10-Q Filing

UBIQUITI INC. CIK: 1511737 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001511737-23-000012`
Period End Date	20221231
Filing Date	20230203
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	ubnt-20221231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 75 Cash Flow Statement 84 Stockholders Equity 51

Balance Sheet 78 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.22M	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`	$159.50M	USD	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
Investments short-term	`ShortTermInvestments`	$162.00K	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 $55 and $52 at December 31, 2022 and June 30, 2022, respectively	`AccountsReceivableNetCurrent`	$151.94M	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 $55 and $52 at December 31, 2022 and June 30, 2022, respectively	`AccountsReceivableNetCurrent`	$119.63M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Inventories	`InventoryNet`	$262.44M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Inventories	`InventoryNet`	$644.13M	USD	Point-in-time
Vendor deposits	`VendorDepositsCurrent`	$89.66M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	60.42M	shares	Point-in-time
Vendor deposits	`VendorDepositsCurrent`	$68.00M	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`	$20.92M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.04B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$621.57M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$80.23M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$86.35M	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`	$58.95M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$6.49M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$6.62M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$72.06M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$72.21M	USD	Point-in-time
Total assets	`Assets`	$844.71M	USD	Point-in-time
Total assets	`Assets`	$1.27B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$83.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$244.69M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$7.05M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$14.06M	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`	$238.45M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$189.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$514.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$310.95M	USD	Point-in-time
Income taxes payable long-term	`AccruedIncomeTaxesNoncurrent`	$76.83M	USD	Point-in-time
Income taxes payable long-term	`AccruedIncomeTaxesNoncurrent`	$94.17M	USD	Point-in-time
Operating lease liabilities long-term	`OperatingLeaseLiabilityNoncurrent`	$49.07M	USD	Point-in-time
Operating lease liabilities long-term	`OperatingLeaseLiabilityNoncurrent`	$54.02M	USD	Point-in-time
Debt long-term	`LongTermDebtNoncurrent`	$869.92M	USD	Point-in-time
Debt long-term	`LongTermDebtNoncurrent`	$762.62M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.82M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.19M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.23B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.52B	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`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`	$2.23M	USD	Point-in-time
Additional paidin capital	`AdditionalPaidInCapital`	$650.00K	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-474.00K	USD	Point-in-time
Retained (deficit)	`RetainedEarningsAccumulatedDeficit`	$-250.24M	USD	Point-in-time
Retained (deficit)	`RetainedEarningsAccumulatedDeficit`	$-383.11M	USD	Point-in-time
Total stockholders (deficit)	`StockholdersEquity`	$-247.95M	USD	Point-in-time
Total stockholders (deficit)	`StockholdersEquity`	$-325.47M	USD	Point-in-time
Total stockholders (deficit)	`StockholdersEquity`	$-4.19M	USD	Point-in-time
Total stockholders (deficit)	`StockholdersEquity`	$-382.88M	USD	Point-in-time
Total stockholders (deficit)	`StockholdersEquity`	$2.70M	USD	Point-in-time
Total stockholders (deficit)	`StockholdersEquity`	$57.97M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.27B	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$844.71M	USD	Point-in-time

Income Statement 75 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$431.56M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$493.57M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$890.48M	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$991.65M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$256.87M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$296.01M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$506.32M	USD	2 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$622.73M	USD	2 Qtrs
Gross profit	`GrossProfit`	$197.56M	USD	1 Quarter
Gross profit	`GrossProfit`	$368.93M	USD	2 Qtrs
Gross profit	`GrossProfit`	$384.16M	USD	2 Qtrs
Gross profit	`GrossProfit`	$174.70M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$33.77M	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`	$66.42M	USD	2 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$16.44M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$35.34M	USD	2 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$32.15M	USD	2 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$18.64M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$97.07M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$101.76M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$52.41M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$49.31M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$125.39M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$267.17M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$287.09M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$145.15M	USD	1 Quarter
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-2.72M	USD	1 Quarter
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-6.53M	USD	2 Qtrs
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-11.27M	USD	1 Quarter
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-21.92M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$133.88M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$245.24M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$280.56M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$122.67M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$39.86M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$44.76M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$21.68M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$235.80M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$205.39M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$93.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$103.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$132.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$112.20M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$1.66	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$3.78	USD	2 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$1.86	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$3.40	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$3.78	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$3.40	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.66	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.86	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	60.43M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	62.42M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	60.43M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	62.32M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.45M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.36M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.46M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.45M	shares	2 Qtrs
Unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$7.00K	USD	2 Qtrs
Unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$7.00K	USD	1 Quarter
Unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$7.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$7.00K	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$103.66M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$235.81M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$112.20M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$205.39M	USD	2 Qtrs

Cash Flow Statement 84 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$235.80M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$205.39M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$93.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$103.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$132.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$112.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.64M	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`	$654.00K	USD	2 Qtrs
Non-cash lease expense	`OperatingLeaseNonCashLeaseExpense`	$342.00K	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`	-	USD	2 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$1.40M	USD	2 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$5.62M	USD	2 Qtrs
Provision for loss on vendor deposits and purchase commitments	`ProvisionforGainLossonVendorDeposit`	$-1.17M	USD	2 Qtrs
Provision for loss on vendor deposits and purchase commitments	`ProvisionforGainLossonVendorDeposit`	$5.50M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.15M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.63M	USD	2 Qtrs
Provisions for doubtful accounts	`ProvisionForDoubtfulAccounts`	$7.00K	USD	2 Qtrs
Provisions for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-3.00K	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$131.00K	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$228.00K	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`	$-739.00K	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$100.00K	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$280.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-46.82M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$32.31M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$388.14M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$44.72M	USD	2 Qtrs
Vendor deposits	`IncreaseDecreaseinVendorDeposits`	$19.15M	USD	2 Qtrs
Vendor deposits	`IncreaseDecreaseinVendorDeposits`	$-15.03M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.95M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.99M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.63M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$161.19M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-24.35M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-13.33M	USD	2 Qtrs
Deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.84M	USD	2 Qtrs
Deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.40M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-21.14M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$60.33M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.33M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$196.12M	USD	2 Qtrs
Purchase of property and equipment and other long-term assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.49M	USD	2 Qtrs
Purchase of property and equipment and other long-term assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.47M	USD	2 Qtrs
Purchase of investments	`PaymentsToAcquireInvestments`	$802.00K	USD	2 Qtrs
Purchase of investments	`PaymentsToAcquireInvestments`	-	USD	2 Qtrs
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$750.00K	USD	2 Qtrs
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	-	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.54M	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.47M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$168.29M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Payment of common stock cash dividends	`PaymentsOfDividends`	$72.51M	USD	2 Qtrs
Payment of common stock cash dividends	`PaymentsOfDividends`	$74.94M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$51.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$23.00K	USD	2 Qtrs
Tax withholdings related to net share settlements of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$594.00K	USD	2 Qtrs
Tax withholdings related to net share settlements of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.13M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$34.42M	USD	2 Qtrs
Net cash provided by (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`	$23.28M	USD	2 Qtrs
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`	$159.50M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$212.18M	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`	$159.50M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$212.18M	USD	Point-in-time
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$62.68M	USD	2 Qtrs
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$64.28M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$18.48M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$4.82M	USD	2 Qtrs
Right-of-use asset recognized	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$1.83M	USD	2 Qtrs
Right-of-use asset recognized	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$27.27M	USD	2 Qtrs
Unpaid property and equipment and other long-term assets	`CapitalExpendituresIncurredButNotYetPaid`	$357.00K	USD	2 Qtrs
Unpaid property and equipment and other long-term assets	`CapitalExpendituresIncurredButNotYetPaid`	$469.00K	USD	2 Qtrs

Stockholders Equity 51 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`	$0.60	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.60	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.60	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`	$-247.95M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-325.47M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-4.19M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-382.88M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.70M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$57.97M	USD	Point-in-time
Net Income	`NetIncomeLoss`	$235.80M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$205.39M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$93.18M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$103.65M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$132.15M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$112.20M	USD	1 Quarter
Reclassification adjustment for loss on investments included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$523.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentLaterReclassified`	$-49.00K	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`	-	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$7.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	2 Qtrs
Stock options exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	2,112.00	shares	2 Qtrs
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$36.00K	USD	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`	$-544.00K	USD	1 Quarter
Restricted stock units issued, net of tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-50.00K	USD	1 Quarter
Restricted stock units issued, net of tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-181.00K	USD	1 Quarter
Restricted stock units issued, net of tax withholdings	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-952.00K	USD	1 Quarter
Repurchases of Common Stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$39.25M	USD	1 Quarter
Repurchases of Common Stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$129.04M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$819.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.05M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.10M	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`	$37.45M	USD	1 Quarter
Dividends Paid on Common Stock	`DividendsCommonStockCash`	$36.26M	USD	1 Quarter
Dividends Paid on Common Stock	`DividendsCommonStockCash`	$36.26M	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`	$-247.95M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-325.47M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-4.19M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-382.88M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.70M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$57.97M	USD	Point-in-time

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