10-K Filing

GRAND CANYON EDUCATION, INC. CIK: 1434588 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001558370-23-001452`
Period End Date	20221231
Filing Date	20230216
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	lope-20221231x10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 53 Cash Flow Statement 97 Stockholders Equity 23 Comprehensive Income 8

Balance Sheet 82 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.41M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$61.30M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$77.41M	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, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$2.79M	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`	$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
Other current assets	`OtherAssetsCurrent`	$11.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$681.04M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.72M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.06M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$273.27M	USD	Point-in-time
Treasury stock, common shares	`TreasuryStockCommonShares`	22.77M	shares	Point-in-time
Treasury stock, common shares	`TreasuryStockCommonShares`	15.91M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$136.12M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$147.50M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$57.65M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$72.72M	USD	Point-in-time
Amortizable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$176.80M	USD	Point-in-time
Amortizable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$185.22M	USD	Point-in-time
Goodwill	`Goodwill`	$160.77M	USD	Point-in-time
Goodwill	`Goodwill`	$160.77M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.69M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.94M	USD	Point-in-time
Total assets	`Assets`	$832.75M	USD	Point-in-time
Total assets	`Assets`	$1.22B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.31M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$32.71M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$36.41M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$22.47M	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`	$12.17M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$10.00K	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$7.43M	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$8.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$97.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$99.71M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredIncomeTaxLiabilitiesNet`	$25.96M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredIncomeTaxLiabilitiesNet`	$26.20M	USD	Point-in-time
Other long-term liability	`OtherLiabilitiesNoncurrent`	$37.00K	USD	Point-in-time
Other long-term liability	`OtherLiabilitiesNoncurrent`	$436.00K	USD	Point-in-time
Lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$68.79M	USD	Point-in-time
Lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$53.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$177.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$195.13M	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 December 31, 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 December 31, 2022 and December 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 53,830 and 53,637 shares issued and 31,058 and 37,722 shares outstanding at December 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$536.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 53,830 and 53,637 shares issued and 31,058 and 37,722 shares outstanding at December 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$538.00K	USD	Point-in-time
Treasury stock, at cost, 22,772 and 15,915 shares of common stock at December 31, 2022 and December 31, 2021, respectively	`TreasuryStockCommonValue`	$1.11B	USD	Point-in-time
Treasury stock, at cost, 22,772 and 15,915 shares of common stock at December 31, 2022 and December 31, 2021, respectively	`TreasuryStockCommonValue`	$1.71B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$309.31M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$296.67M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-533.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.04B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.86B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.44B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$637.62M	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 liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.22B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$832.75M	USD	Point-in-time

Income Statement 53 line items

Line Item	Tag	Value	Unit	Period
Service revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$844.10M	USD	Annual
Service revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$896.56M	USD	Annual
Service revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$911.31M	USD	Annual
Technology and academic services	`TechnologyAndAcademicServices`	$150.49M	USD	Annual
Technology and academic services	`TechnologyAndAcademicServices`	$132.08M	USD	Annual
Technology and academic services	`TechnologyAndAcademicServices`	$116.01M	USD	Annual
Counseling services and support	`CounselingServicesAndSupport`	$273.31M	USD	Annual
Counseling services and support	`CounselingServicesAndSupport`	$249.18M	USD	Annual
Counseling services and support	`CounselingServicesAndSupport`	$234.53M	USD	Annual
Marketing and communication	`MarketingExpense`	$164.33M	USD	Annual
Marketing and communication	`MarketingExpense`	$182.87M	USD	Annual
Marketing and communication	`MarketingExpense`	$196.09M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$43.36M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$41.83M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$45.49M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$8.42M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$8.42M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$8.42M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$566.66M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$614.37M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$673.81M	USD	Annual
Operating income	`OperatingIncomeLoss`	$237.50M	USD	Annual
Operating income	`OperatingIncomeLoss`	$282.19M	USD	Annual
Operating income	`OperatingIncomeLoss`	$277.44M	USD	Annual
Interest income on Secured Note	`InterestIncomeOnNoteReceivable`	$59.19M	USD	Annual
Interest income on Secured Note	`InterestIncomeOnNoteReceivable`	$52.09M	USD	Annual
Interest expense	`InterestExpense`	$3.60M	USD	Annual
Interest expense	`InterestExpense`	$4.40M	USD	Annual
Interest expense	`InterestExpense`	$2.00K	USD	Annual
Investment interest and other	`InvestmentIncomeNonoperating`	$2.62M	USD	Annual
Investment interest and other	`InvestmentIncomeNonoperating`	$915.00K	USD	Annual
Investment interest and other	`InvestmentIncomeNonoperating`	$610.00K	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$333.14M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$240.12M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$331.29M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$55.44M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$70.94M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$75.94M	USD	Annual
Net income	`NetIncomeLoss`	$184.68M	USD	Annual
Net income	`NetIncomeLoss`	$257.20M	USD	Annual
Net income	`NetIncomeLoss`	$260.34M	USD	Annual
Basic income per share	`EarningsPerShareBasic`	$5.49	USD	Annual
Basic income per share	`EarningsPerShareBasic`	$5.94	USD	Annual
Basic income per share	`EarningsPerShareBasic`	$5.75	USD	Annual
Diluted income per share	`EarningsPerShareDiluted`	$5.73	USD	Annual
Diluted income per share	`EarningsPerShareDiluted`	$5.45	USD	Annual
Diluted income per share	`EarningsPerShareDiluted`	$5.92	USD	Annual
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	46.88M	shares	Annual
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	32.13M	shares	Annual
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	43.84M	shares	Annual
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.96M	shares	Annual
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.16M	shares	Annual
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.24M	shares	Annual

Cash Flow Statement 97 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$184.68M	USD	Annual
Net income	`ProfitLoss`	$257.20M	USD	Annual
Net income	`ProfitLoss`	$260.34M	USD	Annual
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$10.66M	USD	Annual
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$11.53M	USD	Annual
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$12.64M	USD	Annual
Reversal of credit loss reserve	`ProvisionForDoubtfulAccounts`	$-5.00M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortizationExcludingIntangibleAssets`	$22.76M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortizationExcludingIntangibleAssets`	$21.99M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortizationExcludingIntangibleAssets`	$21.23M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$8.42M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$8.42M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$8.42M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$5.67M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$3.14M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$401.00K	USD	Annual
Other, including fixed asset impairments	`OtherNoncashIncomeExpense`	$-571.00K	USD	Annual
Other, including fixed asset impairments	`OtherNoncashIncomeExpense`	$-677.00K	USD	Annual
Other, including fixed asset impairments	`OtherNoncashIncomeExpense`	$-853.00K	USD	Annual
Allowance for credit losses	`FinancingReceivableAllowanceForCreditLosses`	$5.00M	USD	Point-in-time
Accounts receivable and interest receivable from university partners	`IncreaseDecreaseInAccountsReceivable`	$2.86M	USD	Annual
Accounts receivable and interest receivable from university partners	`IncreaseDecreaseInAccountsReceivable`	$7.35M	USD	Annual
Accounts receivable and interest receivable from university partners	`IncreaseDecreaseInAccountsReceivable`	$13.25M	USD	Annual
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$621.00K	USD	Annual
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.60M	USD	Annual
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$256.00K	USD	Annual
Right-of-use assets and lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilitiesRecognizedInExchangeForRightOfUseAssets`	$1.19M	USD	Annual
Right-of-use assets and lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilitiesRecognizedInExchangeForRightOfUseAssets`	$2.15M	USD	Annual
Right-of-use assets and lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilitiesRecognizedInExchangeForRightOfUseAssets`	$545.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$7.39M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$1.01M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-3.89M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$4.15M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$18.61M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.02M	USD	Annual
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$509.00K	USD	Annual
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$4.76M	USD	Annual
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-279.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits`	$10.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits`	$-20.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits`	$-10.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$308.82M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$313.12M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$220.82M	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$35.23M	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$29.42M	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$28.88M	USD	Annual
Additions of amortizable content	`PaymentsToDevelopEducationResources`	$397.00K	USD	Annual
Additions of amortizable content	`PaymentsToDevelopEducationResources`	$515.00K	USD	Annual
Additions of amortizable content	`PaymentsToDevelopEducationResources`	$524.00K	USD	Annual
Funding to GCU	`PaymentsToFundNotesReceivable`	$190.00M	USD	Annual
Funding to GCU	`PaymentsToFundNotesReceivable`	$75.00M	USD	Annual
Repayment by GCU	`ProceedsFromCollectionOfNotesReceivable`	$75.00M	USD	Annual
Repayment by GCU	`ProceedsFromCollectionOfNotesReceivable`	$1.16B	USD	Annual
Repayment by GCU	`ProceedsFromCollectionOfNotesReceivable`	$500.00M	USD	Point-in-time
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$56.34M	USD	Annual
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$171.55M	USD	Annual
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$66.79M	USD	Annual
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$110.04M	USD	Annual
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$10.59M	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.35M	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-97.14M	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$950.98M	USD	Annual
Principal payments on notes payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$107.77M	USD	Annual
Principal payments on notes payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$33.14M	USD	Annual
Repurchase of common shares and shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$134.01M	USD	Annual
Repurchase of common shares and shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$803.83M	USD	Annual
Repurchase of common shares and shares withheld in lieu of income taxes	`PaymentsForRepurchaseOfCommonStock`	$604.21M	USD	Annual
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$883.00K	USD	Annual
Net proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.68M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-908.93M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-604.21M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-166.28M	USD	Annual
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-480.53M	USD	Annual
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$355.17M	USD	Annual
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$123.20M	USD	Annual
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`	$600.94M	USD	Point-in-time
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`	$120.41M	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`	$600.94M	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`	$120.41M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$4.31M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$3.70M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$2.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$68.38M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$61.90M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$48.57M	USD	Annual
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$1.21M	USD	Annual
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$1.13M	USD	Annual
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$1.54M	USD	Annual
Allowance for credit losses of $5,000, net of taxes of $1,168 from adoption of ASU 2016-13	`FinancingReceivableCreditLossExpenseReversalNetOfTax`	$3.83M	USD	Annual
ROU Asset and Liability recognition	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$15.07M	USD	Annual
ROU Asset and Liability recognition	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$33.25M	USD	Annual
ROU Asset and Liability recognition	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$3.37M	USD	Annual

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$1.44B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$637.62M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.57B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.05B	USD	Point-in-time
Beginning Balance, treasury shares	`TreasuryStockCommonShares`	22.77M	shares	Point-in-time
Beginning Balance, treasury shares	`TreasuryStockCommonShares`	15.91M	shares	Point-in-time
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$260.34M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$257.20M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$184.14M	USD	Annual
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$797.84M	USD	Annual
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$599.59M	USD	Annual
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$129.04M	USD	Annual
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$8.02M	USD	Annual
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$5.53M	USD	Annual
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$5.69M	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$883.00K	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.68M	USD	Annual
Ending Balance	`StockholdersEquity`	$1.44B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$637.62M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.57B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.05B	USD	Point-in-time
Ending Balance, treasury shares	`TreasuryStockCommonShares`	22.77M	shares	Point-in-time
Ending Balance, treasury shares	`TreasuryStockCommonShares`	15.91M	shares	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$184.68M	USD	Annual
Net income	`NetIncomeLoss`	$257.20M	USD	Annual
Unrealized gains (losses) on available for sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$168.00K	USD	Annual
Net income	`NetIncomeLoss`	$260.34M	USD	Annual
Unrealized losses on available-for-sale securities, net of taxes of $168 for the year ended December 31, 2022	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-533.00K	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$260.34M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$257.20M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$184.14M	USD	Annual

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