10-Q Filing

MARKETAXESS HOLDINGS INC CIK: 1278021 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001564590-16-021803`
Period End Date	20160630
Filing Date	20160729
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	mktx-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 84 Cash Flow Statement 62 Stockholders Equity 19 Comprehensive Income 24

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$178.00K	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$109.00K	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.86M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.86M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$169.26M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$199.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$168.92M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$153.28M	USD	Point-in-time
Investments, at fair value	`MarketableSecuritiesCurrent`	$146.33M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investments, at fair value	`MarketableSecuritiesCurrent`	$84.71M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance of $178 and $109 as of June 30, 2016 and December 31, 2015, respectively	`AccountsReceivableNet`	$40.46M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance of $178 and $109 as of June 30, 2016 and December 31, 2015, respectively	`AccountsReceivableNet`	$62.86M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00M	shares	Point-in-time
Goodwill and intangible assets, net of accumulated amortization	`IntangibleAssetsNetIncludingGoodwill`	$64.14M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00M	shares	Point-in-time
Goodwill and intangible assets, net of accumulated amortization	`IntangibleAssetsNetIncludingGoodwill`	$63.63M	USD	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$31.50M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.09M	shares	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$30.90M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	39.82M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$9.88M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.41M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$13.46M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.64M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.45M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.41M	shares	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$9.23M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$6.06M	USD	Point-in-time
Total assets	`Assets`	$439.04M	USD	Point-in-time
Total assets	`Assets`	$477.12M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$20.21M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$29.30M	USD	Point-in-time
Income and other tax liabilities	`TaxesPayableCurrentAndNoncurrent`	$3.00M	USD	Point-in-time
Income and other tax liabilities	`TaxesPayableCurrentAndNoncurrent`	$4.46M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCredits`	$2.31M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCredits`	$2.61M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$15.15M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$12.26M	USD	Point-in-time
Total liabilities	`Liabilities`	$40.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$48.33M	USD	Point-in-time
Commitments and Contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$321.21M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$333.28M	USD	Point-in-time
Treasury stock - Common stock voting, at cost, 2,450,672 and 2,412,245 shares as of June 30, 2016 and December 31, 2015, respectively	`TreasuryStockValue`	$98.81M	USD	Point-in-time
Treasury stock - Common stock voting, at cost, 2,450,672 and 2,412,245 shares as of June 30, 2016 and December 31, 2015, respectively	`TreasuryStockValue`	$93.41M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$210.61M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$168.01M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.05M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.23M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$390.71M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$436.15M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$439.04M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$477.12M	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Commissions	`FeesAndCommissions`	$86.24M	USD	1 Quarter
Commissions	`FeesAndCommissions`	$66.41M	USD	1 Quarter
Commissions	`FeesAndCommissions`	$165.33M	USD	2 Qtrs
Commissions	`FeesAndCommissions`	$133.43M	USD	2 Qtrs
Information and post-trade services	`InformationAndPostTradeServicesRevenue`	$8.59M	USD	1 Quarter
Information and post-trade services	`InformationAndPostTradeServicesRevenue`	$15.31M	USD	2 Qtrs
Information and post-trade services	`InformationAndPostTradeServicesRevenue`	$16.36M	USD	2 Qtrs
Information and post-trade services	`InformationAndPostTradeServicesRevenue`	$7.63M	USD	1 Quarter
Investment income	`NetInvestmentIncome`	$190.00K	USD	1 Quarter
Investment income	`NetInvestmentIncome`	$935.00K	USD	2 Qtrs
Investment income	`NetInvestmentIncome`	$517.00K	USD	1 Quarter
Investment income	`NetInvestmentIncome`	$373.00K	USD	2 Qtrs
Other	`OtherIncome`	$1.30M	USD	1 Quarter
Other	`OtherIncome`	$2.58M	USD	2 Qtrs
Other	`OtherIncome`	$1.26M	USD	1 Quarter
Other	`OtherIncome`	$3.15M	USD	2 Qtrs
Total revenues	`Revenues`	$185.21M	USD	2 Qtrs
Total revenues	`Revenues`	$152.26M	USD	2 Qtrs
Total revenues	`Revenues`	$96.64M	USD	1 Quarter
Total revenues	`Revenues`	$75.49M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$41.77M	USD	2 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$25.82M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$20.59M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$50.34M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.54M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.22M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$9.21M	USD	2 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$3.97M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$8.58M	USD	2 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$8.30M	USD	2 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$4.28M	USD	1 Quarter
Professional and consulting fees	`ProfessionalFees`	$6.29M	USD	2 Qtrs
Professional and consulting fees	`ProfessionalFees`	$4.25M	USD	1 Quarter
Professional and consulting fees	`ProfessionalFees`	$3.01M	USD	1 Quarter
Professional and consulting fees	`ProfessionalFees`	$8.11M	USD	2 Qtrs
Occupancy	`OccupancyNet`	$1.23M	USD	1 Quarter
Occupancy	`OccupancyNet`	$2.22M	USD	2 Qtrs
Occupancy	`OccupancyNet`	$1.23M	USD	1 Quarter
Occupancy	`OccupancyNet`	$2.39M	USD	2 Qtrs
Marketing and advertising	`MarketingAndAdvertisingExpense`	$2.96M	USD	2 Qtrs
Marketing and advertising	`MarketingAndAdvertisingExpense`	$1.76M	USD	1 Quarter
Marketing and advertising	`MarketingAndAdvertisingExpense`	$1.82M	USD	1 Quarter
Marketing and advertising	`MarketingAndAdvertisingExpense`	$3.60M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.16M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.05M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.94M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.26M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$38.43M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$90.29M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$76.70M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$46.09M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$75.56M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$50.55M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$94.92M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$37.06M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.43M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$26.73M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$32.83M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$48.83M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$33.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$24.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$62.09M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.90	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.69	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.33	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.66	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.65	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.30	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.88	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.64	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.52	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.40	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.26	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.88M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.83M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.70M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.70M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.75M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.71M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.64M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.63M	shares	2 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$48.83M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$33.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$24.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$62.09M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$9.22M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$9.21M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$6.94M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$6.03M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$858.00K	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$307.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-646.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-1.20M	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.20M	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$22.68M	USD	2 Qtrs
(Increase) in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.91M	USD	2 Qtrs
(Increase) in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.57M	USD	2 Qtrs
(Decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-9.08M	USD	2 Qtrs
(Decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-9.20M	USD	2 Qtrs
(Decrease) increase in income and other tax liabilities	`IncreaseDecreaseInIncomeTaxes`	$1.34M	USD	2 Qtrs
(Decrease) increase in income and other tax liabilities	`IncreaseDecreaseInIncomeTaxes`	$-1.86M	USD	2 Qtrs
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$294.00K	USD	2 Qtrs
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$185.00K	USD	2 Qtrs
Increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.71M	USD	2 Qtrs
Increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.25M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$40.59M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-28.67M	USD	2 Qtrs
Proceeds from maturities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$20.00M	USD	2 Qtrs
Proceeds from maturities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$15.33M	USD	2 Qtrs
Purchases	`PaymentsToAcquireAvailableForSaleSecurities`	$19.10M	USD	2 Qtrs
Purchases	`PaymentsToAcquireAvailableForSaleSecurities`	$8.06M	USD	2 Qtrs
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.90M	USD	2 Qtrs
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.35M	USD	2 Qtrs
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$4.82M	USD	2 Qtrs
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$6.14M	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$4.00K	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-99.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.99M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.94M	USD	2 Qtrs
Cash dividend on common stock	`PaymentsOfOrdinaryDividends`	$19.31M	USD	2 Qtrs
Cash dividend on common stock	`PaymentsOfOrdinaryDividends`	$14.86M	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$990.00K	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.14M	USD	2 Qtrs
Withholding tax payments on restricted stock vesting and stock option exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.24M	USD	2 Qtrs
Withholding tax payments on restricted stock vesting and stock option exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.58M	USD	2 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$8.57M	USD	2 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.75M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$14.46M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$5.40M	USD	2 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-19.59M	USD	2 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-28.82M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-185.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-497.00K	USD	2 Qtrs
Net (decrease) increase for the period	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$339.00K	USD	2 Qtrs
Net (decrease) increase for the period	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-46.45M	USD	2 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$169.26M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$199.73M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$168.92M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$153.28M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$169.26M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$199.73M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$168.92M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$153.28M	USD	Point-in-time

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$390.71M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$436.15M	USD	Point-in-time
Net income	`NetIncomeLoss`	$48.83M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$33.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$24.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$62.09M	USD	2 Qtrs
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.80M	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-316.00K	USD	2 Qtrs
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-266.00K	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.04M	USD	2 Qtrs
Unrealized gain on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$221.00K	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.94M	USD	2 Qtrs
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.14M	USD	2 Qtrs
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.58M	USD	2 Qtrs
Excess tax benefits from stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$8.57M	USD	2 Qtrs
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$5.40M	USD	2 Qtrs
Cash dividend on common stock	`DividendsCommonStockCash`	$19.49M	USD	2 Qtrs
Ending Balance	`StockholdersEquity`	$390.71M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$436.15M	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Foreign currency exchange hedge, tax benefit	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-160.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$48.83M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$33.13M	USD	1 Quarter
Foreign currency exchange hedge, tax benefit	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$4.10M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$24.24M	USD	1 Quarter
Foreign currency exchange hedge, tax benefit	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$2.09M	USD	1 Quarter
Foreign currency exchange hedge, tax benefit	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-166.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$62.09M	USD	2 Qtrs
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $2,089, $(166), $4,101 and $(160), respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.80M	USD	1 Quarter
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-43.00K	USD	1 Quarter
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$21.00K	USD	1 Quarter
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-4.00K	USD	2 Qtrs
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $2,089, $(166), $4,101 and $(160), respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-316.00K	USD	2 Qtrs
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $2,089, $(166), $4,101 and $(160), respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-266.00K	USD	1 Quarter
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$136.00K	USD	2 Qtrs
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $2,089, $(166), $4,101 and $(160), respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.04M	USD	2 Qtrs
Net unrealized gain (loss) on securities available-for-sale, net of tax of $21, $(43), $136 and $(4), respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$34.00K	USD	1 Quarter
Net unrealized gain (loss) on securities available-for-sale, net of tax of $21, $(43), $136 and $(4), respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$221.00K	USD	2 Qtrs
Net unrealized gain (loss) on securities available-for-sale, net of tax of $21, $(43), $136 and $(4), respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-6.00K	USD	2 Qtrs
Net unrealized gain (loss) on securities available-for-sale, net of tax of $21, $(43), $136 and $(4), respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-69.00K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$48.51M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$31.36M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$23.90M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$58.27M	USD	2 Qtrs

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