10-Q Filing

VEEVA SYSTEMS INC CIK: 1393052 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001393052-21-000028`
Period End Date	20210430
Filing Date	20210604
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	veev-20210430_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 40 Cash Flow Statement 76 Stockholders Equity 19

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$358.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$193.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$730.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.18B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$720.78M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$965.45M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$933.12M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $358 and $193, respectively	`AccountsReceivableNetCurrent`	$262.33M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $358 and $193, respectively	`AccountsReceivableNetCurrent`	$564.39M	USD	Point-in-time
Unbilled accounts receivable	`UnbilledReceivablesCurrent`	$47.21M	USD	Point-in-time
Unbilled accounts receivable	`UnbilledReceivablesCurrent`	$51.37M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$30.94M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$35.61M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.31B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.50B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$52.25M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$53.65M	USD	Point-in-time
Deferred costs, net	`DeferredCosts`	$42.07M	USD	Point-in-time
Deferred costs, net	`DeferredCosts`	$40.01M	USD	Point-in-time
Lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$56.92M	USD	Point-in-time
Lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$53.78M	USD	Point-in-time
Goodwill	`Goodwill`	$436.03M	USD	Point-in-time
Goodwill	`Goodwill`	$436.03M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$110.17M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$114.59M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$13.85M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$14.10M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$21.01M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$17.88M	USD	Point-in-time
Total assets	`Assets`	$3.05B	USD	Point-in-time
Total assets	`Assets`	$3.22B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$23.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.86M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$30.41M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$31.72M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$30.98M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$32.72M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$2.59M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$6.30M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$616.99M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$608.67M	USD	Point-in-time
Lease liabilities	`OperatingAndFinanceLeaseLiabilityCurrent`	$11.72M	USD	Point-in-time
Lease liabilities	`OperatingAndFinanceLeaseLiabilityCurrent`	$11.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$709.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$715.95M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$1.83M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$6.49M	USD	Point-in-time
Lease liabilities, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$51.39M	USD	Point-in-time
Lease liabilities, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$48.67M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$12.46M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$10.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$779.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$777.16M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$965.67M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.03B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.30M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$992.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.42B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.30B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.80B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.44B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.67B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.27B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.22B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.05B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$433.57M	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$337.11M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$94.88M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$116.14M	USD	1 Quarter
Total stock-based compensation	`AllocatedShareBasedCompensationExpense`	$36.91M	USD	1 Quarter
Total stock-based compensation	`AllocatedShareBasedCompensationExpense`	$48.49M	USD	1 Quarter
Gross profit	`GrossProfit`	$242.23M	USD	1 Quarter
Gross profit	`GrossProfit`	$317.44M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$83.23M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$62.24M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$64.61M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$55.76M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$36.67M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$41.16M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$188.99M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$154.66M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$128.45M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$87.56M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$4.56M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$3.41M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$133.01M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$90.98M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.41M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$115.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$86.57M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.76	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.71	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.54	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	149.54M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	152.44M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	162.21M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	159.47M	shares	1 Quarter
Net change in unrealized gain (loss) on available-for-sale investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$1.30M	USD	1 Quarter
Net change in unrealized gain (loss) on available-for-sale investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-1.09M	USD	1 Quarter
Net change in cumulative foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$389.00K	USD	1 Quarter
Net change in cumulative foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.21M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$88.26M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$112.27M	USD	1 Quarter

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$115.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$86.57M	USD	1 Quarter
Depreciation and amortization	`OtherDepreciationAndAmortization`	$6.63M	USD	1 Quarter
Depreciation and amortization	`OtherDepreciationAndAmortization`	$7.88M	USD	1 Quarter
Reduction of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortization`	$2.83M	USD	1 Quarter
Reduction of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortization`	$3.00M	USD	1 Quarter
Accretion (amortization) of discount on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-1.54M	USD	1 Quarter
Accretion (amortization) of discount on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$11.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$36.91M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$48.49M	USD	1 Quarter
Amortization of deferred costs	`AmortizationOfDeferredCostsExcludingRightOfUseAssets`	$4.75M	USD	1 Quarter
Amortization of deferred costs	`AmortizationOfDeferredCostsExcludingRightOfUseAssets`	$6.36M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.13M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.24M	USD	1 Quarter
Loss on foreign currency from mark-to-market derivative	`ForeignCurrencyTransactionGainLossBeforeTax`	$-431.00K	USD	1 Quarter
Loss on foreign currency from mark-to-market derivative	`ForeignCurrencyTransactionGainLossBeforeTax`	$-93.00K	USD	1 Quarter
Bad debt (recovery) expense	`ProvisionForDoubtfulAccounts`	$-393.00K	USD	1 Quarter
Bad debt (recovery) expense	`ProvisionForDoubtfulAccounts`	$159.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-301.73M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-154.16M	USD	1 Quarter
Unbilled accounts receivable	`IncreaseDecreaseInUnbilledAccountsReceivable`	$4.16M	USD	1 Quarter
Unbilled accounts receivable	`IncreaseDecreaseInUnbilledAccountsReceivable`	$4.45M	USD	1 Quarter
Deferred costs	`IncreaseDecreaseInDeferredCharges`	$4.29M	USD	1 Quarter
Deferred costs	`IncreaseDecreaseInDeferredCharges`	$3.34M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.85M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.71M	USD	1 Quarter
Prepaid expenses and other current and long-term assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-551.00K	USD	1 Quarter
Prepaid expenses and other current and long-term assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.74M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.43M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.79M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.69M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$6.97M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-8.18M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.48M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInLeaseLiabilities`	$-2.75M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInLeaseLiabilities`	$-2.81M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$2.17M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$2.52M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$478.38M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$282.17M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$188.82M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$256.94M	USD	1 Quarter
Maturities and sales of short-term investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$140.34M	USD	1 Quarter
Maturities and sales of short-term investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$221.65M	USD	1 Quarter
Long-term assets	`PaymentsForProceedsFromProductiveAssets`	$2.66M	USD	1 Quarter
Long-term assets	`PaymentsForProceedsFromProductiveAssets`	$-267.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-48.21M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.95M	USD	1 Quarter
Changes in lease liabilities - finance leases	`FinanceLeaseProceedsPaymentsNet`	$-248.00K	USD	1 Quarter
Changes in lease liabilities - finance leases	`FinanceLeaseProceedsPaymentsNet`	$-286.00K	USD	1 Quarter
Proceeds from exercise of common stock options	`ProceedsFromStockOptionsExercised`	$17.09M	USD	1 Quarter
Proceeds from exercise of common stock options	`ProceedsFromStockOptionsExercised`	$9.78M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.53M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.80M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$548.00K	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-2.77M	USD	1 Quarter
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$244.04M	USD	1 Quarter
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$454.48M	USD	1 Quarter
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.19B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$731.71M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$479.80M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$723.84M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.19B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$731.71M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$479.80M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$723.84M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.19B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$731.71M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$479.80M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$723.84M	USD	Point-in-time
Cash paid for income taxes, net of refunds	`IncomeTaxesPaidNet`	$5.87M	USD	1 Quarter
Cash paid for income taxes, net of refunds	`IncomeTaxesPaidNet`	$5.13M	USD	1 Quarter
Excess tax benefits from employee stock plans	`ExcessTaxBenefitFromEmployeeStockPlans`	$17.45M	USD	1 Quarter
Excess tax benefits from employee stock plans	`ExcessTaxBenefitFromEmployeeStockPlans`	$19.61M	USD	1 Quarter
Changes in accounts payable and accrued expenses related to property and equipment purchases	`IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid`	$806.00K	USD	1 Quarter
Changes in accounts payable and accrued expenses related to property and equipment purchases	`IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid`	$590.00K	USD	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$1.80B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.44B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.67B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.27B	USD	Point-in-time
Issuance of common stock upon exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	485,037.00	shares	1 Quarter
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$17.60M	USD	1 Quarter
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$10.28M	USD	1 Quarter
Issuance of common stock upon vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	1 Quarter
Issuance of common stock upon vesting of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$36.91M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$48.79M	USD	1 Quarter
Change in other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-3.30M	USD	1 Quarter
Change in other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.69M	USD	1 Quarter
Net income	`NetIncomeLoss`	$115.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$86.57M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$1.80B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.44B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.67B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.27B	USD	Point-in-time

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