10-Q Filing

GRAND CANYON EDUCATION, INC. CIK: 1434588 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001193125-17-158676`
Period End Date	20170331
Filing Date	20170504
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	lope-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 34 Cash Flow Statement 70 Stockholders Equity 10 Comprehensive Income 12

Balance Sheet 84 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$88.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.98M	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$70.34M	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$84.93M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesCurrent`	$62.60M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesCurrent`	$81.56M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$9.03M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$10.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	51.94M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	51.51M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$4.69M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$4.83M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	47.56M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	47.83M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$21.88M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$23.63M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$230.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$277.92M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.11M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.95M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$855.53M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$870.29M	USD	Point-in-time
Prepaid royalties	`PrepaidRoyaltiesNoncurrent`	$3.06M	USD	Point-in-time
Prepaid royalties	`PrepaidRoyaltiesNoncurrent`	$2.98M	USD	Point-in-time
Goodwill	`Goodwill`	$2.94M	USD	Point-in-time
Goodwill	`Goodwill`	$2.94M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$897.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.12M	USD	Point-in-time
Total assets	`Assets`	$1.09B	USD	Point-in-time
Total assets	`Assets`	$1.16B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.82M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.11M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$19.70M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$20.67M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$21.28M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$23.70M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.73M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$19.53M	USD	Point-in-time
Student deposits	`CustomerDepositsCurrent`	$85.88M	USD	Point-in-time
Student deposits	`CustomerDepositsCurrent`	$70.72M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$69.76M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$40.74M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$6.65M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$31.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$235.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$226.79M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$1.69M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$1.61M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxLiabilitiesNoncurrent`	$27.04M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxLiabilitiesNoncurrent`	$23.71M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$66.62M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$64.94M	USD	Point-in-time
Total liabilities	`Liabilities`	$318.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$328.74M	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, 2017 and December 31, 2016	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at March 31, 2017 and December 31, 2016	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 51,939 and 51,509 shares issued and 47,829 and 47,559 shares outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$519.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 51,939 and 51,509 shares issued and 47,829 and 47,559 shares outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$515.00K	USD	Point-in-time
Treasury stock, at cost, 4,110 and 3,950 shares of common stock at March 31, 2017 and December 31, 2016, respectively	`TreasuryStockValue`	$98.91M	USD	Point-in-time
Treasury stock, at cost, 4,110 and 3,950 shares of common stock at March 31, 2017 and December 31, 2016, respectively	`TreasuryStockValue`	$89.39M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$212.56M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$218.67M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-522.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-910.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$650.92M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$706.77M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$773.69M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$826.52M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.09B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.16B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$226.96M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$248.21M	USD	1 Quarter
Instructional costs and services	`InstructionalCostsAndServices`	$94.65M	USD	1 Quarter
Instructional costs and services	`InstructionalCostsAndServices`	$102.57M	USD	1 Quarter
Admissions advisory and related	`AdmissionsAdvisoryAndRelatedExpenses`	$31.97M	USD	1 Quarter
Admissions advisory and related	`AdmissionsAdvisoryAndRelatedExpenses`	$29.54M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$21.11M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$24.63M	USD	1 Quarter
Marketing and promotional	`MarketingExpense`	$2.46M	USD	1 Quarter
Marketing and promotional	`MarketingExpense`	$2.24M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.94M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.72M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$158.27M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$171.58M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$68.69M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$76.63M	USD	1 Quarter
Interest expense	`InterestExpense`	$329.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$580.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncomeExpenseNonoperating`	$2.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncomeExpenseNonoperating`	$2.05M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$76.05M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$70.41M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$26.75M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$20.14M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$55.91M	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$1.20	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$0.96	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$0.93	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$1.16	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	46.75M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	45.62M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.86M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.07M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$43.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$55.91M	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$2.90M	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$2.93M	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$4.38M	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$4.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.47M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$13.27M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$2.71M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$3.72M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$1.69M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-122.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.41M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.68M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-404.00K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.11M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$1.04M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-7.01M	USD	1 Quarter
Accrued liabilities and employee related liabilities	`IncreaseDecreaseInAccruedLiabilities`	$3.38M	USD	1 Quarter
Accrued liabilities and employee related liabilities	`IncreaseDecreaseInAccruedLiabilities`	$6.84M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$21.93M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$16.65M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredRent`	$-236.00K	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredRent`	$-92.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$19.70M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$29.02M	USD	1 Quarter
Student deposits	`IncreaseDecreaseInCustomerDeposits`	$-15.16M	USD	1 Quarter
Student deposits	`IncreaseDecreaseInCustomerDeposits`	$-13.61M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$86.91M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$109.66M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$21.73M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$49.78M	USD	1 Quarter
Purchases of land, building and golf course improvements related to off-site development	`PurchaseOfLandRelatedToOffsiteDevelopment`	$7.72M	USD	1 Quarter
Purchases of land, building and golf course improvements related to off-site development	`PurchaseOfLandRelatedToOffsiteDevelopment`	$7.90M	USD	1 Quarter
Proceeds received from note receivable	`ProceedsFromSaleOfNotesReceivable`	$501.00K	USD	1 Quarter
Return of equity method investment	`ProceedsFromSaleOfEquityMethodInvestments`	$1.75M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireAvailableForSaleSecurities`	$26.53M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireAvailableForSaleSecurities`	$13.69M	USD	1 Quarter
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$7.57M	USD	1 Quarter
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$12.92M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-56.01M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-48.59M	USD	1 Quarter
Principal payments on notes payable and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$2.13M	USD	1 Quarter
Principal payments on notes payable and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$1.70M	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$194.00K	USD	1 Quarter
Net borrowings from revolving line of credit	`RepaymentsOfLinesOfCredit`	$25.00M	USD	1 Quarter
Repurchase of common shares including shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$19.18M	USD	1 Quarter
Repurchase of common shares including shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$9.52M	USD	1 Quarter
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.46M	USD	1 Quarter
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.12M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-18.04M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-33.09M	USD	1 Quarter
Net increase in cash and cash equivalents and restricted cash	`CashRestrictedCashAndCashEquivalentsPeriodIncreaseDecrease`	$27.98M	USD	1 Quarter
Net increase in cash and cash equivalents and restricted cash	`CashRestrictedCashAndCashEquivalentsPeriodIncreaseDecrease`	$12.85M	USD	1 Quarter
Cash and cash equivalents and restricted cash, beginning of period	`CashRestrictedCashAndCashEquivalentsAtCarryingValue`	$130.91M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashRestrictedCashAndCashEquivalentsAtCarryingValue`	$158.88M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashRestrictedCashAndCashEquivalentsAtCarryingValue`	$111.27M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashRestrictedCashAndCashEquivalentsAtCarryingValue`	$98.42M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashRestrictedCashAndCashEquivalentsAtCarryingValue`	$130.91M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashRestrictedCashAndCashEquivalentsAtCarryingValue`	$158.88M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashRestrictedCashAndCashEquivalentsAtCarryingValue`	$111.27M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashRestrictedCashAndCashEquivalentsAtCarryingValue`	$98.42M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$332.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$674.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$1.72M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$438.00K	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`PurchasesOfPropertyAndEquipmentIncludedInAccountsPayable`	$5.99M	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`PurchasesOfPropertyAndEquipmentIncludedInAccountsPayable`	$23.16M	USD	1 Quarter
Tax benefit of Spirit warrant intangible	`TaxBenefitOfSpiritWarrantIntangible`	$63.00K	USD	1 Quarter
Shortfall tax expense from share-based compensation	`ShortfallTaxExpenseFromShareBasedCompensation`	$252.00K	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$773.69M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$826.52M	USD	Point-in-time
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$43.47M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$56.30M	USD	1 Quarter
Restricted shares forfeited	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-6.58M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.12M	USD	1 Quarter
Exercise of stock options, Shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	243,000.00	shares	1 Quarter
Ending Balance	`StockholdersEquity`	$773.69M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$826.52M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$43.66M	USD	1 Quarter
Unrealized losses on available for sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$242.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$55.91M	USD	1 Quarter
Unrealized losses on available for sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$24.00K	USD	1 Quarter
Unrealized losses on hedging derivatives, taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$3.00K	USD	1 Quarter
Unrealized losses on hedging derivatives, taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$148.00K	USD	1 Quarter
Unrealized gains on available-for-sale securities and restricted cash equivalents, net of taxes of $242 and $24 for March 31, 2017 and 2016, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$39.00K	USD	1 Quarter
Unrealized gains on available-for-sale securities and restricted cash equivalents, net of taxes of $242 and $24 for March 31, 2017 and 2016, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$393.00K	USD	1 Quarter
Unrealized losses on hedging derivatives, net of taxes of $3 and $148 for March 31, 2017 and 2016, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-238.00K	USD	1 Quarter
Unrealized losses on hedging derivatives, net of taxes of $3 and $148 for March 31, 2017 and 2016, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-5.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$43.47M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$56.30M	USD	1 Quarter

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