10-Q Filing

GLOBUS MEDICAL INC CIK: 1237831 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001562762-23-000307`
Period End Date	20230630
Filing Date	20230803
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	gmed-20230630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 101 Cash Flow Statement 71 Stockholders Equity 32

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.25M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.72M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$150.77M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$306.45M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$193.07M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$150.47M	USD	Point-in-time
Short-term marketable securities	`MarketableSecuritiesCurrent`	$295.59M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$343.04M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$364.21M	USD	Point-in-time
Short-term marketable securities	`MarketableSecuritiesCurrent`	$306.38M	USD	Point-in-time
Accounts receivable, net of allowances of $6,245 and $4,724, respectively	`AccountsReceivableNetCurrent`	$240.18M	USD	Point-in-time
Accounts receivable, net of allowances of $6,245 and $4,724, respectively	`AccountsReceivableNetCurrent`	$213.25M	USD	Point-in-time
Inventories	`InventoryNet`	$335.56M	USD	Point-in-time
Inventories	`InventoryNet`	$298.98M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$19.68M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	775.00M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$4.06M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$1.76M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$983.34M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.21B	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $364,215 and $343,036, respectively	`PropertyPlantAndEquipmentNet`	$248.05M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $364,215 and $343,036, respectively	`PropertyPlantAndEquipmentNet`	$243.73M	USD	Point-in-time
Long-term marketable securities	`MarketableSecuritiesNoncurrent`	$391.52M	USD	Point-in-time
Long-term marketable securities	`MarketableSecuritiesNoncurrent`	$495.85M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$54.90M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$63.57M	USD	Point-in-time
Goodwill	`Goodwill`	$197.47M	USD	Point-in-time
Goodwill	`Goodwill`	$198.93M	USD	Point-in-time
Goodwill	`Goodwill`	$179.71M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$43.31M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$47.22M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$61.84M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$48.84M	USD	Point-in-time
Total assets	`Assets`	$2.21B	USD	Point-in-time
Total assets	`Assets`	$2.08B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$36.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$33.81M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$89.61M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$94.70M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$990.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.76M	USD	Point-in-time
Business acquisition liabilities	`BusinessAcquisitionLiabilitiesCurrent`	$13.60M	USD	Point-in-time
Business acquisition liabilities	`BusinessAcquisitionLiabilitiesCurrent`	$13.31M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$14.10M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$14.95M	USD	Point-in-time
Payable to broker	`PayablesToBrokerDealersAndClearingOrganizations`	$1.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$155.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$159.20M	USD	Point-in-time
Business acquisition liabilities, net of current portion	`BusinessAcquisitionLiabilitiesNoncurrent`	$54.95M	USD	Point-in-time
Business acquisition liabilities, net of current portion	`BusinessAcquisitionLiabilitiesNoncurrent`	$52.45M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$1.78M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$5.30M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$14.43M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$13.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$229.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$227.40M	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$657.24M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$630.95M	USD	Point-in-time
Accumulated other comprehensive income/(loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.07M	USD	Point-in-time
Accumulated other comprehensive income/(loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-24.63M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.24B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.35B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.70B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.74B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.85B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.91B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.99B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.79B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.21B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.08B	USD	Point-in-time

Income Statement 101 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$263.65M	USD	1 Quarter
Net sales	`Revenues`	$291.62M	USD	1 Quarter
Net sales	`Revenues`	$494.20M	USD	2 Qtrs
Net sales	`Revenues`	$568.30M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$147.30M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$76.47M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$68.47M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$127.64M	USD	2 Qtrs
Gross profit	`GrossProfit`	$421.00M	USD	2 Qtrs
Gross profit	`GrossProfit`	$366.56M	USD	2 Qtrs
Gross profit	`GrossProfit`	$215.14M	USD	1 Quarter
Gross profit	`GrossProfit`	$195.18M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$17.39M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$21.35M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$42.43M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$34.81M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$120.07M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$106.72M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$207.47M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$242.49M	USD	2 Qtrs
Provision for litigation, net	`LitigationSettlementExpense`	$2.34M	USD	2 Qtrs
Provision for litigation, net	`LitigationSettlementExpense`	$-2.74M	USD	1 Quarter
Provision for litigation, net	`LitigationSettlementExpense`	$-2.74M	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$9.15M	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$8.90M	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$4.55M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$4.39M	USD	1 Quarter
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$7.07M	USD	2 Qtrs
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$-1.10M	USD	1 Quarter
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$-1.18M	USD	2 Qtrs
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$5.71M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$298.39M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$148.93M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$127.40M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$252.34M	USD	2 Qtrs
Operating income/(loss)	`OperatingIncomeLoss`	$66.21M	USD	1 Quarter
Operating income/(loss)	`OperatingIncomeLoss`	$67.78M	USD	1 Quarter
Operating income/(loss)	`OperatingIncomeLoss`	$114.22M	USD	2 Qtrs
Operating income/(loss)	`OperatingIncomeLoss`	$122.61M	USD	2 Qtrs
Interest income/(expense), net	`InterestIncomeExpenseNet`	$5.02M	USD	2 Qtrs
Interest income/(expense), net	`InterestIncomeExpenseNet`	$2.48M	USD	1 Quarter
Interest income/(expense), net	`InterestIncomeExpenseNet`	$8.29M	USD	1 Quarter
Interest income/(expense), net	`InterestIncomeExpenseNet`	$14.79M	USD	2 Qtrs
Foreign currency transaction gain/(loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.50M	USD	2 Qtrs
Foreign currency transaction gain/(loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-548.00K	USD	1 Quarter
Foreign currency transaction gain/(loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-336.00K	USD	2 Qtrs
Foreign currency transaction gain/(loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.11M	USD	1 Quarter
Other income/(expense)	`OtherNonoperatingIncomeExpenseOther`	$716.00K	USD	1 Quarter
Other income/(expense)	`OtherNonoperatingIncomeExpenseOther`	$1.70M	USD	2 Qtrs
Other income/(expense)	`OtherNonoperatingIncomeExpenseOther`	$793.00K	USD	2 Qtrs
Other income/(expense)	`OtherNonoperatingIncomeExpenseOther`	$1.40M	USD	1 Quarter
Total other income/(expense), net	`OtherNonoperatingIncomeExpense`	$5.22M	USD	2 Qtrs
Total other income/(expense), net	`OtherNonoperatingIncomeExpense`	$15.25M	USD	2 Qtrs
Total other income/(expense), net	`OtherNonoperatingIncomeExpense`	$8.46M	USD	1 Quarter
Total other income/(expense), net	`OtherNonoperatingIncomeExpense`	$2.76M	USD	1 Quarter
Income/(loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$70.54M	USD	1 Quarter
Income/(loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$119.44M	USD	2 Qtrs
Income/(loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$74.67M	USD	1 Quarter
Income/(loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$137.86M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$16.96M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$31.02M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$26.76M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$15.95M	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$57.71M	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$106.84M	USD	2 Qtrs
Net income/(loss)	`NetIncomeLoss`	$54.59M	USD	1 Quarter
Net income/(loss)	`NetIncomeLoss`	$92.67M	USD	2 Qtrs
Unrealized gain/(loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-13.86M	USD	2 Qtrs
Unrealized gain/(loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-5.03M	USD	1 Quarter
Unrealized gain/(loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$40.00K	USD	1 Quarter
Unrealized gain/(loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$4.34M	USD	2 Qtrs
Foreign currency translation gain/(loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-3.17M	USD	1 Quarter
Foreign currency translation gain/(loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$315.00K	USD	1 Quarter
Foreign currency translation gain/(loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-4.74M	USD	2 Qtrs
Foreign currency translation gain/(loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.23M	USD	2 Qtrs
Total other comprehensive income/(loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-18.60M	USD	2 Qtrs
Total other comprehensive income/(loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$355.00K	USD	1 Quarter
Total other comprehensive income/(loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$5.56M	USD	2 Qtrs
Total other comprehensive income/(loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-8.20M	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$58.07M	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$46.39M	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$54.34M	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$112.40M	USD	2 Qtrs
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$27.69M	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$74.08M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.92	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.06	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.54	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.57	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.57	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.05	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.90	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	101.14M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	100.67M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	100.37M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	100.33M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	101.78M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	102.88M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	101.99M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	103.48M	shares	2 Qtrs

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$57.71M	USD	1 Quarter
Net income	`NetIncomeLoss`	$106.84M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$54.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$92.67M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$33.76M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$36.18M	USD	2 Qtrs
Amortization of premium (discount) on marketable securities	`InvestmentIncomeNetAmortizationOfDiscountAndPremium`	$-786.00K	USD	2 Qtrs
Amortization of premium (discount) on marketable securities	`InvestmentIncomeNetAmortizationOfDiscountAndPremium`	$-3.21M	USD	2 Qtrs
Write-down for excess and obsolete inventories, net	`InventoryWriteDown`	$3.97M	USD	2 Qtrs
Write-down for excess and obsolete inventories, net	`InventoryWriteDown`	$4.07M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$17.54M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$15.99M	USD	2 Qtrs
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.86M	USD	2 Qtrs
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-528.00K	USD	2 Qtrs
Change in fair value of business acquisition liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$3.28M	USD	2 Qtrs
Change in fair value of business acquisition liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-1.39M	USD	2 Qtrs
Change in deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-7.94M	USD	2 Qtrs
Change in deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-11.16M	USD	2 Qtrs
(Gain)/loss on disposal of assets, net	`GainLossOnDispositionOfAssets1`	$-200.00K	USD	2 Qtrs
(Gain)/loss on disposal of assets, net	`GainLossOnDispositionOfAssets1`	$-129.00K	USD	2 Qtrs
Payment of business acquisition related liabilities	`PaymentForContingentConsiderationLiabilityOperatingActivities`	$1.10M	USD	2 Qtrs
Payment of business acquisition related liabilities	`PaymentForContingentConsiderationLiabilityOperatingActivities`	$1.49M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$30.22M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$28.24M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$31.42M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$38.66M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.10M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.27M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$12.38M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.77M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-888.00K	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-7.41M	USD	2 Qtrs
Income taxes payable/receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.96M	USD	2 Qtrs
Income taxes payable/receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.05M	USD	2 Qtrs
Net cash provided by/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$81.57M	USD	2 Qtrs
Net cash provided by/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$88.34M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$81.38M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$179.10M	USD	2 Qtrs
Maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$159.33M	USD	2 Qtrs
Maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$170.57M	USD	2 Qtrs
Sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$21.79M	USD	2 Qtrs
Sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$66.66M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$43.72M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$33.86M	USD	2 Qtrs
Acquisition of businesses, net of cash acquired and purchases of intangible and other assets	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.18M	USD	2 Qtrs
Acquisition of businesses, net of cash acquired and purchases of intangible and other assets	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.66M	USD	2 Qtrs
Net cash provided by/(used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$63.21M	USD	2 Qtrs
Net cash provided by/(used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$13.23M	USD	2 Qtrs
Payment of business acquisition liabilities	`PaymentOfBusinessAcquisitionLiabilities`	$3.55M	USD	2 Qtrs
Payment of business acquisition liabilities	`PaymentOfBusinessAcquisitionLiabilities`	$4.03M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$11.33M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$8.06M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$144.49M	USD	2 Qtrs
Net cash provided by/(used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.02M	USD	2 Qtrs
Net cash provided by/(used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-136.72M	USD	2 Qtrs
Effect of foreign exchange rates on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$407.00K	USD	2 Qtrs
Effect of foreign exchange rates on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-387.00K	USD	2 Qtrs
Net increase/(decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$155.99M	USD	2 Qtrs
Net increase/(decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-42.30M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$150.77M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$306.45M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$193.07M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$150.47M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$150.77M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$306.45M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$193.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$150.47M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	$38.98M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	$36.70M	USD	2 Qtrs
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$5.02M	USD	2 Qtrs
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$5.37M	USD	2 Qtrs

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Total equity, beginning of period	`StockholdersEquity`	$1.70B	USD	Point-in-time
Total equity, beginning of period	`StockholdersEquity`	$1.74B	USD	Point-in-time
Total equity, beginning of period	`StockholdersEquity`	$1.85B	USD	Point-in-time
Total equity, beginning of period	`StockholdersEquity`	$1.91B	USD	Point-in-time
Total equity, beginning of period	`StockholdersEquity`	$1.99B	USD	Point-in-time
Total equity, beginning of period	`StockholdersEquity`	$1.79B	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.35M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.64M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.02M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.03M	USD	1 Quarter
Grant of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$340.00K	USD	1 Quarter
Grant of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$196.00K	USD	1 Quarter
Grant of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$219.00K	USD	1 Quarter
Grant of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$220.00K	USD	1 Quarter
Exercise of stock options (shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	251,000.00	shares	2 Qtrs
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$4.86M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$7.75M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.58M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.20M	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$58.07M	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$46.39M	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$54.34M	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$112.40M	USD	2 Qtrs
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$27.69M	USD	1 Quarter
Comprehensive income/(loss)	`ComprehensiveIncomeNetOfTax`	$74.08M	USD	2 Qtrs
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$144.49M	USD	1 Quarter
Total equity, end of period	`StockholdersEquity`	$1.70B	USD	Point-in-time
Total equity, end of period	`StockholdersEquity`	$1.74B	USD	Point-in-time
Total equity, end of period	`StockholdersEquity`	$1.85B	USD	Point-in-time
Total equity, end of period	`StockholdersEquity`	$1.91B	USD	Point-in-time
Total equity, end of period	`StockholdersEquity`	$1.99B	USD	Point-in-time
Total equity, end of period	`StockholdersEquity`	$1.79B	USD	Point-in-time

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