10-Q Filing

CREDIT ACCEPTANCE CORP CIK: 885550 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0000885550-19-000063`
Period End Date	20190630
Filing Date	20190730
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	cacc-20190630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 72 Cash Flow Statement 86 Stockholders Equity 33 Comprehensive Income 16

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Loans receivable, from affiliates	`DueFromAffiliates`	-	USD	Point-in-time
Loans receivable, from affiliates	`DueFromAffiliates`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.20M	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.70M	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalents`	$255.60M	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalents`	$328.80M	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalents`	$338.00M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalents`	$303.60M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Restricted securities available for sale	`AvailableForSaleSecuritiesRestricted`	$58.60M	USD	Point-in-time
Restricted securities available for sale	`AvailableForSaleSecuritiesRestricted`	$61.50M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Loans receivable	`LoansAndLeasesReceivableNetOfDeferredIncome`	$6.23B	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Loans receivable	`LoansAndLeasesReceivableNetOfDeferredIncome`	$6.87B	USD	Point-in-time
Loans receivable	`LoansAndLeasesReceivableNetOfDeferredIncome`	$5.05B	USD	Point-in-time
Loans receivable	`LoansAndLeasesReceivableNetOfDeferredIncome`	$6.62B	USD	Point-in-time
Loans receivable	`LoansAndLeasesReceivableNetOfDeferredIncome`	$5.50B	USD	Point-in-time
Loans receivable	`LoansAndLeasesReceivableNetOfDeferredIncome`	$5.78B	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Allowance for credit losses	`LoansAndLeasesReceivableAllowance`	$435.70M	USD	Point-in-time
Allowance for credit losses	`LoansAndLeasesReceivableAllowance`	$461.90M	USD	Point-in-time
Allowance for credit losses	`LoansAndLeasesReceivableAllowance`	$429.40M	USD	Point-in-time
Allowance for credit losses	`LoansAndLeasesReceivableAllowance`	$489.60M	USD	Point-in-time
Allowance for credit losses	`LoansAndLeasesReceivableAllowance`	$448.40M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Allowance for credit losses	`LoansAndLeasesReceivableAllowance`	$474.20M	USD	Point-in-time
Loans receivable, net	`LoansAndLeasesReceivableNetReportedAmount`	$5.76B	USD	Point-in-time
Loans receivable, net	`LoansAndLeasesReceivableNetReportedAmount`	$6.38B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.97M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.80M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$40.20M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$53.10M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	18.80M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	18.97M	shares	Point-in-time
Income taxes receivable	`IncomeTaxReceivable`	$7.90M	USD	Point-in-time
Income taxes receivable	`IncomeTaxReceivable`	$21.80M	USD	Point-in-time
Other assets	`OtherAssets`	$39.60M	USD	Point-in-time
Other assets	`OtherAssets`	$38.10M	USD	Point-in-time
Total Assets	`Assets`	$6.91B	USD	Point-in-time
Total Assets	`Assets`	$6.24B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$203.40M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$186.40M	USD	Point-in-time
Revolving secured line of credit	`LineOfCredit`	$38.40M	USD	Point-in-time
Revolving secured line of credit	`LineOfCredit`	$171.90M	USD	Point-in-time
Secured financing	`SecuredDebt`	$3.23B	USD	Point-in-time
Secured financing	`SecuredDebt`	$3.09B	USD	Point-in-time
Senior notes	`SeniorLongTermNotes`	$544.40M	USD	Point-in-time
Senior notes	`SeniorLongTermNotes`	$939.60M	USD	Point-in-time
Mortgage note	`OtherBorrowings`	$11.60M	USD	Point-in-time
Mortgage note	`OtherBorrowings`	$11.90M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilities`	$236.70M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilities`	$267.00M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxes`	$2.50M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxes`	$200.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.69B	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.25B	USD	Point-in-time
Commitments and Contingencies - See Note 15	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies - See Note 15	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 1,000,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 1,000,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 80,000,000 shares authorized, 18,796,876 and 18,972,558 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively	`CommonStockValue`	$200.00K	USD	Point-in-time
Common stock, $0.01 par value, 80,000,000 shares authorized, 18,796,876 and 18,972,558 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively	`CommonStockValue`	$200.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$154.90M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$153.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.84B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.06B	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$800.00K	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-300.00K	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.54B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$2.05B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.81B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$2.22B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.99B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.66B	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$6.24B	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$6.91B	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Finance Charges Revenue	`FinanceChargesRevenue`	$560.00M	USD	2 Qtrs
Finance Charges Revenue	`FinanceChargesRevenue`	$663.40M	USD	2 Qtrs
Finance Charges Revenue	`FinanceChargesRevenue`	$289.70M	USD	1 Quarter
Finance Charges Revenue	`FinanceChargesRevenue`	$341.50M	USD	1 Quarter
Premiums earned	`PremiumsEarnedNet`	$25.30M	USD	2 Qtrs
Premiums earned	`PremiumsEarnedNet`	$11.70M	USD	1 Quarter
Premiums earned	`PremiumsEarnedNet`	$13.10M	USD	1 Quarter
Premiums earned	`PremiumsEarnedNet`	$22.00M	USD	2 Qtrs
Other income	`OtherIncome`	$16.00M	USD	1 Quarter
Other income	`OtherIncome`	$14.00M	USD	1 Quarter
Other income	`OtherIncome`	$29.00M	USD	2 Qtrs
Other income	`OtherIncome`	$35.70M	USD	2 Qtrs
Total revenue	`Revenues`	$315.40M	USD	1 Quarter
Total revenue	`Revenues`	$724.40M	USD	2 Qtrs
Total revenue	`Revenues`	$611.00M	USD	2 Qtrs
Total revenue	`Revenues`	$370.60M	USD	1 Quarter
Salaries and wages	`LaborAndRelatedExpense`	$82.20M	USD	2 Qtrs
Salaries and wages	`LaborAndRelatedExpense`	$39.70M	USD	1 Quarter
Salaries and wages	`LaborAndRelatedExpense`	$47.30M	USD	1 Quarter
Salaries and wages	`LaborAndRelatedExpense`	$96.00M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$30.70M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$12.70M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$16.80M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$27.20M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$17.70M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$36.50M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$35.00M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$17.20M	USD	1 Quarter
Provision for credit losses	`ProvisionForLoanAndLeaseLosses`	$1.80M	USD	1 Quarter
Provision for credit losses	`ProvisionForLoanAndLeaseLosses`	$29.90M	USD	2 Qtrs
Provision for credit losses	`ProvisionForLoanAndLeaseLosses`	$15.40M	USD	1 Quarter
Provision for credit losses	`ProvisionForLoanAndLeaseLosses`	$25.20M	USD	2 Qtrs
Interest	`InterestExpense`	$73.20M	USD	2 Qtrs
Interest	`InterestExpense`	$38.70M	USD	1 Quarter
Interest	`InterestExpense`	$94.80M	USD	2 Qtrs
Interest	`InterestExpense`	$49.80M	USD	1 Quarter
Provision for claims	`PolicyholderBenefitsAndClaimsIncurredNet`	$14.90M	USD	2 Qtrs
Provision for claims	`PolicyholderBenefitsAndClaimsIncurredNet`	$7.30M	USD	1 Quarter
Provision for claims	`PolicyholderBenefitsAndClaimsIncurredNet`	$12.50M	USD	2 Qtrs
Provision for claims	`PolicyholderBenefitsAndClaimsIncurredNet`	$8.30M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$117.40M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$255.30M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$155.30M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$302.80M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$355.70M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$421.60M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$198.00M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$215.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$84.60M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$92.80M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$50.90M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$47.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$328.80M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$271.10M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$164.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$151.00M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$17.35	USD	2 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$7.76	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$8.68	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$13.94	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$13.92	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$7.75	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$17.33	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$8.68	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.94M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.45M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.47M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.95M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.98M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.95M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.47M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.47M	shares	2 Qtrs

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$328.80M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$271.10M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$164.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$151.00M	USD	1 Quarter
Provision for credit losses	`ProvisionForLoanAndLeaseLosses`	$1.80M	USD	1 Quarter
Provision for credit losses	`ProvisionForLoanAndLeaseLosses`	$29.90M	USD	2 Qtrs
Provision for credit losses	`ProvisionForLoanAndLeaseLosses`	$15.40M	USD	1 Quarter
Provision for credit losses	`ProvisionForLoanAndLeaseLosses`	$25.20M	USD	2 Qtrs
Depreciation	`Depreciation`	$3.40M	USD	2 Qtrs
Depreciation	`Depreciation`	$2.60M	USD	2 Qtrs
Amortization	`AmortizationOfFinancingCostsAndDiscounts`	$6.30M	USD	2 Qtrs
Amortization	`AmortizationOfFinancingCostsAndDiscounts`	$7.30M	USD	2 Qtrs
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$38.90M	USD	2 Qtrs
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$30.00M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.70M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.50M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$5.10M	USD	2 Qtrs
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$22.70M	USD	2 Qtrs
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$10.90M	USD	2 Qtrs
Increase in income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$13.90M	USD	2 Qtrs
Increase in income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$23.40M	USD	2 Qtrs
Decrease in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-2.30M	USD	2 Qtrs
Decrease in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-39.70M	USD	2 Qtrs
Decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.20M	USD	2 Qtrs
Decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.80M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$400.60M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$310.00M	USD	2 Qtrs
Purchases of restricted securities available for sale	`PaymentsToAcquireAvailableForSaleSecurities`	$28.40M	USD	2 Qtrs
Purchases of restricted securities available for sale	`PaymentsToAcquireAvailableForSaleSecurities`	$24.80M	USD	2 Qtrs
Proceeds from sale of restricted securities available for sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$13.00M	USD	2 Qtrs
Proceeds from sale of restricted securities available for sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$17.10M	USD	2 Qtrs
Maturities of restricted securities available for sale	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$6.40M	USD	2 Qtrs
Maturities of restricted securities available for sale	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$6.20M	USD	2 Qtrs
Principal collected on Loans receivable	`ProceedsFromCollectionOfLoansReceivable`	$1.51B	USD	2 Qtrs
Principal collected on Loans receivable	`ProceedsFromCollectionOfLoansReceivable`	$1.30B	USD	2 Qtrs
Principal collected on Loans receivable	`ProceedsFromCollectionOfLoansReceivable`	$751.20M	USD	1 Quarter
Principal collected on Loans receivable	`ProceedsFromCollectionOfLoansReceivable`	$657.80M	USD	1 Quarter
Advances to Dealers	`AdvancesToDealers`	$1.31B	USD	2 Qtrs
Advances to Dealers	`AdvancesToDealers`	$1.33B	USD	2 Qtrs
Purchases of Consumer Loans	`PaymentsToAcquireLoansReceivable`	$732.80M	USD	2 Qtrs
Purchases of Consumer Loans	`PaymentsToAcquireLoansReceivable`	$642.70M	USD	2 Qtrs
Accelerated payments of Dealer Holdback	`AcceleratedPaymentsOfDealerHoldback`	$28.00M	USD	2 Qtrs
Accelerated payments of Dealer Holdback	`AcceleratedPaymentsOfDealerHoldback`	$29.40M	USD	2 Qtrs
Accelerated payments of Dealer Holdback	`AcceleratedPaymentsOfDealerHoldback`	$16.80M	USD	1 Quarter
Accelerated payments of Dealer Holdback	`AcceleratedPaymentsOfDealerHoldback`	$15.70M	USD	1 Quarter
Payments of Dealer Holdback	`PaymentsOfDealerHoldback`	$70.60M	USD	2 Qtrs
Payments of Dealer Holdback	`PaymentsOfDealerHoldback`	$66.10M	USD	2 Qtrs
Payments of Dealer Holdback	`PaymentsOfDealerHoldback`	$32.90M	USD	1 Quarter
Payments of Dealer Holdback	`PaymentsOfDealerHoldback`	$36.00M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.30M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.20M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-764.20M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-668.40M	USD	2 Qtrs
Borrowings under revolving secured line of credit	`ProceedsFromLongTermLinesOfCredit`	$1.43B	USD	2 Qtrs
Borrowings under revolving secured line of credit	`ProceedsFromLongTermLinesOfCredit`	$2.12B	USD	2 Qtrs
Repayments under revolving secured line of credit	`RepaymentsOfLongTermLinesOfCredit`	$1.45B	USD	2 Qtrs
Repayments under revolving secured line of credit	`RepaymentsOfLongTermLinesOfCredit`	$2.25B	USD	2 Qtrs
Proceeds from secured financing	`ProceedsFromIssuanceOfSecuredDebt`	$1.05B	USD	2 Qtrs
Proceeds from secured financing	`ProceedsFromIssuanceOfSecuredDebt`	$1.90B	USD	2 Qtrs
Repayments of secured financing	`RepaymentsOfSecuredDebt`	$1.29B	USD	2 Qtrs
Repayments of secured financing	`RepaymentsOfSecuredDebt`	$913.50M	USD	2 Qtrs
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$400.00M	USD	2 Qtrs
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	2 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$9.30M	USD	2 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$10.70M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.00M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$109.20M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$2.50M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.90M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$584.10M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$287.00M	USD	2 Qtrs
Net increase in cash and cash equivalents and restricted cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$19.20M	USD	2 Qtrs
Net increase in cash and cash equivalents and restricted cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$129.90M	USD	2 Qtrs
Cash and cash equivalents and restricted cash and cash equivalents beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$393.70M	USD	Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$263.80M	USD	Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$348.50M	USD	Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$329.30M	USD	Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$393.70M	USD	Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$263.80M	USD	Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$348.50M	USD	Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$329.30M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	$65.80M	USD	2 Qtrs
Cash paid during the period for interest	`InterestPaidNet`	$79.10M	USD	2 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	$76.40M	USD	2 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	$105.70M	USD	2 Qtrs

Stockholders Equity 33 line items

Line Item	Tag	Value	Unit	Period
Balance, shares	`CommonStockSharesOutstanding`	18.80M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	18.97M	shares	Point-in-time
Common stock repurchased, shares	`StockRepurchasedDuringPeriodShares`	268,611.00	shares	2 Qtrs
Common stock repurchased, shares	`StockRepurchasedDuringPeriodShares`	0.00	shares	1 Quarter
Common stock repurchased, shares	`StockRepurchasedDuringPeriodShares`	6,185.00	shares	2 Qtrs
Balance, shares	`CommonStockSharesOutstanding`	18.80M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	18.97M	shares	Point-in-time
Balance	`StockholdersEquity`	$1.54B	USD	Point-in-time
Balance	`StockholdersEquity`	$2.05B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.81B	USD	Point-in-time
Balance	`StockholdersEquity`	$2.22B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.99B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.66B	USD	Point-in-time
Net income	`NetIncomeLoss`	$328.80M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$271.10M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$164.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$151.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.10M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-400.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-100.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$500.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.70M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.50M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.10M	USD	2 Qtrs
Common stock repurchased, value	`StockRepurchasedDuringPeriodValue`	$2.00M	USD	2 Qtrs
Common stock repurchased, value	`StockRepurchasedDuringPeriodValue`	$109.20M	USD	2 Qtrs
Balance	`StockholdersEquity`	$1.54B	USD	Point-in-time
Balance	`StockholdersEquity`	$2.05B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.81B	USD	Point-in-time
Balance	`StockholdersEquity`	$2.22B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.99B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.66B	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$328.80M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$271.10M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$164.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$151.00M	USD	1 Quarter
Unrealized gain (loss) on securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$500.00K	USD	1 Quarter
Unrealized gain (loss) on securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.10M	USD	2 Qtrs
Unrealized gain (loss) on securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-100.00K	USD	1 Quarter
Unrealized gain (loss) on securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-400.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.10M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$500.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-400.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-100.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$150.90M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$164.90M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$329.90M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$270.70M	USD	2 Qtrs

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