10-Q Filing

MARKETAXESS HOLDINGS INC CIK: 1278021 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-033405`
Period End Date	20200630
Filing Date	20200724
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	mktx-10q_20200630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 92 Cash Flow Statement 69 Stockholders Equity 54 Comprehensive Income 28

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$200.00K	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$57.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$404.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$270.12M	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
Investments, at fair value	`MarketableSecurities`	$230.48M	USD	Point-in-time
Investments, at fair value	`MarketableSecurities`	$131.37M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.86M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $200 and $57 as of June 30, 2020 and December 31, 2019, respectively	`AccountsReceivableNet`	$99.22M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $200 and $57 as of June 30, 2020 and December 31, 2019, respectively	`AccountsReceivableNet`	$62.02M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Goodwill	`Goodwill`	$147.39M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Goodwill	`Goodwill`	$146.86M	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
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$59.55M	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$60.99M	USD	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$71.80M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00M	shares	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$78.46M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.78M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$81.40M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.75M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$77.93M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.94M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$41.10M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.94M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$30.77M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$33.00K	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$501.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.84M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.81M	shares	Point-in-time
Total assets	`Assets`	$1.04B	USD	Point-in-time
Total assets	`Assets`	$954.93M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$47.37M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$39.43M	USD	Point-in-time
Income and other tax liabilities	`TaxesPayableCurrentAndNoncurrent`	$16.69M	USD	Point-in-time
Income and other tax liabilities	`TaxesPayableCurrentAndNoncurrent`	$24.91M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$3.50M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$4.07M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$22.62M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$19.29M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$94.70M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$97.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$185.73M	USD	Point-in-time
Total liabilities	`Liabilities`	$184.84M	USD	Point-in-time
Commitments and Contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$122.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$122.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$327.97M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$342.54M	USD	Point-in-time
Treasury stock - Common stock voting, at cost, 2,837,164 and 2,810,609 shares as of June 30, 2020 and December 31, 2019, respectively	`TreasuryStockValue`	$164.68M	USD	Point-in-time
Treasury stock - Common stock voting, at cost, 2,837,164 and 2,810,609 shares as of June 30, 2020 and December 31, 2019, respectively	`TreasuryStockValue`	$153.39M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$591.09M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$704.22M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.27M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-14.15M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$770.09M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$853.48M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$631.15M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$797.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$661.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$607.88M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$954.93M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.04B	USD	Point-in-time

Income Statement 92 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$249.98M	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$353.77M	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$184.79M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$125.49M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$65.28M	USD	2 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$82.83M	USD	2 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$32.62M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$41.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$16.37M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$12.43M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$8.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.34M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$8.59M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$6.47M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$12.26M	USD	2 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$16.75M	USD	2 Qtrs
Professional and consulting fees	`ProfessionalFees`	$12.13M	USD	2 Qtrs
Professional and consulting fees	`ProfessionalFees`	$13.74M	USD	2 Qtrs
Professional and consulting fees	`ProfessionalFees`	$6.30M	USD	1 Quarter
Professional and consulting fees	`ProfessionalFees`	$8.06M	USD	1 Quarter
Occupancy	`OccupancyNet`	$5.75M	USD	2 Qtrs
Occupancy	`OccupancyNet`	$3.29M	USD	1 Quarter
Occupancy	`OccupancyNet`	$2.80M	USD	1 Quarter
Occupancy	`OccupancyNet`	$6.76M	USD	2 Qtrs
Marketing and advertising	`MarketingAndAdvertisingExpense`	$3.67M	USD	1 Quarter
Marketing and advertising	`MarketingAndAdvertisingExpense`	$4.49M	USD	2 Qtrs
Marketing and advertising	`MarketingAndAdvertisingExpense`	$5.97M	USD	2 Qtrs
Marketing and advertising	`MarketingAndAdvertisingExpense`	$1.81M	USD	1 Quarter
Clearing costs	`TransactionCosts`	$2.61M	USD	1 Quarter
Clearing costs	`TransactionCosts`	$11.22M	USD	2 Qtrs
Clearing costs	`TransactionCosts`	$5.71M	USD	1 Quarter
Clearing costs	`TransactionCosts`	$5.19M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.92M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.39M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.25M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.80M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$64.61M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$80.66M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$125.92M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$158.55M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$104.14M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$124.07M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$195.22M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$60.88M	USD	1 Quarter
Investment income	`InvestmentIncomeNonoperating`	$714.00K	USD	1 Quarter
Investment income	`InvestmentIncomeNonoperating`	$4.08M	USD	2 Qtrs
Investment income	`InvestmentIncomeNonoperating`	$1.98M	USD	2 Qtrs
Investment income	`InvestmentIncomeNonoperating`	$2.10M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-1.10M	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-446.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-22.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-64.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$268.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$4.06M	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$2.03M	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$881.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$62.91M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$104.40M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$128.13M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$196.10M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$27.50M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.55M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$37.44M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$52.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$74.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$83.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$158.67M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$100.63M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$48.10M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$4.25	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.30	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.25	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.72	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$2.20	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$4.16	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$2.66	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.27	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.02	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.51	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.60	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.60	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.51	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.20	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.05M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.32M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.05M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.34M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.91M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.15M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.87M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.12M	shares	2 Qtrs

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$52.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$74.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$83.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$158.67M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$100.63M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$48.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$16.37M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$12.43M	USD	2 Qtrs
Amortization of operating lease right-of-use assets	`AmortizationOfOperatingLeaseRightOfUseAssets`	$3.33M	USD	2 Qtrs
Amortization of operating lease right-of-use assets	`AmortizationOfOperatingLeaseRightOfUseAssets`	$2.83M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$12.47M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$11.12M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$4.74M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.63M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-2.20M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$296.00K	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$37.46M	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.88M	USD	2 Qtrs
Decrease (increase) in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.12M	USD	2 Qtrs
Decrease (increase) in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$131.00K	USD	2 Qtrs
Decrease in trading investments	`IncreaseDecreaseInTradingSecurities`	$-8.85M	USD	2 Qtrs
Decrease in trading investments	`IncreaseDecreaseInTradingSecurities`	$-63.27M	USD	2 Qtrs
(Decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-7.93M	USD	2 Qtrs
(Decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-12.38M	USD	2 Qtrs
Increase (decrease) in income and other tax liabilities	`IncreaseDecreaseInIncomeTaxes`	$3.84M	USD	2 Qtrs
Increase (decrease) in income and other tax liabilities	`IncreaseDecreaseInIncomeTaxes`	$-3.66M	USD	2 Qtrs
Increase in deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$569.00K	USD	2 Qtrs
Increase in deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$1.00M	USD	2 Qtrs
Increase (decrease) in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.46M	USD	2 Qtrs
Increase (decrease) in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-877.00K	USD	2 Qtrs
(Decrease) in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-1.42M	USD	2 Qtrs
(Decrease) in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-3.07M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$225.22M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$109.10M	USD	2 Qtrs
Acquisition of business, net of cash and cash equivalents acquired	`PaymentsToAcquireBusinessesNetOfCashAndCashEquivalentsAcquired`	$533.00K	USD	2 Qtrs
Proceeds from maturities and sales, available-for-sale investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$68.60M	USD	2 Qtrs
Proceeds from maturities and sales, available-for-sale investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$130.88M	USD	2 Qtrs
Purchases, available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$128.19M	USD	2 Qtrs
Purchases, available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$32.87M	USD	2 Qtrs
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.11M	USD	2 Qtrs
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.26M	USD	2 Qtrs
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$13.00M	USD	2 Qtrs
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$7.31M	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$12.93M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.74M	USD	2 Qtrs
Cash dividend on common stock	`PaymentsOfOrdinaryDividends`	$45.67M	USD	2 Qtrs
Cash dividend on common stock	`PaymentsOfOrdinaryDividends`	$38.32M	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$522.00K	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$739.00K	USD	2 Qtrs
Withholding tax payments on restricted stock vesting and stock option exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$12.06M	USD	2 Qtrs
Withholding tax payments on restricted stock vesting and stock option exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$27.78M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$11.29M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$8.67M	USD	2 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-84.00M	USD	2 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-58.53M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-3.68M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$21.00K	USD	2 Qtrs
Net increase for the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$150.48M	USD	2 Qtrs
Net increase for the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$39.85M	USD	2 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$247.46M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$424.73M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$274.25M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$287.31M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$247.46M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$424.73M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$274.25M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$287.31M	USD	Point-in-time
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$688.00K	USD	2 Qtrs

Stockholders Equity 54 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.02	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.51	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.60	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.60	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.51	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.20	USD	2 Qtrs
Beginning Balance	`StockholdersEquity`	$770.09M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$853.48M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$631.15M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$797.88M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$661.91M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$607.88M	USD	Point-in-time
Net income	`NetIncomeLoss`	$52.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$74.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$83.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$158.67M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$100.63M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$48.10M	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.12M	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.21M	USD	2 Qtrs
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.10M	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$18.00K	USD	2 Qtrs
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.86M	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-351.00K	USD	1 Quarter
Unrealized net (loss) gain on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$459.00K	USD	1 Quarter
Unrealized net (loss) gain on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-491.00K	USD	1 Quarter
Unrealized net (loss) gain on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$459.00K	USD	1 Quarter
Unrealized net (loss) gain on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$820.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.68M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.20M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.79M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.93M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$80.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$172.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$659.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$350.00K	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation`	$11.80M	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation`	$21.24M	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation`	$6.54M	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation`	$258.00K	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$5.87M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$5.18M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$3.49M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$5.42M	USD	1 Quarter
Cash dividend on common stock ($0.60 per share)	`DividendsCommonStockCash`	$19.24M	USD	1 Quarter
Cash dividend on common stock ($0.60 per share)	`DividendsCommonStockCash`	$22.77M	USD	1 Quarter
Cash dividend on common stock ($0.60 per share)	`DividendsCommonStockCash`	$19.21M	USD	1 Quarter
Cash dividend on common stock ($0.60 per share)	`DividendsCommonStockCash`	$22.76M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$770.09M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$853.48M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$631.15M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$797.88M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$661.91M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$607.88M	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Foreign currency exchange hedge, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$269.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$52.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$74.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$83.85M	USD	1 Quarter
Foreign currency exchange hedge, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$2.56M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$158.67M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$100.63M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$48.10M	USD	1 Quarter
Foreign currency exchange hedge, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$121.00K	USD	1 Quarter
Foreign currency exchange hedge, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$721.00K	USD	1 Quarter
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$144.00K	USD	1 Quarter
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$287.00K	USD	2 Qtrs
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $121, $721, $2,562, and $269, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.12M	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $121, $721, $2,562, and $269, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.21M	USD	2 Qtrs
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $121, $721, $2,562, and $269, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.10M	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $121, $721, $2,562, and $269, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$18.00K	USD	2 Qtrs
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $121, $721, $2,562, and $269, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.86M	USD	1 Quarter
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$259.00K	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $121, $721, $2,562, and $269, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-351.00K	USD	1 Quarter
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$104.00K	USD	2 Qtrs
Net unrealized gain on securities available-for-sale, net of tax of $259, $144, $104, and $287, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$918.00K	USD	2 Qtrs
Net unrealized gain on securities available-for-sale, net of tax of $259, $144, $104, and $287, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$820.00K	USD	1 Quarter
Net unrealized gain on securities available-for-sale, net of tax of $259, $144, $104, and $287, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$459.00K	USD	1 Quarter
Net unrealized gain on securities available-for-sale, net of tax of $259, $144, $104, and $287, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$329.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$101.56M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$154.79M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$47.46M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$84.32M	USD	1 Quarter

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