10-Q Filing

CORPAY, INC. CIK: 1175454 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-181886`
Period End Date	20150331
Filing Date	20150511
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	flt-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 35 Cash Flow Statement 73 Comprehensive Income 10

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$21.97M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$23.84M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$22.42M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$21.76M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	475.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$477.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$283.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$338.11M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	475.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$379.39M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$129.56M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	119.77M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	119.90M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$135.14M	USD	Point-in-time
Accounts receivable (less allowance for doubtful accounts of $21,969 and $23,842, respectively)	`AccountsReceivableNetCurrent`	$773.47M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	91.66M	shares	Point-in-time
Accounts receivable (less allowance for doubtful accounts of $21,969 and $23,842, respectively)	`AccountsReceivableNetCurrent`	$673.80M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	91.79M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	28.11M	shares	Point-in-time
Securitized accounts receivable-restricted for securitization investors	`AccountsReceivableFromSecuritization`	$675.00M	USD	Point-in-time
Securitized accounts receivable-restricted for securitization investors	`AccountsReceivableFromSecuritization`	$679.00M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	28.11M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$74.89M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$70.20M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$77.64M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$101.45M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.14B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.11B	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$135.06M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$137.61M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$65.54M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$61.50M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$72.07M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$73.56M	USD	Point-in-time
Goodwill	`Goodwill`	$3.81B	USD	Point-in-time
Goodwill	`Goodwill`	$3.76B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$2.37B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$2.44B	USD	Point-in-time
Equity method investment	`EquityMethodInvestments`	$124.09M	USD	Point-in-time
Equity method investment	`EquityMethodInvestments`	$141.93M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$72.43M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$68.01M	USD	Point-in-time
Total assets	`Assets`	$8.50B	USD	Point-in-time
Total assets	`Assets`	$8.67B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$716.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$775.93M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$178.38M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$151.97M	USD	Point-in-time
Customer deposits	`Deposits`	$451.59M	USD	Point-in-time
Customer deposits	`Deposits`	$492.26M	USD	Point-in-time
Securitization facility	`SecuredDebtCurrent`	$675.00M	USD	Point-in-time
Securitization facility	`SecuredDebtCurrent`	$679.00M	USD	Point-in-time
Current portion of notes payable and lines of credit	`NotesAndLoansPayableCurrent`	$749.76M	USD	Point-in-time
Current portion of notes payable and lines of credit	`NotesAndLoansPayableCurrent`	$657.11M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$40.68M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$84.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.90B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.76B	USD	Point-in-time
Notes payable and other obligations, less current portion	`LongTermNotesAndLoans`	$2.14B	USD	Point-in-time
Notes payable and other obligations, less current portion	`LongTermNotesAndLoans`	$2.17B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$815.17M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$794.38M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$34.19M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$40.63M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$3.02B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$2.97B	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value; 475,000,000 shares authorized; 119,900,971 shares issued and 91,791,859 shares outstanding at March 31, 2015; and 119,771,155 shares issued and 91,662,043 shares outstanding at December 31, 2014	`CommonStockValue`	$120.00K	USD	Point-in-time
Common stock, $0.001 par value; 475,000,000 shares authorized; 119,900,971 shares issued and 91,791,859 shares outstanding at March 31, 2015; and 119,771,155 shares issued and 91,662,043 shares outstanding at December 31, 2014	`CommonStockValue`	$120.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.85B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.88B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.40B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.50B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-249.99M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-156.93M	USD	Point-in-time
Less treasury stock (28,109,112 shares at March 31, 2015 and December 31, 2014)	`TreasuryStockValue`	$346.40M	USD	Point-in-time
Less treasury stock (28,109,112 shares at March 31, 2015 and December 31, 2014)	`TreasuryStockValue`	$346.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.78B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.75B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.50B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.67B	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`SalesRevenueNet`	$253.91M	USD	1 Quarter
Revenues, net	`SalesRevenueNet`	$416.17M	USD	1 Quarter
Merchant commissions	`SalesCommissionsAndFees`	$17.62M	USD	1 Quarter
Merchant commissions	`SalesCommissionsAndFees`	$27.33M	USD	1 Quarter
Processing	`ProcessingExpenses`	$36.86M	USD	1 Quarter
Processing	`ProcessingExpenses`	$81.36M	USD	1 Quarter
Selling	`SellingExpense`	$17.41M	USD	1 Quarter
Selling	`SellingExpense`	$26.33M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$69.30M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$43.46M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$24.42M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$48.08M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$163.77M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$114.14M	USD	1 Quarter
Equity method investment loss	`IncomeLossFromEquityMethodInvestments`	$-2.70M	USD	1 Quarter
Other expense, net	`OtherNonoperatingExpense`	$544.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingExpense`	$1.86M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-5.46M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-19.57M	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-24.13M	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-6.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$139.65M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$108.13M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$45.49M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$33.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$75.11M	USD	1 Quarter
Net income	`NetIncomeLoss`	$94.15M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.03	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.91	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.00	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.88	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	82.74M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	91.75M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	93.93M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	85.69M	shares	1 Quarter

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$75.11M	USD	1 Quarter
Net income	`NetIncomeLoss`	$94.15M	USD	1 Quarter
Depreciation	`Depreciation`	$4.80M	USD	1 Quarter
Depreciation	`Depreciation`	$7.50M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$10.61M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$16.95M	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$8.14M	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$5.55M	USD	1 Quarter
Amortization of deferred financing costs and discounts	`AmortizationOfFinancingCostsAndDiscounts`	$1.74M	USD	1 Quarter
Amortization of deferred financing costs and discounts	`AmortizationOfFinancingCostsAndDiscounts`	$531.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$39.77M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$18.27M	USD	1 Quarter
Amortization of premium on receivables	`InvestmentIncomeAmortizationOfPremium`	$813.00K	USD	1 Quarter
Amortization of premium on receivables	`InvestmentIncomeAmortizationOfPremium`	$814.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-18.74M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$603.00K	USD	1 Quarter
Equity method investment loss	`IncomeLossFromEquityMethodInvestments`	$-2.70M	USD	1 Quarter
Other non-cash operating expenses	`OtherNoncashExpense`	$-425.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-5.58M	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-1.40M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$114.39M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$153.18M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.11M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.70M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.83M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-545.00K	USD	1 Quarter
Excess tax benefits related to stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$16.13M	USD	1 Quarter
Excess tax benefits related to stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$6.42M	USD	1 Quarter
Accounts payable, accrued expenses, income taxes and deferred revenue	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$109.67M	USD	1 Quarter
Accounts payable, accrued expenses, income taxes and deferred revenue	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$30.15M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$51.49M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$67.40M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$851.00K	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$19.29M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.11M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.58M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-8.96M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-24.88M	USD	1 Quarter
Excess tax benefits related to stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$6.42M	USD	1 Quarter
Excess tax benefits related to stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$16.13M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$4.51M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.57M	USD	1 Quarter
Borrowings on securitization facility, net	`ProceedsFromRepaymentsOfDebt`	$4.00M	USD	1 Quarter
Borrowings on securitization facility, net	`ProceedsFromRepaymentsOfDebt`	$44.50M	USD	1 Quarter
Deferred financing costs paid	`PaymentsOfFinancingCosts`	$521.00K	USD	1 Quarter
Principal payments on notes payable	`RepaymentsOfNotesPayable`	$25.88M	USD	1 Quarter
Principal payments on notes payable	`RepaymentsOfNotesPayable`	$6.88M	USD	1 Quarter
Payments on revolver - A Facility	`RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths`	$134.80M	USD	1 Quarter
Payments on revolver - A Facility	`RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths`	$120.74M	USD	1 Quarter
Payments on foreign revolver - B Facility	`RepaymentsOfLinesOfCredit`	$3.60M	USD	1 Quarter
Borrowings from swing line of credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$30.86M	USD	1 Quarter
Borrowings from swing line of credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$15.00K	USD	1 Quarter
Payment of contingent consideration	`PaymentOfContingentConsideration`	$39.81M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-246.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-76.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-80.89M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-142.64M	USD	1 Quarter
Effect of foreign currency exchange rates on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-13.48M	USD	1 Quarter
Effect of foreign currency exchange rates on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-456.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-54.73M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-97.68M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$477.07M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$283.37M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$338.11M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$379.39M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$477.07M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$283.37M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$338.11M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$379.39M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$6.26M	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$21.29M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$20.86M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$15.99M	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Foreign currency translation gain (loss), Tax	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	-	USD	1 Quarter
Foreign currency translation gain (loss), Tax	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	-	USD	1 Quarter
Net income	`NetIncomeLoss`	$75.11M	USD	1 Quarter
Net income	`NetIncomeLoss`	$94.15M	USD	1 Quarter
Foreign currency translation gain (loss), net of tax of $0 for each period	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-93.06M	USD	1 Quarter
Foreign currency translation gain (loss), net of tax of $0 for each period	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$15.93M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-93.06M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$15.93M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$91.04M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.10M	USD	1 Quarter

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