10-Q Filing

MARKETAXESS HOLDINGS INC CIK: 1278021 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-21-038311`
Period End Date	20210630
Filing Date	20210727
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	mktx-10q_20210630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 94 Cash Flow Statement 76 Stockholders Equity 52 Comprehensive Income 24

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$163.00K	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$57.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$460.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$413.61M	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 segregated under federal regulations	`CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations`	$50.11M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.86M	shares	Point-in-time
Cash segregated under federal regulations	`CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations`	$50.06M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.86M	shares	Point-in-time
Investments, at fair value	`MarketableSecurities`	$28.11M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments, at fair value	`MarketableSecurities`	$35.84M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $57 and $163 as of June 30, 2021 and December 31, 2020, respectively	`AccountsReceivableNet`	$87.12M	USD	Point-in-time
Accounts receivable, net of allowance of $57 and $163 as of June 30, 2021 and December 31, 2020, respectively	`AccountsReceivableNet`	$79.58M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Receivables from broker-dealers, clearing organizations and customers	`ReceivablesFromBrokersDealersClearingOrganizationsAndCustomers`	$279.92M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Receivables from broker-dealers, clearing organizations and customers	`ReceivablesFromBrokersDealersClearingOrganizationsAndCustomers`	$475.74M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00M	shares	Point-in-time
Goodwill	`Goodwill`	$147.39M	USD	Point-in-time
Goodwill	`Goodwill`	$154.79M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.85M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.88M	shares	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$119.99M	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$95.35M	USD	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$85.20M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	38.01M	shares	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$93.11M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	38.01M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.85M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$75.92M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.87M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$73.91M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$33.71M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$29.04M	USD	Point-in-time
Total assets	`Assets`	$1.54B	USD	Point-in-time
Total assets	`Assets`	$1.33B	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$62.33M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$39.28M	USD	Point-in-time
Payables to broker-dealers, clearing organizations and customers	`PayablesToBrokerDealersAndClearingOrganizations`	$278.30M	USD	Point-in-time
Payables to broker-dealers, clearing organizations and customers	`PayablesToBrokerDealersAndClearingOrganizations`	$133.33M	USD	Point-in-time
Income and other tax liabilities	`TaxesPayableCurrentAndNoncurrent`	$42.75M	USD	Point-in-time
Income and other tax liabilities	`TaxesPayableCurrentAndNoncurrent`	$41.34M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$44.35M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$65.87M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$93.61M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$91.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$376.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$516.06M	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`	$123.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$123.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$329.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$313.68M	USD	Point-in-time
Treasury stock - Common stock voting, at cost, 2,873,659 and 2,845,770 shares as of June 30, 2021 and December 31, 2020, respectively	`TreasuryStockValue`	$169.52M	USD	Point-in-time
Treasury stock - Common stock voting, at cost, 2,873,659 and 2,845,770 shares as of June 30, 2021 and December 31, 2020, respectively	`TreasuryStockValue`	$183.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$799.37M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$896.98M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.65M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$853.48M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.02B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$770.09M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$797.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$988.23M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$955.06M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.33B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.54B	USD	Point-in-time

Income Statement 94 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$176.33M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$184.79M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$353.77M	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$371.80M	USD	2 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$88.82M	USD	2 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$40.73M	USD	1 Quarter
Employee compensation and benefits	`LaborAndRelatedExpense`	$82.83M	USD	2 Qtrs
Employee compensation and benefits	`LaborAndRelatedExpense`	$41.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$24.88M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$8.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$13.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$16.37M	USD	2 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$8.59M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$10.54M	USD	1 Quarter
Technology and communications	`CommunicationsAndInformationTechnology`	$16.75M	USD	2 Qtrs
Technology and communications	`CommunicationsAndInformationTechnology`	$20.58M	USD	2 Qtrs
Professional and consulting fees	`ProfessionalFees`	$10.70M	USD	1 Quarter
Professional and consulting fees	`ProfessionalFees`	$20.34M	USD	2 Qtrs
Professional and consulting fees	`ProfessionalFees`	$8.06M	USD	1 Quarter
Professional and consulting fees	`ProfessionalFees`	$13.74M	USD	2 Qtrs
Occupancy	`OccupancyNet`	$3.29M	USD	1 Quarter
Occupancy	`OccupancyNet`	$6.76M	USD	2 Qtrs
Occupancy	`OccupancyNet`	$6.62M	USD	2 Qtrs
Occupancy	`OccupancyNet`	$3.30M	USD	1 Quarter
Marketing and advertising	`MarketingAndAdvertisingExpense`	$1.81M	USD	1 Quarter
Marketing and advertising	`MarketingAndAdvertisingExpense`	$4.49M	USD	2 Qtrs
Marketing and advertising	`MarketingAndAdvertisingExpense`	$3.13M	USD	1 Quarter
Marketing and advertising	`MarketingAndAdvertisingExpense`	$4.33M	USD	2 Qtrs
Clearing costs	`TransactionCosts`	$11.22M	USD	2 Qtrs
Clearing costs	`TransactionCosts`	$9.07M	USD	2 Qtrs
Clearing costs	`TransactionCosts`	$5.71M	USD	1 Quarter
Clearing costs	`TransactionCosts`	$4.37M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.51M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.25M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.28M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.39M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$80.66M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$181.15M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$158.55M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$89.16M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$87.18M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$195.22M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$104.14M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$190.65M	USD	2 Qtrs
Investment income	`InvestmentIncomeNonoperating`	$214.00K	USD	2 Qtrs
Investment income	`InvestmentIncomeNonoperating`	$1.98M	USD	2 Qtrs
Investment income	`InvestmentIncomeNonoperating`	$107.00K	USD	1 Quarter
Investment income	`InvestmentIncomeNonoperating`	$714.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$171.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$362.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-1.06M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-1.10M	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-2.65M	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-446.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$268.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-1.12M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-2.80M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$881.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$196.10M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$187.85M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$86.05M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$104.40M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$40.11M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$18.77M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$37.44M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.55M	USD	1 Quarter
Net income	`NetIncomeLoss`	$83.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$147.75M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$67.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$158.67M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$74.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$80.46M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$4.25	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.79	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.25	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$3.94	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.77	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.20	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$3.87	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$4.16	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.66	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.32	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.66	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.20	USD	2 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	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.51M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.49M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.32M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.15M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.12M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.10M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.13M	shares	2 Qtrs

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$83.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$147.75M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$67.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$158.67M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$74.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$80.46M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$16.37M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$24.88M	USD	2 Qtrs
Amortization of operating lease right-of-use assets	`AmortizationOfOperatingLeaseRightOfUseAssets`	$3.37M	USD	2 Qtrs
Amortization of operating lease right-of-use assets	`AmortizationOfOperatingLeaseRightOfUseAssets`	$3.33M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$13.56M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$12.47M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.60M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$4.74M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-2.20M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$176.00K	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$37.46M	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.43M	USD	2 Qtrs
(Increase) in receivables from broker-dealers, clearing organizations and customers	`IncreaseDecreaseInBrokerageReceivables`	$211.43M	USD	2 Qtrs
(Increase) decrease in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.62M	USD	2 Qtrs
(Increase) decrease in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.12M	USD	2 Qtrs
(Increase) decrease in trading investments	`IncreaseDecreaseInTradingSecurities`	$-63.27M	USD	2 Qtrs
(Increase) decrease in trading investments	`IncreaseDecreaseInTradingSecurities`	$5.57M	USD	2 Qtrs
(Decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-7.93M	USD	2 Qtrs
(Decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-23.05M	USD	2 Qtrs
Increase in payables to broker-dealers, clearing organizations and customers	`IncreaseDecreaseInPayablesToBrokerDealers`	$144.98M	USD	2 Qtrs
(Decrease) increase in income and other tax liabilities	`IncreaseDecreaseInIncomeTaxes`	$3.84M	USD	2 Qtrs
(Decrease) increase in income and other tax liabilities	`IncreaseDecreaseInIncomeTaxes`	$-3.10M	USD	2 Qtrs
(Decrease) increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.48M	USD	2 Qtrs
(Decrease) increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.03M	USD	2 Qtrs
(Decrease) in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-3.73M	USD	2 Qtrs
(Decrease) in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-3.07M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$73.57M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$225.22M	USD	2 Qtrs
Acquisitions, net of cash and cash equivalents acquired	`PaymentsToAcquireBusinessesNetOfCashAndCashEquivalentsAcquired`	$533.00K	USD	2 Qtrs
Acquisitions, net of cash and cash equivalents acquired	`PaymentsToAcquireBusinessesNetOfCashAndCashEquivalentsAcquired`	$17.08M	USD	2 Qtrs
Proceeds from maturities and sales, available-for-sale investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$68.60M	USD	2 Qtrs
Purchases, available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$32.87M	USD	2 Qtrs
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.81M	USD	2 Qtrs
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.26M	USD	2 Qtrs
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$16.46M	USD	2 Qtrs
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$13.00M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-43.35M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$12.93M	USD	2 Qtrs
Cash dividend on common stock	`PaymentsOfOrdinaryDividends`	$45.67M	USD	2 Qtrs
Cash dividend on common stock	`PaymentsOfOrdinaryDividends`	$50.24M	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$4.67M	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`	$34.28M	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`	$13.96M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$70.35M	USD	2 Qtrs
Repayments of short-term borrowings	`RepaymentsOfSubordinatedDebt`	$69.30M	USD	2 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-92.77M	USD	2 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-84.00M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-263.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-3.68M	USD	2 Qtrs
Net (decrease) increase for the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-62.81M	USD	2 Qtrs
Net (decrease) increase for the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$150.48M	USD	2 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$424.73M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$608.05M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$545.24M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$274.25M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$424.73M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$608.05M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$545.24M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$274.25M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$36.80M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$24.07M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$362.00K	USD	2 Qtrs
Contingent consideration payable assumed in connection with acquisition	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$22.45M	USD	2 Qtrs
Exercise of stock options - cashless	`StockIssued1`	$2.75M	USD	2 Qtrs
Exercise of stock options - cashless	`StockIssued1`	$5.12M	USD	2 Qtrs
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$688.00K	USD	2 Qtrs
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$1.21M	USD	2 Qtrs

Stockholders Equity 52 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.66	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.32	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.66	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.20	USD	2 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`	$853.48M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.02B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$770.09M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$797.88M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$988.23M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$955.06M	USD	Point-in-time
Net income	`NetIncomeLoss`	$83.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$147.75M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$67.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$158.67M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$74.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$80.46M	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.14M	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`	$-3.86M	USD	1 Quarter
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-794.00K	USD	2 Qtrs
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`	$-1.93M	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`	$820.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.68M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.42M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.13M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.79M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$244.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$80.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$4.42M	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`	$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`	$27.42M	USD	1 Quarter
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation`	$6.86M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$13.44M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$5.42M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$520.00K	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$5.87M	USD	1 Quarter
Cash dividend on common stock	`DividendsCommonStockCash`	$22.76M	USD	1 Quarter
Cash dividend on common stock	`DividendsCommonStockCash`	$25.08M	USD	1 Quarter
Cash dividend on common stock	`DividendsCommonStockCash`	$22.77M	USD	1 Quarter
Cash dividend on common stock	`DividendsCommonStockCash`	$25.06M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$853.48M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.02B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$770.09M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$797.88M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$988.23M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$955.06M	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Foreign currency exchange hedge, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$121.00K	USD	1 Quarter
Foreign currency exchange hedge, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-546.00K	USD	2 Qtrs
Foreign currency exchange hedge, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$2.56M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$83.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$147.75M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$67.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$158.67M	USD	2 Qtrs
Foreign currency exchange hedge, tax expense (benefit)	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-133.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$74.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$80.46M	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $(133), $121, $(546), and $2,562, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.14M	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $(133), $121, $(546), and $2,562, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-351.00K	USD	1 Quarter
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $(133), $121, $(546), and $2,562, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.86M	USD	1 Quarter
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$104.00K	USD	2 Qtrs
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $(133), $121, $(546), and $2,562, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-794.00K	USD	2 Qtrs
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 $(133), $121, $(546), and $2,562, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.21M	USD	2 Qtrs
Net cumulative translation adjustment and foreign currency exchange hedge, net of tax of $(133), $121, $(546), and $2,562, respectively	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.93M	USD	1 Quarter
Net unrealized gain on securities available-for-sale, net of tax of $259 and $104, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$329.00K	USD	2 Qtrs
Net unrealized gain on securities available-for-sale, net of tax of $259 and $104, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$820.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$154.79M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$68.43M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$146.95M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$84.32M	USD	1 Quarter

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