10-Q Filing

UBIQUITI INC. CIK: 1511737 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001511737-21-000050`
Period End Date	20210930
Filing Date	20211105
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	ubnt-20210930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 36 Cash Flow Statement 82 Stockholders Equity 27

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$54.00K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$47.00K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$249.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$265.93M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments short-term	`ShortTermInvestments`	$1.07M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments short-term	`ShortTermInvestments`	$1.32M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $_____ and $47 at September 30, 2021 and June 30, 2021, respectively	`AccountsReceivableNetCurrent`	$173.93M	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 $_____ and $47 at September 30, 2021 and June 30, 2021, respectively	`AccountsReceivableNetCurrent`	$172.29M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$233.77M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Inventories	`InventoryNet`	$261.59M	USD	Point-in-time
Vendor deposits	`VendorDepositsCurrent`	$20.01M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	62.46M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	62.58M	shares	Point-in-time
Vendor deposits	`VendorDepositsCurrent`	$38.68M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$51.00K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$3.75M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$35.38M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$17.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$694.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$780.33M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$79.06M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$79.61M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$40.01M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$61.66M	USD	Point-in-time
Deferred tax assets long-term	`DeferredIncomeTaxAssetsNet`	$4.75M	USD	Point-in-time
Deferred tax assets long-term	`DeferredIncomeTaxAssetsNet`	$4.78M	USD	Point-in-time
Investments long-term	`LongTermInvestments`	$1.29M	USD	Point-in-time
Investments long-term	`LongTermInvestments`	$1.03M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$71.02M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$71.95M	USD	Point-in-time
Total assets	`Assets`	$890.99M	USD	Point-in-time
Total assets	`Assets`	$998.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$112.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$124.64M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$14.50M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$40.01M	USD	Point-in-time
Debt short-term	`ShortTermBorrowings`	$23.86M	USD	Point-in-time
Debt short-term	`ShortTermBorrowings`	$23.86M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$125.98M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$134.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$322.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$276.41M	USD	Point-in-time
Income taxes payable long-term	`AccruedIncomeTaxesNoncurrent`	$95.91M	USD	Point-in-time
Income taxes payable long-term	`AccruedIncomeTaxesNoncurrent`	$104.02M	USD	Point-in-time
Operating lease liabilities long-term	`OperatingLeaseLiabilityNoncurrent`	$53.27M	USD	Point-in-time
Operating lease liabilities long-term	`OperatingLeaseLiabilityNoncurrent`	$32.26M	USD	Point-in-time
Debt long-term	`LongTermDebtNoncurrent`	$460.93M	USD	Point-in-time
Debt long-term	`LongTermDebtNoncurrent`	$467.03M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.56M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$888.29M	USD	Point-in-time
Total liabilities	`Liabilities`	$940.68M	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`	$63.00K	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`	$62.00K	USD	Point-in-time
Additional paidin capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paidin capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Retained earnings equity	`RetainedEarningsAccumulatedDeficit`	$57.91M	USD	Point-in-time
Retained earnings equity	`RetainedEarningsAccumulatedDeficit`	$2.63M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.70M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-295.46M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$57.97M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-261.86M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$890.99M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$998.66M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$458.91M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$473.53M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$249.45M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$245.42M	USD	1 Quarter
Gross profit	`GrossProfit`	$209.46M	USD	1 Quarter
Gross profit	`GrossProfit`	$228.12M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$25.81M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$32.05M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$15.71M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$12.35M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$47.77M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$38.16M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$161.70M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$189.95M	USD	1 Quarter
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-3.81M	USD	1 Quarter
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-3.92M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$157.88M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$186.04M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$25.73M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$29.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$132.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$156.51M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$2.11	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$2.46	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$2.46	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$2.11	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	62.52M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	63.61M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.56M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	63.67M	shares	1 Quarter
Unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-1.00K	USD	1 Quarter
Unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-1.00K	USD	1 Quarter
Other Comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.00K	USD	1 Quarter
Other Comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$132.15M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$156.51M	USD	1 Quarter

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$11.96M	USD	1 Quarter
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$26.06M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$3.23M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$2.50M	USD	1 Quarter
Right-of-use asset recognized	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$24.34M	USD	1 Quarter
Right-of-use asset recognized	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$2.53M	USD	1 Quarter
Unpaid stock repurchases	`UnpaidStockRepurchases`	$2.50M	USD	1 Quarter
Unpaid stock repurchases	`UnpaidStockRepurchases`	$13.66M	USD	1 Quarter
Unpaid property and equipment and other long-term assets	`CapitalExpendituresIncurredButNotYetPaid`	$133.00K	USD	1 Quarter
Unpaid property and equipment and other long-term assets	`CapitalExpendituresIncurredButNotYetPaid`	$580.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$132.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$156.51M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.24M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.63M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$464.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$332.00K	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseNonCashLeaseExpense`	$64.00K	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseNonCashLeaseExpense`	$609.00K	USD	1 Quarter
Premium amortization and (discount accretion), net	`AmortizationOfDebtDiscountPremium`	$2.00K	USD	1 Quarter
Premium amortization and (discount accretion), net	`AmortizationOfDebtDiscountPremium`	$12.00K	USD	1 Quarter
Provision for inventory obsolescence	`InventoryWriteDown`	$64.00K	USD	1 Quarter
Provision for inventory obsolescence	`InventoryWriteDown`	$180.00K	USD	1 Quarter
Provision for loss on vendor deposits and purchase commitments	`ProvisionforGainLossonVendorDeposit`	$2.25M	USD	1 Quarter
Provision for loss on vendor deposits and purchase commitments	`ProvisionforGainLossonVendorDeposit`	$2.55M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$810.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$740.00K	USD	1 Quarter
Provisions for doubtful accounts	`ProvisionForDoubtfulAccounts`	$8.00K	USD	1 Quarter
Provisions for doubtful accounts	`ProvisionForDoubtfulAccounts`	$7.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$420.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$23.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-291.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-104.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.65M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$53.87M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$27.59M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-29.96M	USD	1 Quarter
Vendor deposits	`IncreaseDecreaseinVendorDeposits`	$20.33M	USD	1 Quarter
Vendor deposits	`IncreaseDecreaseinVendorDeposits`	$-579.00K	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-1.00K	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$3.70M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$17.70M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.92M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-86.56M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$9.73M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$17.40M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.15M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	$3.07M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	$577.00K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$4.59M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$60.68M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$116.96M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$100.94M	USD	1 Quarter
Purchase of property and equipment and other long-term assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.84M	USD	1 Quarter
Purchase of property and equipment and other long-term assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.97M	USD	1 Quarter
Advance of loan to third party	`PaymentsToAcquireEquityMethodInvestments`	$2.50M	USD	1 Quarter
Advance of loan to third party	`PaymentsToAcquireEquityMethodInvestments`	-	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireInvestments`	$569.00K	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireInvestments`	-	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$550.00K	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$422.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.99M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.91M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$36.75M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$83.93M	USD	1 Quarter
Payment of common stock cash dividends	`PaymentsOfDividends`	$37.50M	USD	1 Quarter
Payment of common stock cash dividends	`PaymentsOfDividends`	$25.47M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$21.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Tax withholdings related to net share settlements of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$935.00K	USD	1 Quarter
Tax withholdings related to net share settlements of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$615.00K	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-81.44M	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-126.24M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$16.51M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-14.19M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$142.62M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$265.93M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$249.42M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$128.43M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$142.62M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$265.93M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$249.42M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$128.43M	USD	Point-in-time

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	62.46M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	62.58M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$2.70M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-295.46M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$57.97M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-261.86M	USD	Point-in-time
Net Income	`NetIncomeLoss`	$132.15M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$156.51M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.00K	USD	1 Quarter
Stock options exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	1,605.00	shares	1 Quarter
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$21.00K	USD	1 Quarter
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$17.00K	USD	1 Quarter
Restricted stock units issued, net of tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-952.00K	USD	1 Quarter
Restricted stock units issued, net of tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-615.00K	USD	1 Quarter
Repurchases of Common Stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$97.59M	USD	1 Quarter
Repurchases of Common Stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$39.25M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$740.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$810.00K	USD	1 Quarter
Dividends Paid on Common Stock	`DividendsCommonStockCash`	$37.50M	USD	1 Quarter
Dividends Paid on Common Stock	`DividendsCommonStockCash`	$25.47M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	62.46M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	62.58M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$2.70M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-295.46M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$57.97M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-261.86M	USD	Point-in-time

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