10-K Filing

COGNEX CORP CIK: 851205 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0000851205-24-000027`
Period End Date	20231231
Filing Date	20240215
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	cgnx-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 102 Income Statement 61 Cash Flow Statement 104 Stockholders Equity 45 Comprehensive Income 26

Balance Sheet 102 line items

Line Item	Tag	Value	Unit	Period
Current investments, amortized cost	`DebtSecuritiesAvailableForSaleAmortizedCostCurrent`	$132.80M	USD	Point-in-time
Current investments, amortized cost	`DebtSecuritiesAvailableForSaleAmortizedCostCurrent`	$223.54M	USD	Point-in-time
Current investment, allowance for credit loss	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossCurrent`	-	USD	Point-in-time
Current investment, allowance for credit loss	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossCurrent`	-	USD	Point-in-time
Accounts receivable, allowance for credit losses	`ValuationAllowancesAndReservesBalance`	$583.00K	USD	Point-in-time
Accounts receivable, allowance for credit losses	`ValuationAllowancesAndReservesBalance`	$730.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$181.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$202.66M	USD	Point-in-time
Current investments, amortized cost of $132,799 and $223,545 in 2023 and 2022, respectively, allowance for credit losses of $0 in 2023 and 2022	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$129.39M	USD	Point-in-time
Current investments, amortized cost of $132,799 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
Non-current investments, amortized cost	`DebtSecuritiesAvailableForSaleAmortizedCostNoncurrent`	$476.15M	USD	Point-in-time
Non-current investments, amortized cost	`DebtSecuritiesAvailableForSaleAmortizedCostNoncurrent`	$250.79M	USD	Point-in-time
Non-current investments, allowance for credit losses	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNoncurrent`	-	USD	Point-in-time
Non-current investments, allowance for credit losses	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNoncurrent`	-	USD	Point-in-time
Accounts receivable, allowance for credit losses of $583 and $730 in 2023 and 2022, respectively	`AccountsReceivableNetCurrent`	$114.16M	USD	Point-in-time
Accounts receivable, allowance for credit losses of $583 and $730 in 2023 and 2022, respectively	`AccountsReceivableNetCurrent`	$125.42M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Unbilled revenue	`UnbilledReceivablesCurrent`	$2.18M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Unbilled revenue	`UnbilledReceivablesCurrent`	$2.40M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$162.28M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$122.48M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$68.10M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$67.49M	USD	Point-in-time
Common stock par value, in dollars per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock par value, in dollars per share	`CommonStockParOrStatedValuePerShare`	$0.00	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
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$679.00M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$717.70M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	171.60M	shares	Point-in-time
Non-current investments, amortized cost of $250,790 and $476,148 in 2023 and 2022, respectively, allowance for credit losses of $0 in 2023 and 2022	`LongTermInvestments`	$244.23M	USD	Point-in-time
Non-current investments, amortized cost of $250,790 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, shares issued (in shares)	`CommonStockSharesIssued`	172.63M	shares	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$105.85M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	171.60M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	172.63M	shares	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$79.71M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$75.11M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$37.68M	USD	Point-in-time
Goodwill	`Goodwill`	$242.63M	USD	Point-in-time
Goodwill	`Goodwill`	$241.71M	USD	Point-in-time
Goodwill	`Goodwill`	$393.18M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$112.95M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$12.41M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$400.40M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$407.24M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$6.64M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.09M	USD	Point-in-time
Total assets	`Assets`	$2.02B	USD	Point-in-time
Total assets	`Assets`	$1.96B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.10M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$93.23M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$72.37M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$16.91M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$18.13M	USD	Point-in-time
Deferred revenue and customer deposits	`ContractWithCustomerLiabilityCurrent`	$40.79M	USD	Point-in-time
Deferred revenue and customer deposits	`ContractWithCustomerLiabilityCurrent`	$35.74M	USD	Point-in-time
Deferred revenue and customer deposits	`ContractWithCustomerLiabilityCurrent`	$31.52M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$9.62M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$8.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$151.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$187.71M	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$68.98M	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$31.30M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$246.88M	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`	$26.68M	USD	Point-in-time
Non-current accrued income taxes	`AccruedIncomeTaxesNoncurrent`	$33.01M	USD	Point-in-time
Non-current accrued income taxes	`AccruedIncomeTaxesNoncurrent`	$18.34M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.91M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$299.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$519.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$513.06M	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Authorized shares (in shares)	`PreferredStockSharesAuthorized`	400,000.00	shares	Point-in-time
Authorized shares (in shares)	`PreferredStockSharesAuthorized`	400,000.00	shares	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
Preferred stock, $0.01 par value - Authorized: 400 shares in 2023 and 2022, respectively, no shares issued and outstanding	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Preferred stock, $0.01 par value - Authorized: 400 shares in 2023 and 2022, respectively, no shares issued and outstanding	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Common stock, $0.002 par value Authorized: 300,000 shares in 2023 and 2022, respectively, issued and outstanding: 171,599 and 172,631 shares in 2023 and 2022, respectively	`CommonStockValueOutstanding`	$343.00K	USD	Point-in-time
Common stock, $0.002 par value Authorized: 300,000 shares in 2023 and 2022, respectively, issued and outstanding: 171,599 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`	$1.04B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$512.54M	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`	$-45.34M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.26B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.44B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.50B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.43B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.96B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.02B	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.04B	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.01B	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$837.55M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$236.31M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$277.27M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$284.19M	USD	Annual
Gross margin	`GrossProfit`	$721.90M	USD	Annual
Gross margin	`GrossProfit`	$601.24M	USD	Annual
Gross margin	`GrossProfit`	$759.83M	USD	Annual
Research, development, and engineering expenses	`ResearchAndDevelopmentExpense`	$135.37M	USD	Annual
Research, development, and engineering expenses	`ResearchAndDevelopmentExpense`	$139.40M	USD	Annual
Research, development, and engineering expenses	`ResearchAndDevelopmentExpense`	$141.13M	USD	Annual
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$312.11M	USD	Annual
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$339.14M	USD	Annual
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$309.35M	USD	Annual
Loss (recovery) from fire	`LossGainFromCatastrophes`	-	USD	Annual
Loss (recovery) from fire	`LossGainFromCatastrophes`	$20.78M	USD	Annual
Loss (recovery) from fire	`LossGainFromCatastrophes`	$-8.00M	USD	Annual
Restructuring charges	`RestructuringCharges`	-	USD	Annual
Restructuring charges	`RestructuringCharges`	-	USD	Annual
Restructuring charges	`RestructuringCharges`	$1.66M	USD	Annual
Operating income	`OperatingIncomeLoss`	$315.10M	USD	Annual
Operating income	`OperatingIncomeLoss`	$246.23M	USD	Annual
Operating income	`OperatingIncomeLoss`	$130.70M	USD	Annual
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-2.27M	USD	Annual
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.84M	USD	Annual
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-10.04M	USD	Annual
Investment income	`InvestmentIncomeNonoperating`	$6.71M	USD	Annual
Investment income	`InvestmentIncomeNonoperating`	$6.66M	USD	Annual
Investment income	`InvestmentIncomeNonoperating`	$14.09M	USD	Annual
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-591.00K	USD	Annual
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-412.00K	USD	Annual
Other income (expense)	`OtherNonoperatingIncomeExpense`	$592.00K	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$250.69M	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$318.90M	USD	Annual
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$135.35M	USD	Annual
Income tax expense on continuing operations	`IncomeTaxExpenseBenefit`	$22.11M	USD	Annual
Income tax expense on continuing operations	`IncomeTaxExpenseBenefit`	$39.02M	USD	Annual
Income tax expense on continuing operations	`IncomeTaxExpenseBenefit`	$35.17M	USD	Annual
Net income	`NetIncomeLoss`	$215.53M	USD	Annual
Net income	`NetIncomeLoss`	$113.23M	USD	Annual
Net income	`NetIncomeLoss`	$279.88M	USD	Annual
Net income (in dollars per share)	`EarningsPerShareBasic`	$1.59	USD	Annual
Net income (in dollars per share)	`EarningsPerShareBasic`	$1.24	USD	Annual
Net income (in dollars per share)	`EarningsPerShareBasic`	$0.66	USD	Annual
Net income (in dollars per share)	`EarningsPerShareDiluted`	$1.23	USD	Annual
Net income (in dollars per share)	`EarningsPerShareDiluted`	$1.56	USD	Annual
Net income (in dollars per share)	`EarningsPerShareDiluted`	$0.65	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	172.25M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	176.46M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	173.41M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	179.92M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	174.87M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	173.40M	shares	Annual
Cash dividends per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.07	USD	Annual
Cash dividends per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.29	USD	Annual
Cash dividends per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.07	USD	Annual
Cash dividends per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.24	USD	Annual
Cash dividends per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.07	USD	1 Quarter
Cash dividends per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.06	USD	3 Qtrs
Cash dividends per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.27	USD	Annual

Cash Flow Statement 104 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$215.53M	USD	Annual
Net income	`NetIncomeLoss`	$113.23M	USD	Annual
Net income	`NetIncomeLoss`	$279.88M	USD	Annual
Stock-based compensation expense	`StockOptionPlanExpense`	$54.51M	USD	Annual
Stock-based compensation expense	`StockOptionPlanExpense`	$54.77M	USD	Annual
Stock-based compensation expense	`StockOptionPlanExpense`	$43.77M	USD	Annual
Depreciation of property, plant, and equipment	`Depreciation`	$16.62M	USD	Annual
Depreciation of property, plant, and equipment	`Depreciation`	$17.27M	USD	Annual
Depreciation of property, plant, and equipment	`Depreciation`	$16.35M	USD	Annual
Loss (gain) on disposal of property, plant, and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-229.00K	USD	Annual
Loss (gain) on disposal of property, plant, and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-19.00K	USD	Annual
Loss (gain) on disposal of property, plant, and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-33.00K	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.67M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$4.61M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.27M	USD	Annual
Non-cash, loss from catastrophes	`NonCashLossFromCatastrophes`	-	USD	Annual
Non-cash, loss from catastrophes	`NonCashLossFromCatastrophes`	$46.37M	USD	Annual
Non-cash, loss from catastrophes	`NonCashLossFromCatastrophes`	-	USD	Annual
Excess and obsolete inventory charges	`ExcessAndObsoleteInventoryCharges`	$3.77M	USD	Annual
Excess and obsolete inventory charges	`ExcessAndObsoleteInventoryCharges`	$3.08M	USD	Annual
Excess and obsolete inventory charges	`ExcessAndObsoleteInventoryCharges`	$2.57M	USD	Annual
Fair value adjustment on acquired inventories (Note 21)	`FairValueAdjustmentOnAcquiredInventories`	$2.83M	USD	Annual
Fair value adjustment on acquired inventories (Note 21)	`FairValueAdjustmentOnAcquiredInventories`	-	USD	Annual
Fair value adjustment on acquired inventories (Note 21)	`FairValueAdjustmentOnAcquiredInventories`	-	USD	Annual
Amortization of discounts or premiums on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-4.89M	USD	Annual
Amortization of discounts or premiums on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-4.97M	USD	Annual
Amortization of discounts or premiums on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-1.75M	USD	Annual
Realized (gain) loss on sale of investments	`GainLossOnSaleOfInvestments`	$-182.00K	USD	Annual
Realized (gain) loss on sale of investments	`GainLossOnSaleOfInvestments`	$236.00K	USD	Annual
Realized (gain) loss on sale of investments	`GainLossOnSaleOfInvestments`	$-1.95M	USD	Annual
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$19.78M	USD	Annual
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$27.34M	USD	Annual
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$3.12M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.50M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-23.35M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.45M	USD	Annual
Unbilled revenue	`IncreaseDecreaseInContractWithCustomerAsset`	$255.00K	USD	Annual
Unbilled revenue	`IncreaseDecreaseInContractWithCustomerAsset`	$-1.81M	USD	Annual
Unbilled revenue	`IncreaseDecreaseInContractWithCustomerAsset`	$-1.64M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$48.93M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$22.59M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$54.92M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.47M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.00M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$32.34M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$27.83M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-13.74M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-17.28M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-35.31M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$2.06M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$16.86M	USD	Annual
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-16.75M	USD	Annual
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-6.40M	USD	Annual
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-444.00K	USD	Annual
Deferred revenue and customer deposits	`IncreaseDecreaseInContractWithCustomerLiability`	$14.42M	USD	Annual
Deferred revenue and customer deposits	`IncreaseDecreaseInContractWithCustomerLiability`	$-9.12M	USD	Annual
Deferred revenue and customer deposits	`IncreaseDecreaseInContractWithCustomerLiability`	$4.89M	USD	Annual
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-3.41M	USD	Annual
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$12.08M	USD	Annual
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-4.23M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$314.06M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$243.41M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$112.92M	USD	Annual
Purchases of investments	`PaymentsToAcquireInvestments`	$233.72M	USD	Annual
Purchases of investments	`PaymentsToAcquireInvestments`	$184.06M	USD	Annual
Purchases of investments	`PaymentsToAcquireInvestments`	$668.05M	USD	Annual
Maturities and sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$253.98M	USD	Annual
Maturities and sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$496.46M	USD	Annual
Maturities and sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$430.97M	USD	Annual
Purchases of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.46M	USD	Annual
Purchases of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.08M	USD	Annual
Purchases of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.67M	USD	Annual
Net payments related to business acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$5.05M	USD	Annual
Net payments related to business acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$257.06M	USD	Annual
Net payments related to business acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$32.27M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.45M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-252.54M	USD	Annual
Net payments from issuance of common stock under stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.27M	USD	Annual
Net payments from issuance of common stock under stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$63.29M	USD	Annual
Net payments from issuance of common stock under stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$9.86M	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$204.31M	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$79.79M	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$161.65M	USD	Annual
Payment of dividends	`PaymentsOfDividendsCommonStock`	$49.08M	USD	Annual
Payment of dividends	`PaymentsOfDividendsCommonStock`	$43.26M	USD	Annual
Payment of dividends	`PaymentsOfDividendsCommonStock`	$45.92M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-141.62M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-240.37M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-125.61M	USD	Annual
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.70M	USD	Annual
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-2.81M	USD	Annual
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-3.37M	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.79M	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-82.91M	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$21.28M	USD	Annual
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$202.66M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$269.07M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$186.16M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$181.37M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$202.66M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$269.07M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$186.16M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$181.37M	USD	Point-in-time

Stockholders Equity 45 line items

Line Item	Tag	Value	Unit	Period
Tax effect of unrealized gain on available-for-sale investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-5.94M	USD	Annual
Tax effect of unrealized gain on available-for-sale investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$4.39M	USD	Annual
Tax effect of unrealized gain on available-for-sale investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-2.21M	USD	Annual
Tax benefit of foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	Annual
Tax benefit of foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	Annual
Tax benefit of foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	Annual
Beginning Balance	`StockholdersEquity`	$1.26B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.44B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.50B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.43B	USD	Point-in-time
Beginning Balance, shares (in shares)	`CommonStockSharesIssued`	171.60M	shares	Point-in-time
Beginning Balance, shares (in shares)	`CommonStockSharesIssued`	172.63M	shares	Point-in-time
Issuance of common stock under stock option plans	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.27M	USD	Annual
Issuance of common stock under stock option plans	`StockIssuedDuringPeriodValueStockOptionsExercised`	$9.86M	USD	Annual
Issuance of common stock under stock option plans	`StockIssuedDuringPeriodValueStockOptionsExercised`	$63.29M	USD	Annual
Issuance of common stock under stock option plans, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	330,000.00	shares	Annual
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$79.79M	USD	Annual
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$161.65M	USD	Annual
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$204.31M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$43.77M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$54.77M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$54.51M	USD	Annual
Payment of dividends ($0.286 per common share)	`DividendsCommonStockCash`	$43.26M	USD	Annual
Payment of dividends ($0.286 per common share)	`DividendsCommonStockCash`	$49.08M	USD	Annual
Payment of dividends ($0.286 per common share)	`DividendsCommonStockCash`	$45.92M	USD	Annual
Net income	`NetIncomeLoss`	$215.53M	USD	Annual
Net income	`NetIncomeLoss`	$113.23M	USD	Annual
Net income	`NetIncomeLoss`	$279.88M	USD	Annual
Net unrealized gain (loss), net of tax of $4,389, $(5,943), and $(2,206) in 2023, 2022, and 2021, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-17.15M	USD	Annual
Net unrealized gain (loss), net of tax of $4,389, $(5,943), and $(2,206) in 2023, 2022, and 2021, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-7.15M	USD	Annual
Net unrealized gain (loss) on available-for-sale investments, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-17.15M	USD	Annual
Net unrealized gain (loss) on available-for-sale investments, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$10.51M	USD	Annual
Net unrealized gain (loss) on available-for-sale investments, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-7.15M	USD	Annual
Reclassification of net realized (gain) loss on the sale of available-for-sale investments	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-182.00K	USD	Annual
Reclassification of net realized (gain) loss on the sale of available-for-sale investments	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-1.95M	USD	Annual
Reclassification of net realized (gain) loss on the sale of available-for-sale investments	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$236.00K	USD	Annual
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$11.50M	USD	Annual
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-6.75M	USD	Annual
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.38M	USD	Annual
Balance	`StockholdersEquity`	$1.26B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.44B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.50B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.43B	USD	Point-in-time
Balance, shares (in shares)	`CommonStockSharesIssued`	171.60M	shares	Point-in-time
Balance, shares (in shares)	`CommonStockSharesIssued`	172.63M	shares	Point-in-time

Comprehensive Income 26 line items

Line Item	Tag	Value	Unit	Period
Tax effect of unrealized gain (loss) on available-for-sale investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-5.94M	USD	Annual
Net income	`NetIncomeLoss`	$215.53M	USD	Annual
Tax effect of unrealized gain (loss) on available-for-sale investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$4.39M	USD	Annual
Net income	`NetIncomeLoss`	$113.23M	USD	Annual
Tax effect of unrealized gain (loss) on available-for-sale investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-2.21M	USD	Annual
Net income	`NetIncomeLoss`	$279.88M	USD	Annual
Net unrealized gain (loss), net of tax of $4,389, $(5,943), and $(2,206) in 2023, 2022, and 2021, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-17.15M	USD	Annual
Net unrealized gain (loss), net of tax of $4,389, $(5,943), and $(2,206) in 2023, 2022, and 2021, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-7.15M	USD	Annual
Reclassification of net realized (gain) loss into current operations	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-182.00K	USD	Annual
Reclassification of net realized (gain) loss into current operations	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-1.95M	USD	Annual
Reclassification of net realized (gain) loss into current operations	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$236.00K	USD	Annual
Net change related to available-for-sale investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$12.46M	USD	Annual
Net change related to available-for-sale investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-16.97M	USD	Annual
Net change related to available-for-sale investments	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-7.39M	USD	Annual
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$11.50M	USD	Annual
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-6.75M	USD	Annual
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.38M	USD	Annual
Net change related to foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$11.50M	USD	Annual
Net change related to foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-4.38M	USD	Annual
Net change related to foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-6.75M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$23.96M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-14.14M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-21.36M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$265.74M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$194.17M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$137.19M	USD	Annual

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