gain on short-term investments held at the reporting date, net	`EquitySecuritiesFvNiUnrealizedGainLoss`	$-20.34M	USD	1 Quarter
Unrealized (loss) gain on short-term investments held at the reporting date, net	`EquitySecuritiesFvNiUnrealizedGainLoss`	$8.95M	USD	1 Quarter
Gain on investments, net	`EquitySecuritiesFvNiRealizedGainLoss`	-	USD	1 Quarter
Gain on investments, net	`EquitySecuritiesFvNiRealizedGainLoss`	$357.00K	USD	1 Quarter
Other (loss) income, net	`OtherNonoperatingIncomeExpense`	$-908.00K	USD	1 Quarter
Other (loss) income, net	`OtherNonoperatingIncomeExpense`	$2.40M	USD	1 Quarter
Income before income taxes and loss from equity method investment, net	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$30.40M	USD	1 Quarter
Income before income taxes and loss from equity method investment, net	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$939.00K	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-616.00K	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$5.08M	USD	1 Quarter
Loss from equity method investment, net	`IncomeLossFromEquityMethodInvestments`	$-9.18M	USD	1 Quarter
Loss from equity method investment, net	`IncomeLossFromEquityMethodInvestments`	$-785.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$24.54M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-7.63M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.52	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.16	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.51	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.16	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.99M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	47.05M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.99M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	52.41M	shares	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Due from related parties	`DueFromRelatedParties`	$5.28M	USD	Point-in-time
Due from related parties	`DueFromRelatedParties`	-	USD	Point-in-time
Net (loss) income	`NetIncomeLoss`	$24.54M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-7.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$54.62M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$59.07M	USD	1 Quarter
Non-cash operating lease costs	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$2.39M	USD	1 Quarter
Non-cash operating lease costs	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$2.93M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$8.40M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$6.72M	USD	1 Quarter
Provision for credit losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$441.00K	USD	1 Quarter
Provision for credit losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$-1.03M	USD	1 Quarter
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	$-7.44M	USD	1 Quarter
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	$-3.75M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-1.22M	USD	1 Quarter
Loss from equity method investments	`GainLossonInvestmentsNoncash`	$-785.00K	USD	1 Quarter
Loss from equity method investments	`GainLossonInvestmentsNoncash`	$-9.18M	USD	1 Quarter
Unrealized gain (loss) on short-term investments held at the reporting date, net	`DebtAndEquitySecuritiesUnrealizedGainLoss`	$8.95M	USD	1 Quarter
Unrealized gain (loss) on short-term investments held at the reporting date, net	`DebtAndEquitySecuritiesUnrealizedGainLoss`	$-20.34M	USD	1 Quarter
Gain on investments, net	`GainLossOnInvestments`	$357.00K	USD	1 Quarter
Gain on investments, net	`GainLossOnInvestments`	-	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$2.78M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$868.00K	USD	1 Quarter
Accounts receivable (includes $0 and $5,278 with related parties)	`IncreaseDecreaseInAccountsReceivable`	$-57.48M	USD	1 Quarter
Accounts receivable (includes $0 and $5,278 with related parties)	`IncreaseDecreaseInAccountsReceivable`	$-27.63M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.66M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.64M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAssets`	$5.60M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAssets`	$2.05M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.92M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-22.50M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$3.06M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$12.09M	USD	1 Quarter
Accrued liabilities and other current liabilities	`IncreaseDecreaseinOperatingLeaseLiabilities`	$-8.43M	USD	1 Quarter
Accrued liabilities and other current liabilities	`IncreaseDecreaseinOperatingLeaseLiabilities`	$-4.90M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$115.31M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$116.51M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.02M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.50M	USD	1 Quarter
Acquisition of businesses, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$8.00M	USD	1 Quarter
Acquisition of businesses, net of cash received	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$28.14M	USD	1 Quarter
Proceeds from sale of equity investments	`ProceedsFromSaleAndMaturityOfOtherInvestments`	-	USD	1 Quarter
Proceeds from sale of equity investments	`ProceedsFromSaleAndMaturityOfOtherInvestments`	$3.17M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$3.95M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-58.64M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-38.79M	USD	1 Quarter
Payment of debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Payment of debt	`RepaymentsOfLongTermDebt`	$54.61M	USD	1 Quarter
Debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	-	USD	1 Quarter
Debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	$756.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$62.81M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.88M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$148.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Deferred payments for acquisitions	`PaymentsOfDeferredConsiderationRelatedToAcquisition`	$2.68M	USD	1 Quarter
Deferred payments for acquisitions	`PaymentsOfDeferredConsiderationRelatedToAcquisition`	$6.68M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$71.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.48M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-120.71M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.68M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-2.98M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-65.81M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$68.71M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$652.79M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$721.50M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$629.03M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$694.84M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$652.79M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$721.50M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$629.03M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$694.84M	USD	Point-in-time

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Tax expense (benefit) for unrealized holding gain (loss) on available-for-sale investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	-	USD	1 Quarter
Tax expense (benefit) for unrealized holding gain (loss) on available-for-sale investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$109.00K	USD	1 Quarter
Beginning balance (in shares)	`CommonStockSharesOutstanding`	47.27M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	47.29M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$1.97B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.87B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.89B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.89B	USD	Point-in-time
Net income	`NetIncomeLoss`	$24.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-7.63M	USD	1 Quarter
Other comprehensive loss, net of tax expense	`OtherComprehensiveIncomeLossNetOfTaxExcludingSeparationAdjustments`	$4.04M	USD	1 Quarter
Other comprehensive loss, net of tax expense	`OtherComprehensiveIncomeLossNetOfTaxExcludingSeparationAdjustments`	$-6.26M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$148.00K	USD	1 Quarter
Vested restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	1 Quarter
Vested restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$62.81M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$2.88M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.72M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.40M	USD	1 Quarter
Other, net	`StockholdersEquityOther`	$-67.00K	USD	1 Quarter
Other, net	`StockholdersEquityOther`	$-136.00K	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	47.27M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	47.29M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$1.97B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.87B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.89B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.89B	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$24.54M	USD	1 Quarter
Tax expense (benefit) for unrealized holding gain (loss) on available-for-sale investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	-	USD	1 Quarter
Tax expense (benefit) for unrealized holding gain (loss) on available-for-sale investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$109.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-7.63M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.71M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-6.26M	USD	1 Quarter
Consensus separation adjustment	`AdjustmentForSeparationFromBusiness`	$4.06M	USD	1 Quarter
Consensus separation adjustment	`AdjustmentForSeparationFromBusiness`	-	USD	1 Quarter
Change in fair value on available-for-sale investments, net of tax expense of $109 for the three months ended March 31, 2023	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$324.00K	USD	1 Quarter
Change in fair value on available-for-sale investments, net of tax expense of $109 for the three months ended March 31, 2023	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-2.21M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$4.04M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$22.33M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-3.59M	USD	1 Quarter

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