10-Q Filing

GRAND CANYON EDUCATION, INC. CIK: 1434588 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001558370-19-004257`
Period End Date	20190331
Filing Date	20190507
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	lope-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 37 Cash Flow Statement 71 Stockholders Equity 17 Comprehensive Income 10

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$88.47M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.35M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$61.67M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$300.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Investments	`Investments`	$69.00M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Investments	`Investments`	$14.24M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$46.83M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$74.65M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Interest receivable on Secured Note	`InterestReceivable`	$4.79M	USD	Point-in-time
Interest receivable on Secured Note	`InterestReceivable`	$4.65M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	52.69M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	52.92M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$3.42M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$8.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.20M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.25M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.49M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.68M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.96M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$12.34M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$309.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$198.21M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$111.04M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$116.24M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$498.00K	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$13.19M	USD	Point-in-time
Secured Note receivable	`NotesAndLoansReceivableNetNoncurrent`	$900.09M	USD	Point-in-time
Secured Note receivable	`NotesAndLoansReceivableNetNoncurrent`	$930.00M	USD	Point-in-time
Amortizable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$208.59M	USD	Point-in-time
Goodwill	`Goodwill`	$2.94M	USD	Point-in-time
Goodwill	`Goodwill`	$151.23M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$478.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.02M	USD	Point-in-time
Total assets	`Assets`	$1.62B	USD	Point-in-time
Total assets	`Assets`	$1.32B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.27M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.29M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$15.43M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$17.98M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$15.54M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$8.91M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$23.50M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$5.44M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$5.17M	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$2.09M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$36.47M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$48.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$126.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$80.52M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxLiabilitiesNoncurrent`	$9.43M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredTaxLiabilitiesNoncurrent`	$6.46M	USD	Point-in-time
Lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$11.18M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$23.44M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$199.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$110.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$346.60M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at March 31, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at March 31, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 52,922 and 52,690 shares issued and 48,246 and 48,201 shares outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$529.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 52,922 and 52,690 shares issued and 48,246 and 48,201 shares outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$527.00K	USD	Point-in-time
Treasury stock, at cost, 4,676 and 4,489 shares of common stock at March 31, 2019 and December 31, 2018, respectively	`TreasuryStockValue`	$125.45M	USD	Point-in-time
Treasury stock, at cost, 4,676 and 4,489 shares of common stock at March 31, 2019 and December 31, 2018, respectively	`TreasuryStockValue`	$143.58M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$261.07M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$256.81M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-453.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-560.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.16B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.08B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.21B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$985.95M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.27B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.05B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.32B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.62B	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$197.29M	USD	1 Quarter
Net revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$275.68M	USD	1 Quarter
Technology and academic services	`TechnologyAndAcademicServices`	$19.04M	USD	1 Quarter
Technology and academic services	`TechnologyAndAcademicServices`	$10.70M	USD	1 Quarter
Counseling services and support	`CounselingServicesAndSupport`	$50.75M	USD	1 Quarter
Counseling services and support	`CounselingServicesAndSupport`	$53.09M	USD	1 Quarter
Marketing and communication	`MarketingExpense`	$28.53M	USD	1 Quarter
Marketing and communication	`MarketingExpense`	$35.46M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.49M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.42M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.69M	USD	1 Quarter
University related expenses	`UniversityRelatedExpenses`	$87.65M	USD	1 Quarter
Loss on Transaction	`LossOnTransaction`	$550.00K	USD	1 Quarter
Loss on Transaction	`LossOnTransaction`	$4.09M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$185.59M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$124.86M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$72.43M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$90.09M	USD	1 Quarter
Interest income on Secured Note	`InterestIncomeOnNoteReceivable`	$13.73M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.59M	USD	1 Quarter
Interest expense	`InterestExpense`	$346.00K	USD	1 Quarter
Investment interest and other	`InvestmentIncomeNonoperating`	$981.00K	USD	1 Quarter
Investment interest and other	`InvestmentIncomeNonoperating`	$1.12M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$84.70M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$90.73M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$17.05M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$11.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$73.68M	USD	1 Quarter
Net income	`NetIncomeLoss`	$73.24M	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$1.55	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$1.54	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$1.52	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$1.52	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	47.70M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	47.43M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.27M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.40M	shares	1 Quarter

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$73.68M	USD	1 Quarter
Net income	`ProfitLoss`	$73.24M	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$3.47M	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$2.64M	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$5.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$13.95M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.41M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.69M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$2.85M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.93M	USD	1 Quarter
Loss on transaction, net of costs and asset impairment	`GainLossOnTransactionNetOfCostsAndAssetImpairment`	$-4.09M	USD	1 Quarter
Other, including fixed asset impairments	`OtherNoncashIncomeExpense`	$-539.00K	USD	1 Quarter
Other, including fixed asset impairments	`OtherNoncashIncomeExpense`	$186.00K	USD	1 Quarter
Accounts receivable from university partners	`AccountsReceivableRelatedToUniversityOperations`	$24.72M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.56M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.33M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.42M	USD	1 Quarter
Right-of-use assets and lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilitiesRecognizedInExchangeForRightOfUseAssets`	$80.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$563.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-4.90M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$805.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$7.67M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$14.64M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$14.81M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredRent`	$-36.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$24.69M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$5.12M	USD	1 Quarter
Student deposits	`IncreaseDecreaseInContractWithCustomerLiability`	$-22.35M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$76.34M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$119.01M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$4.59M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$35.35M	USD	1 Quarter
Additions of amortizable content	`PaymentsToAcquireIntangibleAssets`	$157.00K	USD	1 Quarter
Acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$361.18M	USD	1 Quarter
Funding to GCU for capital expenditures	`LoansForFundingOfCapitalExpenditure`	$29.91M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireAvailableForSaleSecurities`	$1.77M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireAvailableForSaleSecurities`	$17.12M	USD	1 Quarter
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$56.75M	USD	1 Quarter
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$13.94M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-340.85M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-38.52M	USD	1 Quarter
Principal payments on notes payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$59.85M	USD	1 Quarter
Principal payments on notes payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$1.72M	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$2.38M	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$243.75M	USD	1 Quarter
Net borrowings from revolving line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$6.25M	USD	1 Quarter
Repurchase of common shares including shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$12.03M	USD	1 Quarter
Repurchase of common shares including shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$18.13M	USD	1 Quarter
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$919.00K	USD	1 Quarter
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.63M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.83M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$171.27M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-93.25M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$67.65M	USD	1 Quarter
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.77M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$248.01M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$182.01M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$315.66M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.77M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$248.01M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$182.01M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$315.66M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$1.67M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$321.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$420.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$375.00K	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$736.00K	USD	1 Quarter
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$13.08M	USD	1 Quarter
Reclassification of capitalized costs - adoption of ASC 606	`ReclassificationOfCapitalizedCostsDueToAdoptionOfASC606`	$9.02M	USD	1 Quarter
Reclassification of deferred revenue - adoption of ASC 606	`ReclassificationOfDeferredRevenueDueToAdoptionOfASC606`	$7.45M	USD	1 Quarter
Lease adoption - gross up of right of use assets and lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$498.00K	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$1.21B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$985.95M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.27B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.05B	USD	Point-in-time
Cumulative effect from the adoption of accounting pronouncements, net of taxes	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$-1.17M	USD	Point-in-time
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$73.14M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$73.88M	USD	1 Quarter
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$10.00M	USD	1 Quarter
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$508.00K	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-5.49M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-8.05M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.63M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$919.00K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$1.21B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$985.95M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.27B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.05B	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$73.68M	USD	1 Quarter
Net income	`NetIncomeLoss`	$73.24M	USD	1 Quarter
Unrealized gains (losses) on available for sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$8.00K	USD	1 Quarter
Unrealized gains (losses) on hedging derivatives, taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$35.00K	USD	1 Quarter
Unrealized gains (losses) on hedging derivatives, taxes	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$57.00K	USD	1 Quarter
Unrealized gains on available-for-sale securities, net of taxes of $8 for March 31, 2018	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$24.00K	USD	1 Quarter
Unrealized gains (losses) on hedging derivatives, net of taxes of $35 and $57 for March 31, 2019 and 2018, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-107.00K	USD	1 Quarter
Unrealized gains (losses) on hedging derivatives, net of taxes of $35 and $57 for March 31, 2019 and 2018, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$174.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$73.14M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$73.88M	USD	1 Quarter

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