10-Q Filing

GRAND CANYON EDUCATION, INC. CIK: 1434588 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001193125-18-148672`
Period End Date	20180331
Filing Date	20180502
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	lope-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 34 Cash Flow Statement 67 Stockholders Equity 12 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$242.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$153.47M	USD	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`	$94.53M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$72.82M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesCurrent`	$91.91M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesCurrent`	$89.27M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$10.91M	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`	$9.47M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	52.50M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	52.28M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$2.09M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.33M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.12M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$24.59M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.22M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.99M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$435.36M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.28M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.15M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$374.86M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$950.16M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$922.28M	USD	Point-in-time
Prepaid royalties	`PrepaidRoyaltiesNoncurrent`	$2.76M	USD	Point-in-time
Prepaid royalties	`PrepaidRoyaltiesNoncurrent`	$2.69M	USD	Point-in-time
Goodwill	`Goodwill`	$2.94M	USD	Point-in-time
Goodwill	`Goodwill`	$2.94M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$833.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$723.00K	USD	Point-in-time
Total assets	`Assets`	$1.30B	USD	Point-in-time
Total assets	`Assets`	$1.39B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$36.10M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$25.01M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$23.17M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$26.57M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$20.76M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$16.18M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$30.23M	USD	Point-in-time
Student deposits	`CustomerDepositsCurrent`	$95.30M	USD	Point-in-time
Student deposits	`CustomerDepositsCurrent`	$72.95M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$64.13M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$46.90M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$6.69M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$6.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$261.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$238.13M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$1.20M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$1.13M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxLiabilitiesNoncurrent`	$19.90M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxLiabilitiesNoncurrent`	$18.36M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$58.27M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$59.92M	USD	Point-in-time
Total liabilities	`Liabilities`	$317.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$340.97M	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, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at March 31, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 52,496 and 52,277 shares issued and 48,217 and 48,125 shares outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$523.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 52,496 and 52,277 shares issued and 48,217 and 48,125 shares outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$525.00K	USD	Point-in-time
Treasury stock, at cost, 4,279 and 4,152 shares of common stock at March 31, 2018 and December 31, 2017, respectively	`TreasuryStockValue`	$100.69M	USD	Point-in-time
Treasury stock, at cost, 4,279 and 4,152 shares of common stock at March 31, 2018 and December 31, 2017, respectively	`TreasuryStockValue`	$112.73M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$237.06M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$232.67M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-724.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-526.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$854.18M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$926.68M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.05B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$985.95M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.39B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.30B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$248.21M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$275.68M	USD	1 Quarter
Instructional costs and services	`InstructionalCostsAndServices`	$102.57M	USD	1 Quarter
Instructional costs and services	`InstructionalCostsAndServices`	$111.03M	USD	1 Quarter
Admissions advisory and related	`AdmissionsAdvisoryAndRelatedExpenses`	$31.97M	USD	1 Quarter
Admissions advisory and related	`AdmissionsAdvisoryAndRelatedExpenses`	$34.85M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$25.71M	USD	1 Quarter
Advertising	`AdvertisingExpense`	$24.63M	USD	1 Quarter
Marketing and promotional	`MarketingExpense`	$2.46M	USD	1 Quarter
Marketing and promotional	`MarketingExpense`	$2.68M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.31M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.94M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$171.58M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$185.59M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$90.09M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$76.63M	USD	1 Quarter
Interest expense	`InterestExpense`	$580.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$346.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncomeExpenseNonoperating`	$2.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncomeExpenseNonoperating`	$981.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$90.73M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$76.05M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$20.14M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$17.05M	USD	1 Quarter
Net income	`NetIncomeLoss`	$73.68M	USD	1 Quarter
Net income	`NetIncomeLoss`	$55.91M	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$1.55	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$1.20	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$1.16	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$1.52	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	46.75M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	47.43M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.40M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.07M	shares	1 Quarter

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$73.68M	USD	1 Quarter
Net income	`NetIncomeLoss`	$55.91M	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$3.47M	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$2.93M	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$5.00M	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$4.38M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$13.95M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$13.27M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$3.72M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.93M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-122.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-539.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.56M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.27M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.33M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.26M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$1.04M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$563.00K	USD	1 Quarter
Accrued liabilities and employee related liabilities	`IncreaseDecreaseInAccruedLiabilities`	$3.38M	USD	1 Quarter
Accrued liabilities and employee related liabilities	`IncreaseDecreaseInAccruedLiabilities`	$7.67M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$14.81M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$16.65M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredRent`	$-92.00K	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredRent`	$-36.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$29.02M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$24.69M	USD	1 Quarter
Student deposits	`IncreaseDecreaseInCustomerDeposits`	$-15.16M	USD	1 Quarter
Student deposits	`IncreaseDecreaseInCustomerDeposits`	$-22.35M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$109.66M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$119.01M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$35.17M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$21.73M	USD	1 Quarter
Purchases of land and building improvements related to off-site development	`PurchaseOfLandRelatedToOffsiteDevelopment`	$7.90M	USD	1 Quarter
Purchases of land and building improvements related to off-site development	`PurchaseOfLandRelatedToOffsiteDevelopment`	$174.00K	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireAvailableForSaleSecurities`	$26.53M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireAvailableForSaleSecurities`	$17.12M	USD	1 Quarter
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$13.94M	USD	1 Quarter
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$7.57M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-38.52M	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`	$1.70M	USD	1 Quarter
Principal payments on notes payable and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$1.72M	USD	1 Quarter
Net borrowings from revolving line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-25.00M	USD	1 Quarter
Repurchase of common shares including shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$12.03M	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`	$3.12M	USD	1 Quarter
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$919.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-33.09M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-12.83M	USD	1 Quarter
Net increase in cash and cash equivalents and restricted cash	`CashRestrictedCashAndCashEquivalentsPeriodIncreaseDecrease`	$67.65M	USD	1 Quarter
Net increase in cash and cash equivalents and restricted cash	`CashRestrictedCashAndCashEquivalentsPeriodIncreaseDecrease`	$27.98M	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`	$248.01M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashRestrictedCashAndCashEquivalentsAtCarryingValue`	$315.66M	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, end of period	`CashRestrictedCashAndCashEquivalentsAtCarryingValue`	$130.91M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashRestrictedCashAndCashEquivalentsAtCarryingValue`	$248.01M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashRestrictedCashAndCashEquivalentsAtCarryingValue`	$315.66M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashRestrictedCashAndCashEquivalentsAtCarryingValue`	$158.88M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$674.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$321.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$438.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$375.00K	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`PurchasesOfPropertyAndEquipmentIncludedInAccountsPayable`	$13.08M	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`PurchasesOfPropertyAndEquipmentIncludedInAccountsPayable`	$5.99M	USD	1 Quarter
Reclassification of capitalized costs - adoption of ASC 606	`ReclassificationOfCapitalizedCostsDueToAdoptionOfASC606`	$9.02M	USD	1 Quarter
Reclassification of deferred revenue - adoption of ASC 606	`ReclassificationOfDeferredRevenueDueToAdoptionOfASC606`	$7.45M	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$1.05B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$985.95M	USD	Point-in-time
Cumulative effect from the adoption of accounting pronouncements, net of taxes	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$-1.17M	USD	Point-in-time
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$73.88M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$56.30M	USD	1 Quarter
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$508.00K	USD	1 Quarter
Restricted shares forfeited	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-8.05M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$919.00K	USD	1 Quarter
Exercise of stock options, Shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	59,000.00	shares	1 Quarter
Ending Balance	`StockholdersEquity`	$1.05B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$985.95M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Unrealized gains on available-for-sale securities and restricted cash equivalents, taxes	`OtherComprehensiveIncomeLossUnrealizedHoldingGainLossOnSecuritiesRestrictedCashEquivalentsArisingDuringPeriodTax`	$242.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$73.68M	USD	1 Quarter
Unrealized gains on available-for-sale securities and restricted cash equivalents, taxes	`OtherComprehensiveIncomeLossUnrealizedHoldingGainLossOnSecuritiesRestrictedCashEquivalentsArisingDuringPeriodTax`	$8.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$55.91M	USD	1 Quarter
Unrealized losses on hedging derivatives, taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-3.00K	USD	1 Quarter
Unrealized losses on hedging derivatives, taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$57.00K	USD	1 Quarter
Unrealized gains on available-for-sale securities and restricted cash equivalents, net of taxes of $8 and $242 for March 31, 2018 and 2017, respectively	`OtherComprehensiveIncomeLossUnrealizedHoldingGainLossOnSecuritiesAndRestrictedCashEquivalentsArisingDuringPeriodNetOfTax`	$393.00K	USD	1 Quarter
Unrealized gains on available-for-sale securities and restricted cash equivalents, net of taxes of $8 and $242 for March 31, 2018 and 2017, respectively	`OtherComprehensiveIncomeLossUnrealizedHoldingGainLossOnSecuritiesAndRestrictedCashEquivalentsArisingDuringPeriodNetOfTax`	$24.00K	USD	1 Quarter
Unrealized gains (losses) on hedging derivatives, net of taxes of $57 and $3 for March 31, 2018 and 2017, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$174.00K	USD	1 Quarter
Unrealized gains (losses) on hedging derivatives, net of taxes of $57 and $3 for March 31, 2018 and 2017, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-5.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$73.88M	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.