10-Q Filing

UBIQUITI INC. CIK: 1511737 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001511737-23-000037`
Period End Date	20230331
Filing Date	20230505
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	ubnt-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 79 Cash Flow Statement 90 Stockholders Equity 68

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$66.00K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$52.00K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$152.52M	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`	$121.00K	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
Accounts receivable, net of allowance for doubtful accounts of $66 and $52 at March 31, 2023 and June 30, 2022, respectively	`AccountsReceivableNetCurrent`	$146.36M	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 $66 and $52 at March 31, 2023 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
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Inventories	`InventoryNet`	$743.40M	USD	Point-in-time
Inventories	`InventoryNet`	$262.44M	USD	Point-in-time
Vendor deposits	`VendorDepositsCurrent`	$89.66M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	60.44M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	60.42M	shares	Point-in-time
Vendor deposits	`VendorDepositsCurrent`	$89.32M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	60.42M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.67M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.19M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	60.44M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$621.57M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.15B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$85.12M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$80.23M	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`	$59.56M	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`	$72.06M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$71.64M	USD	Point-in-time
Total assets	`Assets`	$844.71M	USD	Point-in-time
Total assets	`Assets`	$1.38B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$159.07M	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`	$1.71M	USD	Point-in-time
Debt short-term	`ShortTermBorrowings`	$23.86M	USD	Point-in-time
Debt short-term	`ShortTermBorrowings`	$24.41M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$189.36M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$177.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$310.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$362.38M	USD	Point-in-time
Income taxes payable long-term	`AccruedIncomeTaxesNoncurrent`	$77.78M	USD	Point-in-time
Income taxes payable long-term	`AccruedIncomeTaxesNoncurrent`	$94.17M	USD	Point-in-time
Operating lease liabilities long-term	`OperatingLeaseLiabilityNoncurrent`	$48.58M	USD	Point-in-time
Operating lease liabilities long-term	`OperatingLeaseLiabilityNoncurrent`	$54.02M	USD	Point-in-time
Debt long-term	`LongTermDebtNoncurrent`	$1.06B	USD	Point-in-time
Debt long-term	`LongTermDebtNoncurrent`	$762.62M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.11M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.56B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.23B	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`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`	$3.39M	USD	Point-in-time
Additional paidin capital	`AdditionalPaidInCapital`	$650.00K	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-474.00K	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Retained (deficit)	`RetainedEarningsAccumulatedDeficit`	$-383.11M	USD	Point-in-time
Retained (deficit)	`RetainedEarningsAccumulatedDeficit`	$-187.93M	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 stockholders (deficit)	`StockholdersEquity`	$-184.47M	USD	Point-in-time
Total stockholders (deficit)	`StockholdersEquity`	$-335.00M	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`	$-4.19M	USD	Point-in-time
Total stockholders (deficit)	`StockholdersEquity`	$-247.95M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$844.71M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.38B	USD	Point-in-time

Income Statement 79 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$457.77M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$358.07M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.25B	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.45B	USD	3 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$748.37M	USD	3 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$892.02M	USD	3 Qtrs
Cost of revenues	`CostOfGoodsAndServicesSold`	$242.05M	USD	1 Quarter
Cost of revenues	`CostOfGoodsAndServicesSold`	$269.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$557.40M	USD	3 Qtrs
Gross profit	`GrossProfit`	$188.48M	USD	1 Quarter
Gross profit	`GrossProfit`	$116.02M	USD	1 Quarter
Gross profit	`GrossProfit`	$500.18M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$104.63M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$35.26M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$100.18M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$38.21M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$52.08M	USD	3 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$16.74M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$50.30M	USD	3 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$18.15M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$150.48M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$53.41M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$156.71M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$54.95M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$349.69M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$62.61M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$133.53M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$400.69M	USD	3 Qtrs
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-38.42M	USD	3 Qtrs
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-3.25M	USD	1 Quarter
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-16.50M	USD	1 Quarter
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-9.78M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$339.91M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$117.03M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$362.27M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$59.35M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$58.31M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$18.45M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$53.76M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$286.15M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$132.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$303.96M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$98.58M	USD	1 Quarter
Net income	`NetIncomeLoss`	$103.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$50.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$112.20M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.82	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$5.03	USD	3 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$1.63	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$4.61	USD	3 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$5.03	USD	3 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.63	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$4.61	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	61.41M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	60.43M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	60.44M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	62.09M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.44M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.45M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.12M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.45M	shares	3 Qtrs
Unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	3 Qtrs
Unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-439.00K	USD	1 Quarter
Unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Unrealized losses on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-433.00K	USD	3 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-49.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-433.00K	USD	3 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-439.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$7.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	3 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$285.72M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$98.58M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$303.96M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$49.91M	USD	1 Quarter

Cash Flow Statement 90 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$286.15M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$132.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$303.96M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$98.58M	USD	1 Quarter
Net income	`NetIncomeLoss`	$103.65M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$50.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$112.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.16M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.11M	USD	3 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$990.00K	USD	3 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$979.00K	USD	3 Qtrs
Non-cash lease expense	`OperatingLeaseNonCashLeaseExpense`	$325.00K	USD	3 Qtrs
Non-cash lease expense	`OperatingLeaseNonCashLeaseExpense`	$1.03M	USD	3 Qtrs
Premium amortization and (discount accretion), net	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Premium amortization and (discount accretion), net	`AmortizationOfDebtDiscountPremium`	$35.00K	USD	3 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$1.44M	USD	3 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$8.14M	USD	3 Qtrs
Provision for loss on vendor deposits and purchase commitments	`ProvisionforGainLossonVendorDeposit`	$8.43M	USD	3 Qtrs
Provision for loss on vendor deposits and purchase commitments	`ProvisionforGainLossonVendorDeposit`	$-2.42M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.50M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.39M	USD	3 Qtrs
Provisions for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	3 Qtrs
Provisions for doubtful accounts	`ProvisionForDoubtfulAccounts`	$14.00K	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$109.00K	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$135.00K	USD	3 Qtrs
Recovery of impaired investment	`DebtSecuritiesAvailableForSaleRecoveries`	-	USD	3 Qtrs
Recovery of impaired investment	`DebtSecuritiesAvailableForSaleRecoveries`	$902.00K	USD	3 Qtrs
Change in unrealized loss on available-for-sale securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$407.00K	USD	3 Qtrs
Change in unrealized loss on available-for-sale securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$-780.00K	USD	3 Qtrs
Provision for sales returns	`ProvisionForGainLossOnSalesReturns`	$62.00K	USD	3 Qtrs
Provision for sales returns	`ProvisionForGainLossOnSalesReturns`	$83.00K	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-325.00K	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	-	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-84.81M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$26.75M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$13.52M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$489.46M	USD	3 Qtrs
Vendor deposits	`IncreaseDecreaseinVendorDeposits`	$34.84M	USD	3 Qtrs
Vendor deposits	`IncreaseDecreaseinVendorDeposits`	$5.04M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$796.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.70M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.81M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$74.83M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-12.66M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-28.74M	USD	3 Qtrs
Deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	$-2.56M	USD	3 Qtrs
Deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	$-2.72M	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.31M	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-19.74M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-159.87M	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$300.28M	USD	3 Qtrs
Purchase of property and equipment and other long-term assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.65M	USD	3 Qtrs
Purchase of property and equipment and other long-term assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.06M	USD	3 Qtrs
Purchase of investments	`PaymentsToAcquireInvestments`	-	USD	3 Qtrs
Purchase of investments	`PaymentsToAcquireInvestments`	$864.00K	USD	3 Qtrs
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	-	USD	3 Qtrs
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$1.21M	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.72M	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.65M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$513.00M	USD	3 Qtrs
Payment of common stock cash dividends	`PaymentsOfDividends`	$108.78M	USD	3 Qtrs
Payment of common stock cash dividends	`PaymentsOfDividends`	$111.80M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$76.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$23.00K	USD	3 Qtrs
Tax withholdings related to net share settlements of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$677.00K	USD	3 Qtrs
Tax withholdings related to net share settlements of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.19M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$191.82M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-394.67M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$16.30M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-105.11M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$249.42M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$144.31M	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`	$152.52M	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`	$144.31M	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`	$152.52M	USD	Point-in-time
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$87.31M	USD	3 Qtrs
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$72.83M	USD	3 Qtrs
Interest paid	`InterestPaidNet`	$34.24M	USD	3 Qtrs
Interest paid	`InterestPaidNet`	$7.40M	USD	3 Qtrs
Right-of-use asset recognized	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$5.81M	USD	3 Qtrs
Right-of-use asset recognized	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$27.52M	USD	3 Qtrs
Unpaid stock repurchases	`UnpaidStockRepurchases`	-	USD	3 Qtrs
Unpaid stock repurchases	`UnpaidStockRepurchases`	$10.00M	USD	3 Qtrs
Unpaid property and equipment and other long-term assets	`CapitalExpendituresIncurredButNotYetPaid`	$1.10M	USD	3 Qtrs
Unpaid property and equipment and other long-term assets	`CapitalExpendituresIncurredButNotYetPaid`	$264.00K	USD	3 Qtrs

Stockholders Equity 68 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
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`	60.44M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$2.70M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$57.97M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-184.47M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-335.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-325.47M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-382.88M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-4.19M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-247.95M	USD	Point-in-time
Net Income	`NetIncomeLoss`	$286.15M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$132.15M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$303.96M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$98.58M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$103.65M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$93.18M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$50.35M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$112.20M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-49.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-433.00K	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-439.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$7.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Stock options exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	2,112.00	shares	3 Qtrs
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$36.00K	USD	1 Quarter
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$23.00K	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`	$-83.00K	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`	$-52.00K	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`	$-50.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$819.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$874.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.05M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.25M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$810.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.10M	USD	1 Quarter
Dividends Paid on Common Stock	`DividendsCommonStockCash`	$37.45M	USD	1 Quarter
Dividends Paid on Common Stock	`DividendsCommonStockCash`	$37.50M	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
Dividends Paid on Common Stock	`DividendsCommonStockCash`	$36.27M	USD	1 Quarter
Dividends Paid on Common Stock	`DividendsCommonStockCash`	$36.86M	USD	1 Quarter
Reclassification adjustment for loss on investments included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$523.00K	USD	1 Quarter
Repurchases of Common Stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$39.25M	USD	1 Quarter
Repurchases of Common Stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$344.71M	USD	1 Quarter
Repurchases of Common Stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$129.04M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	60.42M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	60.44M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$2.70M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$57.97M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-184.47M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-335.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-325.47M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-382.88M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-4.19M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-247.95M	USD	Point-in-time

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