10-Q Filing

UBIQUITI INC. CIK: 1511737 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001511737-22-000068`
Period End Date	20220930
Filing Date	20221104
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	ubnt-20220930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 36 Cash Flow Statement 76 Stockholders Equity 27

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$52.00K	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
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`	$136.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.22M	USD	Point-in-time
Investments short-term	`ShortTermInvestments`	$378.00K	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments short-term	`ShortTermInvestments`	$427.00K	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	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 $55 and $52 at September 30, 2022 and June 30, 2022, respectively	`AccountsReceivableNetCurrent`	$119.63M	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 $55 and $52 at September 30, 2022 and June 30, 2022, respectively	`AccountsReceivableNetCurrent`	$147.57M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Inventories	`InventoryNet`	$354.66M	USD	Point-in-time
Inventories	`InventoryNet`	$262.44M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	60.42M	shares	Point-in-time
Vendor deposits	`VendorDepositsCurrent`	$58.37M	USD	Point-in-time
Vendor deposits	`VendorDepositsCurrent`	$89.66M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	60.43M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.19M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$621.57M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$711.56M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$80.23M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$85.17M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$64.23M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$61.63M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$6.62M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$6.48M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$72.40M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$72.06M	USD	Point-in-time
Total assets	`Assets`	$844.71M	USD	Point-in-time
Total assets	`Assets`	$937.24M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$93.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$83.66M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$14.06M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$35.13M	USD	Point-in-time
Debt short-term	`ShortTermBorrowings`	$24.41M	USD	Point-in-time
Debt short-term	`ShortTermBorrowings`	$23.86M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$189.36M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$207.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$361.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$310.95M	USD	Point-in-time
Income taxes payable long-term	`AccruedIncomeTaxesNoncurrent`	$94.17M	USD	Point-in-time
Income taxes payable long-term	`AccruedIncomeTaxesNoncurrent`	$77.55M	USD	Point-in-time
Operating lease liabilities long-term	`OperatingLeaseLiabilityNoncurrent`	$51.65M	USD	Point-in-time
Operating lease liabilities long-term	`OperatingLeaseLiabilityNoncurrent`	$54.02M	USD	Point-in-time
Debt long-term	`LongTermDebtNoncurrent`	$762.62M	USD	Point-in-time
Debt long-term	`LongTermDebtNoncurrent`	$766.02M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.82M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.23B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.26B	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: 60,428,811 and 60,420,525 outstanding as of September 30, 2022 and June 30, 2022, respectively	`CommonStockValue`	$60.00K	USD	Point-in-time
Common stock$0.001 par value; 500,000,000 shares authorized: 60,428,811 and 60,420,525 outstanding as of September 30, 2022 and June 30, 2022, respectively	`CommonStockValue`	$60.00K	USD	Point-in-time
Additional paidin capital	`AdditionalPaidInCapital`	$650.00K	USD	Point-in-time
Additional paidin capital	`AdditionalPaidInCapital`	$1.18M	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-474.00K	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-523.00K	USD	Point-in-time
Retained (deficit)	`RetainedEarningsAccumulatedDeficit`	$-383.11M	USD	Point-in-time
Retained (deficit)	`RetainedEarningsAccumulatedDeficit`	$-326.19M	USD	Point-in-time
Total stockholders (deficit)	`StockholdersEquity`	$-325.47M	USD	Point-in-time
Total stockholders (deficit)	`StockholdersEquity`	$-382.88M	USD	Point-in-time
Total stockholders (deficit)	`StockholdersEquity`	$57.97M	USD	Point-in-time
Total stockholders (deficit)	`StockholdersEquity`	$2.70M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$937.24M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$844.71M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$498.08M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$458.91M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$326.71M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$249.45M	USD	1 Quarter
Gross profit	`GrossProfit`	$171.37M	USD	1 Quarter
Gross profit	`GrossProfit`	$209.46M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$32.66M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$32.05M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$16.70M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$15.71M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$49.35M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$47.77M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$161.70M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$122.01M	USD	1 Quarter
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-3.81M	USD	1 Quarter
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-10.65M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$111.36M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$157.88M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$18.18M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$25.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$132.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.18M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$2.11	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$1.54	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$2.11	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.54	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	62.52M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	60.43M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.56M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.45M	shares	1 Quarter
Unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-1.00K	USD	1 Quarter
Unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-49.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-49.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$93.13M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$132.15M	USD	1 Quarter

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$132.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.24M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.69M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$321.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$332.00K	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseNonCashLeaseExpense`	$172.00K	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseNonCashLeaseExpense`	$609.00K	USD	1 Quarter
Provision for inventory obsolescence	`InventoryWriteDown`	$1.58M	USD	1 Quarter
Provision for inventory obsolescence	`InventoryWriteDown`	$64.00K	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`	$-2.09M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.05M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$810.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$135.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$23.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-564.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-123.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$27.94M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.65M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$27.59M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$94.24M	USD	1 Quarter
Vendor deposits	`IncreaseDecreaseinVendorDeposits`	$20.33M	USD	1 Quarter
Vendor deposits	`IncreaseDecreaseinVendorDeposits`	$-30.39M	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$3.70M	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$36.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.67M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$17.70M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$10.41M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$9.73M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$17.40M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$4.45M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.74M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	$577.00K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$23.77M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$4.59M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$100.94M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$41.98M	USD	1 Quarter
Purchase of property and equipment and other long-term assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.97M	USD	1 Quarter
Purchase of property and equipment and other long-term assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.66M	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`	-	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$550.00K	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.66M	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.99M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$36.75M	USD	1 Quarter
Payment of common stock cash dividends	`PaymentsOfDividends`	$37.50M	USD	1 Quarter
Payment of common stock cash dividends	`PaymentsOfDividends`	$36.26M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$23.00K	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`	$544.00K	USD	1 Quarter
Tax withholdings related to net share settlements of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$935.00K	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-33.03M	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-81.44M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$16.51M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$295.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$136.52M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$136.22M	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`	$265.93M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$136.52M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$136.22M	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`	$265.93M	USD	Point-in-time
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$11.96M	USD	1 Quarter
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$13.78M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$6.74M	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`	$236.00K	USD	1 Quarter
Unpaid stock repurchases	`UnpaidStockRepurchases`	-	USD	1 Quarter
Unpaid stock repurchases	`UnpaidStockRepurchases`	$2.50M	USD	1 Quarter
Unpaid property and equipment and other long-term assets	`CapitalExpendituresIncurredButNotYetPaid`	$580.00K	USD	1 Quarter
Unpaid property and equipment and other long-term assets	`CapitalExpendituresIncurredButNotYetPaid`	$421.00K	USD	1 Quarter

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.60	USD	1 Quarter
Beginning balance (in shares)	`CommonStockSharesOutstanding`	60.42M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	60.43M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$-325.47M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-382.88M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$57.97M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.70M	USD	Point-in-time
Net Income	`NetIncomeLoss`	$132.15M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$93.18M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-49.00K	USD	1 Quarter
Stock options exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	2,112.00	shares	1 Quarter
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$17.00K	USD	1 Quarter
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$23.00K	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`	$-544.00K	USD	1 Quarter
Repurchases of Common Stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$39.25M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$810.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.05M	USD	1 Quarter
Dividends Paid on Common Stock	`DividendsCommonStockCash`	$36.26M	USD	1 Quarter
Dividends Paid on Common Stock	`DividendsCommonStockCash`	$37.50M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	60.42M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	60.43M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$-325.47M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-382.88M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$57.97M	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.