10-Q Filing

GLOBUS MEDICAL INC CIK: 1237831 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001237831-16-000109`
Period End Date	20160930
Filing Date	20161109
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	gmed-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 92 Cash Flow Statement 74 Comprehensive Income 20

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$90.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.15M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$82.27M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.51M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$26.12M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$477.00K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$139.11M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$159.31M	USD	Point-in-time
Short-term marketable securities	`AvailableForSaleSecuritiesCurrent`	$167.73M	USD	Point-in-time
Short-term marketable securities	`AvailableForSaleSecuritiesCurrent`	$220.88M	USD	Point-in-time
Accounts receivable, net of allowances of $2,694 and $2,513, respectively	`AccountsReceivableNetCurrent`	$77.68M	USD	Point-in-time
Accounts receivable, net of allowances of $2,694 and $2,513, respectively	`AccountsReceivableNetCurrent`	$86.71M	USD	Point-in-time
Inventories	`InventoryNet`	$105.26M	USD	Point-in-time
Inventories	`InventoryNet`	$115.61M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.61M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.35M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	785.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	95.32M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$8.67M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	95.81M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$5.89M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	95.32M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$38.69M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	95.81M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$478.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$544.80M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $159,314 and $139,114, respectively	`PropertyPlantAndEquipmentNet`	$127.08M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $159,314 and $139,114, respectively	`PropertyPlantAndEquipmentNet`	$114.74M	USD	Point-in-time
Long-term marketable securities	`AvailableForSaleSecuritiesNoncurrent`	$64.45M	USD	Point-in-time
Long-term marketable securities	`AvailableForSaleSecuritiesNoncurrent`	$48.76M	USD	Point-in-time
Note receivable	`NotesReceivableGross`	$25.00M	USD	Point-in-time
Note receivable	`NotesReceivableGross`	-	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$33.24M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$67.44M	USD	Point-in-time
Goodwill	`Goodwill`	$91.96M	USD	Point-in-time
Goodwill	`Goodwill`	$110.25M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.01M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$590.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$28.30M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	-	USD	Point-in-time
Total assets	`Assets`	$834.10M	USD	Point-in-time
Total assets	`Assets`	$901.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.94M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$43.29M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$53.77M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.70M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$763.00K	USD	Point-in-time
Business acquisition liabilities, current	`BusinessAcquisitionLiabilitiesCurrent`	$4.89M	USD	Point-in-time
Business acquisition liabilities, current	`BusinessAcquisitionLiabilitiesCurrent`	$12.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$65.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$82.69M	USD	Point-in-time
Business acquisition liabilities, net of current portion	`BusinessAcquisitionLiabilitiesNoncurrent`	$21.13M	USD	Point-in-time
Business acquisition liabilities, net of current portion	`BusinessAcquisitionLiabilitiesNoncurrent`	$15.02M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$9.01M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$13.26M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.70M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.78M	USD	Point-in-time
Total liabilities	`Liabilities`	$118.78M	USD	Point-in-time
Total liabilities	`Liabilities`	$91.62M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$207.18M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$192.63M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.76M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.96M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.74M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.66M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$524.56M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$604.60M	USD	Point-in-time
Total equity	`StockholdersEquity`	$715.32M	USD	Point-in-time
Total equity	`StockholdersEquity`	$810.12M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$901.74M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$834.10M	USD	Point-in-time

Income Statement 92 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$402.17M	USD	3 Qtrs
Sales	`SalesRevenueNet`	$136.99M	USD	1 Quarter
Sales	`SalesRevenueNet`	$412.40M	USD	3 Qtrs
Sales	`SalesRevenueNet`	$135.65M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$95.70M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$32.93M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$31.45M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$97.39M	USD	3 Qtrs
Gross profit	`GrossProfit`	$104.06M	USD	1 Quarter
Gross profit	`GrossProfit`	$104.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$316.70M	USD	3 Qtrs
Gross profit	`GrossProfit`	$304.77M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$9.25M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$26.64M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$30.89M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$10.27M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$157.44M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$52.17M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$54.21M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$161.32M	USD	3 Qtrs
Provision for litigation	`LossContingencyAccrualProvision`	$3.06M	USD	3 Qtrs
Provision for litigation	`LossContingencyAccrualProvision`	$27.00K	USD	1 Quarter
Provision for litigation	`LossContingencyAccrualProvision`	$433.00K	USD	3 Qtrs
Provision for litigation	`LossContingencyAccrualProvision`	-	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$1.67M	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$1.17M	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$393.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$884.00K	USD	1 Quarter
Acquisition related costs	`BusinessCombinationIntegrationRelatedCosts`	$2.86M	USD	3 Qtrs
Acquisition related costs	`BusinessCombinationIntegrationRelatedCosts`	$1.35M	USD	3 Qtrs
Acquisition related costs	`BusinessCombinationIntegrationRelatedCosts`	$1.19M	USD	1 Quarter
Acquisition related costs	`BusinessCombinationIntegrationRelatedCosts`	$1.55M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$66.55M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$188.55M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$63.39M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$198.28M	USD	3 Qtrs
Operating Income	`OperatingIncomeLoss`	$37.65M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$118.42M	USD	3 Qtrs
Operating Income	`OperatingIncomeLoss`	$116.22M	USD	3 Qtrs
Operating Income	`OperatingIncomeLoss`	$40.67M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$342.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$795.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$898.00K	USD	3 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$1.89M	USD	3 Qtrs
Foreign currency transaction gain/(loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$83.00K	USD	3 Qtrs
Foreign currency transaction gain/(loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-869.00K	USD	3 Qtrs
Foreign currency transaction gain/(loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$284.00K	USD	1 Quarter
Foreign currency transaction gain/(loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-205.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$407.00K	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$318.00K	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$116.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$126.00K	USD	1 Quarter
Total other income, net	`OtherNonoperatingIncomeExpense`	$2.38M	USD	3 Qtrs
Total other income, net	`OtherNonoperatingIncomeExpense`	$347.00K	USD	3 Qtrs
Total other income, net	`OtherNonoperatingIncomeExpense`	$1.21M	USD	1 Quarter
Total other income, net	`OtherNonoperatingIncomeExpense`	$253.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$116.57M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$120.80M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$38.85M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$40.93M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$41.39M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$14.45M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$12.63M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$40.76M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$80.04M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$26.23M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$26.48M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$75.18M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.79	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.28	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.84	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.78	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.83	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.28	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	95.58M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	95.14M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	94.97M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	95.74M	shares	1 Quarter
Dilutive stock options	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	829,000.00	shares	3 Qtrs
Dilutive stock options	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	981,000.00	shares	1 Quarter
Dilutive stock options	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	1.06M	shares	3 Qtrs
Dilutive stock options	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	753,000.00	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	96.40M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	96.12M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	96.49M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	96.03M	shares	3 Qtrs
Anti-dilutive stock options excluded from weighted average calculation	`AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount`	5.46M	shares	1 Quarter
Anti-dilutive stock options excluded from weighted average calculation	`AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount`	3.12M	shares	3 Qtrs
Anti-dilutive stock options excluded from weighted average calculation	`AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount`	3.23M	shares	1 Quarter
Anti-dilutive stock options excluded from weighted average calculation	`AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount`	5.38M	shares	3 Qtrs

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$80.04M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$26.23M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$75.18M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.67M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$21.54M	USD	3 Qtrs
Amortization of premium on marketable securities	`InvestmentIncomeAmortizationOfPremium`	$3.07M	USD	3 Qtrs
Amortization of premium on marketable securities	`InvestmentIncomeAmortizationOfPremium`	$2.35M	USD	3 Qtrs
Write-down for excess and obsolete inventories	`InventoryWriteDown`	$7.12M	USD	3 Qtrs
Write-down for excess and obsolete inventories	`InventoryWriteDown`	$6.92M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$8.44M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$6.93M	USD	3 Qtrs
Excess tax benefit related to nonqualified stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.48M	USD	3 Qtrs
Excess tax benefit related to nonqualified stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.97M	USD	3 Qtrs
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$320.00K	USD	3 Qtrs
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$957.00K	USD	3 Qtrs
Change in deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-1.36M	USD	3 Qtrs
Change in deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-4.12M	USD	3 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$2.02M	USD	3 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-25.64M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.47M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.11M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$17.00M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$6.61M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.33M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.37M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.81M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.43M	USD	3 Qtrs
Accounts payable to related-party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	3 Qtrs
Accounts payable to related-party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-5.36M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-30.18M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$6.04M	USD	3 Qtrs
Income taxes payable/receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-275.00K	USD	3 Qtrs
Income taxes payable/receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$6.64M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$77.88M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$120.00M	USD	3 Qtrs
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$207.41M	USD	3 Qtrs
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$223.62M	USD	3 Qtrs
Maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$131.32M	USD	3 Qtrs
Maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$211.14M	USD	3 Qtrs
Sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$46.06M	USD	3 Qtrs
Sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$47.11M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$26.70M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$36.61M	USD	3 Qtrs
Issuance of note receivable	`IncreaseDecreaseInNotesReceivables`	$25.00M	USD	3 Qtrs
Issuance of note receivable	`IncreaseDecreaseInNotesReceivables`	-	USD	3 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$48.51M	USD	3 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$76.07M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-93.14M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-115.14M	USD	3 Qtrs
Payment of business acquisition liabilities	`PaymentOfBusinessAcquisitionLiabilities`	$400.00K	USD	3 Qtrs
Payment of business acquisition liabilities	`PaymentOfBusinessAcquisitionLiabilities`	$900.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$4.31M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$4.43M	USD	3 Qtrs
Excess tax benefit related to nonqualified stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.97M	USD	3 Qtrs
Excess tax benefit related to nonqualified stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.48M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.39M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.51M	USD	3 Qtrs
Effect of foreign exchange rate on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.32M	USD	3 Qtrs
Effect of foreign exchange rate on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$117.00K	USD	3 Qtrs
Net increase/(decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-31.76M	USD	3 Qtrs
Net increase/(decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$30.04M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$90.19M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$50.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.15M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$82.27M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$90.19M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$50.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$60.15M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$82.27M	USD	Point-in-time
Interest paid	`InterestPaid`	$23.00K	USD	3 Qtrs
Interest paid	`InterestPaid`	$9.00K	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$37.01M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$45.95M	USD	3 Qtrs

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$80.04M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$26.23M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$75.18M	USD	3 Qtrs
Unrealized gain/(loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$119.00K	USD	3 Qtrs
Unrealized gain/(loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$103.00K	USD	3 Qtrs
Unrealized gain/(loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$75.00K	USD	1 Quarter
Unrealized gain/(loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-165.00K	USD	1 Quarter
Foreign currency translation gain/(loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-184.00K	USD	3 Qtrs
Foreign currency translation gain/(loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$79.00K	USD	3 Qtrs
Foreign currency translation gain/(loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-124.00K	USD	1 Quarter
Foreign currency translation gain/(loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$141.00K	USD	1 Quarter
Total other comprehensive income/(loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$198.00K	USD	3 Qtrs
Total other comprehensive income/(loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-49.00K	USD	1 Quarter
Total other comprehensive income/(loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-24.00K	USD	1 Quarter
Total other comprehensive income/(loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-81.00K	USD	3 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$26.20M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$26.43M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$80.24M	USD	3 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$75.10M	USD	3 Qtrs

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