10-Q Filing

GRAND CANYON EDUCATION, INC. CIK: 1434588 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001558370-22-012190`
Period End Date	20220630
Filing Date	20220804
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	lope-20220630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 70 Cash Flow Statement 66 Stockholders Equity 27 Comprehensive Income 18

Balance Sheet 85 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`	$600.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$139.40M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$63.87M	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
Investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$25.73M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$70.06M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$8.97M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.27M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$11.89M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$8.77M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	53.64M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	53.83M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$681.04M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.96M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.72M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$249.85M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$136.12M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	15.91M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	21.87M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$139.63M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$57.65M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$54.20M	USD	Point-in-time
Amortizable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$185.22M	USD	Point-in-time
Amortizable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$181.01M	USD	Point-in-time
Goodwill	`Goodwill`	$160.77M	USD	Point-in-time
Goodwill	`Goodwill`	$160.77M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.84M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.94M	USD	Point-in-time
Total assets	`Assets`	$787.30M	USD	Point-in-time
Total assets	`Assets`	$1.22B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.14M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$32.71M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$32.91M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$32.98M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$27.59M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$5.89M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$32.00K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$11.96M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$10.00K	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$7.43M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$7.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$97.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$103.72M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredIncomeTaxLiabilitiesNet`	$25.96M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredIncomeTaxLiabilitiesNet`	$26.57M	USD	Point-in-time
Other long-term liability	`OtherLiabilitiesNoncurrent`	$24.00K	USD	Point-in-time
Other long-term liability	`OtherLiabilitiesNoncurrent`	$37.00K	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$50.35M	USD	Point-in-time
Notes payable, less current portion	`LongTermNotesPayable`	$53.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$180.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$177.70M	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 June 30, 2022 and December 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at June 30, 2022 and December 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 53,826 and 53,637 shares issued and 33,278 and 37,722 shares outstanding at June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$536.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 53,826 and 53,637 shares issued and 33,278 and 37,722 shares outstanding at June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$538.00K	USD	Point-in-time
Treasury stock, at cost, 20,548 and 15,915 shares of common stock at June 30, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$1.64B	USD	Point-in-time
Treasury stock, at cost, 20,548 and 15,915 shares of common stock at June 30, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$1.11B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$296.67M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$303.03M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-398.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.86B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.94B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$706.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.59B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.57B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.05B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$606.64M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.54B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$787.30M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.22B	USD	Point-in-time

Income Statement 70 line items

Line Item	Tag	Value	Unit	Period
Service revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$199.75M	USD	1 Quarter
Service revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$438.42M	USD	2 Qtrs
Service revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$443.89M	USD	2 Qtrs
Service revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$201.49M	USD	1 Quarter
Technology and academic services	`TechnologyAndAcademicServices`	$65.73M	USD	2 Qtrs
Technology and academic services	`TechnologyAndAcademicServices`	$74.50M	USD	2 Qtrs
Technology and academic services	`TechnologyAndAcademicServices`	$38.19M	USD	1 Quarter
Technology and academic services	`TechnologyAndAcademicServices`	$33.68M	USD	1 Quarter
Counseling services and support	`CounselingServicesAndSupport`	$66.03M	USD	1 Quarter
Counseling services and support	`CounselingServicesAndSupport`	$133.54M	USD	2 Qtrs
Counseling services and support	`CounselingServicesAndSupport`	$60.93M	USD	1 Quarter
Counseling services and support	`CounselingServicesAndSupport`	$122.17M	USD	2 Qtrs
Marketing and communication	`MarketingExpense`	$49.73M	USD	1 Quarter
Marketing and communication	`MarketingExpense`	$45.45M	USD	1 Quarter
Marketing and communication	`MarketingExpense`	$93.18M	USD	2 Qtrs
Marketing and communication	`MarketingExpense`	$100.59M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$19.75M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$9.08M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.85M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$18.66M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.10M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.10M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$4.21M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$4.21M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$151.24M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$303.95M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$332.58M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$165.91M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$111.31M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$134.47M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$33.84M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$50.25M	USD	1 Quarter
Interest income on Secured Note	`InterestIncomeOnNoteReceivable`	$14.77M	USD	1 Quarter
Interest income on Secured Note	`InterestIncomeOnNoteReceivable`	$29.32M	USD	2 Qtrs
Interest expense	`InterestExpense`	$763.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$5.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$5.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.56M	USD	2 Qtrs
Investment interest and other	`InvestmentIncomeNonoperating`	$238.00K	USD	1 Quarter
Investment interest and other	`InvestmentIncomeNonoperating`	$359.00K	USD	2 Qtrs
Investment interest and other	`InvestmentIncomeNonoperating`	$549.00K	USD	2 Qtrs
Investment interest and other	`InvestmentIncomeNonoperating`	$344.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$162.59M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.18M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$111.85M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$64.50M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$35.02M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$8.62M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$15.04M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$28.21M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$25.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$83.64M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$127.57M	USD	2 Qtrs
Basic income per share	`EarningsPerShareBasic`	$0.80	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$1.09	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$2.78	USD	2 Qtrs
Basic income per share	`EarningsPerShareBasic`	$2.51	USD	2 Qtrs
Diluted income per share	`EarningsPerShareDiluted`	$2.78	USD	2 Qtrs
Diluted income per share	`EarningsPerShareDiluted`	$0.80	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$2.51	USD	2 Qtrs
Diluted income per share	`EarningsPerShareDiluted`	$1.09	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	45.49M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	33.30M	shares	2 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	31.80M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	45.81M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.38M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.96M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.88M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.58M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$83.64M	USD	2 Qtrs
Net income	`ProfitLoss`	$127.57M	USD	2 Qtrs
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$6.36M	USD	2 Qtrs
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$5.96M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortizationExcludingIntangibleAssets`	$10.82M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortizationExcludingIntangibleAssets`	$11.35M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.10M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.10M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$4.21M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$4.21M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$732.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.84M	USD	2 Qtrs
Other, including fixed asset impairments	`OtherNoncashIncomeExpense`	$-302.00K	USD	2 Qtrs
Other, including fixed asset impairments	`OtherNoncashIncomeExpense`	$-631.00K	USD	2 Qtrs
Accounts receivable and interest receivable from university partners	`IncreaseDecreaseInAccountsReceivable`	$-47.31M	USD	2 Qtrs
Accounts receivable and interest receivable from university partners	`IncreaseDecreaseInAccountsReceivable`	$-44.34M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.98M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.17M	USD	2 Qtrs
Right-of-use assets and lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilitiesRecognizedInExchangeForRightOfUseAssets`	$237.00K	USD	2 Qtrs
Right-of-use assets and lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilitiesRecognizedInExchangeForRightOfUseAssets`	$322.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-6.29M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$6.65M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$5.57M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$5.03M	USD	2 Qtrs
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-5.39M	USD	2 Qtrs
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-13.55M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits`	$9.76M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits`	$11.95M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$210.33M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$146.09M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$15.76M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$15.14M	USD	2 Qtrs
Additions of amortizable content	`PaymentsToDevelopEducationResources`	$114.00K	USD	2 Qtrs
Additions of amortizable content	`PaymentsToDevelopEducationResources`	$271.00K	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$51.22M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$91.36M	USD	2 Qtrs
Funding to GCU	`PaymentsToFundNotesReceivable`	$190.00M	USD	2 Qtrs
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$17.17M	USD	2 Qtrs
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$26.99M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-79.62M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-240.09M	USD	2 Qtrs
Principal payments on notes payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$16.57M	USD	2 Qtrs
Net borrowings from revolving line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$35.00M	USD	2 Qtrs
Repurchase of common shares and shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$528.01M	USD	2 Qtrs
Repurchase of common shares and shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$167.67M	USD	2 Qtrs
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.68M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-528.01M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-146.56M	USD	2 Qtrs
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-176.32M	USD	2 Qtrs
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-461.54M	USD	2 Qtrs
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$245.77M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$139.40M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$69.45M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$600.94M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$245.77M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$139.40M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$69.45M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$600.94M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$5.00K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$1.66M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$38.84M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$37.13M	USD	2 Qtrs
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$1.65M	USD	2 Qtrs
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$422.00K	USD	2 Qtrs
ROU Asset and Liability recognition	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$503.00K	USD	2 Qtrs
ROU Asset and Liability recognition	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$1.72M	USD	2 Qtrs

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$706.44M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.59B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.57B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.05B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$606.64M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.54B	USD	Point-in-time
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$127.39M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$57.76M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$83.24M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$77.99M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$49.40M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$25.49M	USD	1 Quarter
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$128.46M	USD	1 Quarter
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$63.35M	USD	1 Quarter
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$98.33M	USD	1 Quarter
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$394.93M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-1.44M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.94M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.17M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-2.98M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.68M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$706.44M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.59B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.57B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.05B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$606.64M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.54B	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Unrealized gains (losses) on available for sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$123.00K	USD	2 Qtrs
Unrealized gains (losses) on available for sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$22.00K	USD	1 Quarter
Unrealized gains (losses) on available for sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$57.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$25.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$83.64M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$127.57M	USD	2 Qtrs
Unrealized gains (losses) on available for sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$24.00K	USD	1 Quarter
Unrealized losses on available-for-sale securities, net of taxes of $xx and $22 for the three months ended June 30, 2022 and 2021, respectively, and $xx and $57 for the six months ended June 30, 2022 and 2021, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-75.00K	USD	1 Quarter
Unrealized losses on available-for-sale securities, net of taxes of $xx and $22 for the three months ended June 30, 2022 and 2021, respectively, and $xx and $57 for the six months ended June 30, 2022 and 2021, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-185.00K	USD	2 Qtrs
Unrealized losses on available-for-sale securities, net of taxes of $xx and $22 for the three months ended June 30, 2022 and 2021, respectively, and $xx and $57 for the six months ended June 30, 2022 and 2021, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-65.00K	USD	1 Quarter
Unrealized losses on available-for-sale securities, net of taxes of $xx and $22 for the three months ended June 30, 2022 and 2021, respectively, and $xx and $57 for the six months ended June 30, 2022 and 2021, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-398.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$127.39M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$57.76M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$83.24M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$77.99M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$49.40M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$25.49M	USD	1 Quarter

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