10-Q Filing

MARKETAXESS HOLDINGS INC CIK: 1278021 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-159062`
Period End Date	20140331
Filing Date	20140425
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	mktx-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 55 Cash Flow Statement 66 Stockholders Equity 16 Comprehensive Income 18

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$170.00K	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$133.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$125.92M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$130.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$132.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$128.91M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.86M	shares	Point-in-time
Securities available-for-sale, at fair value	`AvailableForSaleSecurities`	$67.74M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.86M	shares	Point-in-time
Securities available-for-sale, at fair value	`AvailableForSaleSecurities`	$63.48M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts receivable, net of allowance of $170 and $133 as of March 31, 2014 and December 31, 2013, respectively	`AccountsReceivableNet`	$34.16M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts receivable, net of allowance of $170 and $133 as of March 31, 2014 and December 31, 2013, respectively	`AccountsReceivableNet`	$39.08M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Goodwill and intangible assets, net of accumulated amortization	`GoodwillAndIntangibleAssetsNet`	$68.13M	USD	Point-in-time
Goodwill and intangible assets, net of accumulated amortization	`GoodwillAndIntangibleAssetsNet`	$68.70M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$32.70M	USD	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$33.39M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$10.64M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$9.33M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$2.92M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	39.32M	shares	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$4.95M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	39.22M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.73M	shares	Point-in-time
Total assets	`Assets`	$346.37M	USD	Point-in-time
Total assets	`Assets`	$351.58M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.77M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.50M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.55M	shares	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$23.81M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$6.18M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCredits`	$2.72M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCredits`	$2.71M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$19.21M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$14.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$41.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.11M	USD	Point-in-time
Commitments and Contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$119.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$119.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$295.56M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$295.62M	USD	Point-in-time
Treasury stock-Common stock voting, at cost, 1,549,159 and 1,495,159 shares as of March 31, 2014 and December 31, 2013, respectively	`TreasuryStockValue`	$32.27M	USD	Point-in-time
Treasury stock-Common stock voting, at cost, 1,549,159 and 1,495,159 shares as of March 31, 2014 and December 31, 2013, respectively	`TreasuryStockValue`	$35.66M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$62.47M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$51.04M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.08M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.29M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$318.26M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$310.36M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$346.37M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$351.58M	USD	Point-in-time

Income Statement 55 line items

Line Item	Tag	Value	Unit	Period
Commissions	`FeesAndCommissionsOther`	$51.99M	USD	1 Quarter
Commissions	`FeesAndCommissionsOther`	$47.19M	USD	1 Quarter
Information and post-trade services	`InformationAndPostTradeServicesRevenue`	$8.08M	USD	1 Quarter
Information and post-trade services	`InformationAndPostTradeServicesRevenue`	$3.70M	USD	1 Quarter
Technology products and services	`TechnologyServicesRevenue`	$1.23M	USD	1 Quarter
Technology products and services	`TechnologyServicesRevenue`	$2.04M	USD	1 Quarter
Investment income	`NetInvestmentIncome`	$146.00K	USD	1 Quarter
Investment income	`NetInvestmentIncome`	$132.00K	USD	1 Quarter
Other	`OtherIncome`	$1.40M	USD	1 Quarter
Other	`OtherIncome`	$1.15M	USD	1 Quarter
Total revenues	`Revenues`	$53.65M	USD	1 Quarter
Total revenues	`Revenues`	$63.40M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$15.02M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$18.61M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.29M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$3.15M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$4.49M	USD	1 Quarter
Professional and consulting fees	`ProfessionalFees`	$3.97M	USD	1 Quarter
Professional and consulting fees	`ProfessionalFees`	$4.30M	USD	1 Quarter
Occupancy	`OccupancyNet`	$797.00K	USD	1 Quarter
Occupancy	`OccupancyNet`	$1.09M	USD	1 Quarter
Marketing and advertising	`MarketingAndAdvertisingExpense`	$935.00K	USD	1 Quarter
Marketing and advertising	`MarketingAndAdvertisingExpense`	$1.21M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.20M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.50M	USD	1 Quarter
Total expenses	`OperatingCostsAndExpenses`	$35.69M	USD	1 Quarter
Total expenses	`OperatingCostsAndExpenses`	$28.98M	USD	1 Quarter
Income before income taxes from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$27.71M	USD	1 Quarter
Income before income taxes from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$24.67M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.23M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.13M	USD	1 Quarter
Net income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$17.48M	USD	1 Quarter
Net income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$15.54M	USD	1 Quarter
Loss from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-219.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.33M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.47	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.42	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Net income per common share	`EarningsPerShareBasic`	$0.47	USD	1 Quarter
Net income per common share	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.41	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.46	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Net income per common share	`EarningsPerShareDiluted`	$0.46	USD	1 Quarter
Net income per common share	`EarningsPerShareDiluted`	$0.41	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.16	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.13	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.77M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.12M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.67M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.10M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$17.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.33M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$4.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$2.57M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.32M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.00M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$2.76M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$2.16M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-558.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$267.00K	USD	1 Quarter
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.14M	USD	1 Quarter
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.92M	USD	1 Quarter
Decrease in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.31M	USD	1 Quarter
Decrease in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-76.00K	USD	1 Quarter
(Decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-14.97M	USD	1 Quarter
(Decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-17.63M	USD	1 Quarter
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$9.00K	USD	1 Quarter
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.04M	USD	1 Quarter
Increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.96M	USD	1 Quarter
Increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.74M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.15M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.28M	USD	1 Quarter
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$37.12M	USD	1 Quarter
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$37.83M	USD	Point-in-time
Proceeds from sales	`ProceedsFromSaleOfAvailableForSaleSecurities`	$30.90M	USD	1 Quarter
Proceeds from maturities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$3.75M	USD	1 Quarter
Proceeds from maturities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$2.77M	USD	1 Quarter
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$794.00K	USD	1 Quarter
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.62M	USD	1 Quarter
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$2.57M	USD	1 Quarter
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$1.37M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-64.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$6.00K	USD	1 Quarter
Net cash (used in ) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.54M	USD	1 Quarter
Net cash (used in ) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-449.00K	USD	1 Quarter
Cash dividend on common stock	`PaymentsOfOrdinaryDividends`	$5.41M	USD	1 Quarter
Cash dividend on common stock	`PaymentsOfOrdinaryDividends`	$6.23M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$630.00K	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$419.00K	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.93M	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.00M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.93M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.25M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$3.39M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-78.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-42.00K	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.93M	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.92M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-428.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$203.00K	USD	1 Quarter
Net (decrease) for the period	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.65M	USD	1 Quarter
Net (decrease) for the period	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.99M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$125.92M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$130.04M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$132.69M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$128.91M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$125.92M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$130.04M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$132.69M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$128.91M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$878.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$829.00K	USD	1 Quarter
Fair value of assets acquired	`NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1`	$44.49M	USD	1 Quarter
Cash paid for the capital stock	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$37.12M	USD	1 Quarter
Cash paid for the capital stock	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$37.83M	USD	Point-in-time
Liabilities assumed	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	$7.37M	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$318.26M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$310.36M	USD	Point-in-time
Net income	`NetIncomeLoss`	$17.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.33M	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-234.00K	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$116.00K	USD	1 Quarter
Unrealized net gain on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$30.00K	USD	1 Quarter
Unrealized net gain on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-506.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.32M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$419.00K	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.93M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$2.25M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$3.39M	USD	1 Quarter
Cash dividend on common stock	`DividendsCommonStockCash`	$6.05M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$318.26M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$310.36M	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-146.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.33M	USD	1 Quarter
Foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$73.00K	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $(146) and $73, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-234.00K	USD	1 Quarter
Securities available-for-sale, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-19.00K	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $(146) and $73, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$116.00K	USD	1 Quarter
Securities available-for-sale, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$32.00K	USD	1 Quarter
Net unrealized gain (loss) on securities available-for-sale, net of tax of $32, and $(19), respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-32.00K	USD	1 Quarter
Other Income, net of tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$13.00K	USD	1 Quarter
Net unrealized gain (loss) on securities available-for-sale, net of tax of $32, and $(19), respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$52.00K	USD	1 Quarter
Other Income, net of tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$299.00K	USD	1 Quarter
Less: reclassification adjustment for realized gain from securities available-for-sale included in Other Income, net of tax of $(13) and $(299), respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$22.00K	USD	1 Quarter
Less: reclassification adjustment for realized gain from securities available-for-sale included in Other Income, net of tax of $(13) and $(299), respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$474.00K	USD	1 Quarter
Net changed in unrealized gain (loss) on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$30.00K	USD	1 Quarter
Net changed in unrealized gain (loss) on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-506.00K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$14.94M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$17.27M	USD	1 Quarter

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