10-K Filing

GRAND CANYON EDUCATION, INC. CIK: 1434588 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001558370-24-001060`
Period End Date	20231231
Filing Date	20240213
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	lope-20231231x10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 52 Cash Flow Statement 91 Stockholders Equity 22 Comprehensive Income 10

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`	$120.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$146.47M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$98.03M	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`	$61.30M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$78.81M	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
Income tax receivable	`IncomeTaxesReceivable`	$1.32M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	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 issued	`CommonStockSharesIssued`	53.83M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$12.89M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	53.97M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$11.37M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	29.95M	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
Total current assets	`AssetsCurrent`	$337.52M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$169.70M	USD	Point-in-time
Treasury stock, common shares	`TreasuryStockCommonShares`	22.77M	shares	Point-in-time
Treasury stock, common shares	`TreasuryStockCommonShares`	24.02M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$147.50M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$92.45M	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`	$168.38M	USD	Point-in-time
Goodwill	`Goodwill`	$160.77M	USD	Point-in-time
Goodwill	`Goodwill`	$160.77M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.64M	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`	$930.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.68M	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`	$31.36M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$26.73M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$22.47M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$12.17M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$10.25M	USD	Point-in-time
Current portion of lease liability	`OperatingLeaseLiabilityCurrent`	$11.02M	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`	$97.03M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredIncomeTaxLiabilitiesNet`	$26.75M	USD	Point-in-time
Deferred income taxes, noncurrent	`DeferredIncomeTaxLiabilitiesNet`	$26.20M	USD	Point-in-time
Other long-term liability	`OtherLiabilitiesNoncurrent`	$436.00K	USD	Point-in-time
Other long-term liability	`OtherLiabilitiesNoncurrent`	$410.00K	USD	Point-in-time
Lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$68.79M	USD	Point-in-time
Lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$88.26M	USD	Point-in-time
Total liabilities	`Liabilities`	$212.45M	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, 2023 and December 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at December 31, 2023 and December 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 53,970 and 53,830 shares issued and 29,953 and 31,058 shares outstanding at December 31, 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 29,953 and 31,058 shares outstanding at December 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$538.00K	USD	Point-in-time
Treasury stock, at cost, 24,017 and 22,772 shares of common stock at December 31, 2023 and December 31, 2022, respectively	`TreasuryStockCommonValue`	$1.71B	USD	Point-in-time
Treasury stock, at cost, 24,017 and 22,772 shares of common stock at December 31, 2023 and December 31, 2022, respectively	`TreasuryStockCommonValue`	$1.85B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$309.31M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$322.51M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-533.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-57.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.04B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.24B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$718.01M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$637.62M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.05B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.57B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$832.75M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$930.46M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Service revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$960.90M	USD	Annual
Service revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$896.56M	USD	Annual
Service revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$911.31M	USD	Annual
Technology and academic services	`TechnologyAndAcademicServices`	$154.87M	USD	Annual
Technology and academic services	`TechnologyAndAcademicServices`	$132.08M	USD	Annual
Technology and academic services	`TechnologyAndAcademicServices`	$150.49M	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`	$302.32M	USD	Annual
Marketing and communication	`MarketingExpense`	$202.80M	USD	Annual
Marketing and communication	`MarketingExpense`	$196.09M	USD	Annual
Marketing and communication	`MarketingExpense`	$182.87M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$45.49M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$41.83M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$43.23M	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
Total costs and expenses	`CostsAndExpenses`	$614.37M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$711.64M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$673.81M	USD	Annual
Operating income	`OperatingIncomeLoss`	$282.19M	USD	Annual
Operating income	`OperatingIncomeLoss`	$249.26M	USD	Annual
Operating income	`OperatingIncomeLoss`	$237.50M	USD	Annual
Interest income on Secured Note	`InterestIncomeOnNoteReceivable`	$52.09M	USD	Annual
Interest expense	`InterestExpense`	$3.60M	USD	Annual
Interest expense	`InterestExpense`	$33.00K	USD	Annual
Interest expense	`InterestExpense`	$2.00K	USD	Annual
Investment interest and other	`InvestmentIncomeNonoperating`	$2.62M	USD	Annual
Investment interest and other	`InvestmentIncomeNonoperating`	$610.00K	USD	Annual
Investment interest and other	`InvestmentIncomeNonoperating`	$10.45M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$331.29M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$240.12M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$259.68M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$70.94M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$54.69M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$55.44M	USD	Annual
Net income	`NetIncomeLoss`	$204.99M	USD	Annual
Net income	`NetIncomeLoss`	$260.34M	USD	Annual
Net income	`NetIncomeLoss`	$184.68M	USD	Annual
Basic income per share	`EarningsPerShareBasic`	$5.94	USD	Annual
Basic income per share	`EarningsPerShareBasic`	$6.83	USD	Annual
Basic income per share	`EarningsPerShareBasic`	$5.75	USD	Annual
Diluted income per share	`EarningsPerShareDiluted`	$5.92	USD	Annual
Diluted income per share	`EarningsPerShareDiluted`	$5.73	USD	Annual
Diluted income per share	`EarningsPerShareDiluted`	$6.80	USD	Annual
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	32.13M	shares	Annual
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	43.84M	shares	Annual
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	29.99M	shares	Annual
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.96M	shares	Annual
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.24M	shares	Annual
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.15M	shares	Annual

Cash Flow Statement 91 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$260.34M	USD	Annual
Net income	`ProfitLoss`	$204.99M	USD	Annual
Net income	`ProfitLoss`	$184.68M	USD	Annual
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$11.53M	USD	Annual
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$12.64M	USD	Annual
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$13.20M	USD	Annual
Reversal of credit loss reserve	`ProvisionForDoubtfulAccounts`	$-5.00M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortizationExcludingIntangibleAssets`	$21.99M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortizationExcludingIntangibleAssets`	$23.55M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortizationExcludingIntangibleAssets`	$22.76M	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`	$401.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$402.00K	USD	Annual
Other, including fixed asset disposals	`OtherNoncashIncomeExpense`	$-677.00K	USD	Annual
Other, including fixed asset disposals	`OtherNoncashIncomeExpense`	$442.00K	USD	Annual
Other, including fixed asset disposals	`OtherNoncashIncomeExpense`	$-853.00K	USD	Annual
Accounts receivable from university partners	`IncreaseDecreaseInAccountsReceivable`	$7.35M	USD	Annual
Accounts receivable from university partners	`IncreaseDecreaseInAccountsReceivable`	$2.86M	USD	Annual
Accounts receivable from university partners	`IncreaseDecreaseInAccountsReceivable`	$1.40M	USD	Annual
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$256.00K	USD	Annual
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.64M	USD	Annual
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.60M	USD	Annual
Right-of-use assets and lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilitiesRecognizedInExchangeForRightOfUseAssets`	$545.00K	USD	Annual
Right-of-use assets and lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilitiesRecognizedInExchangeForRightOfUseAssets`	$1.19M	USD	Annual
Right-of-use assets and lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilitiesRecognizedInExchangeForRightOfUseAssets`	$2.10M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-3.89M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$7.39M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-3.11M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$4.15M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.02M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.97M	USD	Annual
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-445.00K	USD	Annual
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$4.76M	USD	Annual
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$509.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits`	$10.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits`	$-10.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$243.66M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$220.82M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$313.12M	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$35.23M	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$28.88M	USD	Annual
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$44.54M	USD	Annual
Additions of amortizable content	`PaymentsToDevelopEducationResources`	$897.00K	USD	Annual
Additions of amortizable content	`PaymentsToDevelopEducationResources`	$397.00K	USD	Annual
Additions of amortizable content	`PaymentsToDevelopEducationResources`	$515.00K	USD	Annual
Funding to GCU	`PaymentsToFundNotesReceivable`	$190.00M	USD	Annual
Repayment by GCU	`ProceedsFromCollectionOfNotesReceivable`	$1.16B	USD	Annual
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$98.85M	USD	Annual
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$56.34M	USD	Annual
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$171.55M	USD	Annual
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$110.04M	USD	Annual
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$66.79M	USD	Annual
Proceeds from sale or maturity of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$63.81M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$950.98M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-97.14M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-80.47M	USD	Annual
Principal payments on notes payable	`RepaymentsOfDebtAndCapitalLeaseObligations`	$107.77M	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`	$137.12M	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`	$2.68M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-137.12M	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 increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$26.07M	USD	Annual
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$355.17M	USD	Annual
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-480.53M	USD	Annual
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$146.47M	USD	Point-in-time
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`	$120.41M	USD	Point-in-time
Cash and cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$146.47M	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`	$120.41M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$3.70M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$2.00K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$33.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$48.57M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$59.03M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$61.90M	USD	Annual
Purchases of property and equipment included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$1.91M	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
ROU Asset and Liability recognition	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$15.07M	USD	Annual
ROU Asset and Liability recognition	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$3.37M	USD	Annual
ROU Asset and Liability recognition	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$19.73M	USD	Annual
Excise tax on treasury stock repurchases	`ExciseTaxTreasuryStockRepurchases`	$1.15M	USD	Annual

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$718.01M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$637.62M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.05B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.57B	USD	Point-in-time
Beginning Balance, treasury shares	`TreasuryStockCommonShares`	22.77M	shares	Point-in-time
Beginning Balance, treasury shares	`TreasuryStockCommonShares`	24.02M	shares	Point-in-time
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$184.14M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$260.34M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$205.46M	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`	$131.94M	USD	Annual
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$6.87M	USD	Annual
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$5.53M	USD	Annual
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$8.02M	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.68M	USD	Annual
Ending Balance	`StockholdersEquity`	$718.01M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$637.62M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.05B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.57B	USD	Point-in-time
Ending Balance, treasury shares	`TreasuryStockCommonShares`	22.77M	shares	Point-in-time
Ending Balance, treasury shares	`TreasuryStockCommonShares`	24.02M	shares	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$204.99M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$260.34M	USD	Annual
Unrealized gains (losses) on available for sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$151.00K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$184.68M	USD	Annual
Unrealized gains (losses) on available for sale securities, taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$168.00K	USD	Annual
Unrealized gains (losses) on available-for-sale securities, net of taxes of $151 and $168 for the years ended December 31, 2023 and 2022, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-533.00K	USD	Annual
Unrealized gains (losses) on available-for-sale securities, net of taxes of $151 and $168 for the years ended December 31, 2023 and 2022, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$476.00K	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$184.14M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$260.34M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$205.46M	USD	Annual

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