10-Q Filing

GRAND CANYON EDUCATION, INC. CIK: 1434588 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001558370-20-005740`
Period End Date	20200331
Filing Date	20200507
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	lope-20200507x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 37 Cash Flow Statement 74 Stockholders Equity 19 Comprehensive Income 6

Balance Sheet 91 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$122.27M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$132.49M	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`	$17.05M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Investments	`Investments`	$21.60M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$77.39M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$48.94M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	53.22M	shares	Point-in-time
Interest receivable on Secured Note	`InterestReceivable`	$5.01M	USD	Point-in-time
Interest receivable on Secured Note	`InterestReceivable`	$5.01M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	53.05M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$2.19M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.69M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.10M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	47.41M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	5.81M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$14.70M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.95M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$8.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$248.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$208.34M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$119.73M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$121.35M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$34.55M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$27.77M	USD	Point-in-time
Secured Note receivable, net	`NotesAndLoansReceivableNetNoncurrent`	$969.91M	USD	Point-in-time
Secured Note receivable, net	`NotesAndLoansReceivableNetNoncurrent`	$964.91M	USD	Point-in-time
Amortizable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$199.95M	USD	Point-in-time
Amortizable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$202.06M	USD	Point-in-time
Goodwill	`Goodwill`	$160.77M	USD	Point-in-time
Goodwill	`Goodwill`	$160.77M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.75M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.71M	USD	Point-in-time
Total assets	`Assets`	$1.73B	USD	Point-in-time
Total assets	`Assets`	$1.69B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.84M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$20.80M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$22.60M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$20.94M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$16.77M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$25.25M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$6.58M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$8.17M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$20.00K	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$3.08M	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$3.75M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$33.14M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$33.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$133.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$95.23M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredIncomeTaxLiabilitiesNet`	$18.32M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredIncomeTaxLiabilitiesNet`	$18.84M	USD	Point-in-time
Other long-term liability	`OtherLiabilitiesNoncurrent`	$13.00K	USD	Point-in-time
Other long-term liability	`OtherLiabilitiesNoncurrent`	$11.00K	USD	Point-in-time
Lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$25.52M	USD	Point-in-time
Lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$32.17M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$99.49M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$107.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$246.86M	USD	Point-in-time
Total liabilities	`Liabilities`	$283.59M	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, 2020 and December 31, 2019	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at March 31, 2020 and December 31, 2019	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 53,221 and 53,054 shares issued and 47,413 and 48,105 shares outstanding at March 31, 2020 and December 31, 2019, respectively	`CommonStockValue`	$532.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 53,221 and 53,054 shares issued and 47,413 and 48,105 shares outstanding at March 31, 2020 and December 31, 2019, respectively	`CommonStockValue`	$531.00K	USD	Point-in-time
Treasury stock, at cost, 5,808 and 4,949 shares of common stock at March 31, 2020 and December 31, 2019, respectively	`TreasuryStockValue`	$169.37M	USD	Point-in-time
Treasury stock, at cost, 5,808 and 4,949 shares of common stock at March 31, 2020 and December 31, 2019, respectively	`TreasuryStockValue`	$235.07M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$270.92M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$273.65M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.34B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.41B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.45B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.44B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.21B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.27B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.69B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.73B	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`	$221.66M	USD	1 Quarter
Technology and academic services	`TechnologyAndAcademicServices`	$18.62M	USD	1 Quarter
Technology and academic services	`TechnologyAndAcademicServices`	$26.28M	USD	1 Quarter
Counseling services and support	`CounselingServicesAndSupport`	$53.09M	USD	1 Quarter
Counseling services and support	`CounselingServicesAndSupport`	$60.22M	USD	1 Quarter
Marketing and communication	`MarketingExpense`	$42.69M	USD	1 Quarter
Marketing and communication	`MarketingExpense`	$35.97M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.40M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.56M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.10M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.69M	USD	1 Quarter
Loss on transaction	`LossOnTransaction`	$4.09M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$140.86M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$124.86M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$80.80M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$72.43M	USD	1 Quarter
Interest income on Secured Note	`InterestIncomeOnNoteReceivable`	$13.73M	USD	1 Quarter
Interest income on Secured Note	`InterestIncomeOnNoteReceivable`	$14.71M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.59M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.55M	USD	1 Quarter
Investment interest and other	`InvestmentIncomeNonoperating`	$216.00K	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`	$94.18M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$11.46M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$22.79M	USD	1 Quarter
Net income	`NetIncomeLoss`	$73.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$71.39M	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$1.50	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`	$1.49	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	47.45M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	47.70M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.27M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.76M	shares	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$5.00M	USD	Point-in-time
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$5.00M	USD	Point-in-time
Income taxes	`IncomeTaxEffectsAllocatedDirectlyToEquityCumulativeEffectOfChangeInAccountingPrinciple`	$1.17M	USD	1 Quarter
Net income	`ProfitLoss`	$71.39M	USD	1 Quarter
Income taxes	`IncomeTaxEffectsAllocatedDirectlyToEquityCumulativeEffectOfChangeInAccountingPrinciple`	$1.17M	USD	Point-in-time
Net income	`ProfitLoss`	$73.24M	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$2.64M	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$2.66M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortizationExcludingIntangibleAssets`	$4.99M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortizationExcludingIntangibleAssets`	$4.41M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.10M	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`	$1.69M	USD	1 Quarter
Loss on transaction	`GainLossOnTransactionNetOfCostsAndAssetImpairment`	$-4.09M	USD	1 Quarter
Other, including fixed asset impairments	`OtherNoncashIncomeExpense`	$186.00K	USD	1 Quarter
Other, including fixed asset impairments	`OtherNoncashIncomeExpense`	$-289.00K	USD	1 Quarter
Accounts receivable and interest receivable from university partners	`IncreaseDecreaseInAccountsReceivable`	$24.72M	USD	1 Quarter
Accounts receivable and interest receivable from university partners	`IncreaseDecreaseInAccountsReceivable`	$28.45M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.74M	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
Right-of-use assets and lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilitiesRecognizedInExchangeForRightOfUseAssets`	$544.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$3.96M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-4.90M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$805.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$5.97M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$14.64M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$19.17M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits`	$5.12M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits`	$8.15M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$85.72M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$76.34M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$6.08M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$4.59M	USD	1 Quarter
Amortization of intangible assets	`PaymentsToDevelopEducationResources`	$157.00K	USD	1 Quarter
Amortization of intangible assets	`PaymentsToDevelopEducationResources`	$56.00K	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	`PaymentsToAcquireMarketableSecurities`	$1.77M	USD	1 Quarter
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$56.75M	USD	1 Quarter
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$4.26M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.88M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-340.85M	USD	1 Quarter
Principal payments on notes payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$59.85M	USD	1 Quarter
Principal payments on notes payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$8.29M	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`	$18.13M	USD	1 Quarter
Repurchase of common shares including shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$65.71M	USD	1 Quarter
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$72.00K	USD	1 Quarter
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.63M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$171.27M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-73.92M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$9.92M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-93.25M	USD	1 Quarter
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.57M	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`	$88.77M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$132.49M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.57M	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`	$88.77M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$132.49M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$1.67M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$1.55M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$250.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$420.00K	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`	$899.00K	USD	1 Quarter
Lease adoption - recognition of right of use assets and lease liabilities	`GrossUpOfRightOfUseAssetsAndLeaseLiabilitiesAdoptionOfAsu201602`	$498.00K	USD	1 Quarter
Allowance for credit losses of $5,000, net of taxes of $1,168 from adoption of ASU 2016-13	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$-3.83M	USD	Point-in-time
ROU Asset and Liability recognition	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$6.78M	USD	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Cumulative effect from the adoption of accounting pronouncements, tax	`IncomeTaxEffectsAllocatedDirectlyToEquityCumulativeEffectOfChangeInAccountingPrinciple`	$1.17M	USD	1 Quarter
Cumulative effect from the adoption of accounting pronouncements, tax	`IncomeTaxEffectsAllocatedDirectlyToEquityCumulativeEffectOfChangeInAccountingPrinciple`	$1.17M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.45B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.44B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.21B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.27B	USD	Point-in-time
Cumulative effect from the adoption of accounting pronouncements, net of taxes	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$-3.83M	USD	Point-in-time
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$71.39M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$73.14M	USD	1 Quarter
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$60.74M	USD	1 Quarter
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$10.00M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-2.31M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-5.49M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.63M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$72.00K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$1.45B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.44B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.21B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.27B	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$73.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$71.39M	USD	1 Quarter
Unrealized gains (losses) on hedging derivatives, taxes	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax`	$35.00K	USD	1 Quarter
Unrealized loss on hedging derivative	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-107.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$71.39M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$73.14M	USD	1 Quarter

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