10-Q Filing

VEEVA SYSTEMS INC CIK: 1393052 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001628280-20-008982`
Period End Date	20200430
Filing Date	20200604
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	veev-20200430x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 40 Cash Flow Statement 78 Stockholders Equity 18 Comprehensive Income 2

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$192.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$617.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$748.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$476.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$720.78M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$660.20M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$610.01M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $192 and $617, respectively	`AccountsReceivableNetCurrent`	$389.69M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $192 and $617, respectively	`AccountsReceivableNetCurrent`	$235.92M	USD	Point-in-time
Unbilled accounts receivable	`UnbilledReceivablesCurrent`	$32.82M	USD	Point-in-time
Unbilled accounts receivable	`UnbilledReceivablesCurrent`	$37.27M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.11M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.87M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.68B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.53B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$54.75M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$52.89M	USD	Point-in-time
Deferred costs, net	`DeferredCosts`	$34.18M	USD	Point-in-time
Deferred costs, net	`DeferredCosts`	$35.59M	USD	Point-in-time
Lease right-of-use-assets	`OperatingLeaseRightOfUseAsset`	$49.13M	USD	Point-in-time
Lease right-of-use-assets	`OperatingLeaseRightOfUseAsset`	$46.92M	USD	Point-in-time
Goodwill	`Goodwill`	$438.53M	USD	Point-in-time
Goodwill	`Goodwill`	$438.53M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$134.60M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$129.40M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredIncomeTaxAssetsNet`	$11.70M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredIncomeTaxAssetsNet`	$11.87M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$16.18M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$15.73M	USD	Point-in-time
Total assets	`Assets`	$2.40B	USD	Point-in-time
Total assets	`Assets`	$2.27B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.04M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.42M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$27.06M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$25.62M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$21.62M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$23.41M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$4.44M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$5.61M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$470.26M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$468.89M	USD	Point-in-time
Lease liabilities	`OperatingAndFinanceLeaseLiabilityCurrent`	$10.13M	USD	Point-in-time
Lease liabilities	`OperatingAndFinanceLeaseLiabilityCurrent`	$10.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$551.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$550.34M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredIncomeTaxLiabilitiesNet`	$1.67M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredIncomeTaxLiabilitiesNet`	$2.42M	USD	Point-in-time
Lease liabilities, noncurrent	`OperatingAndFinanceLeaseLiabilityNoncurrent`	$44.81M	USD	Point-in-time
Lease liabilities, noncurrent	`OperatingAndFinanceLeaseLiabilityNoncurrent`	$42.43M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$9.14M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.78M	USD	Point-in-time
Total liabilities	`Liabilities`	$606.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$603.58M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$792.66M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$745.48M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$460.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.15M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.01B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$919.66M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.80B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.67B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.34B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.24B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.40B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.27B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$337.11M	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$244.75M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$94.88M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$65.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$179.25M	USD	1 Quarter
Gross profit	`GrossProfit`	$242.23M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$62.24M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$44.97M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$39.62M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$55.76M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$36.67M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$23.49M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$154.66M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$108.08M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$87.56M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$71.17M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$3.41M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$6.16M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$90.98M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$77.33M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.41M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.88M	USD	1 Quarter
Net income	`NetIncomeLoss`	$73.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$86.57M	USD	1 Quarter
Net income, basic and diluted	`NetIncomeLossAttributableToCommonStockholdersBasicAndDiluted`	$73.45M	USD	1 Quarter
Net income, basic and diluted	`NetIncomeLossAttributableToCommonStockholdersBasicAndDiluted`	$86.57M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.50	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.54	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.47	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	146.71M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	149.54M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	157.91M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	159.47M	shares	1 Quarter
Net change in unrealized gain on available-for-sale investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$962.00K	USD	1 Quarter
Net change in unrealized gain on available-for-sale investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.30M	USD	1 Quarter
Net change in cumulative foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-702.00K	USD	1 Quarter
Net change in cumulative foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$389.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$88.26M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$73.71M	USD	1 Quarter

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$73.45M	USD	1 Quarter
Net income	`ProfitLoss`	$86.57M	USD	1 Quarter
Depreciation and amortization	`OtherDepreciationAndAmortization`	$7.88M	USD	1 Quarter
Depreciation and amortization	`OtherDepreciationAndAmortization`	$3.90M	USD	1 Quarter
Reduction of operating lease right-of-use assets	`FinanceLeaseRightOfUseAssetAmortization`	$1.54M	USD	1 Quarter
Reduction of operating lease right-of-use assets	`FinanceLeaseRightOfUseAssetAmortization`	$3.00M	USD	1 Quarter
Accretion of discount on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.18M	USD	1 Quarter
Accretion of discount on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$11.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$36.91M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$20.76M	USD	1 Quarter
Amortization of deferred costs	`AmortizationOfDeferredCharges`	$4.75M	USD	1 Quarter
Amortization of deferred costs	`AmortizationOfDeferredCharges`	$4.85M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.13M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$418.00K	USD	1 Quarter
(Gain) Loss on foreign currency from mark-to-market derivative	`ForeignCurrencyTransactionGainLossBeforeTax`	$80.00K	USD	1 Quarter
(Gain) Loss on foreign currency from mark-to-market derivative	`ForeignCurrencyTransactionGainLossBeforeTax`	$-93.00K	USD	1 Quarter
Bad debt recovery	`ProvisionForDoubtfulAccounts`	$-393.00K	USD	1 Quarter
Bad debt recovery	`ProvisionForDoubtfulAccounts`	$-153.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-139.51M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-154.16M	USD	1 Quarter
Unbilled accounts receivable	`IncreaseDecreaseInUnbilledAccountsReceivable`	$4.45M	USD	1 Quarter
Unbilled accounts receivable	`IncreaseDecreaseInUnbilledAccountsReceivable`	$5.24M	USD	1 Quarter
Deferred costs	`IncreaseDecreaseInDeferredCharges`	$4.60M	USD	1 Quarter
Deferred costs	`IncreaseDecreaseInDeferredCharges`	$3.34M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.85M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$338.00K	USD	1 Quarter
Prepaid expenses and other current and long-term assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.76M	USD	1 Quarter
Prepaid expenses and other current and long-term assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-551.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.43M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-416.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-759.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.69M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.48M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$7.91M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInLeaseLiabilities`	$-2.81M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInLeaseLiabilities`	$-1.63M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$436.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$2.52M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$282.17M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$236.29M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$228.89M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$188.82M	USD	1 Quarter
Maturities and sales of short-term investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$188.97M	USD	1 Quarter
Maturities and sales of short-term investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$140.34M	USD	1 Quarter
Property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.19M	USD	1 Quarter
Property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-267.00K	USD	1 Quarter
Capitalized internal-use software development costs	`PaymentsForSoftware`	-	USD	1 Quarter
Capitalized internal-use software development costs	`PaymentsForSoftware`	$419.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-48.21M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-41.54M	USD	1 Quarter
Reduction of lease liabilities - finance leases	`FinanceLeasePrincipalPayments`	$249.00K	USD	1 Quarter
Reduction of lease liabilities - finance leases	`FinanceLeasePrincipalPayments`	$248.00K	USD	1 Quarter
Proceeds from exercise of common stock options	`ProceedsFromStockOptionsExercised`	$9.78M	USD	1 Quarter
Proceeds from exercise of common stock options	`ProceedsFromStockOptionsExercised`	$3.39M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.14M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.53M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-702.00K	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$548.00K	USD	1 Quarter
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$244.04M	USD	1 Quarter
Net change in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$197.19M	USD	1 Quarter
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$552.18M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$749.37M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$479.80M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$723.84M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$552.18M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$749.37M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$479.80M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$723.84M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$552.18M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$749.37M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$479.80M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$723.84M	USD	Point-in-time
Cash paid for income taxes, net of refunds	`IncomeTaxesPaidNet`	$2.38M	USD	1 Quarter
Cash paid for income taxes, net of refunds	`IncomeTaxesPaidNet`	$5.87M	USD	1 Quarter
Excess tax benefits from employee stock plans	`ExcessTaxBenefitFromEmployeeStockPlans`	$13.55M	USD	1 Quarter
Excess tax benefits from employee stock plans	`ExcessTaxBenefitFromEmployeeStockPlans`	$19.61M	USD	1 Quarter
Changes in accounts payable and accrued expenses related to property and equipment purchases	`IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid`	$590.00K	USD	1 Quarter
Changes in accounts payable and accrued expenses related to property and equipment purchases	`IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid`	$-634.00K	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$1.80B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.67B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.34B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.24B	USD	Point-in-time
Cumulative effect adjustment for Topic 842 adoption	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$-657.00K	USD	Point-in-time
Issuance of common stock upon exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	645,515.00	shares	1 Quarter
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.44M	USD	1 Quarter
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$10.28M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$20.86M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$36.91M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$1.69M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$260.00K	USD	1 Quarter
Net income	`NetIncomeLossIncludingCumulativeEffectOfChangeOnEquityDueToNewAccountingPronouncementOrChangeInAccountingPrinciple`	$73.45M	USD	1 Quarter
Net income	`NetIncomeLossIncludingCumulativeEffectOfChangeOnEquityDueToNewAccountingPronouncementOrChangeInAccountingPrinciple`	$86.57M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$1.80B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.67B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.34B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.24B	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Total stock-based compensation	`AllocatedShareBasedCompensationExpense`	$20.76M	USD	1 Quarter
Total stock-based compensation	`AllocatedShareBasedCompensationExpense`	$36.91M	USD	1 Quarter

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