10-Q Filing

ALIGN TECHNOLOGY INC CIK: 1097149 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001097149-23-000046`
Period End Date	20230331
Filing Date	20230505
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	algn-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 34 Cash Flow Statement 62 Stockholders Equity 24 Comprehensive Income 10

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$10.34M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$11.19M	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$832.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$942.05M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Marketable securities, short-term	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$57.53M	USD	Point-in-time
Marketable securities, short-term	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$51.64M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $11,192 and $10,343, respectively	`AccountsReceivableNetCurrent`	$859.68M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $11,192 and $10,343, respectively	`AccountsReceivableNetCurrent`	$884.43M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Inventories	`InventoryNet`	$311.88M	USD	Point-in-time
Inventories	`InventoryNet`	$338.75M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	77.27M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$226.37M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	76.52M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$251.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.42B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	77.27M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	76.52M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.33B	USD	Point-in-time
Marketable securities, long-term	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$37.38M	USD	Point-in-time
Marketable securities, long-term	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$41.98M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.23B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.26B	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$117.89M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$118.88M	USD	Point-in-time
Goodwill	`Goodwill`	$407.55M	USD	Point-in-time
Goodwill	`Goodwill`	$414.22M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$93.32M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$95.72M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.59B	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.57B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.30M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$55.83M	USD	Point-in-time
Total assets	`Assets`	$5.90B	USD	Point-in-time
Total assets	`Assets`	$5.95B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$130.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$127.87M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$497.25M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$454.37M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$1.34B	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$1.38B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.00B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.93B	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesNoncurrent`	$126.54M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesNoncurrent`	$124.39M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$99.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$100.33M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$195.97M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$191.26M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.42B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.35B	USD	Point-in-time
Commitments and contingencies (Notes 6 and 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 6 and 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value (5,000 shares authorized; none issued)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value (5,000 shares authorized; none issued)	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value (200,000 shares authorized; 76,516 and 77,267 issued and outstanding, respectively)	`CommonStockValue`	$8.00K	USD	Point-in-time
Common stock, $0.0001 par value (200,000 shares authorized; 76,516 and 77,267 issued and outstanding, respectively)	`CommonStockValue`	$8.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.10B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.04B	USD	Point-in-time
Accumulated other comprehensive income (loss), net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.28M	USD	Point-in-time
Accumulated other comprehensive income (loss), net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.83M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.57B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.37B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.67B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.62B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.60B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.48B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$5.95B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$5.90B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$973.22M	USD	1 Quarter
Net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$943.15M	USD	1 Quarter
Cost of net revenues	`CostOfRevenue`	$263.87M	USD	1 Quarter
Cost of net revenues	`CostOfRevenue`	$282.49M	USD	1 Quarter
Gross profit	`GrossProfit`	$709.35M	USD	1 Quarter
Gross profit	`GrossProfit`	$660.65M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$439.69M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$439.46M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$71.81M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$87.45M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$511.26M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$527.14M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$198.08M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$133.52M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$677.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$2.34M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-1.23M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-11.27M	USD	1 Quarter
Total interest income and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$1.11M	USD	1 Quarter
Total interest income and other income (expense), net	`InterestIncomeAndOtherIncomeExpenseNet`	$-10.60M	USD	1 Quarter
Net income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$134.62M	USD	1 Quarter
Net income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$187.49M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$53.19M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$46.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$134.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$87.80M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$1.14	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$1.71	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.70	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.14	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	76.92M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	78.74M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.11M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	79.19M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$134.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$87.80M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-18.42M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$17.46M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$29.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$35.82M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$31.62M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$37.73M	USD	1 Quarter
Non-cash operating lease cost	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$7.75M	USD	1 Quarter
Non-cash operating lease cost	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$7.53M	USD	1 Quarter
Other non-cash operating activities	`OtherNoncashIncomeExpense`	$-8.61M	USD	1 Quarter
Other non-cash operating activities	`OtherNoncashIncomeExpense`	$-11.59M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$32.73M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$55.54M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$49.45M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-24.01M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$26.85M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$48.66M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.99M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.03M	USD	1 Quarter
Accrued and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-126.40M	USD	1 Quarter
Accrued and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$37.42M	USD	1 Quarter
Long-term income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.41M	USD	1 Quarter
Long-term income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.12M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$68.98M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$27.66M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$199.90M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.50M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$64.12M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$87.33M	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$2.37M	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$15.04M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$10.87M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$6.09M	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$8.53M	USD	1 Quarter
Proceeds from sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$2.79M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-6.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$2.45M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-52.83M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-90.20M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$14.83M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$14.26M	USD	1 Quarter
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$75.04M	USD	1 Quarter
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$292.36M	USD	1 Quarter
Payments for equity forward contracts related to accelerated share repurchase agreements	`ProceedsFromEquityForwardContractsRelatedToAcceleratedStockRepurchaseAgreements`	-	USD	1 Quarter
Payments for equity forward contracts related to accelerated share repurchase agreements	`ProceedsFromEquityForwardContractsRelatedToAcceleratedStockRepurchaseAgreements`	$40.00M	USD	1 Quarter
Payroll taxes paid upon the vesting of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$51.53M	USD	1 Quarter
Payroll taxes paid upon the vesting of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$20.86M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-111.74M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-258.96M	USD	1 Quarter
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.83M	USD	1 Quarter
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.22M	USD	1 Quarter
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-173.27M	USD	1 Quarter
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-109.67M	USD	1 Quarter
Cash, cash equivalents, and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$942.36M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$832.68M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$926.87M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.10B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$942.36M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$832.68M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$926.87M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.10B	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$3.67B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$3.62B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$3.60B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$3.48B	USD	Point-in-time
Net income	`NetIncomeLoss`	$134.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$87.80M	USD	1 Quarter
Change in tax effect unrealized gains on investments	`OCIDebtSecuritiesAvailableForSaleChangeInTaxEffectOfUnrealizedHoldingGainLossAfterTax`	$1.65M	USD	1 Quarter
Net change in unrealized gains (losses) from investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.65M	USD	1 Quarter
Net change in unrealized gains (losses) from investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-2.73M	USD	1 Quarter
Net change in foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-7.31M	USD	1 Quarter
Net change in foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$10.47M	USD	1 Quarter
Issuance of common stock relating to employee equity compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$14.83M	USD	1 Quarter
Issuance of common stock relating to employee equity compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$14.26M	USD	1 Quarter
Tax withholdings related to net share settlements of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$20.86M	USD	1 Quarter
Tax withholdings related to net share settlements of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$51.53M	USD	1 Quarter
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$292.36M	USD	1 Quarter
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$75.04M	USD	1 Quarter
Equity forward contract related to accelerated stock repurchase	`AdjustmentsToAdditionalPaidInCapitalAcceleratedRepurchaseAgreementRemainingContractValue`	$-40.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$37.73M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$31.62M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$3.67B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$3.62B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$3.60B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$3.48B	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$134.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$87.80M	USD	1 Quarter
Change in foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-7.31M	USD	1 Quarter
Change in foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$10.47M	USD	1 Quarter
Change in unrealized gains (losses) on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.65M	USD	1 Quarter
Change in unrealized gains (losses) on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-2.73M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-10.04M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$12.12M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$99.92M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$124.26M	USD	1 Quarter

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