10-Q Filing

MARKETAXESS HOLDINGS INC CIK: 1278021 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-049336`
Period End Date	20200930
Filing Date	20201030
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	mktx-10q_20200930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 98 Cash Flow Statement 76 Stockholders Equity 76 Comprehensive Income 32

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$166.00K	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$57.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$310.37M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$270.12M	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 segregated under federal regulations	`CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations`	$50.03M	USD	Point-in-time
Investments, at fair value	`MarketableSecurities`	$31.27M	USD	Point-in-time
Investments, at fair value	`MarketableSecurities`	$230.48M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $166 and $57 as of September 30, 2020 and December 31, 2019, respectively	`AccountsReceivableNet`	$81.71M	USD	Point-in-time
Accounts receivable, net of allowance of $166 and $57 as of September 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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Receivables from broker-dealers, clearing organizations and customers	`ReceivablesFromBrokersDealersClearingOrganizationsAndCustomers`	$380.85M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00M	shares	Point-in-time
Goodwill	`Goodwill`	$146.86M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00M	shares	Point-in-time
Goodwill	`Goodwill`	$147.39M	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$58.87M	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$60.99M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.81M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.75M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.94M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.96M	shares	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$82.07M	USD	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$71.80M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.84M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$76.69M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$81.40M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.81M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$26.19M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$30.77M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$52.00K	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$501.00K	USD	Point-in-time
Total assets	`Assets`	$954.93M	USD	Point-in-time
Total assets	`Assets`	$1.25B	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$50.93M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$47.37M	USD	Point-in-time
Payables to broker-dealers, clearing organizations and customers	`PayablesToBrokerDealersAndClearingOrganizations`	$138.12M	USD	Point-in-time
Income and other tax liabilities	`TaxesPayableCurrentAndNoncurrent`	$34.82M	USD	Point-in-time
Income and other tax liabilities	`TaxesPayableCurrentAndNoncurrent`	$16.69M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$5.09M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$3.50M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$19.29M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$25.30M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$93.71M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$97.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$347.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$184.84M	USD	Point-in-time
Commitments and Contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 13)	`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`	$327.65M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$342.54M	USD	Point-in-time
Treasury stock - Common stock voting, at cost, 2,844,370 and 2,810,609 shares as of September 30, 2020 and December 31, 2019, respectively	`TreasuryStockValue`	$153.39M	USD	Point-in-time
Treasury stock - Common stock voting, at cost, 2,844,370 and 2,810,609 shares as of September 30, 2020 and December 31, 2019, respectively	`TreasuryStockValue`	$168.84M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$749.21M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$591.09M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.27M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$607.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$661.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$897.54M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$770.09M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$631.15M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$694.62M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$797.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$853.48M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$954.93M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.25B	USD	Point-in-time

Income Statement 98 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$164.01M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$381.58M	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$131.60M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$517.78M	USD	3 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$97.96M	USD	3 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$32.68M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$37.58M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$120.41M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$25.40M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$19.13M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$9.03M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$8.42M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$7.38M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$19.64M	USD	3 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$25.17M	USD	3 Qtrs
Professional and consulting fees	`ProfessionalFees`	$22.01M	USD	3 Qtrs
Professional and consulting fees	`ProfessionalFees`	$19.14M	USD	3 Qtrs
Professional and consulting fees	`ProfessionalFees`	$7.02M	USD	1 Quarter
Professional and consulting fees	`ProfessionalFees`	$8.27M	USD	1 Quarter
Occupancy	`OccupancyNet`	$3.44M	USD	1 Quarter
Occupancy	`OccupancyNet`	$2.80M	USD	1 Quarter
Occupancy	`OccupancyNet`	$10.21M	USD	3 Qtrs
Occupancy	`OccupancyNet`	$8.55M	USD	3 Qtrs
Marketing and advertising	`MarketingAndAdvertisingExpense`	$8.47M	USD	3 Qtrs
Marketing and advertising	`MarketingAndAdvertisingExpense`	$2.51M	USD	1 Quarter
Marketing and advertising	`MarketingAndAdvertisingExpense`	$5.63M	USD	3 Qtrs
Marketing and advertising	`MarketingAndAdvertisingExpense`	$1.15M	USD	1 Quarter
Clearing costs	`TransactionCosts`	$4.84M	USD	1 Quarter
Clearing costs	`TransactionCosts`	$7.97M	USD	3 Qtrs
Clearing costs	`TransactionCosts`	$2.78M	USD	1 Quarter
Clearing costs	`TransactionCosts`	$16.06M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.47M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.85M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$10.69M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.76M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$65.63M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$76.20M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$234.75M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$191.55M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$87.81M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$190.03M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$283.03M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$65.97M	USD	1 Quarter
Investment income	`InvestmentIncomeNonoperating`	$2.21M	USD	1 Quarter
Investment income	`InvestmentIncomeNonoperating`	$2.33M	USD	3 Qtrs
Investment income	`InvestmentIncomeNonoperating`	$344.00K	USD	1 Quarter
Investment income	`InvestmentIncomeNonoperating`	$6.30M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.05M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.05M	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$860.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-838.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-242.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-860.00K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$1.37M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$5.44M	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$158.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$1.04M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$87.97M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$195.47M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$67.34M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$284.07M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$40.84M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.34M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.19M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$57.62M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$48.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$74.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$154.63M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$83.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$52.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$54.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$226.45M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.81	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$6.06	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$4.17	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.46	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.78	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$5.94	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.42	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$4.08	USD	3 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.51	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.51	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.53	USD	3 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`	$1.80	USD	3 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.60	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.60	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.34M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.39M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.07M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.05M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.91M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.99M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.13M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.16M	shares	1 Quarter

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$48.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$74.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$154.63M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$83.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$52.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$54.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$226.45M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$25.40M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$19.13M	USD	3 Qtrs
Amortization of operating lease right-of-use assets	`AmortizationOfOperatingLeaseRightOfUseAssets`	$4.30M	USD	3 Qtrs
Amortization of operating lease right-of-use assets	`AmortizationOfOperatingLeaseRightOfUseAssets`	$5.15M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$18.92M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$19.07M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$8.65M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$73.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-727.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-886.00K	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$20.23M	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$15.48M	USD	3 Qtrs
(Increase) in receivables from broker-dealers, clearing organizations and customers	`IncreaseDecreaseInBrokerageReceivables`	$304.02M	USD	3 Qtrs
Decrease in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.85M	USD	3 Qtrs
Decrease in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-521.00K	USD	3 Qtrs
Decrease (increase) in trading investments	`IncreaseDecreaseInTradingSecurities`	$-62.64M	USD	3 Qtrs
Decrease (increase) in trading investments	`IncreaseDecreaseInTradingSecurities`	$371.00K	USD	3 Qtrs
Increase (decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$3.56M	USD	3 Qtrs
Increase (decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-3.97M	USD	3 Qtrs
Increase in payables to broker-dealers, clearing organizations and customers	`IncreaseDecreaseInPayablesToBrokerDealers`	$138.12M	USD	3 Qtrs
Increase (decrease) in income and other tax liabilities	`IncreaseDecreaseInIncomeTaxes`	$-3.28M	USD	3 Qtrs
Increase (decrease) in income and other tax liabilities	`IncreaseDecreaseInIncomeTaxes`	$10.10M	USD	3 Qtrs
Increase in deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$1.59M	USD	3 Qtrs
Increase in deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$921.00K	USD	3 Qtrs
Increase (decrease) in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.00M	USD	3 Qtrs
Increase (decrease) in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.79M	USD	3 Qtrs
(Decrease) increase in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$800.00K	USD	3 Qtrs
(Decrease) increase in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-4.67M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$176.79M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$176.87M	USD	3 Qtrs
Acquisition of business, net of cash and cash equivalents acquired	`PaymentsToAcquireBusinessesNetOfCashAndCashEquivalentsAcquired`	$527.00K	USD	3 Qtrs
Proceeds from maturities and sales, available-for-sale investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$156.81M	USD	3 Qtrs
Proceeds from maturities and sales, available-for-sale investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$170.66M	USD	3 Qtrs
Purchases, available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$32.87M	USD	3 Qtrs
Purchases, available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$149.57M	USD	3 Qtrs
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.02M	USD	3 Qtrs
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.68M	USD	3 Qtrs
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$21.12M	USD	3 Qtrs
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$13.86M	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-22.00K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$103.12M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.29M	USD	3 Qtrs
Cash dividend on common stock	`PaymentsOfOrdinaryDividends`	$57.23M	USD	3 Qtrs
Cash dividend on common stock	`PaymentsOfOrdinaryDividends`	$68.10M	USD	3 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$885.00K	USD	3 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$748.00K	USD	3 Qtrs
Withholding tax payments on restricted stock vesting and stock option exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$34.56M	USD	3 Qtrs
Withholding tax payments on restricted stock vesting and stock option exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$18.27M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$11.44M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$15.45M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$478.36M	USD	3 Qtrs
Repayments of short-term borrowings	`RepaymentsOfSubordinatedDebt`	$478.36M	USD	3 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-117.37M	USD	3 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-86.06M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-1.26M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$431.00K	USD	3 Qtrs
Net increase for the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$74.18M	USD	3 Qtrs
Net increase for the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$163.05M	USD	3 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$274.25M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$437.30M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$247.46M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$321.64M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$274.25M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$437.30M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$247.46M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$321.64M	USD	Point-in-time
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$705.00K	USD	3 Qtrs
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$422.00K	USD	3 Qtrs

Stockholders Equity 76 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.51	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.51	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.53	USD	3 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`	$1.80	USD	3 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.60	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.60	USD	1 Quarter
Beginning Balance	`StockholdersEquity`	$607.88M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$661.91M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$897.54M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$770.09M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$631.15M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$694.62M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$797.88M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$853.48M	USD	Point-in-time
Net income	`NetIncomeLoss`	$48.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$74.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$154.63M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$83.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$52.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$54.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$226.45M	USD	3 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`	$1.12M	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-351.00K	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$213.00K	USD	3 Qtrs
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.42M	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.40M	USD	3 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`	$4.42M	USD	1 Quarter
Unrealized net (loss) gain on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$820.00K	USD	1 Quarter
Unrealized net (loss) gain on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$70.00K	USD	1 Quarter
Unrealized net (loss) gain on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-871.00K	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`	$459.00K	USD	1 Quarter
Unrealized net (loss) gain on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-491.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.94M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.20M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.68M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.93M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.45M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.79M	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`	$363.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$350.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$9.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$659.00K	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation`	$258.00K	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`	$6.21M	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation`	$6.78M	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`	$11.80M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$4.17M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$2.77M	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
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$5.87M	USD	1 Quarter
Cash dividend on common stock ($0.60 per share)	`DividendsTreasuryStockCash`	$22.78M	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`	$19.24M	USD	1 Quarter
Cash dividend on common stock ($0.60 per share)	`DividendsCommonStockCash`	$22.76M	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`	$19.27M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$607.88M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$661.91M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$897.54M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$770.09M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$631.15M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$694.62M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$797.88M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$853.48M	USD	Point-in-time

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$48.10M	USD	1 Quarter
Foreign currency exchange hedge, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-908.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$74.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$154.63M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$83.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$52.52M	USD	1 Quarter
Foreign currency exchange hedge, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$1.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$54.00M	USD	1 Quarter
Foreign currency exchange hedge, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$1.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.78M	USD	1 Quarter
Foreign currency exchange hedge, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$1.28M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$226.45M	USD	3 Qtrs
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $1,654, $1,021, $(908) and $1,281, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.10M	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $1,654, $1,021, $(908) and $1,281, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.12M	USD	1 Quarter
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-276.00K	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $1,654, $1,021, $(908) and $1,281, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-351.00K	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $1,654, $1,021, $(908) and $1,281, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$213.00K	USD	3 Qtrs
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $1,654, $1,021, $(908) and $1,281, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.42M	USD	1 Quarter
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-172.00K	USD	3 Qtrs
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$309.00K	USD	3 Qtrs
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $1,654, $1,021, $(908) and $1,281, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.40M	USD	3 Qtrs
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$22.00K	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $1,654, $1,021, $(908) and $1,281, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.86M	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $1,654, $1,021, $(908) and $1,281, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.42M	USD	1 Quarter
Net unrealized (loss) gain on securities available-for-sale, net of tax of $(276), $22, $(172), and $309, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$988.00K	USD	3 Qtrs
Net unrealized (loss) gain on securities available-for-sale, net of tax of $(276), $22, $(172), and $309, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$70.00K	USD	1 Quarter
Net unrealized (loss) gain on securities available-for-sale, net of tax of $(276), $22, $(172), and $309, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-542.00K	USD	3 Qtrs
Net unrealized (loss) gain on securities available-for-sale, net of tax of $(276), $22, $(172), and $309, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-871.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$154.22M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$71.33M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$226.12M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$52.66M	USD	1 Quarter

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