10-Q Filing

UBIQUITI INC. CIK: 1511737 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001511737-20-000006`
Period End Date	20191231
Filing Date	20200207
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	ubnt-20191231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 80 Cash Flow Statement 100 Stockholders Equity 49

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$431.00K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$203.00K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$238.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$100.00M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Investments short-term	`ShortTermInvestments`	$69.87M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments short-term	`ShortTermInvestments`	$15.89M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $431 and $203 at December 31, 2019 and June 30, 2019, respectively	`AccountsReceivableNetCurrent`	$147.08M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $431 and $203 at December 31, 2019 and June 30, 2019, respectively	`AccountsReceivableNetCurrent`	$156.04M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Inventories	`InventoryNet`	$264.28M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Inventories	`InventoryNet`	$248.59M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	69.47M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	64.88M	shares	Point-in-time
Vendor deposits	`VendorDepositsCurrent`	$6.69M	USD	Point-in-time
Vendor deposits	`VendorDepositsCurrent`	$11.61M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$2.00K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$23.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.84M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.12M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$753.81M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$529.36M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$13.62M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$15.24M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$24.42M	USD	Point-in-time
Deferred tax assets long-term	`DeferredIncomeTaxAssetsNet`	$2.91M	USD	Point-in-time
Deferred tax assets long-term	`DeferredIncomeTaxAssetsNet`	$2.99M	USD	Point-in-time
Investments long-term	`LongTermInvestments`	$10.33M	USD	Point-in-time
Investments long-term	`LongTermInvestments`	$31.59M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$73.94M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$84.75M	USD	Point-in-time
Total assets	`Assets`	$875.87M	USD	Point-in-time
Total assets	`Assets`	$667.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$70.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$38.72M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$10.42M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$25.56M	USD	Point-in-time
Debt short-term	`ShortTermBorrowings`	$24.07M	USD	Point-in-time
Debt short-term	`ShortTermBorrowings`	$30.68M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$84.23M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$99.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$179.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$204.69M	USD	Point-in-time
Income taxes payable long-term	`AccruedIncomeTaxesNoncurrent`	$124.26M	USD	Point-in-time
Income taxes payable long-term	`AccruedIncomeTaxesNoncurrent`	$114.99M	USD	Point-in-time
Operating lease liabilities long-term	`OperatingLeaseLiabilityNoncurrent`	$18.07M	USD	Point-in-time
Debt long-term	`LongTermDebtNoncurrent`	$464.70M	USD	Point-in-time
Debt long-term	`LongTermDebtNoncurrent`	$615.46M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.44M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$959.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$776.59M	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock$0.001 par value; 50,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock$0.001 par value; 50,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock$0.001 par value; 500,000,000 shares authorized: [___] and 69,472,568 outstanding as of December 31, 2019 and June 30, 2019, respectively	`CommonStockValue`	$69.00K	USD	Point-in-time
Common stock$0.001 par value; 500,000,000 shares authorized: [___] and 69,472,568 outstanding as of December 31, 2019 and June 30, 2019, respectively	`CommonStockValue`	$65.00K	USD	Point-in-time
Additional paidin capital	`AdditionalPaidInCapital`	$465.00K	USD	Point-in-time
Additional paidin capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$393.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$68.00K	USD	Point-in-time
Retained (deficit) earnings	`RetainedEarningsAccumulatedDeficit`	$98.81M	USD	Point-in-time
Retained (deficit) earnings	`RetainedEarningsAccumulatedDeficit`	$-292.70M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$99.28M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$125.34M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$315.75M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-239.43M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-292.11M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$270.64M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$875.87M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$667.09M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$631.56M	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$307.28M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$308.28M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$590.18M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$163.20M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$335.08M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$167.04M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$318.34M	USD	2 Qtrs
Gross profit	`GrossProfit`	$271.84M	USD	2 Qtrs
Gross profit	`GrossProfit`	$296.48M	USD	2 Qtrs
Gross profit	`GrossProfit`	$145.09M	USD	1 Quarter
Gross profit	`GrossProfit`	$140.23M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$19.98M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$38.20M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$44.29M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$24.04M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$9.00M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$10.60M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$24.36M	USD	2 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$19.45M	USD	2 Qtrs
Litigation settlement	`LegalFees`	-	USD	1 Quarter
Litigation settlement	`LegalFees`	$18.00M	USD	2 Qtrs
Litigation settlement	`LegalFees`	$18.00M	USD	1 Quarter
Litigation settlement	`LegalFees`	-	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$48.57M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$33.04M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$63.74M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$80.56M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$191.28M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$112.05M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$91.66M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$232.74M	USD	2 Qtrs
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-5.74M	USD	2 Qtrs
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-3.21M	USD	1 Quarter
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-16.74M	USD	2 Qtrs
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-12.09M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$88.44M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$185.54M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$216.00M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$99.96M	USD	1 Quarter
Provisions for income taxes	`IncomeTaxExpenseBenefit`	$14.15M	USD	1 Quarter
Provisions for income taxes	`IncomeTaxExpenseBenefit`	$32.04M	USD	2 Qtrs
Provisions for income taxes	`IncomeTaxExpenseBenefit`	$22.04M	USD	2 Qtrs
Provisions for income taxes	`IncomeTaxExpenseBenefit`	$10.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$183.96M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$85.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$77.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$163.50M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$98.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$85.81M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$2.76	USD	2 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$1.09	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$1.32	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$2.26	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$2.75	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$2.25	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.32	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.09	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	71.22M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	64.97M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	66.68M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	72.50M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	71.41M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	66.78M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.07M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	72.69M	shares	2 Qtrs
Unrealized (losses) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-325.00K	USD	2 Qtrs
Unrealized (losses) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-2.00K	USD	1 Quarter
Unrealized (losses) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-148.00K	USD	2 Qtrs
Unrealized (losses) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-172.00K	USD	1 Quarter
Other comprehensive (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-153.00K	USD	1 Quarter
Other comprehensive (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-148.00K	USD	2 Qtrs
Other comprehensive (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-172.00K	USD	1 Quarter
Other comprehensive (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.00K	USD	1 Quarter
Other comprehensive (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-146.00K	USD	1 Quarter
Other comprehensive (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-325.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$183.63M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$77.79M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$163.35M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$85.64M	USD	1 Quarter

Cash Flow Statement 100 line items

Line Item	Tag	Value	Unit	Period
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.25	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.30	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.30	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.25	USD	1 Quarter
Net income	`NetIncomeLoss`	$183.96M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$85.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$77.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$163.50M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$98.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$85.81M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.67M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.55M	USD	2 Qtrs
Impairment of cost based investment	`CostmethodInvestmentsOtherThanTemporaryImpairment`	-	USD	2 Qtrs
Impairment of cost based investment	`CostmethodInvestmentsOtherThanTemporaryImpairment`	$5.00M	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$562.00K	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$809.00K	USD	2 Qtrs
Non-cash lease expense	`OperatingLeaseNonCashLeaseExpense`	$952.00K	USD	2 Qtrs
Premium amortization and (discount accretion), net	`AmortizationOfDebtDiscountPremium`	$-72.00K	USD	2 Qtrs
Premium amortization and (discount accretion), net	`AmortizationOfDebtDiscountPremium`	$-356.00K	USD	2 Qtrs
Write off unamortized debt issuance costs	`WriteOffOfDeferredDebtIssuanceCost`	-	USD	2 Qtrs
Write off unamortized debt issuance costs	`WriteOffOfDeferredDebtIssuanceCost`	$105.00K	USD	2 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$4.49M	USD	2 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$936.00K	USD	2 Qtrs
Provision/(recovery) for loss on vendor deposits and purchase commitments	`ProvisionforGainLossonVendorDeposit`	$-431.00K	USD	2 Qtrs
Provision/(recovery) for loss on vendor deposits and purchase commitments	`ProvisionforGainLossonVendorDeposit`	$2.21M	USD	2 Qtrs
Provisions for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-64.00K	USD	2 Qtrs
Provisions for doubtful accounts	`ProvisionForDoubtfulAccounts`	$228.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.42M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.55M	USD	2 Qtrs
Deferred Taxes	`DeferredIncomeTaxExpenseBenefit`	$-83.00K	USD	2 Qtrs
Deferred Taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-105.00K	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$78.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.73M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-258.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$154.47M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-11.31M	USD	2 Qtrs
Vendor deposits	`IncreaseDecreaseinVendorDeposits`	$-15.36M	USD	2 Qtrs
Vendor deposits	`IncreaseDecreaseinVendorDeposits`	$-4.36M	USD	2 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-21.00K	USD	2 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	-	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.36M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.19M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$32.24M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$122.47M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-4.63M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-24.41M	USD	2 Qtrs
Deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	$958.00K	USD	2 Qtrs
Deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	$6.26M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$4.15M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-14.19M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$243.34M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$144.58M	USD	2 Qtrs
Purchase of property and equipment and other long-term assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.18M	USD	2 Qtrs
Purchase of property and equipment and other long-term assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.61M	USD	2 Qtrs
Private equity investment	`PaymentsToAcquireEquityMethodInvestments`	-	USD	2 Qtrs
Private equity investment	`PaymentsToAcquireEquityMethodInvestments`	$5.00M	USD	2 Qtrs
Deposits on aircraft	`PaymentForDepositOnLongTermAsset`	-	USD	2 Qtrs
Deposits on aircraft	`PaymentForDepositOnLongTermAsset`	$15.00M	USD	2 Qtrs
Purchase of investments	`PaymentsToAcquireInvestments`	$25.03M	USD	2 Qtrs
Purchase of investments	`PaymentsToAcquireInvestments`	$167.82M	USD	2 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$90.28M	USD	2 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$7.60M	USD	2 Qtrs
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$14.72M	USD	2 Qtrs
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$10.25M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$55.31M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-156.11M	USD	2 Qtrs
Debt Issuance Costs	`PaymentsOfDebtIssuanceCosts`	$3.14M	USD	2 Qtrs
Debt Issuance Costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$538.01M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$313.08M	USD	2 Qtrs
Payment of common stock cash dividends	`PaymentsOfDividends`	$36.14M	USD	2 Qtrs
Payment of common stock cash dividends	`PaymentsOfDividends`	$40.13M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$127.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$380.00K	USD	2 Qtrs
Tax withholdings related to net share settlements of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$479.00K	USD	2 Qtrs
Tax withholdings related to net share settlements of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$640.00K	USD	2 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-436.79M	USD	2 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-361.82M	USD	2 Qtrs
Net (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-138.14M	USD	2 Qtrs
Net (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-373.35M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$238.15M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$666.68M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$293.33M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$238.15M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$666.68M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$293.33M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.00M	USD	Point-in-time
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$56.62M	USD	2 Qtrs
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$26.44M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$11.53M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$13.29M	USD	2 Qtrs
Right-of-use asset recognized	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$4.74M	USD	2 Qtrs
Unpaid stock repurchases	`UnpaidStockRepurchases`	-	USD	2 Qtrs
Unpaid stock repurchases	`UnpaidStockRepurchases`	$6.00M	USD	2 Qtrs
Unpaid property and equipment and other long-term assets	`CapitalExpendituresIncurredButNotYetPaid`	$36.00K	USD	2 Qtrs
Unpaid property and equipment and other long-term assets	`CapitalExpendituresIncurredButNotYetPaid`	$466.00K	USD	2 Qtrs
Net unsettled investment purchases (sales and maturities)	`TransferToInvestments`	$74.00K	USD	2 Qtrs
Net unsettled investment purchases (sales and maturities)	`TransferToInvestments`	$517.00K	USD	2 Qtrs

Stockholders Equity 49 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	69.47M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	64.88M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$99.28M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$125.34M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$315.75M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-239.43M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-292.11M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$270.64M	USD	Point-in-time
Net Income	`NetIncomeLoss`	$183.96M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$85.70M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$77.80M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$163.50M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$98.15M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$85.81M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-153.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-148.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-172.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-146.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-325.00K	USD	2 Qtrs
Stock options exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	17,870.00	shares	2 Qtrs
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$124.00K	USD	1 Quarter
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.00K	USD	1 Quarter
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$194.00K	USD	1 Quarter
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$186.00K	USD	1 Quarter
Restricted stock units issued, net of tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-139.00K	USD	1 Quarter
Restricted stock units issued, net of tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-114.00K	USD	1 Quarter
Restricted stock units issued, net of tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-365.00K	USD	1 Quarter
Restricted stock units issued, net of tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-501.00K	USD	1 Quarter
Repurchases of Common Stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$206.31M	USD	1 Quarter
Repurchases of Common Stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$112.76M	USD	1 Quarter
Repurchases of Common Stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$416.22M	USD	1 Quarter
Repurchases of Common Stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$119.57M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$779.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$730.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$689.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$775.00K	USD	1 Quarter
Dividends Paid on Common Stock	`DividendsCommonStockCash`	$20.67M	USD	1 Quarter
Dividends Paid on Common Stock	`DividendsCommonStockCash`	$19.46M	USD	1 Quarter
Dividends Paid on Common Stock	`DividendsCommonStockCash`	$18.51M	USD	1 Quarter
Dividends Paid on Common Stock	`DividendsCommonStockCash`	$17.63M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	69.47M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	64.88M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$99.28M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$125.34M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$315.75M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-239.43M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-292.11M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$270.64M	USD	Point-in-time

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