10-Q Filing

Sprouts Farmers Market, Inc. CIK: 1575515 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-21-024974`
Period End Date	20210331
Filing Date	20210506
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	sfm-10q_20210404_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 30 Cash Flow Statement 64 Stockholders Equity 17 Comprehensive Income 14

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Undesignated preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Undesignated preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Undesignated preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Undesignated preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$256.02M	USD	Point-in-time
Undesignated preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$169.70M	USD	Point-in-time
Undesignated preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$14.81M	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$14.49M	USD	Point-in-time
Undesignated preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Undesignated preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$270.96M	USD	Point-in-time
Inventories	`InventoryNet`	$254.22M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$35.86M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$27.22M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$465.96M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	118.19M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	117.95M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$577.33M	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$726.50M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	118.19M	shares	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$707.04M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	117.95M	shares	Point-in-time
Operating lease assets, net	`OperatingLeaseRightOfUseAsset`	$1.04B	USD	Point-in-time
Operating lease assets, net	`OperatingLeaseRightOfUseAsset`	$1.05B	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$184.96M	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$184.96M	USD	Point-in-time
Goodwill	`Goodwill`	$368.88M	USD	Point-in-time
Goodwill	`Goodwill`	$368.88M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$15.08M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$14.70M	USD	Point-in-time
Total assets	`Assets`	$2.90B	USD	Point-in-time
Total assets	`Assets`	$2.81B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$139.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$160.60M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$143.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$133.03M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$76.69M	USD	Point-in-time
Accrued salaries and benefits	`EmployeeRelatedLiabilitiesCurrent`	$43.73M	USD	Point-in-time
Accrued income tax	`AccruedIncomeTaxesCurrent`	$16.25M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$135.80M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$135.74M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$968.00K	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$959.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$496.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$490.37M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$1.07B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$1.07B	USD	Point-in-time
Long-term debt and finance lease liabilities	`LongTermDebtAndFinanceLeaseLiabilitiesNoncurrent`	$260.29M	USD	Point-in-time
Long-term debt and finance lease liabilities	`LongTermDebtAndFinanceLeaseLiabilitiesNoncurrent`	$260.46M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$45.48M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$40.91M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$58.07M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$60.83M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.93B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.93B	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Undesignated preferred stock; $0.001 par value; 10,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Undesignated preferred stock; $0.001 par value; 10,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 200,000,000 shares authorized, 118,194,576 shares issued and outstanding, April 4, 2021; 117,953,435 shares issued and outstanding, January 3, 2021	`CommonStockValue`	$118.00K	USD	Point-in-time
Common stock, $0.001 par value; 200,000,000 shares authorized, 118,194,576 shares issued and outstanding, April 4, 2021; 117,953,435 shares issued and outstanding, January 3, 2021	`CommonStockValue`	$118.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$691.14M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$686.65M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.47M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.23M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$203.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$282.84M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$881.29M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$670.72M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$581.95M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$966.87M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.90B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.81B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.58B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.65B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.05B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$989.27M	USD	1 Quarter
Gross profit	`GrossProfit`	$586.17M	USD	1 Quarter
Gross profit	`GrossProfit`	$593.83M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$439.66M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$436.30M	USD	1 Quarter
Depreciation and amortization (exclusive of depreciation included in cost of sales)	`DepreciationAndAmortization`	$31.23M	USD	1 Quarter
Depreciation and amortization (exclusive of depreciation included in cost of sales)	`DepreciationAndAmortization`	$31.02M	USD	1 Quarter
Store closure and other costs, net	`IncomeExpenseStoreClosureAndOtherCostsNet`	$2.05M	USD	1 Quarter
Store closure and other costs, net	`IncomeExpenseStoreClosureAndOtherCostsNet`	$-1.08M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$113.23M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$127.59M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-4.83M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-2.99M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$110.24M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$122.76M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$30.95M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$27.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$91.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$83.05M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.70	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.78	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.78	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.70	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	118.04M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	117.55M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	117.75M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	118.61M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$83.05M	USD	1 Quarter
Net income	`ProfitLoss`	$91.81M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$31.84M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$31.60M	USD	1 Quarter
Operating lease asset amortization	`OperatingLeaseRightOfUseAssetAmortization`	$25.82M	USD	1 Quarter
Operating lease asset amortization	`OperatingLeaseRightOfUseAssetAmortization`	$23.14M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$3.61M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$2.40M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.76M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$232.00K	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$768.00K	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$-207.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.79M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-12.65M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$16.73M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-22.79M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.75M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.65M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-656.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.08M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$80.67M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$27.00M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$16.49M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-10.57M	USD	1 Quarter
Accrued salaries and benefits	`IncreaseDecreaseInAccruedSalaries`	$2.98M	USD	1 Quarter
Accrued salaries and benefits	`IncreaseDecreaseInAccruedSalaries`	$-32.96M	USD	1 Quarter
Accrued income tax	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$16.25M	USD	1 Quarter
Accrued income tax	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$28.91M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-30.11M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-28.72M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$2.27M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$3.91M	USD	1 Quarter
Cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$277.07M	USD	1 Quarter
Cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$105.44M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.61M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$28.04M	USD	1 Quarter
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.61M	USD	1 Quarter
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.04M	USD	1 Quarter
Payments on revolving credit facilities	`RepaymentsOfLinesOfCredit`	$87.00M	USD	1 Quarter
Payments on finance lease liabilities	`FinanceLeasePrincipalPayments`	$154.00K	USD	1 Quarter
Payments on finance lease liabilities	`FinanceLeasePrincipalPayments`	$163.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$3.21M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$881.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.49M	USD	1 Quarter
Cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-87.15M	USD	1 Quarter
Increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$86.34M	USD	1 Quarter
Increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$161.88M	USD	1 Quarter
Cash, cash equivalents, and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$257.78M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$171.44M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$248.67M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$86.78M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$257.78M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$171.44M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$248.67M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$86.78M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$2.97M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$4.91M	USD	1 Quarter
Cash refunded for income taxes	`IncomeTaxesPaidNet`	$-226.00K	USD	1 Quarter
Cash refunded for income taxes	`IncomeTaxesPaidNet`	$-58.00K	USD	1 Quarter
Leased assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$23.86M	USD	1 Quarter
Leased assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$26.29M	USD	1 Quarter
Property and equipment in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$14.00M	USD	1 Quarter
Property and equipment in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$6.53M	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$881.29M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$670.72M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$581.95M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$966.87M	USD	Point-in-time
Net income	`NetIncomeLoss`	$91.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$83.05M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.24M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-5.44M	USD	1 Quarter
Issuance of shares under stock plans	`StockIssuedDuringPeriodValueStockOptionsExercised`	$881.00K	USD	1 Quarter
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$3.21M	USD	1 Quarter
Repurchase and retirement of common stock, Shares	`StockRepurchasedAndRetiredDuringPeriodShares`	129,968.00	shares	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.61M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.40M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$881.29M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$670.72M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$581.95M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$966.87M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Income tax expenses (Benefit) on cash flow hedging activities	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-1.78M	USD	1 Quarter
Income tax expenses (Benefit) on cash flow hedging activities	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$800.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$91.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$83.05M	USD	1 Quarter
Income tax expenses (Benefit) for reclassification of net gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax`	$-370.00K	USD	1 Quarter
Income tax expenses (Benefit) for reclassification of net gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax`	$-101.00K	USD	1 Quarter
Unrealized gains (losses) on cash flow hedging activities, net of income tax of $800 and ($1,781)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.31M	USD	1 Quarter
Unrealized gains (losses) on cash flow hedging activities, net of income tax of $800 and ($1,781)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-5.15M	USD	1 Quarter
Reclassification of net gains (losses) on cash flow hedges to net income, net of income tax of ($370) and ($101)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$292.00K	USD	1 Quarter
Reclassification of net gains (losses) on cash flow hedges to net income, net of income tax of ($370) and ($101)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$1.07M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.24M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-5.44M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$84.29M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$86.37M	USD	1 Quarter

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