10-Q Filing

COGNEX CORP CIK: 851205 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0000851205-23-000008`
Period End Date	20230331
Filing Date	20230504
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	cgnx-20230402_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 96 Income Statement 34 Cash Flow Statement 64 Stockholders Equity 31 Comprehensive Income 17

Balance Sheet 96 line items

Line Item	Tag	Value	Unit	Period
Amortized cost of current investments	`DebtSecuritiesAvailableForSaleAmortizedCostCurrent`	$223.54M	USD	Point-in-time
Amortized cost of current investments	`DebtSecuritiesAvailableForSaleAmortizedCostCurrent`	$220.94M	USD	Point-in-time
Allowance for credit losses	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossCurrent`	-	USD	Point-in-time
Allowance for credit losses	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossCurrent`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$181.37M	USD	Point-in-time
Allowance for credit losses, current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$164.17M	USD	Point-in-time
Allowance for credit losses, current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$730.00K	USD	Point-in-time
Amortized cost of non-current investments	`DebtSecuritiesAvailableForSaleAmortizedCostNoncurrent`	$478.33M	USD	Point-in-time
Current investments, amortized cost of $220,943 and $223,545 in 2023 and 2022, respectively, allowance for credit losses of $0 in 2023 and 2022	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$218.76M	USD	Point-in-time
Amortized cost of non-current investments	`DebtSecuritiesAvailableForSaleAmortizedCostNoncurrent`	$476.15M	USD	Point-in-time
Current investments, amortized cost of $220,943 and $223,545 in 2023 and 2022, respectively, allowance for credit losses of $0 in 2023 and 2022	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$216.70M	USD	Point-in-time
Accounts receivable, allowance for credit losses of $1,001 and $730 in 2023 and 2022, respectively	`AccountsReceivableNetCurrent`	$144.15M	USD	Point-in-time
Accounts receivable, allowance for credit losses of $1,001 and $730 in 2023 and 2022, respectively	`AccountsReceivableNetCurrent`	$125.42M	USD	Point-in-time
Allowance for credit losses, non-current	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNoncurrent`	-	USD	Point-in-time
Allowance for credit losses, non-current	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNoncurrent`	-	USD	Point-in-time
Unbilled revenue	`UnbilledReceivablesCurrent`	$2.35M	USD	Point-in-time
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Unbilled revenue	`UnbilledReceivablesCurrent`	$2.18M	USD	Point-in-time
Inventories	`InventoryNet`	$122.48M	USD	Point-in-time
Inventories	`InventoryNet`	$127.15M	USD	Point-in-time
Preferred stock shares authorized (in shares)	`PreferredStockSharesAuthorized`	400,000.00	shares	Point-in-time
Preferred stock shares authorized (in shares)	`PreferredStockSharesAuthorized`	400,000.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$67.49M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$67.63M	USD	Point-in-time
Preferred stock shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$722.16M	USD	Point-in-time
Preferred stock shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$717.70M	USD	Point-in-time
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Non-current investments, amortized cost of $478,329 and $476,148 in 2023 and 2022, respectively, allowance for credit losses of $0 in 2023 and 2022	`LongTermInvestments`	$454.12M	USD	Point-in-time
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Non-current investments, amortized cost of $478,329 and $476,148 in 2023 and 2022, respectively, allowance for credit losses of $0 in 2023 and 2022	`LongTermInvestments`	$463.04M	USD	Point-in-time
Common stock shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$81.27M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$79.71M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$37.68M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$37.77M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	172.63M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	172.60M	shares	Point-in-time
Goodwill	`Goodwill`	$242.04M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	172.60M	shares	Point-in-time
Goodwill	`Goodwill`	$242.63M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	172.63M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$11.47M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$12.41M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$407.24M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$409.58M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$6.64M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$6.72M	USD	Point-in-time
Total assets	`Assets`	$1.96B	USD	Point-in-time
Total assets	`Assets`	$1.97B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.94M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$93.23M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$83.53M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$37.53M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$18.13M	USD	Point-in-time
Deferred revenue and customer deposits	`ContractWithCustomerLiabilityCurrent`	$57.80M	USD	Point-in-time
Deferred revenue and customer deposits	`ContractWithCustomerLiabilityCurrent`	$40.79M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$8.18M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$8.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$213.98M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$187.71M	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$31.39M	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$31.30M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$243.56M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$249.96M	USD	Point-in-time
Reserve for income taxes	`LiabilityForUncertainTaxPositionsNoncurrent`	$15.87M	USD	Point-in-time
Reserve for income taxes	`LiabilityForUncertainTaxPositionsNoncurrent`	$20.03M	USD	Point-in-time
Non-current accrued income taxes	`AccruedIncomeTaxes`	$33.01M	USD	Point-in-time
Non-current accrued income taxes	`AccruedIncomeTaxes`	$18.34M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.91M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$444.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$527.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$519.75M	USD	Point-in-time
Preferred stock, $.01 par value Authorized: 400 shares in 2023 and 2022, respectively; no shares issued and outstanding	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Preferred stock, $.01 par value Authorized: 400 shares in 2023 and 2022, respectively; no shares issued and outstanding	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Common stock, $.002 par value Authorized: 300,000 shares in 2023 and 2022, respectively; issued and outstanding: 172,601 and 172,631 shares in 2023 and 2022, respectively	`CommonStockValueOutstanding`	$345.00K	USD	Point-in-time
Common stock, $.002 par value Authorized: 300,000 shares in 2023 and 2022, respectively; issued and outstanding: 172,601 and 172,631 shares in 2023 and 2022, respectively	`CommonStockValueOutstanding`	$345.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$979.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$992.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$517.53M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$528.18M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-69.30M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-64.23M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.44B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.45B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.43B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.36B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.97B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.96B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$201.12M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$282.41M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$57.38M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$78.79M	USD	1 Quarter
Gross margin	`GrossProfit`	$143.74M	USD	1 Quarter
Gross margin	`GrossProfit`	$203.62M	USD	1 Quarter
Research, development, and engineering expenses	`ResearchAndDevelopmentExpense`	$38.54M	USD	1 Quarter
Research, development, and engineering expenses	`ResearchAndDevelopmentExpense`	$36.05M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$83.04M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$80.83M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$86.73M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$22.16M	USD	1 Quarter
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$394.00K	USD	1 Quarter
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-444.00K	USD	1 Quarter
Investment income	`InvestmentIncomeNonoperating`	$1.47M	USD	1 Quarter
Investment income	`InvestmentIncomeNonoperating`	$3.59M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-48.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$73.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$87.70M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$26.21M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$600.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$20.37M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.33M	USD	1 Quarter
Net income	`NetIncomeLoss`	$25.61M	USD	1 Quarter
Basic (usd per share)	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Basic (usd per share)	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Diluted (usd per share)	`EarningsPerShareDiluted`	$0.38	USD	1 Quarter
Diluted (usd per share)	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	174.15M	shares	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	172.62M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	173.90M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	176.67M	shares	1 Quarter
Cash dividends per common share (usd per share)	`CommonStockDividendsPerShareCashPaid`	$0.07	USD	1 Quarter
Cash dividends per common share (usd per share)	`CommonStockDividendsPerShareCashPaid`	$0.07	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$67.33M	USD	1 Quarter
Net income	`NetIncomeLoss`	$25.61M	USD	1 Quarter
Stock-based compensation expense	`StockOptionPlanExpense`	$15.06M	USD	1 Quarter
Stock-based compensation expense	`StockOptionPlanExpense`	$16.58M	USD	1 Quarter
Depreciation of property, plant, and equipment	`Depreciation`	$4.12M	USD	1 Quarter
Depreciation of property, plant, and equipment	`Depreciation`	$3.99M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$840.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$942.00K	USD	1 Quarter
Excess and obsolete inventory charges	`ExcessAndObsoleteInventoryCharges`	$788.00K	USD	1 Quarter
Excess and obsolete inventory charges	`ExcessAndObsoleteInventoryCharges`	$379.00K	USD	1 Quarter
Amortization of discounts or premiums on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-700.00K	USD	1 Quarter
Amortization of discounts or premiums on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-1.40M	USD	1 Quarter
Realized loss (gain) on sale of investments	`GainLossOnSaleOfInvestments`	-	USD	1 Quarter
Realized loss (gain) on sale of investments	`GainLossOnSaleOfInvestments`	$-36.00K	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$3.89M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$10.66M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$18.45M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$24.70M	USD	1 Quarter
Unbilled revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-173.00K	USD	1 Quarter
Unbilled revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$2.14M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$23.90M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.34M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.21M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-231.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-192.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$708.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-28.72M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-9.94M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$16.75M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$4.72M	USD	1 Quarter
Deferred revenue and customer deposits	`IncreaseDecreaseInDeferredRevenue`	$18.71M	USD	1 Quarter
Deferred revenue and customer deposits	`IncreaseDecreaseInDeferredRevenue`	$17.00M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$958.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.74M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$49.52M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$27.55M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$39.16M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$46.48M	USD	1 Quarter
Maturities and sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$112.98M	USD	1 Quarter
Maturities and sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$46.20M	USD	1 Quarter
Purchases of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.58M	USD	1 Quarter
Purchases of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.51M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$69.24M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.79M	USD	1 Quarter
Net payments from issuance of common stock under stock plans	`ProceedsPaymentsIssuanceOfSharesShareBasedPaymentArrangementIncludingOptionExercisedNet`	$3.59M	USD	1 Quarter
Net payments from issuance of common stock under stock plans	`ProceedsPaymentsIssuanceOfSharesShareBasedPaymentArrangementIncludingOptionExercisedNet`	$-3.06M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$24.18M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$130.41M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividendsCommonStock`	$11.30M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividendsCommonStock`	$12.09M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-138.11M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-39.32M	USD	1 Quarter
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.03M	USD	1 Quarter
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$356.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-20.39M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-17.20M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$164.17M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$181.37M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$186.16M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$165.77M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$164.17M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$181.37M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$186.16M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$165.77M	USD	Point-in-time

Stockholders Equity 31 line items

Line Item	Tag	Value	Unit	Period
Cash dividends per common share (usd per share)	`CommonStockDividendsPerShareCashPaid`	$0.07	USD	1 Quarter
Cash dividends per common share (usd per share)	`CommonStockDividendsPerShareCashPaid`	$0.07	USD	1 Quarter
Tax effect of unrealized gain (loss) on available-for-sale investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$1.86M	USD	1 Quarter
Tax effect of unrealized gain (loss) on available-for-sale investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-4.04M	USD	1 Quarter
Beginning Balance	`StockholdersEquity`	$1.44B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.45B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.43B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.36B	USD	Point-in-time
Beginning Balance (in shares)	`CommonStockSharesIssued`	172.63M	shares	Point-in-time
Beginning Balance (in shares)	`CommonStockSharesIssued`	172.60M	shares	Point-in-time
Net issuance of common stock under stock plans	`StockIssuedDuringPeriodValueStockOptionsExercised`	$-3.06M	USD	1 Quarter
Net issuance of common stock under stock plans	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.59M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$24.18M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$130.41M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.06M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$16.58M	USD	1 Quarter
Payment of dividends	`DividendsCash`	$11.30M	USD	1 Quarter
Payment of dividends	`DividendsCash`	$12.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.33M	USD	1 Quarter
Net income	`NetIncomeLoss`	$25.61M	USD	1 Quarter
Net unrealized gain (loss) on available-for-sale investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$5.43M	USD	1 Quarter
Net unrealized gain (loss) on available-for-sale investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-13.55M	USD	1 Quarter
Reclassification of net realized (gain) loss on the sale of available-for-sale investments	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-36.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-359.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.11M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$1.44B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.45B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.43B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.36B	USD	Point-in-time
Ending Balance (in shares)	`CommonStockSharesIssued`	172.63M	shares	Point-in-time
Ending Balance (in shares)	`CommonStockSharesIssued`	172.60M	shares	Point-in-time

Comprehensive Income 17 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$67.33M	USD	1 Quarter
Tax effect of unrealized gain (loss) on available-for-sale investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$1.86M	USD	1 Quarter
Tax effect of unrealized gain (loss) on available-for-sale investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-4.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$25.61M	USD	1 Quarter
Net unrealized gain (loss) on available-for-sale investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$5.43M	USD	1 Quarter
Net unrealized gain (loss) on available-for-sale investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-13.55M	USD	1 Quarter
Reclassification of net realized (gain) loss on the sale of available-for-sale investments into current operations	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-36.00K	USD	1 Quarter
Net change related to available-for-sale investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-13.51M	USD	1 Quarter
Net change related to available-for-sale investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$5.43M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-359.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.11M	USD	1 Quarter
Net change related to foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-359.00K	USD	1 Quarter
Net change related to foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.11M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$5.07M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-15.62M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$51.71M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$30.68M	USD	1 Quarter

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