10-Q Filing

GRAND CANYON EDUCATION, INC. CIK: 1434588 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-156617`
Period End Date	20150331
Filing Date	20150429
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	lope-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 36 Cash Flow Statement 74 Stockholders Equity 10 Comprehensive Income 12

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$86.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$65.24M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.82M	USD	Point-in-time
Restricted cash, cash equivalents and investments	`RestrictedCashAndInvestmentsCurrent`	$67.84M	USD	Point-in-time
Restricted cash, cash equivalents and investments	`RestrictedCashAndInvestmentsCurrent`	$57.88M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investments	`AvailableForSaleSecuritiesCurrent`	$100.78M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesCurrent`	$101.02M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$7.61M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$6.69M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$6.15M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$6.11M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	49.75M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.16M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	46.74M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$19.43M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$20.24M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	47.07M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$278.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$267.05M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.10M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$478.17M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$527.73M	USD	Point-in-time
Prepaid royalties	`PrepaidRoyaltiesNoncurrent`	$3.65M	USD	Point-in-time
Prepaid royalties	`PrepaidRoyaltiesNoncurrent`	$3.58M	USD	Point-in-time
Goodwill	`Goodwill`	$2.94M	USD	Point-in-time
Goodwill	`Goodwill`	$2.94M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.24M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.91M	USD	Point-in-time
Total assets	`Assets`	$815.57M	USD	Point-in-time
Total assets	`Assets`	$755.71M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$22.71M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$34.32M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$18.22M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$24.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$14.80M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$13.53M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$4.91M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$15.54M	USD	Point-in-time
Student deposits	`CustomerDepositsCurrent`	$69.58M	USD	Point-in-time
Student deposits	`CustomerDepositsCurrent`	$58.95M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$53.41M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$36.87M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$403.00K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$420.00K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$91.00K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$92.00K	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$6.62M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$6.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$202.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$178.71M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$406.00K	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$383.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$4.25M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$4.51M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxLiabilitiesNoncurrent`	$15.97M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxLiabilitiesNoncurrent`	$17.17M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$78.22M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$79.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$302.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$279.48M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at March 31, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at March 31, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 50,164 and 49,746 shares issued and 47,068 and 46,744 shares outstanding at March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$502.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 50,164 and 49,746 shares issued and 47,068 and 46,744 shares outstanding at March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$497.00K	USD	Point-in-time
Treasury stock, at cost, 3,096 and 3,002 shares of common stock at March 31, 2015 and December 31, 2014, respectively	`TreasuryStockValue`	$57.95M	USD	Point-in-time
Treasury stock, at cost, 3,096 and 3,002 shares of common stock at March 31, 2015 and December 31, 2014, respectively	`TreasuryStockValue`	$53.77M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$165.73M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$158.55M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-269.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-35.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$405.17M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$370.99M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$476.23M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$513.19M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$815.57M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$755.71M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Admissions advisory and related expenses to related parties	`RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty`	$805.00K	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$194.13M	USD	1 Quarter
Admissions advisory and related expenses to related parties	`RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty`	$505.00K	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$167.43M	USD	1 Quarter
Instructional costs and services	`InstructionalCostsAndServices`	$70.68M	USD	1 Quarter
Instructional costs and services	`InstructionalCostsAndServices`	$78.69M	USD	1 Quarter
Admissions advisory and related, including $505 and $805 to related parties for the three months ended March 31, 2015 and 2014, respectively	`AdmissionsAdvisoryAndRelatedExpenses`	$26.26M	USD	1 Quarter
Admissions advisory and related, including $505 and $805 to related parties for the three months ended March 31, 2015 and 2014, respectively	`AdmissionsAdvisoryAndRelatedExpenses`	$28.33M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$16.71M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$20.03M	USD	1 Quarter
Marketing and promotional	`MarketingExpense`	$1.79M	USD	1 Quarter
Marketing and promotional	`MarketingExpense`	$1.69M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.55M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.40M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$138.14M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$124.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$55.99M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$43.44M	USD	1 Quarter
Interest expense	`InterestExpense`	$375.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$523.00K	USD	1 Quarter
Interest and other income	`InvestmentIncomeNonoperating`	$257.00K	USD	1 Quarter
Interest and other income	`InvestmentIncomeNonoperating`	$137.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$43.05M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$55.87M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$21.69M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$16.76M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$34.18M	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$0.75	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$0.72	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	45.79M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	45.20M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.84M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.20M	shares	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$26.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$34.18M	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$2.20M	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$2.60M	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$6.42M	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.82M	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$3.97M	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$3.79M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$8.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.93M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.15M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.00M	USD	1 Quarter
Prepaid royalty impairment	`AmortizationOfAdvanceRoyalty`	$966.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-121.00K	USD	1 Quarter
Restricted cash, cash equivalents and investments	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-13.53M	USD	1 Quarter
Restricted cash, cash equivalents and investments	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-9.96M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.05M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.96M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-957.00K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$283.00K	USD	1 Quarter
Due to/from related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$62.00K	USD	1 Quarter
Due to/from related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$17.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-1.70M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-165.00K	USD	1 Quarter
Accrued liabilities and employee related liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-6.42M	USD	1 Quarter
Accrued liabilities and employee related liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-4.53M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$13.51M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$15.10M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredRent`	$-260.00K	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredRent`	$-268.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$13.88M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$16.54M	USD	1 Quarter
Student deposits	`IncreaseDecreaseInCustomerDeposits`	$-10.63M	USD	1 Quarter
Student deposits	`IncreaseDecreaseInCustomerDeposits`	$-12.56M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$53.67M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$68.19M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$27.21M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$45.74M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireAvailableForSaleSecurities`	$10.71M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireAvailableForSaleSecurities`	$62.71M	USD	1 Quarter
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$10.48M	USD	1 Quarter
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$13.66M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-76.26M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-45.97M	USD	1 Quarter
Principal payments on notes payable and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$1.68M	USD	1 Quarter
Principal payments on notes payable and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$1.67M	USD	1 Quarter
Repurchase of common shares including shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$4.18M	USD	1 Quarter
Repurchase of common shares including shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$4.24M	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.82M	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$6.42M	USD	1 Quarter
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$5.39M	USD	1 Quarter
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.74M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.30M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$5.89M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$20.92M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.70M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$86.16M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.13M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$65.24M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$55.82M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$86.16M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.13M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$65.24M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$55.82M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$386.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$535.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$372.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$6.80M	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`PurchasesOfPropertyAndEquipmentIncludedInAccountsPayable`	$5.44M	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`PurchasesOfPropertyAndEquipmentIncludedInAccountsPayable`	$17.61M	USD	1 Quarter
Tax benefit of Spirit warrant intangible	`TaxBenefitOfSpiritWarrantIntangible`	$65.00K	USD	1 Quarter
Tax benefit of Spirit warrant intangible	`TaxBenefitOfSpiritWarrantIntangible`	$65.00K	USD	1 Quarter
Shortfall tax expense from share-based compensation	`ShortfallTaxExpenseFromShareBasedCompensation`	$11.00K	USD	1 Quarter
Shortfall tax expense from share-based compensation	`ShortfallTaxExpenseFromShareBasedCompensation`	$9.00K	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$476.23M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$513.19M	USD	Point-in-time
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$33.95M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$26.25M	USD	1 Quarter
Restricted shares forfeited	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.74M	USD	1 Quarter
Excess tax benefits	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$2.87M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-1.59M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$476.23M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$513.19M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Unrealized gains (losses) on available-for-sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$10.00K	USD	1 Quarter
Unrealized gains (losses) on available-for-sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$3.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$34.18M	USD	1 Quarter
Unrealized losses on hedging derivatives, taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$17.00K	USD	1 Quarter
Unrealized losses on hedging derivatives, taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$153.00K	USD	1 Quarter
Unrealized gains (losses) on available-for-sale securities, net of taxes of $3 and $10 for March 31, 2015 and 2014, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$5.00K	USD	1 Quarter
Unrealized gains (losses) on available-for-sale securities, net of taxes of $3 and $10 for March 31, 2015 and 2014, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-16.00K	USD	1 Quarter
Unrealized losses on hedging derivatives, net of taxes of $153 and $17 for March 31, 2015 and 2014, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-239.00K	USD	1 Quarter
Unrealized losses on hedging derivatives, net of taxes of $153 and $17 for March 31, 2015 and 2014, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-26.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$33.95M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$26.25M	USD	1 Quarter

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