10-Q Filing

SEI INVESTMENTS CO CIK: 350894 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0000350894-22-000021`
Period End Date	20220331
Filing Date	20220425
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	seic-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 46 Cash Flow Statement 44 Stockholders Equity 24 Comprehensive Income 16

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Receivables, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.60M	USD	Point-in-time
Receivables, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.39M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$409.25M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$417.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$907.83M	USD	Point-in-time
Capitalized Software, accumulated amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	$558.86M	USD	Point-in-time
Capitalized Software, accumulated amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	$545.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$831.41M	USD	Point-in-time
Intangible Assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$20.97M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$351.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$351.00K	USD	Point-in-time
Intangible Assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$17.72M	USD	Point-in-time
Receivables from investment products	`DueFromOtherRelatedPartiesCurrent`	$57.58M	USD	Point-in-time
Receivables from investment products	`DueFromOtherRelatedPartiesCurrent`	$59.04M	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Receivables, net of allowance for doubtful accounts of $1,388 and $1,602	`AccountsReceivableNetCurrent`	$437.84M	USD	Point-in-time
Receivables, net of allowance for doubtful accounts of $1,388 and $1,602	`AccountsReceivableNetCurrent`	$441.61M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Securities owned	`FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue`	$28.27M	USD	Point-in-time
Securities owned	`FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue`	$31.26M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	138.45M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$43.56M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$46.12M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	137.22M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.48B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	137.22M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	138.45M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.40B	USD	Point-in-time
Property and Equipment, net of accumulated depreciation of $417,041 and $409,248	`PropertyPlantAndEquipmentNet`	$180.46M	USD	Point-in-time
Property and Equipment, net of accumulated depreciation of $417,041 and $409,248	`PropertyPlantAndEquipmentNet`	$178.87M	USD	Point-in-time
Operating Lease Right-of-Use Assets	`OperatingLeaseRightOfUseAsset`	$33.61M	USD	Point-in-time
Operating Lease Right-of-Use Assets	`OperatingLeaseRightOfUseAsset`	$31.02M	USD	Point-in-time
Capitalized Software, net of accumulated amortization of $558,861 and $545,307	`CapitalizedComputerSoftwareNet`	$236.48M	USD	Point-in-time
Capitalized Software, net of accumulated amortization of $558,861 and $545,307	`CapitalizedComputerSoftwareNet`	$243.45M	USD	Point-in-time
Available for Sale and Equity Securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$134.72M	USD	Point-in-time
Available for Sale and Equity Securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$129.54M	USD	Point-in-time
Investments in Affiliated Funds, at fair value	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$6.92M	USD	Point-in-time
Investments in Affiliated Funds, at fair value	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$7.27M	USD	Point-in-time
Investment in Unconsolidated Affiliate	`OtherLongTermInvestments`	$107.92M	USD	Point-in-time
Investment in Unconsolidated Affiliate	`OtherLongTermInvestments`	$52.78M	USD	Point-in-time
Goodwill	`Goodwill`	$117.43M	USD	Point-in-time
Goodwill	`Goodwill`	$117.23M	USD	Point-in-time
Intangible Assets, net of accumulated amortization of $20,969 and $17,716	`IntangibleAssetsNetExcludingGoodwill`	$68.78M	USD	Point-in-time
Intangible Assets, net of accumulated amortization of $20,969 and $17,716	`IntangibleAssetsNetExcludingGoodwill`	$65.34M	USD	Point-in-time
Deferred Contract Costs	`CapitalizedContractCostNet`	$36.24M	USD	Point-in-time
Deferred Contract Costs	`CapitalizedContractCostNet`	$35.85M	USD	Point-in-time
Deferred Income Taxes	`DeferredIncomeTaxAssetsNet`	$2.71M	USD	Point-in-time
Deferred Income Taxes	`DeferredIncomeTaxAssetsNet`	$2.98M	USD	Point-in-time
Other Assets, net	`OtherAssetsNoncurrent`	$27.57M	USD	Point-in-time
Other Assets, net	`OtherAssetsNoncurrent`	$24.94M	USD	Point-in-time
Total Assets	`Assets`	$2.35B	USD	Point-in-time
Total Assets	`Assets`	$2.37B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.04M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$250.47M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$324.38M	USD	Point-in-time
Current portion of long-term operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$11.33M	USD	Point-in-time
Current portion of long-term operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$11.22M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$9.72M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$15.42M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$355.74M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$285.15M	USD	Point-in-time
Borrowings Under Revolving Credit Facility	`LongTermLineOfCredit`	$40.00M	USD	Point-in-time
Borrowings Under Revolving Credit Facility	`LongTermLineOfCredit`	$30.00M	USD	Point-in-time
Long-term Income Taxes Payable	`AccruedIncomeTaxesNoncurrent`	$803.00K	USD	Point-in-time
Long-term Income Taxes Payable	`AccruedIncomeTaxesNoncurrent`	$803.00K	USD	Point-in-time
Deferred Income Taxes	`DeferredIncomeTaxLiabilitiesNet`	$48.88M	USD	Point-in-time
Deferred Income Taxes	`DeferredIncomeTaxLiabilitiesNet`	$36.56M	USD	Point-in-time
Long-term Operating Lease Liabilities	`OperatingLeaseLiabilityNoncurrent`	$25.00M	USD	Point-in-time
Long-term Operating Lease Liabilities	`OperatingLeaseLiabilityNoncurrent`	$27.64M	USD	Point-in-time
Other Long-term Liabilities	`OtherLiabilitiesNoncurrent`	$22.02M	USD	Point-in-time
Other Long-term Liabilities	`OtherLiabilitiesNoncurrent`	$20.88M	USD	Point-in-time
Total Liabilities	`Liabilities`	$493.94M	USD	Point-in-time
Total Liabilities	`Liabilities`	$399.52M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value, 750,000 shares authorized; 137,219 and 138,449 shares issued and outstanding	`CommonStockValue`	$1.37M	USD	Point-in-time
Common stock, $0.01 par value, 750,000 shares authorized; 137,219 and 138,449 shares issued and outstanding	`CommonStockValue`	$1.38M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$1.25B	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$1.27B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$632.61M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$733.57M	USD	Point-in-time
Accumulated other comprehensive loss, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-28.18M	USD	Point-in-time
Accumulated other comprehensive loss, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.84M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.97B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.83B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.86B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.74B	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.37B	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.35B	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$581.44M	USD	1 Quarter
Revenues	`Revenues`	$455.69M	USD	1 Quarter
Subadvisory, distribution and other asset management costs	`SubadvisoryDistributionAndOtherAssetManagementCosts`	$53.13M	USD	1 Quarter
Subadvisory, distribution and other asset management costs	`SubadvisoryDistributionAndOtherAssetManagementCosts`	$50.16M	USD	1 Quarter
Software royalties and other information processing costs	`SoftwareRoyaltiesAndOtherInformationProcessingCosts`	$7.55M	USD	1 Quarter
Software royalties and other information processing costs	`SoftwareRoyaltiesAndOtherInformationProcessingCosts`	$5.74M	USD	1 Quarter
Compensation, benefits and other personnel	`CompensationBenefitsAndOtherPersonnel`	$160.48M	USD	1 Quarter
Compensation, benefits and other personnel	`CompensationBenefitsAndOtherPersonnel`	$137.22M	USD	1 Quarter
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$10.57M	USD	1 Quarter
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$9.75M	USD	1 Quarter
Consulting, outsourcing and professional fees	`ProfessionalFees`	$62.49M	USD	1 Quarter
Consulting, outsourcing and professional fees	`ProfessionalFees`	$54.34M	USD	1 Quarter
Data processing and computer related	`InformationTechnologyAndDataProcessing`	$25.72M	USD	1 Quarter
Data processing and computer related	`InformationTechnologyAndDataProcessing`	$29.82M	USD	1 Quarter
Facilities, supplies and other costs	`OccupancyNet`	$17.63M	USD	1 Quarter
Facilities, supplies and other costs	`OccupancyNet`	$17.25M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$14.35M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$16.89M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$8.10M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$8.31M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$366.64M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$322.85M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$132.84M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$214.80M	USD	1 Quarter
Net (loss) gain from investments	`GainLossOnInvestments`	$-489.00K	USD	1 Quarter
Net (loss) gain from investments	`GainLossOnInvestments`	$332.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$848.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$945.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$123.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$250.00K	USD	1 Quarter
Equity in earnings of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$32.46M	USD	1 Quarter
Equity in earnings of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$33.35M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$247.37M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$167.34M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$57.06M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$37.87M	USD	1 Quarter
Net income	`NetIncomeLoss`	$190.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$129.47M	USD	1 Quarter
Basic earnings per common share (in USD per share)	`EarningsPerShareBasic`	$0.90	USD	1 Quarter
Basic earnings per common share (in USD per share)	`EarningsPerShareBasic`	$1.38	USD	1 Quarter
Shares used to compute basic earnings per share (in shares)	`WeightedAverageNumberOfSharesIssuedBasic`	137.94M	shares	1 Quarter
Shares used to compute basic earnings per share (in shares)	`WeightedAverageNumberOfSharesIssuedBasic`	143.20M	shares	1 Quarter
Diluted earnings per common share (in USD per share)	`EarningsPerShareDiluted`	$1.36	USD	1 Quarter
Diluted earnings per common share (in USD per share)	`EarningsPerShareDiluted`	$0.89	USD	1 Quarter
Shares used to compute diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	139.71M	shares	1 Quarter
Shares used to compute diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	145.31M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$190.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$129.47M	USD	1 Quarter
Adjustments to reconcile net income to net cash provided by operating activities (See Note 1)	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$70.12M	USD	1 Quarter
Adjustments to reconcile net income to net cash provided by operating activities (See Note 1)	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$7.10M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$136.57M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$260.43M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.22M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.28M	USD	1 Quarter
Additions to capitalized software	`PaymentsForSoftware`	$6.36M	USD	1 Quarter
Additions to capitalized software	`PaymentsForSoftware`	$6.59M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$51.52M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$49.33M	USD	1 Quarter
Prepayments and maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$35.40M	USD	1 Quarter
Prepayments and maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$42.45M	USD	1 Quarter
Sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	1 Quarter
Sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$48.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$11.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$2.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-30.66M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.76M	USD	1 Quarter
Repayments under revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	-	USD	1 Quarter
Repayments under revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$10.00M	USD	1 Quarter
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$702.00K	USD	1 Quarter
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$868.00K	USD	1 Quarter
Purchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$71.21M	USD	1 Quarter
Purchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$100.16M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$15.52M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$19.87M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividends`	$53.13M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividends`	$55.50M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-109.51M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-146.65M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.55M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-5.59M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.04M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$76.42M	USD	1 Quarter
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$908.18M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$785.68M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$787.73M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$831.76M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$908.18M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$785.68M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$787.73M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$831.76M	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, (in shares)	`CommonStockSharesIssued`	138.45M	shares	Point-in-time
Beginning balance, (in shares)	`CommonStockSharesIssued`	137.22M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$1.97B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.83B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.86B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.74B	USD	Point-in-time
Net income	`NetIncomeLoss`	$190.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$129.47M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.40M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-8.34M	USD	1 Quarter
Purchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$66.94M	USD	1 Quarter
Purchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$100.09M	USD	1 Quarter
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$1.14M	USD	1 Quarter
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$1.17M	USD	1 Quarter
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$14.38M	USD	1 Quarter
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$18.71M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.57M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.75M	USD	1 Quarter
Ending balance, (in shares)	`CommonStockSharesIssued`	138.45M	shares	Point-in-time
Ending balance, (in shares)	`CommonStockSharesIssued`	137.22M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$1.97B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.83B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.86B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.74B	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Unrealized gains during the period, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$1.19M	USD	1 Quarter
Unrealized gains during the period, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$160.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$190.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$129.47M	USD	1 Quarter
Reclassification adjustment for losses realized in net income, taxes	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$57.00K	USD	1 Quarter
Reclassification adjustment for losses realized in net income, taxes	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$74.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.69M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-4.56M	USD	1 Quarter
Unrealized losses during the period, net of income taxes of $1,186 and $160	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-3.97M	USD	1 Quarter
Unrealized losses during the period, net of income taxes of $1,186 and $160	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-543.00K	USD	1 Quarter
Reclassification adjustment for losses realized in net income, net of income taxes of $(57) and $(74)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-189.00K	USD	1 Quarter
Reclassification adjustment for losses realized in net income, net of income taxes of $(57) and $(74)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-253.00K	USD	1 Quarter
Total other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.40M	USD	1 Quarter
Total other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-8.34M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$130.87M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$181.97M	USD	1 Quarter

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