10-Q Filing

GRAND CANYON EDUCATION, INC. CIK: 1434588 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001558370-23-013219`
Period End Date	20230630
Filing Date	20230803
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	lope-20230630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 68 Cash Flow Statement 63 Stockholders Equity 30 Comprehensive Income 18

Balance Sheet 83 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`	$142.93M	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$90.44M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$77.41M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$24.68M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$9.04M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	53.97M	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
Other current assets	`OtherAssetsCurrent`	$12.46M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.06M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$273.27M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.40M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$279.55M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$147.50M	USD	Point-in-time
Treasury stock, common shares	`TreasuryStockCommonShares`	22.77M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$154.71M	USD	Point-in-time
Treasury stock, common shares	`TreasuryStockCommonShares`	23.57M	shares	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$76.45M	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`	$172.59M	USD	Point-in-time
Goodwill	`Goodwill`	$160.77M	USD	Point-in-time
Goodwill	`Goodwill`	$160.77M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.16M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.69M	USD	Point-in-time
Total assets	`Assets`	$832.75M	USD	Point-in-time
Total assets	`Assets`	$846.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$22.84M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.01M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$36.41M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$28.59M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$22.47M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$30.48M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$12.17M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$75.00K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$9.11M	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$9.34M	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$8.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$99.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$100.44M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredIncomeTaxLiabilitiesNet`	$26.20M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredIncomeTaxLiabilitiesNet`	$27.31M	USD	Point-in-time
Other long-term liability	`OtherLiabilitiesNoncurrent`	$436.00K	USD	Point-in-time
Other long-term liability	`OtherLiabilitiesNoncurrent`	$423.00K	USD	Point-in-time
Lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$68.79M	USD	Point-in-time
Lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$72.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$195.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$200.79M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 53,970 and 53,830 shares issued and 30,398 and 31,058 shares outstanding at June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$540.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 53,970 and 53,830 shares issued and 30,398 and 31,058 shares outstanding at June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$538.00K	USD	Point-in-time
Treasury stock, at cost, 23,572 and 22,772 shares of common stock at June 30, 2023 and December 31, 2022, respectively	`TreasuryStockCommonValue`	$1.71B	USD	Point-in-time
Treasury stock, at cost, 23,572 and 22,772 shares of common stock at June 30, 2023 and December 31, 2022, respectively	`TreasuryStockCommonValue`	$1.80B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$315.93M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$309.31M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-690.00K	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`	$2.13B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$659.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$706.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$606.64M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$645.42M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.05B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$637.62M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$846.22M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$832.75M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Service revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$210.58M	USD	1 Quarter
Service revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$460.70M	USD	2 Qtrs
Service revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$443.89M	USD	2 Qtrs
Service revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$199.75M	USD	1 Quarter
Technology and academic services	`TechnologyAndAcademicServices`	$74.50M	USD	2 Qtrs
Technology and academic services	`TechnologyAndAcademicServices`	$76.47M	USD	2 Qtrs
Technology and academic services	`TechnologyAndAcademicServices`	$38.19M	USD	1 Quarter
Technology and academic services	`TechnologyAndAcademicServices`	$38.96M	USD	1 Quarter
Counseling services and support	`CounselingServicesAndSupport`	$66.03M	USD	1 Quarter
Counseling services and support	`CounselingServicesAndSupport`	$72.39M	USD	1 Quarter
Counseling services and support	`CounselingServicesAndSupport`	$133.54M	USD	2 Qtrs
Counseling services and support	`CounselingServicesAndSupport`	$145.74M	USD	2 Qtrs
Marketing and communication	`MarketingExpense`	$50.81M	USD	1 Quarter
Marketing and communication	`MarketingExpense`	$49.73M	USD	1 Quarter
Marketing and communication	`MarketingExpense`	$103.70M	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`	$10.88M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.85M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$20.66M	USD	2 Qtrs
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
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.10M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$165.91M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$350.78M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$332.58M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$175.13M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$33.84M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$111.31M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$109.92M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$35.44M	USD	1 Quarter
Interest expense	`InterestExpense`	$7.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$5.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$26.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$5.00K	USD	2 Qtrs
Investment interest and other	`InvestmentIncomeNonoperating`	$344.00K	USD	1 Quarter
Investment interest and other	`InvestmentIncomeNonoperating`	$2.59M	USD	1 Quarter
Investment interest and other	`InvestmentIncomeNonoperating`	$4.74M	USD	2 Qtrs
Investment interest and other	`InvestmentIncomeNonoperating`	$549.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$38.02M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$114.64M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$111.85M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.18M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$28.21M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$9.05M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$26.10M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$8.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$83.64M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$28.97M	USD	1 Quarter
Net income	`NetIncomeLoss`	$25.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$88.54M	USD	2 Qtrs
Basic income per share	`EarningsPerShareBasic`	$0.96	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$0.80	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$2.51	USD	2 Qtrs
Basic income per share	`EarningsPerShareBasic`	$2.92	USD	2 Qtrs
Diluted income per share	`EarningsPerShareDiluted`	$0.96	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$2.51	USD	2 Qtrs
Diluted income per share	`EarningsPerShareDiluted`	$0.80	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$2.91	USD	2 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	33.30M	shares	2 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	30.18M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	31.80M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	30.32M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.88M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.38M	shares	2 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.29M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.46M	shares	2 Qtrs

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$88.54M	USD	2 Qtrs
Net income	`ProfitLoss`	$83.64M	USD	2 Qtrs
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$6.36M	USD	2 Qtrs
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$6.62M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortizationExcludingIntangibleAssets`	$11.35M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortizationExcludingIntangibleAssets`	$10.94M	USD	2 Qtrs
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
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.10M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.16M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$732.00K	USD	2 Qtrs
Other, including fixed asset impairments	`OtherNoncashIncomeExpense`	$-631.00K	USD	2 Qtrs
Other, including fixed asset impairments	`OtherNoncashIncomeExpense`	$-842.00K	USD	2 Qtrs
Accounts receivable from university partners	`IncreaseDecreaseInAccountsReceivable`	$-52.73M	USD	2 Qtrs
Accounts receivable from university partners	`IncreaseDecreaseInAccountsReceivable`	$-44.34M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.17M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.33M	USD	2 Qtrs
Right-of-use assets and lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilitiesRecognizedInExchangeForRightOfUseAssets`	$787.00K	USD	2 Qtrs
Right-of-use assets and lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilitiesRecognizedInExchangeForRightOfUseAssets`	$322.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$2.32M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-6.29M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$5.57M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-460.00K	USD	2 Qtrs
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-18.34M	USD	2 Qtrs
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-13.55M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits`	$11.95M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits`	$9.11M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$146.09M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$157.13M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$17.60M	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`	$488.00K	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$73.81M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$91.36M	USD	2 Qtrs
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$43.84M	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`	$-48.06M	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`	$86.56M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-86.56M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-528.01M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-461.54M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$22.52M	USD	2 Qtrs
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`	$600.94M	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, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$142.93M	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`	$600.94M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$120.41M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$142.93M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$26.00K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$5.00K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$38.84M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$42.46M	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`	$1.64M	USD	2 Qtrs
ROU Asset and Liability recognition	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$3.73M	USD	2 Qtrs
ROU Asset and Liability recognition	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$503.00K	USD	2 Qtrs
Excise tax on treasury stock repurchases	`ExciseTaxTreasuryStockRepurchases`	$641.00K	USD	2 Qtrs

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$659.25M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$706.44M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$606.64M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$645.42M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.05B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$637.62M	USD	Point-in-time
Beginning Balance, treasury shares	`TreasuryStockCommonShares`	22.77M	shares	Point-in-time
Beginning Balance, treasury shares	`TreasuryStockCommonShares`	23.57M	shares	Point-in-time
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$83.24M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$57.76M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$88.38M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$59.68M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$25.49M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$28.70M	USD	1 Quarter
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$128.46M	USD	1 Quarter
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$45.77M	USD	1 Quarter
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$35.09M	USD	1 Quarter
Common stock purchased for treasury	`TreasuryStockValueAcquiredCostMethod`	$394.93M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.25M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.17M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-1.44M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-2.96M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$659.25M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$706.44M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$606.64M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$645.42M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.05B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$637.62M	USD	Point-in-time
Ending Balance, treasury shares	`TreasuryStockCommonShares`	22.77M	shares	Point-in-time
Ending Balance, treasury shares	`TreasuryStockCommonShares`	23.57M	shares	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Unrealized gains (losses) on available for sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$86.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$83.64M	USD	2 Qtrs
Unrealized gains (losses) on available for sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$24.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$28.97M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$25.56M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$88.54M	USD	2 Qtrs
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`	$49.00K	USD	2 Qtrs
Unrealized losses on available-for-sale securities, net of taxes of $86 and $24 for the three months ended June 30, 2023 and 2022, respectively, and $49 and $123 for the six months ended June 30, 2023 and 2022, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-276.00K	USD	1 Quarter
Unrealized losses on available-for-sale securities, net of taxes of $86 and $24 for the three months ended June 30, 2023 and 2022, respectively, and $49 and $123 for the six months ended June 30, 2023 and 2022, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-157.00K	USD	2 Qtrs
Unrealized losses on available-for-sale securities, net of taxes of $86 and $24 for the three months ended June 30, 2023 and 2022, respectively, and $49 and $123 for the six months ended June 30, 2023 and 2022, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-398.00K	USD	2 Qtrs
Unrealized losses on available-for-sale securities, net of taxes of $86 and $24 for the three months ended June 30, 2023 and 2022, respectively, and $49 and $123 for the six months ended June 30, 2023 and 2022, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-75.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$83.24M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$57.76M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$88.38M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$59.68M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$25.49M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$28.70M	USD	1 Quarter

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