10-Q Filing

SEI INVESTMENTS CO CIK: 350894 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0000350894-23-000055`
Period End Date	20230331
Filing Date	20230424
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	seic-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 46 Cash Flow Statement 44 Stockholders Equity 24 Comprehensive Income 16

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Receivables, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$721.00K	USD	Point-in-time
Receivables, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$901.00K	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$440.86M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$449.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$834.36M	USD	Point-in-time
Capitalized Software, accumulated amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	$586.74M	USD	Point-in-time
Capitalized Software, accumulated amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	$593.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$853.01M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$351.00K	USD	Point-in-time
Intangible Assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$33.23M	USD	Point-in-time
Intangible Assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$30.26M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$352.00K	USD	Point-in-time
Receivables from investment products	`DueFromOtherRelatedPartiesCurrent`	$62.01M	USD	Point-in-time
Receivables from investment products	`DueFromOtherRelatedPartiesCurrent`	$55.74M	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 $721 and $901	`AccountsReceivableNetCurrent`	$458.23M	USD	Point-in-time
Receivables, net of allowance for doubtful accounts of $721 and $901	`AccountsReceivableNetCurrent`	$457.08M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Securities owned	`FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue`	$31.78M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Securities owned	`FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue`	$32.15M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$50.96M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$48.70M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	133.27M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	134.16M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	134.16M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	133.27M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.43B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.45B	USD	Point-in-time
Property and Equipment, net of accumulated depreciation of $449,628 and $440,861	`PropertyPlantAndEquipmentNet`	$183.21M	USD	Point-in-time
Property and Equipment, net of accumulated depreciation of $449,628 and $440,861	`PropertyPlantAndEquipmentNet`	$181.03M	USD	Point-in-time
Operating Lease Right-of-Use Assets	`OperatingLeaseRightOfUseAsset`	$23.99M	USD	Point-in-time
Operating Lease Right-of-Use Assets	`OperatingLeaseRightOfUseAsset`	$24.99M	USD	Point-in-time
Capitalized Software, net of accumulated amortization of $593,049 and $586,744	`CapitalizedComputerSoftwareNet`	$237.30M	USD	Point-in-time
Capitalized Software, net of accumulated amortization of $593,049 and $586,744	`CapitalizedComputerSoftwareNet`	$240.04M	USD	Point-in-time
Available for Sale and Equity Securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$124.27M	USD	Point-in-time
Available for Sale and Equity Securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$128.20M	USD	Point-in-time
Investments in Affiliated Funds, at fair value	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$6.54M	USD	Point-in-time
Investments in Affiliated Funds, at fair value	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$6.37M	USD	Point-in-time
Investment in Unconsolidated Affiliate	`OtherLongTermInvestments`	$55.04M	USD	Point-in-time
Investment in Unconsolidated Affiliate	`OtherLongTermInvestments`	$104.67M	USD	Point-in-time
Goodwill	`Goodwill`	$115.60M	USD	Point-in-time
Goodwill	`Goodwill`	$115.60M	USD	Point-in-time
Intangible Assets, net of accumulated amortization of $33,226 and $30,261	`IntangibleAssetsNetExcludingGoodwill`	$55.53M	USD	Point-in-time
Intangible Assets, net of accumulated amortization of $33,226 and $30,261	`IntangibleAssetsNetExcludingGoodwill`	$52.57M	USD	Point-in-time
Deferred Contract Costs	`CapitalizedContractCostNet`	$37.51M	USD	Point-in-time
Deferred Contract Costs	`CapitalizedContractCostNet`	$37.93M	USD	Point-in-time
Deferred Income Taxes	`DeferredIncomeTaxAssetsNet`	$4.94M	USD	Point-in-time
Deferred Income Taxes	`DeferredIncomeTaxAssetsNet`	$9.99M	USD	Point-in-time
Other Assets, net	`OtherAssetsNoncurrent`	$38.32M	USD	Point-in-time
Other Assets, net	`OtherAssetsNoncurrent`	$33.69M	USD	Point-in-time
Total Assets	`Assets`	$2.38B	USD	Point-in-time
Total Assets	`Assets`	$2.32B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.16M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$233.68M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$359.36M	USD	Point-in-time
Current portion of long-term operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$10.34M	USD	Point-in-time
Current portion of long-term operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$10.33M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$14.89M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$14.33M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$272.50M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$397.88M	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
Long-term Operating Lease Liabilities	`OperatingLeaseLiabilityNoncurrent`	$17.66M	USD	Point-in-time
Long-term Operating Lease Liabilities	`OperatingLeaseLiabilityNoncurrent`	$18.79M	USD	Point-in-time
Other Long-term Liabilities	`OtherLiabilitiesNoncurrent`	$13.20M	USD	Point-in-time
Other Long-term Liabilities	`OtherLiabilitiesNoncurrent`	$12.26M	USD	Point-in-time
Total Liabilities	`Liabilities`	$304.16M	USD	Point-in-time
Total Liabilities	`Liabilities`	$429.73M	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; 133,268 and 134,162 shares issued and outstanding	`CommonStockValue`	$1.33M	USD	Point-in-time
Common stock, $0.01 par value, 750,000 shares authorized; 133,268 and 134,162 shares issued and outstanding	`CommonStockValue`	$1.34M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$1.31B	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$1.33B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$729.99M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$694.29M	USD	Point-in-time
Accumulated other comprehensive loss, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-44.58M	USD	Point-in-time
Accumulated other comprehensive loss, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-48.97M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.86B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.97B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$2.01B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.95B	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.32B	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.38B	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$469.12M	USD	1 Quarter
Revenues	`Revenues`	$581.44M	USD	1 Quarter
Subadvisory, distribution and other asset management costs	`SubadvisoryDistributionAndOtherAssetManagementCosts`	$47.38M	USD	1 Quarter
Subadvisory, distribution and other asset management costs	`SubadvisoryDistributionAndOtherAssetManagementCosts`	$53.13M	USD	1 Quarter
Software royalties and other information processing costs	`SoftwareRoyaltiesAndOtherInformationProcessingCosts`	$7.55M	USD	1 Quarter
Software royalties and other information processing costs	`SoftwareRoyaltiesAndOtherInformationProcessingCosts`	$7.29M	USD	1 Quarter
Compensation, benefits and other personnel	`CompensationBenefitsAndOtherPersonnel`	$160.48M	USD	1 Quarter
Compensation, benefits and other personnel	`CompensationBenefitsAndOtherPersonnel`	$173.41M	USD	1 Quarter
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$10.57M	USD	1 Quarter
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$8.07M	USD	1 Quarter
Consulting, outsourcing and professional fees	`ProfessionalFees`	$61.10M	USD	1 Quarter
Consulting, outsourcing and professional fees	`ProfessionalFees`	$62.49M	USD	1 Quarter
Data processing and computer related	`InformationTechnologyAndDataProcessing`	$33.34M	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`	$18.79M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$9.42M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$16.89M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$8.53M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$8.10M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$367.35M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$366.64M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$101.77M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$214.80M	USD	1 Quarter
Net gain (loss) from investments	`GainLossOnInvestments`	$-489.00K	USD	1 Quarter
Net gain (loss) from investments	`GainLossOnInvestments`	$744.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$848.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$8.78M	USD	1 Quarter
Interest expense	`InterestExpense`	$250.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$141.00K	USD	1 Quarter
Equity in earnings of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$32.46M	USD	1 Quarter
Equity in earnings of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$28.88M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$247.37M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$140.03M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$57.06M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$33.01M	USD	1 Quarter
Net income	`NetIncomeLoss`	$107.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$190.31M	USD	1 Quarter
Basic earnings per common share (in USD per share)	`EarningsPerShareBasic`	$1.38	USD	1 Quarter
Basic earnings per common share (in USD per share)	`EarningsPerShareBasic`	$0.80	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`	134.02M	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`	$0.79	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`	135.31M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$107.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$190.31M	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`	$7.35M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$260.43M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$114.36M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.64M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.28M	USD	1 Quarter
Additions to capitalized software	`PaymentsForSoftware`	$9.04M	USD	1 Quarter
Additions to capitalized software	`PaymentsForSoftware`	$6.59M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$49.33M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$21.78M	USD	1 Quarter
Prepayments and maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$28.39M	USD	1 Quarter
Prepayments and maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$35.40M	USD	1 Quarter
Sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$48.00K	USD	1 Quarter
Sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$3.92M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$2.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.76M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.99M	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`	$904.00K	USD	1 Quarter
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$868.00K	USD	1 Quarter
Purchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$81.21M	USD	1 Quarter
Purchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$100.16M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$19.87M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$21.36M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividends`	$55.50M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividends`	$57.84M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-118.59M	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`	$2.56M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-5.59M	USD	1 Quarter
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$76.42M	USD	1 Quarter
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-18.65M	USD	1 Quarter
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$853.36M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$834.71M	USD	Point-in-time
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`	$831.76M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$853.36M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$834.71M	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`	$831.76M	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesIssued`	133.27M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesIssued`	134.16M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$1.86B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.97B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.01B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.95B	USD	Point-in-time
Net income	`NetIncomeLoss`	$107.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$190.31M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-8.34M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$4.39M	USD	1 Quarter
Purchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$100.09M	USD	1 Quarter
Purchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$80.33M	USD	1 Quarter
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$1.17M	USD	1 Quarter
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$1.20M	USD	1 Quarter
Issuance of common stock under share-based award plans	`StockIssuedDuringPeriodValueStockOptionsExercised`	$18.71M	USD	1 Quarter
Issuance of common stock under share-based award plans	`StockIssuedDuringPeriodValueStockOptionsExercised`	$20.16M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.57M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.07M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesIssued`	133.27M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesIssued`	134.16M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$1.86B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.97B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.01B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.95B	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`	$-385.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$107.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$190.31M	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`	$11.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-4.56M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$3.07M	USD	1 Quarter
Unrealized gains (losses) during the period, net of income taxes of $(385) and $1,186	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.29M	USD	1 Quarter
Unrealized gains (losses) during the period, net of income taxes of $(385) and $1,186	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-3.97M	USD	1 Quarter
Reclassification adjustment for losses realized in net income, net of income taxes of $(11) and $(57)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-189.00K	USD	1 Quarter
Reclassification adjustment for losses realized in net income, net of income taxes of $(11) and $(57)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-35.00K	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-8.34M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$4.39M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$111.40M	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.