10-Q Filing

COGNEX CORP CIK: 851205 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0000950123-11-093948`
Period End Date	20110930
Filing Date	20111101
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	cgnx-20111002.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 94 Cash Flow Statement 51 Stockholders Equity 21 Comprehensive Income 2

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Reserves for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.19M	USD	Point-in-time
Reserves for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$119.83M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.18M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$147.82M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$142.41M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Accounts receivable, less reserves of $1,190 and $1,235 in 2011 and 2010, respectively	`AccountsReceivableNetCurrent`	$45.83M	USD	Point-in-time
Accounts receivable, less reserves of $1,190 and $1,235 in 2011 and 2010, respectively	`AccountsReceivableNetCurrent`	$45.90M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	41.06M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.08M	shares	Point-in-time
Inventories	`InventoryNet`	$22.72M	USD	Point-in-time
Inventories	`InventoryNet`	$28.59M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$6.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$6.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$23.06M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$279.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$274.34M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$102.06M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$173.52M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$29.60M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$30.87M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$15.55M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$15.81M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$23.13M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$19.97M	USD	Point-in-time
Goodwill	`Goodwill`	$82.28M	USD	Point-in-time
Goodwill	`Goodwill`	$82.20M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.72M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.56M	USD	Point-in-time
Total assets	`Assets`	$533.10M	USD	Point-in-time
Total assets	`Assets`	$598.51M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.39M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.15M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$30.30M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$29.35M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$7.77M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$2.01M	USD	Point-in-time
Deferred revenue and customer deposits	`DeferredRevenueAndCreditsCurrent`	$13.16M	USD	Point-in-time
Deferred revenue and customer deposits	`DeferredRevenueAndCreditsCurrent`	$10.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$52.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$54.43M	USD	Point-in-time
Reserve for income taxes	`LiabilityForUncertainTaxPositionsNoncurrent`	$4.29M	USD	Point-in-time
Reserve for income taxes	`LiabilityForUncertainTaxPositionsNoncurrent`	$5.36M	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.002 par value - Authorized: 140,000 shares, issued: 42,075 and 41,065 shares in 2011 and 2010, respectively	`CommonStockValueOutstanding`	$84.00K	USD	Point-in-time
Common stock, $.002 par value - Authorized: 140,000 shares, issued: 42,075 and 41,065 shares in 2011 and 2010, respectively	`CommonStockValueOutstanding`	$82.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$129.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$102.62M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$419.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$379.83M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.27M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.22M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$541.36M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$473.31M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$598.51M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$533.10M	USD	Point-in-time

Income Statement 94 line items

Line Item	Tag	Value	Unit	Period
Product	`SalesRevenueGoodsNet`	$190.97M	USD	3 Qtrs
Product	`SalesRevenueGoodsNet`	$74.17M	USD	1 Quarter
Product	`SalesRevenueGoodsNet`	$69.29M	USD	1 Quarter
Product	`SalesRevenueGoodsNet`	$220.61M	USD	3 Qtrs
Service	`SalesRevenueServicesNet`	$5.71M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$17.26M	USD	3 Qtrs
Service	`SalesRevenueServicesNet`	$14.80M	USD	3 Qtrs
Service	`SalesRevenueServicesNet`	$5.92M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$80.08M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$205.77M	USD	3 Qtrs
Total revenue	`SalesRevenueNet`	$74.99M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$237.87M	USD	3 Qtrs
Product	`CostOfGoodsSold`	$15.71M	USD	1 Quarter
Product	`CostOfGoodsSold`	$44.36M	USD	3 Qtrs
Product	`CostOfGoodsSold`	$15.54M	USD	1 Quarter
Product	`CostOfGoodsSold`	$47.26M	USD	3 Qtrs
Service	`CostOfServices`	$9.21M	USD	3 Qtrs
Service	`CostOfServices`	$3.25M	USD	1 Quarter
Service	`CostOfServices`	$3.38M	USD	1 Quarter
Service	`CostOfServices`	$9.46M	USD	3 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$18.91M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$56.72M	USD	3 Qtrs
Total cost of revenue	`CostOfGoodsAndServicesSold`	$18.95M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$53.57M	USD	3 Qtrs
Product	`GrossMarginProducts`	$58.46M	USD	1 Quarter
Product	`GrossMarginProducts`	$53.75M	USD	1 Quarter
Product	`GrossMarginProducts`	$173.35M	USD	3 Qtrs
Product	`GrossMarginProducts`	$146.61M	USD	3 Qtrs
Service	`GrossMarginServices`	$5.59M	USD	3 Qtrs
Service	`GrossMarginServices`	$7.81M	USD	3 Qtrs
Service	`GrossMarginServices`	$2.67M	USD	1 Quarter
Service	`GrossMarginServices`	$2.33M	USD	1 Quarter
Total gross margin	`GrossProfit`	$56.08M	USD	1 Quarter
Total gross margin	`GrossProfit`	$181.16M	USD	3 Qtrs
Total gross margin	`GrossProfit`	$61.13M	USD	1 Quarter
Total gross margin	`GrossProfit`	$152.20M	USD	3 Qtrs
Research, development, and engineering expenses	`ResearchAndDevelopmentExpense`	$7.96M	USD	1 Quarter
Research, development, and engineering expenses	`ResearchAndDevelopmentExpense`	$24.14M	USD	3 Qtrs
Research, development, and engineering expenses	`ResearchAndDevelopmentExpense`	$30.60M	USD	3 Qtrs
Research, development, and engineering expenses	`ResearchAndDevelopmentExpense`	$10.61M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$75.22M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$28.14M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$25.86M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$86.76M	USD	3 Qtrs
Restructuring charges	`RestructuringSettlementAndImpairmentProvisions`	$75.00K	USD	3 Qtrs
Restructuring charges	`RestructuringSettlementAndImpairmentProvisions`	$-13.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$22.39M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$63.80M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$52.77M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$22.27M	USD	1 Quarter
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-231.00K	USD	1 Quarter
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$102.00K	USD	1 Quarter
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-80.00K	USD	3 Qtrs
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-71.00K	USD	3 Qtrs
Investment income	`InvestmentIncomeNonoperating`	$2.22M	USD	3 Qtrs
Investment income	`InvestmentIncomeNonoperating`	$917.00K	USD	1 Quarter
Investment income	`InvestmentIncomeNonoperating`	$384.00K	USD	1 Quarter
Investment income	`InvestmentIncomeNonoperating`	$949.00K	USD	3 Qtrs
Other expense	`OtherNonoperatingIncomeExpense`	$-156.00K	USD	1 Quarter
Other expense	`OtherNonoperatingIncomeExpense`	$-129.00K	USD	1 Quarter
Other expense	`OtherNonoperatingIncomeExpense`	$-509.00K	USD	3 Qtrs
Other expense	`OtherNonoperatingIncomeExpense`	$-531.00K	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$53.12M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.63M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$65.43M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.92M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$14.66M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$4.88M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$11.50M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$4.49M	USD	1 Quarter
Net income	`NetIncomeLoss`	$50.77M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$18.14M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$41.62M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.05	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.22	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.46	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.43	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.05	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.19	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.69M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.13M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.77M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.73M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.98M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.92M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.79M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.68M	shares	3 Qtrs
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.09	USD	1 Quarter
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.17	USD	3 Qtrs
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.26	USD	3 Qtrs
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.06	USD	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$50.77M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$18.14M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$41.62M	USD	3 Qtrs
Stock-based compensation expense	`StockOptionPlanExpense`	$5.83M	USD	3 Qtrs
Stock-based compensation expense	`StockOptionPlanExpense`	$1.67M	USD	3 Qtrs
Depreciation of property, plant and equipment	`Depreciation`	$4.08M	USD	3 Qtrs
Depreciation of property, plant and equipment	`Depreciation`	$3.44M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.79M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.18M	USD	3 Qtrs
Amortization of premiums/discounts on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-1.97M	USD	3 Qtrs
Amortization of premiums/discounts on investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-4.67M	USD	3 Qtrs
Tax effect of stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$81.00K	USD	3 Qtrs
Tax effect of stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$3.62M	USD	3 Qtrs
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$2.40M	USD	3 Qtrs
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$359.00K	USD	3 Qtrs
Change in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$2.18M	USD	3 Qtrs
Change in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$3.26M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$46.75M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$62.37M	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$178.08M	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$288.05M	USD	3 Qtrs
Maturities and sale of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$58.68M	USD	3 Qtrs
Maturities and sale of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$217.50M	USD	3 Qtrs
Purchases of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.31M	USD	3 Qtrs
Purchases of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.54M	USD	3 Qtrs
Cash received related to disposition	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$315.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-122.40M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-76.09M	USD	3 Qtrs
Issuance of common stock under stock option plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$7.32M	USD	3 Qtrs
Issuance of common stock under stock option plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$27.84M	USD	3 Qtrs
Stock option buyback	`StockOptionBuyback`	$83.00K	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$10.00M	USD	3 Qtrs
Payment of dividends	`PaymentsOfDividendsCommonStock`	$6.75M	USD	3 Qtrs
Payment of dividends	`PaymentsOfDividendsCommonStock`	$10.90M	USD	3 Qtrs
Tax effect of stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.62M	USD	3 Qtrs
Tax effect of stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$81.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$575.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.56M	USD	3 Qtrs
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$133.00K	USD	3 Qtrs
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-6.54M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-81.62M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.03M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$33.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.21M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$119.83M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.18M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$33.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$38.21M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$119.83M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.18M	USD	Point-in-time

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$541.36M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$473.31M	USD	Point-in-time
Beginning Balance, Shares	`CommonStockSharesIssued`	41.06M	shares	Point-in-time
Beginning Balance, Shares	`CommonStockSharesIssued`	42.08M	shares	Point-in-time
Issuance of common stock under stock option plans	`StockIssuedDuringPeriodValueStockOptionsExercised`	$27.84M	USD	3 Qtrs
Issuance of common stock under stock option plans, Shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	1.35M	shares	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.83M	USD	3 Qtrs
Excess tax benefit from stock option exercises	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$3.62M	USD	3 Qtrs
Reduction of tax benefit for research and development credits as a result of stock option accounting	`AdjustmentsToAdditionalPaidInCapitalReductionOfTaxBenefitForResearchAndDevelopmentCredits`	$-63.00K	USD	3 Qtrs
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$10.00M	USD	3 Qtrs
Payment of dividends	`DividendsCommonStockCash`	$10.90M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$50.77M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$18.14M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$41.62M	USD	3 Qtrs
Net unrealized gain on available-for-sale investments, net of tax of $62	`OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease`	$48.00K	USD	3 Qtrs
Foreign currency translation adjustment, net of tax of $26	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$902.00K	USD	3 Qtrs
Ending Balance (unaudited)	`StockholdersEquity`	$541.36M	USD	Point-in-time
Ending Balance (unaudited)	`StockholdersEquity`	$473.31M	USD	Point-in-time
Ending Balance, Shares (unaudited)	`CommonStockSharesIssued`	41.06M	shares	Point-in-time
Ending Balance, Shares (unaudited)	`CommonStockSharesIssued`	42.08M	shares	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Tax effect of unrealized loss on available-for-sale investments	`OtherComprehensiveIncomeAvailableForSaleSecuritiesTax`	$62.00K	USD	3 Qtrs
Tax effect of foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTax`	$26.00K	USD	3 Qtrs

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