10-Q Filing

GLOBUS MEDICAL INC CIK: 1237831 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001237831-17-000031`
Period End Date	20170630
Filing Date	20170803
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	gmed-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 92 Cash Flow Statement 68 Comprehensive Income 20

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$149.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$95.34M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.77M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$132.64M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$478.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$477.00K	USD	Point-in-time
Short-term marketable securities	`AvailableForSaleSecuritiesCurrent`	$157.67M	USD	Point-in-time
Short-term marketable securities	`AvailableForSaleSecuritiesCurrent`	$162.52M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$166.71M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$181.22M	USD	Point-in-time
Accounts receivable, net of allowances of $3,645 and $2,771, respectively	`AccountsReceivableNetCurrent`	$95.49M	USD	Point-in-time
Accounts receivable, net of allowances of $3,645 and $2,771, respectively	`AccountsReceivableNetCurrent`	$91.98M	USD	Point-in-time
Inventories	`InventoryNet`	$112.69M	USD	Point-in-time
Inventories	`InventoryNet`	$111.11M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.50M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	785.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.88M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	95.93M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$9.99M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$3.80M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	96.29M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$535.13M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$513.77M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	95.93M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	96.29M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $181,223 and $166,711, respectively	`PropertyPlantAndEquipmentNet`	$124.23M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $181,223 and $166,711, respectively	`PropertyPlantAndEquipmentNet`	$130.12M	USD	Point-in-time
Long-term marketable securities	`AvailableForSaleSecuritiesNoncurrent`	$60.44M	USD	Point-in-time
Long-term marketable securities	`AvailableForSaleSecuritiesNoncurrent`	$60.93M	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableGrossNoncurrent`	$30.00M	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableGrossNoncurrent`	$30.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$90.04M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$61.71M	USD	Point-in-time
Goodwill	`Goodwill`	$112.77M	USD	Point-in-time
Goodwill	`Goodwill`	$105.93M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.05M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$928.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$34.97M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$30.64M	USD	Point-in-time
Total assets	`Assets`	$927.64M	USD	Point-in-time
Total assets	`Assets`	$995.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.47M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$41.71M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$46.40M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.91M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.40M	USD	Point-in-time
Business acquisition liabilities, current	`BusinessAcquisitionLiabilitiesCurrent`	$14.11M	USD	Point-in-time
Business acquisition liabilities, current	`BusinessAcquisitionLiabilitiesCurrent`	$9.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$69.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$79.89M	USD	Point-in-time
Business acquisition liabilities, net of current portion	`BusinessAcquisitionLiabilitiesNoncurrent`	$5.97M	USD	Point-in-time
Business acquisition liabilities, net of current portion	`BusinessAcquisitionLiabilitiesNoncurrent`	$10.68M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$7.88M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$8.18M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.82M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$95.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$89.71M	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`	$211.72M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$224.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.74M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.96M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.87M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.64M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$686.28M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$628.90M	USD	Point-in-time
Total equity	`StockholdersEquity`	$832.08M	USD	Point-in-time
Total equity	`StockholdersEquity`	$905.30M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$927.64M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$995.01M	USD	Point-in-time

Income Statement 92 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$137.49M	USD	1 Quarter
Sales	`SalesRevenueNet`	$152.39M	USD	1 Quarter
Sales	`SalesRevenueNet`	$308.20M	USD	2 Qtrs
Sales	`SalesRevenueNet`	$276.75M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$64.25M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$37.20M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$32.73M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$72.80M	USD	2 Qtrs
Gross profit	`GrossProfit`	$115.19M	USD	1 Quarter
Gross profit	`GrossProfit`	$212.50M	USD	2 Qtrs
Gross profit	`GrossProfit`	$235.40M	USD	2 Qtrs
Gross profit	`GrossProfit`	$104.76M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$10.71M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$20.62M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$10.59M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$21.38M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$131.50M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$107.11M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$53.31M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$64.44M	USD	1 Quarter
Provision for litigation	`LossContingencyAccrualProvision`	$3.06M	USD	2 Qtrs
Provision for litigation	`LossContingencyAccrualProvision`	$3.06M	USD	1 Quarter
Provision for litigation	`LossContingencyAccrualProvision`	$243.00K	USD	2 Qtrs
Provision for litigation	`LossContingencyAccrualProvision`	$243.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$1.81M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$3.59M	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$397.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$789.00K	USD	2 Qtrs
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$617.00K	USD	1 Quarter
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$-519.00K	USD	1 Quarter
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$155.00K	USD	2 Qtrs
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$1.00M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$77.82M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$157.72M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$66.84M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$131.73M	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$80.77M	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$77.69M	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$37.37M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$37.92M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$1.59M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$602.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$1.10M	USD	2 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$3.01M	USD	2 Qtrs
Foreign currency transaction gain/(loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$996.00K	USD	2 Qtrs
Foreign currency transaction gain/(loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$448.00K	USD	1 Quarter
Foreign currency transaction gain/(loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-309.00K	USD	1 Quarter
Foreign currency transaction gain/(loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-201.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$281.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$282.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$125.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$148.00K	USD	1 Quarter
Total other income, net	`OtherNonoperatingIncomeExpense`	$4.29M	USD	2 Qtrs
Total other income, net	`OtherNonoperatingIncomeExpense`	$1.18M	USD	2 Qtrs
Total other income, net	`OtherNonoperatingIncomeExpense`	$418.00K	USD	1 Quarter
Total other income, net	`OtherNonoperatingIncomeExpense`	$2.19M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$38.34M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$81.97M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$39.56M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$81.95M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$28.13M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$24.59M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$10.89M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$12.53M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$53.82M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$57.38M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$25.81M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$28.67M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.56	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.60	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.59	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.56	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	95.58M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	96.16M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	95.49M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	96.08M	shares	2 Qtrs
Dilutive stock options	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	1.66M	shares	1 Quarter
Dilutive stock options	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	868,000.00	shares	2 Qtrs
Dilutive stock options	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	841,000.00	shares	1 Quarter
Dilutive stock options	`IncrementalCommonSharesAttributableToShareBasedPaymentArrangements`	1.40M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	96.43M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	97.82M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	96.36M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	97.48M	shares	2 Qtrs
Anti-dilutive stock options excluded from weighted average calculation	`AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount`	5.47M	shares	1 Quarter
Anti-dilutive stock options excluded from weighted average calculation	`AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount`	3.89M	shares	2 Qtrs
Anti-dilutive stock options excluded from weighted average calculation	`AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount`	5.34M	shares	2 Qtrs
Anti-dilutive stock options excluded from weighted average calculation	`AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount`	2.02M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$53.82M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$57.38M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$25.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$28.67M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.70M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.93M	USD	2 Qtrs
Amortization of premium on marketable securities	`InvestmentIncomeAmortizationOfPremium`	$1.85M	USD	2 Qtrs
Amortization of premium on marketable securities	`InvestmentIncomeAmortizationOfPremium`	$2.08M	USD	2 Qtrs
Write-down for excess and obsolete inventories	`InventoryWriteDown`	$4.96M	USD	2 Qtrs
Write-down for excess and obsolete inventories	`InventoryWriteDown`	$4.54M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$5.69M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$7.06M	USD	2 Qtrs
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$148.00K	USD	2 Qtrs
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$958.00K	USD	2 Qtrs
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$811.00K	USD	2 Qtrs
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	-	USD	2 Qtrs
Change in deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-4.24M	USD	2 Qtrs
Change in deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.62M	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-14.88M	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$1.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.17M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.62M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.81M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$4.65M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.11M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-8.51M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.66M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.71M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-10.08M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-4.50M	USD	2 Qtrs
Income taxes payable/receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-6.83M	USD	2 Qtrs
Income taxes payable/receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-5.80M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$78.83M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$79.42M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$119.20M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$172.89M	USD	2 Qtrs
Maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$102.73M	USD	2 Qtrs
Maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$129.50M	USD	2 Qtrs
Sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$9.50M	USD	2 Qtrs
Sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$16.60M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$20.14M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.06M	USD	2 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$31.50M	USD	2 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-63.52M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.93M	USD	2 Qtrs
Payment of business acquisition liabilities	`PaymentOfBusinessAcquisitionLiabilities`	$400.00K	USD	2 Qtrs
Payment of business acquisition liabilities	`PaymentOfBusinessAcquisitionLiabilities`	$5.23M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$5.91M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.58M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.17M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$677.00K	USD	2 Qtrs
Effect of foreign exchange rate on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$119.00K	USD	2 Qtrs
Effect of foreign exchange rate on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$450.00K	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$17.03M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$35.19M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$149.67M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$95.34M	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`	$132.64M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$149.67M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$95.34M	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`	$132.64M	USD	Point-in-time
Interest paid	`InterestPaid`	$2.00K	USD	2 Qtrs
Interest paid	`InterestPaid`	$21.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$35.48M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$32.21M	USD	2 Qtrs

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$53.82M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$57.38M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$25.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$28.67M	USD	1 Quarter
Unrealized gain on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$143.00K	USD	2 Qtrs
Unrealized gain on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$284.00K	USD	2 Qtrs
Unrealized gain on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$23.00K	USD	1 Quarter
Unrealized gain on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$60.00K	USD	1 Quarter
Foreign currency translation gain/(loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$186.00K	USD	1 Quarter
Foreign currency translation gain/(loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-143.00K	USD	1 Quarter
Foreign currency translation gain/(loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-62.00K	USD	2 Qtrs
Foreign currency translation gain/(loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.63M	USD	2 Qtrs
Total other comprehensive income/(loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$209.00K	USD	1 Quarter
Total other comprehensive income/(loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.77M	USD	2 Qtrs
Total other comprehensive income/(loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$222.00K	USD	2 Qtrs
Total other comprehensive income/(loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-83.00K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$54.04M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$25.72M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$28.88M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$60.15M	USD	2 Qtrs

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