10-Q Filing

UBIQUITI INC. CIK: 1511737 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001511737-22-000010`
Period End Date	20211231
Filing Date	20220204
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	ubnt-20211231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 76 Cash Flow Statement 90 Stockholders Equity 49

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$47.00K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$55.00K	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`	$212.18M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$249.42M	USD	Point-in-time
Investments short-term	`ShortTermInvestments`	$1.32M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments short-term	`ShortTermInvestments`	$2.19M	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 $_____ 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
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`	$125.46M	USD	Point-in-time
Inventories	`InventoryNet`	$276.01M	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`	$233.77M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	62.04M	shares	Point-in-time
Vendor deposits	`VendorDepositsCurrent`	$20.01M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	62.58M	shares	Point-in-time
Vendor deposits	`VendorDepositsCurrent`	$36.63M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$5.30M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$51.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$17.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$672.36M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$694.16M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$79.06M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$80.04M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$62.20M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$40.01M	USD	Point-in-time
Deferred tax assets long-term	`DeferredIncomeTaxAssetsNet`	$4.55M	USD	Point-in-time
Deferred tax assets long-term	`DeferredIncomeTaxAssetsNet`	$4.78M	USD	Point-in-time
Investments long-term	`LongTermInvestments`	$1.09M	USD	Point-in-time
Investments long-term	`LongTermInvestments`	$1.03M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$71.95M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$70.61M	USD	Point-in-time
Total assets	`Assets`	$890.99M	USD	Point-in-time
Total assets	`Assets`	$890.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$106.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$112.07M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$8.39M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$14.50M	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`	$114.70M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$125.98M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$253.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$276.41M	USD	Point-in-time
Income taxes payable long-term	`AccruedIncomeTaxesNoncurrent`	$104.02M	USD	Point-in-time
Income taxes payable long-term	`AccruedIncomeTaxesNoncurrent`	$96.80M	USD	Point-in-time
Operating lease liabilities long-term	`OperatingLeaseLiabilityNoncurrent`	$52.93M	USD	Point-in-time
Operating lease liabilities long-term	`OperatingLeaseLiabilityNoncurrent`	$32.26M	USD	Point-in-time
Debt long-term	`LongTermDebtNoncurrent`	$467.03M	USD	Point-in-time
Debt long-term	`LongTermDebtNoncurrent`	$484.83M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.85M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$888.29M	USD	Point-in-time
Total liabilities	`Liabilities`	$895.03M	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`	$87.00K	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`	$7.00K	USD	Point-in-time
Retained earnings equity (deficit)	`RetainedEarningsAccumulatedDeficit`	$2.63M	USD	Point-in-time
Retained earnings equity (deficit)	`RetainedEarningsAccumulatedDeficit`	$-4.34M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-295.46M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$57.97M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-181.80M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-261.86M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-4.19M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$2.70M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$890.99M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$890.85M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$431.56M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$479.44M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$890.48M	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$952.97M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$506.32M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$248.76M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$494.18M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$256.87M	USD	1 Quarter
Gross profit	`GrossProfit`	$384.16M	USD	2 Qtrs
Gross profit	`GrossProfit`	$230.67M	USD	1 Quarter
Gross profit	`GrossProfit`	$458.79M	USD	2 Qtrs
Gross profit	`GrossProfit`	$174.70M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$28.91M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$32.87M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$64.92M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$54.73M	USD	2 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$32.15M	USD	2 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$10.95M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$16.44M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$23.30M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$39.86M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$97.07M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$78.03M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$49.31M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$125.39M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$380.76M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$190.81M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$287.09M	USD	2 Qtrs
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-2.72M	USD	1 Quarter
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-7.53M	USD	2 Qtrs
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-3.61M	USD	1 Quarter
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-6.53M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$187.20M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$373.23M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$122.67M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$280.56M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$44.76M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$57.06M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.02M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$27.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$316.18M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$159.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$103.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$132.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$235.80M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$156.51M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$2.54	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$3.78	USD	2 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$1.66	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$5.00	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.66	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$5.00	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$3.78	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$2.54	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	63.22M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	62.32M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	62.42M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	62.82M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.36M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.89M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.46M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	63.28M	shares	2 Qtrs
Unrealized gain (losses) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-5.00K	USD	2 Qtrs
Unrealized gain (losses) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$7.00K	USD	1 Quarter
Unrealized gain (losses) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$7.00K	USD	2 Qtrs
Unrealized gain (losses) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-4.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$7.00K	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-4.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$7.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-5.00K	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$316.17M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$235.81M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$159.66M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$103.66M	USD	1 Quarter

Cash Flow Statement 90 line items

Line Item	Tag	Value	Unit	Period
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.60	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.40	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.60	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.40	USD	1 Quarter
Net income	`NetIncomeLoss`	$316.18M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$159.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$103.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$132.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$235.80M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$156.51M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.27M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.55M	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$665.00K	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$968.00K	USD	2 Qtrs
Non-cash lease expense	`OperatingLeaseNonCashLeaseExpense`	$58.00K	USD	2 Qtrs
Non-cash lease expense	`OperatingLeaseNonCashLeaseExpense`	$1.06M	USD	2 Qtrs
Premium amortization and (discount accretion), net	`AmortizationOfDebtDiscountPremium`	$24.00K	USD	2 Qtrs
Premium amortization and (discount accretion), net	`AmortizationOfDebtDiscountPremium`	$3.00K	USD	2 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$1.40M	USD	2 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$133.00K	USD	2 Qtrs
Provision for loss on vendor deposits and purchase commitments	`ProvisionforGainLossonVendorDeposit`	$5.64M	USD	2 Qtrs
Provision for loss on vendor deposits and purchase commitments	`ProvisionforGainLossonVendorDeposit`	$5.50M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.63M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.49M	USD	2 Qtrs
Provisions for doubtful accounts	`ProvisionForDoubtfulAccounts`	$7.00K	USD	2 Qtrs
Provisions for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$228.00K	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$369.00K	USD	2 Qtrs
Recovery of impaired investment	`DebtSecuritiesAvailableForSaleRecoveries`	-	USD	2 Qtrs
Recovery of impaired investment	`DebtSecuritiesAvailableForSaleRecoveries`	$902.00K	USD	2 Qtrs
Change in unrealized loss on available-for-sale securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$-13.00K	USD	2 Qtrs
Change in unrealized loss on available-for-sale securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	-	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$280.00K	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-346.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-46.82M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$21.55M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-53.00M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$44.72M	USD	2 Qtrs
Vendor deposits	`IncreaseDecreaseinVendorDeposits`	$1.17M	USD	2 Qtrs
Vendor deposits	`IncreaseDecreaseinVendorDeposits`	$19.15M	USD	2 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$15.00K	USD	2 Qtrs
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$5.25M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.99M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.26M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.63M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-69.25M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-13.33M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-27.63M	USD	2 Qtrs
Deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.40M	USD	2 Qtrs
Deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	$5.95M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-15.90M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$47.42M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$196.12M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$308.95M	USD	2 Qtrs
Purchase of property and equipment and other long-term assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.87M	USD	2 Qtrs
Purchase of property and equipment and other long-term assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.49M	USD	2 Qtrs
Purchase of investments	`PaymentsToAcquireInvestments`	-	USD	2 Qtrs
Purchase of investments	`PaymentsToAcquireInvestments`	$802.00K	USD	2 Qtrs
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$750.00K	USD	2 Qtrs
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$922.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.54M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.95M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$168.29M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$152.65M	USD	2 Qtrs
Payment of common stock cash dividends	`PaymentsOfDividends`	$74.94M	USD	2 Qtrs
Payment of common stock cash dividends	`PaymentsOfDividends`	$50.59M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$43.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$51.00K	USD	2 Qtrs
Tax withholdings related to net share settlements of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$816.00K	USD	2 Qtrs
Tax withholdings related to net share settlements of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.13M	USD	2 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-251.50M	USD	2 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-226.82M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-37.24M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$46.50M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$212.18M	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`	$189.11M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$142.62M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$212.18M	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`	$189.11M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$142.62M	USD	Point-in-time
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$62.68M	USD	2 Qtrs
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$84.43M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$6.50M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$4.82M	USD	2 Qtrs
Right-of-use asset recognized	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$18.63M	USD	2 Qtrs
Right-of-use asset recognized	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$27.27M	USD	2 Qtrs
Unpaid property and equipment and other long-term assets	`CapitalExpendituresIncurredButNotYetPaid`	$380.00K	USD	2 Qtrs
Unpaid property and equipment and other long-term assets	`CapitalExpendituresIncurredButNotYetPaid`	$469.00K	USD	2 Qtrs

Stockholders Equity 49 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	62.04M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	62.58M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$-295.46M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$57.97M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-181.80M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-261.86M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-4.19M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.70M	USD	Point-in-time
Net Income	`NetIncomeLoss`	$316.18M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$159.67M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$103.65M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$132.15M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$235.80M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$156.51M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$7.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-4.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$7.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-5.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.00K	USD	1 Quarter
Stock options exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	4,189.00	shares	2 Qtrs
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$21.00K	USD	1 Quarter
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$36.00K	USD	1 Quarter
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$17.00K	USD	1 Quarter
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$22.00K	USD	1 Quarter
Restricted stock units issued, net of tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-201.00K	USD	1 Quarter
Restricted stock units issued, net of tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-615.00K	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`	$-181.00K	USD	1 Quarter
Repurchases of Common Stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$55.06M	USD	1 Quarter
Repurchases of Common Stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$129.04M	USD	1 Quarter
Repurchases of Common Stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$39.25M	USD	1 Quarter
Repurchases of Common Stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$97.59M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$740.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$819.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$810.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$750.00K	USD	1 Quarter
Dividends Paid on Common Stock	`DividendsCommonStockCash`	$37.50M	USD	1 Quarter
Dividends Paid on Common Stock	`DividendsCommonStockCash`	$25.11M	USD	1 Quarter
Dividends Paid on Common Stock	`DividendsCommonStockCash`	$37.45M	USD	1 Quarter
Dividends Paid on Common Stock	`DividendsCommonStockCash`	$25.47M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	62.04M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	62.58M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$-295.46M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$57.97M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-181.80M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-261.86M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-4.19M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.70M	USD	Point-in-time

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