10-Q Filing

FORTINET, INC. CIK: 1262039 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001262039-19-000014`
Period End Date	20190331
Filing Date	20190508
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	ftnt-0331201910xq_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 42 Cash Flow Statement 73 Stockholders Equity 18 Comprehensive Income 10

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.22B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.11B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$811.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$835.60M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$537.20M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$584.90M	USD	Point-in-time
Accounts receivableNet	`AccountsReceivableNetCurrent`	$444.50M	USD	Point-in-time
Accounts receivableNet	`AccountsReceivableNetCurrent`	$381.00M	USD	Point-in-time
Inventory	`InventoryNet`	$90.00M	USD	Point-in-time
Inventory	`InventoryNet`	$88.40M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$36.80M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$42.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.22B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.31B	USD	Point-in-time
LONG-TERM INVESTMENTS	`LongTermInvestments`	$50.20M	USD	Point-in-time
LONG-TERM INVESTMENTS	`LongTermInvestments`	$67.00M	USD	Point-in-time
PROPERTY AND EQUIPMENTNET	`PropertyPlantAndEquipmentNet`	$272.00M	USD	Point-in-time
PROPERTY AND EQUIPMENTNET	`PropertyPlantAndEquipmentNet`	$271.40M	USD	Point-in-time
Deferred contract costs	`CapitalizedContractCostNet`	$182.60M	USD	Point-in-time
Deferred contract costs	`CapitalizedContractCostNet`	$190.50M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredIncomeTaxAssetsNet`	$255.00M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredIncomeTaxAssetsNet`	$262.70M	USD	Point-in-time
GOODWILL	`Goodwill`	$38.20M	USD	Point-in-time
GOODWILL	`Goodwill`	$38.20M	USD	Point-in-time
OTHER INTANGIBLE ASSETSNET	`IntangibleAssetsNetExcludingGoodwill`	$22.10M	USD	Point-in-time
OTHER INTANGIBLE ASSETSNET	`IntangibleAssetsNetExcludingGoodwill`	$19.10M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$59.70M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$20.80M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.08B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.21B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$86.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$69.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$88.70M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$77.50M	USD	Point-in-time
Accrued payroll and compensation	`EmployeeRelatedLiabilitiesCurrent`	$81.00M	USD	Point-in-time
Accrued payroll and compensation	`EmployeeRelatedLiabilitiesCurrent`	$98.40M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$28.20M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$24.30M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$965.90M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$991.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.25B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.26B	USD	Point-in-time
DEFERRED REVENUE	`ContractWithCustomerLiabilityNoncurrent`	$720.90M	USD	Point-in-time
DEFERRED REVENUE	`ContractWithCustomerLiabilityNoncurrent`	$774.70M	USD	Point-in-time
INCOME TAX LIABILITIES	`AccruedIncomeTaxesNoncurrent`	$80.70M	USD	Point-in-time
INCOME TAX LIABILITIES	`AccruedIncomeTaxesNoncurrent`	$77.50M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$13.00M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$37.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.07B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.15B	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 value300 shares authorized; 170.7 and 169.8 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$200.00K	USD	Point-in-time
Common stock, $0.001 par value300 shares authorized; 170.7 and 169.8 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$200.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.11B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.07B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-800.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-200.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-57.50M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-50.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$589.40M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.01B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.06B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$693.50M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$3.21B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$3.08B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Common Stock, par value (dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, par value (dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	170.70M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	169.80M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	169.80M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	170.70M	shares	Point-in-time
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$472.60M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$399.00M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$97.20M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$113.00M	USD	1 Quarter
Total gross profit	`GrossProfit`	$301.80M	USD	1 Quarter
Total gross profit	`GrossProfit`	$359.60M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$68.60M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$59.10M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$185.30M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$215.90M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$24.50M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$25.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$309.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$269.40M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$32.40M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$50.60M	USD	1 Quarter
INTEREST INCOME	`InvestmentIncomeNet`	$10.20M	USD	1 Quarter
INTEREST INCOME	`InvestmentIncomeNet`	$4.50M	USD	1 Quarter
OTHER EXPENSENET	`OtherNonoperatingIncomeExpense`	$-500.00K	USD	1 Quarter
OTHER EXPENSENET	`OtherNonoperatingIncomeExpense`	$-200.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$36.70M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$60.30M	USD	1 Quarter
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	$1.50M	USD	1 Quarter
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	$-4.90M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$41.60M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$58.80M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.35	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.25	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.24	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	170.20M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	167.70M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	174.80M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	171.80M	shares	1 Quarter

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$41.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$58.80M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$43.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$36.50M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$20.80M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$25.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.20M	USD	1 Quarter
Amortization of investment premiums, net of accretion of purchase discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-100.00K	USD	1 Quarter
Amortization of investment premiums, net of accretion of purchase discounts	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.10M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-300.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-300.00K	USD	1 Quarter
Accounts receivablenet	`IncreaseDecreaseInAccountsReceivable`	$-48.90M	USD	1 Quarter
Accounts receivablenet	`IncreaseDecreaseInAccountsReceivable`	$-63.60M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$2.60M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$7.30M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.90M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.20M	USD	1 Quarter
Deferred contract costs	`IncreaseDecreaseInDeferredCharges`	$32.90M	USD	1 Quarter
Deferred contract costs	`IncreaseDecreaseInDeferredCharges`	$32.50M	USD	1 Quarter
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$9.60M	USD	1 Quarter
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$8.00M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$900.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-100.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-13.60M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-18.00M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$3.90M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-4.70M	USD	1 Quarter
Accrued payroll and compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-18.10M	USD	1 Quarter
Accrued payroll and compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-10.00M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-900.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-600.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$79.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$64.10M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-7.80M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-700.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$139.70M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$201.30M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$134.90M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$264.50M	USD	1 Quarter
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$8.10M	USD	1 Quarter
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$16.30M	USD	1 Quarter
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$104.70M	USD	1 Quarter
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$227.60M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.20M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.60M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.50M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-39.00M	USD	1 Quarter
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$60.40M	USD	1 Quarter
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$115.50M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$34.60M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$45.10M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$32.00M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$19.20M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-57.80M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-89.60M	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$104.50M	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$24.60M	USD	1 Quarter
CASH AND CASH EQUIVALENTSBeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.22B	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.11B	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$811.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$835.60M	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashAndCashEquivalentsAtCarryingValue`	$1.22B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashAndCashEquivalentsAtCarryingValue`	$1.11B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashAndCashEquivalentsAtCarryingValue`	$811.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashAndCashEquivalentsAtCarryingValue`	$835.60M	USD	Point-in-time
Operating lease liabilities arising from obtaining right-of-use assets	`LeaseLiabilityArisingfromObtainingRightofUseAsset`	$3.50M	USD	1 Quarter
Cash paid to settle liability incurred for repurchase of common stock	`RepurchaseofCommonStockSettlementofLiabilitiesIncurred`	$4.20M	USD	1 Quarter
Cash paid to settle liability incurred for repurchase of common stock	`RepurchaseofCommonStockSettlementofLiabilitiesIncurred`	-	USD	1 Quarter
Transfers of evaluation units from inventory to property and equipment	`TransfersofEvaluationUnitsfromInventorytoPropertyandEquipment`	$4.90M	USD	1 Quarter
Transfers of evaluation units from inventory to property and equipment	`TransfersofEvaluationUnitsfromInventorytoPropertyandEquipment`	$4.30M	USD	1 Quarter
Liability for purchase of property and equipment and asset retirement obligations	`CapitalExpendituresIncurredButNotYetPaid`	$3.60M	USD	1 Quarter
Liability for purchase of property and equipment and asset retirement obligations	`CapitalExpendituresIncurredButNotYetPaid`	$7.60M	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$589.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.01B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.06B	USD	Point-in-time
Balance	`StockholdersEquity`	$693.50M	USD	Point-in-time
Issuance of common stock in connection with equity incentive plans - net of tax withholding	`StockIssuedDuringPeriodValueEquityIncentivePlansNetofTaxesWithheld`	$25.40M	USD	1 Quarter
Issuance of common stock in connection with equity incentive plans - net of tax withholding	`StockIssuedDuringPeriodValueEquityIncentivePlansNetofTaxesWithheld`	$1.60M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$115.50M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$56.20M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$36.50M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$43.00M	USD	1 Quarter
Net unrealized gain on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$700.00K	USD	1 Quarter
Net unrealized gain on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$41.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$58.80M	USD	1 Quarter
Balance	`StockholdersEquity`	$589.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.01B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.06B	USD	Point-in-time
Balance	`StockholdersEquity`	$693.50M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$41.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$58.80M	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$1.00M	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-1.20M	USD	1 Quarter
Tax provision related to change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	-	USD	1 Quarter
Tax provision related to change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$300.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.20M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$700.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$40.40M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$59.50M	USD	1 Quarter

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