10-Q Filing

FORTINET, INC. CIK: 1262039 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001262039-20-000032`
Period End Date	20200331
Filing Date	20200507
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	ftnt-0331202010xq_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 44 Cash Flow Statement 80 Stockholders Equity 18 Comprehensive Income 10

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.22B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$626.10M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$775.20M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$843.10M	USD	Point-in-time
Accounts receivablenet	`AccountsReceivableNetCurrent`	$544.30M	USD	Point-in-time
Accounts receivablenet	`AccountsReceivableNetCurrent`	$474.70M	USD	Point-in-time
Inventory	`InventoryNet`	$117.90M	USD	Point-in-time
Inventory	`InventoryNet`	$105.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$54.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$41.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.04B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.77B	USD	Point-in-time
LONG-TERM INVESTMENTS	`LongTermInvestments`	$172.00M	USD	Point-in-time
LONG-TERM INVESTMENTS	`LongTermInvestments`	$144.30M	USD	Point-in-time
PROPERTY AND EQUIPMENTNET	`PropertyPlantAndEquipmentNet`	$374.20M	USD	Point-in-time
PROPERTY AND EQUIPMENTNET	`PropertyPlantAndEquipmentNet`	$344.30M	USD	Point-in-time
DEFERRED CONTRACT COSTS	`CapitalizedContractCostNet`	$248.70M	USD	Point-in-time
DEFERRED CONTRACT COSTS	`CapitalizedContractCostNet`	$237.00M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredIncomeTaxAssetsNet`	$226.50M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredIncomeTaxAssetsNet`	$232.60M	USD	Point-in-time
GOODWILL	`Goodwill`	$67.20M	USD	Point-in-time
GOODWILL	`Goodwill`	$67.20M	USD	Point-in-time
OTHER INTANGIBLE ASSETSNET	`IntangibleAssetsNetExcludingGoodwill`	$31.10M	USD	Point-in-time
OTHER INTANGIBLE ASSETSNET	`IntangibleAssetsNetExcludingGoodwill`	$27.10M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$60.00M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$55.20M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.89B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.21B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$87.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$96.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$121.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$101.80M	USD	Point-in-time
Accrued payroll and compensation	`EmployeeRelatedLiabilitiesCurrent`	$101.80M	USD	Point-in-time
Accrued payroll and compensation	`EmployeeRelatedLiabilitiesCurrent`	$103.60M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.17B	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.23B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.54B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.47B	USD	Point-in-time
DEFERRED REVENUE	`ContractWithCustomerLiabilityNoncurrent`	$962.30M	USD	Point-in-time
DEFERRED REVENUE	`ContractWithCustomerLiabilityNoncurrent`	$996.60M	USD	Point-in-time
INCOME TAX LIABILITIES	`AccruedIncomeTaxesNoncurrent`	$82.80M	USD	Point-in-time
INCOME TAX LIABILITIES	`AccruedIncomeTaxesNoncurrent`	$81.30M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$49.00M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$44.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.56B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.67B	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; 162.6 and 171.7 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively	`CommonStockValue`	$200.00K	USD	Point-in-time
Common stock, $0.001 par value300 shares authorized; 162.6 and 171.7 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively	`CommonStockValue`	$200.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.13B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.18B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.10M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.10M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$140.30M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-589.20M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.06B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.32B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.01B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$536.30M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$3.21B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$3.89B	USD	Point-in-time

Income Statement 44 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`	171.70M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	162.60M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	171.70M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	162.60M	shares	Point-in-time
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$472.60M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$576.90M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$113.00M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$128.70M	USD	1 Quarter
Total gross profit	`GrossProfit`	$359.60M	USD	1 Quarter
Total gross profit	`GrossProfit`	$448.20M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$68.60M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$80.30M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$260.00M	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`	$28.80M	USD	1 Quarter
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	$36.80M	USD	1 Quarter
Gain on intellectual property matter	`GainLossFromMutualCovenantNotToSueAgreementRightToUseExistingIntellectualProperty`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$309.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$332.30M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$115.90M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$50.60M	USD	1 Quarter
INTEREST INCOMENET	`InvestmentIncomeNet`	$9.20M	USD	1 Quarter
INTEREST INCOMENET	`InvestmentIncomeNet`	$10.20M	USD	1 Quarter
OTHER EXPENSENET	`OtherNonoperatingIncomeExpense`	$-500.00K	USD	1 Quarter
OTHER EXPENSENET	`OtherNonoperatingIncomeExpense`	$-8.00M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$60.30M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$117.10M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$13.10M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$1.50M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$104.00M	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`	$0.61	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.60	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	170.60M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	170.20M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	174.80M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	174.20M	shares	1 Quarter

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$104.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$58.80M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$43.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$44.80M	USD	1 Quarter
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$31.30M	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`	$17.60M	USD	1 Quarter
Amortization of investment premiums (discounts)	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$600.00K	USD	1 Quarter
Amortization of investment premiums (discounts)	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.10M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-300.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-4.30M	USD	1 Quarter
Accounts receivablenet	`IncreaseDecreaseInAccountsReceivable`	$-63.60M	USD	1 Quarter
Accounts receivablenet	`IncreaseDecreaseInAccountsReceivable`	$-69.60M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-6.70M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$2.60M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$12.90M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.90M	USD	1 Quarter
Deferred contract costs	`IncreaseDecreaseInDeferredCharges`	$43.00M	USD	1 Quarter
Deferred contract costs	`IncreaseDecreaseInDeferredCharges`	$32.90M	USD	1 Quarter
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$8.00M	USD	1 Quarter
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$-7.10M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-900.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-100.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-18.00M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$3.20M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.80M	USD	1 Quarter
Accrued payroll and compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.80M	USD	1 Quarter
Accrued payroll and compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-18.10M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$4.10M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-900.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$79.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$90.90M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$201.30M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$319.40M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$368.30M	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`	$126.80M	USD	1 Quarter
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$277.20M	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`	$27.60M	USD	1 Quarter
Payments made in connection with business combination, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Payments made in connection with business combination, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$3.10M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$400.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$4.60M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-39.00M	USD	1 Quarter
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$889.90M	USD	1 Quarter
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$60.40M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$7.40M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$34.60M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$37.80M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$32.00M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-100.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-920.40M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-57.80M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-596.40M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$104.50M	USD	1 Quarter
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22B	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22B	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.11B	USD	Point-in-time
CASH AND CASH EQUIVALENTSBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$626.10M	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.11B	USD	Point-in-time
CASH AND CASH EQUIVALENTSEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$626.10M	USD	Point-in-time
Operating lease liabilities arising from obtaining right-of-use assets	`LeaseLiabilityArisingfromObtainingRightofUseAsset`	$3.50M	USD	1 Quarter
Operating lease liabilities arising from obtaining right-of-use assets	`LeaseLiabilityArisingfromObtainingRightofUseAsset`	$2.40M	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`	$4.30M	USD	1 Quarter
Transfers of evaluation units from inventory to property and equipment	`TransfersofEvaluationUnitsfromInventorytoPropertyandEquipment`	$6.30M	USD	1 Quarter
Liability for purchase of property and equipment and asset retirement obligations	`CapitalExpendituresIncurredButNotYetPaid`	$25.90M	USD	1 Quarter
Liability for purchase of property and equipment and asset retirement obligations	`CapitalExpendituresIncurredButNotYetPaid`	$7.60M	USD	1 Quarter
Liability incurred for repurchase of common stock	`RepurchaseofCommonStockLiabilitiesIncurred`	$10.00M	USD	1 Quarter
Liability incurred for repurchase of common stock	`RepurchaseofCommonStockLiabilitiesIncurred`	-	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$1.06B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.32B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.01B	USD	Point-in-time
Balance	`StockholdersEquity`	$536.30M	USD	Point-in-time
Issuance of common stock in connection with equity incentive plans - net of tax withholding	`StockIssuedDuringPeriodValueEquityIncentivePlansNetofTaxesWithheld`	$-30.30M	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`	$899.90M	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$56.20M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$43.00M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$44.80M	USD	1 Quarter
Net unrealized gain (loss) on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$700.00K	USD	1 Quarter
Net unrealized gain (loss) on investments - net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-4.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$104.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$58.80M	USD	1 Quarter
Balance	`StockholdersEquity`	$1.06B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.32B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.01B	USD	Point-in-time
Balance	`StockholdersEquity`	$536.30M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$104.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$58.80M	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-5.20M	USD	1 Quarter
Change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$1.00M	USD	1 Quarter
Less: tax provision (benefit) related to change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$300.00K	USD	1 Quarter
Less: tax provision (benefit) related to change in unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$-1.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-4.20M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$700.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$59.50M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$99.80M	USD	1 Quarter

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