10-Q Filing

PATTERSON UTI ENERGY INC CIK: 889900 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001564590-15-002881`
Period End Date	20150331
Filing Date	20150427
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	pten-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 44 Cash Flow Statement 70 Stockholders Equity 17 Comprehensive Income 8

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.54M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.55M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$257.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$249.51M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$86.92M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.01M	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $3,537 and $3,546 at March 31, 2015 and December 31, 2014, respectively	`AccountsReceivableNetCurrent`	$484.99M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $3,537 and $3,546 at March 31, 2015 and December 31, 2014, respectively	`AccountsReceivableNetCurrent`	$663.40M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Federal and state income taxes receivable	`IncomeTaxesReceivable`	$81.73M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Inventory	`InventoryNet`	$32.25M	USD	Point-in-time
Inventory	`InventoryNet`	$28.35M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	189.26M	shares	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$37.08M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$39.93M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	189.27M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	146.45M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	146.44M	shares	Point-in-time
Other	`OtherAssetsCurrent`	$47.45M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$51.62M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	42.82M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	42.82M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$687.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$909.09M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.13B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.22B	USD	Point-in-time
Goodwill and intangible assets	`IntangibleAssetsNetIncludingGoodwill`	$219.90M	USD	Point-in-time
Goodwill and intangible assets	`IntangibleAssetsNetIncludingGoodwill`	$220.81M	USD	Point-in-time
Deposits on equipment purchases	`DepositsAssetsNoncurrent`	$112.38M	USD	Point-in-time
Deposits on equipment purchases	`DepositsAssetsNoncurrent`	$80.16M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$20.66M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$20.82M	USD	Point-in-time
Total assets	`Assets`	$5.39B	USD	Point-in-time
Total assets	`Assets`	$5.23B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$315.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$382.44M	USD	Point-in-time
Federal and state income taxes payable	`AccruedIncomeTaxesCurrent`	$30.99M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$173.47M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$178.88M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$12.50M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$35.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$560.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$568.40M	USD	Point-in-time
Borrowings under revolving credit facility	`LongTermLineOfCredit`	$303.00M	USD	Point-in-time
Other long-term debt	`OtherLongTermDebtNoncurrent`	$670.00M	USD	Point-in-time
Other long-term debt	`OtherLongTermDebtNoncurrent`	$845.00M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$-914.71M	USD	Point-in-time
Deferred tax liabilities, net	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$-935.66M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$12.04M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$11.14M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.33B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.49B	USD	Point-in-time
Commitments and contingencies (see Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $.01; authorized 1,000,000 shares, no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $.01; authorized 1,000,000 shares, no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $.01; authorized 300,000,000 shares with 189,265,286 and 189,262,876 issued and 146,446,701 and 146,444,291 outstanding at March 31, 2015 and December 31, 2014	`CommonStockValue`	$1.89M	USD	Point-in-time
Common stock, par value $.01; authorized 300,000,000 shares with 189,265,286 and 189,262,876 issued and 146,446,701 and 146,444,291 outstanding at March 31, 2015 and December 31, 2014	`CommonStockValue`	$1.89M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$984.67M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$991.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.81B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.81B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.46M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.12M	USD	Point-in-time
Treasury stock, at cost, 42,818,585 shares at March 31, 2015 and December 31, 2014	`TreasuryStockValue`	$899.03M	USD	Point-in-time
Treasury stock, at cost, 42,818,585 shares at March 31, 2015 and December 31, 2014	`TreasuryStockValue`	$899.03M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.91B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.90B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.23B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.39B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Total operating revenues	`SalesRevenueNet`	$678.17M	USD	1 Quarter
Total operating revenues	`SalesRevenueNet`	$657.70M	USD	1 Quarter
Contract drilling	`ContractDrillingExpenses`	$212.81M	USD	1 Quarter
Contract drilling	`ContractDrillingExpenses`	$251.06M	USD	1 Quarter
Pressure pumping	`PressurePumpingOperatingCost`	$212.72M	USD	1 Quarter
Pressure pumping	`PressurePumpingOperatingCost`	$199.81M	USD	1 Quarter
Oil and natural gas	`OilAndGasProductionExpense`	$3.27M	USD	1 Quarter
Oil and natural gas	`OilAndGasProductionExpense`	$2.80M	USD	1 Quarter
Depreciation, depletion, amortization and impairment	`DepreciationDepletionAmortizationAndImpairment`	$147.32M	USD	1 Quarter
Depreciation, depletion, amortization and impairment	`DepreciationDepletionAmortizationAndImpairment`	$175.38M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$32.80M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$19.67M	USD	1 Quarter
Net gain on asset disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$1.74M	USD	1 Quarter
Net gain on asset disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$2.92M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$619.39M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$633.60M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$58.78M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$24.10M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$283.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$176.00K	USD	1 Quarter
Interest expense, net of amount capitalized	`InterestExpense`	$8.54M	USD	1 Quarter
Interest expense, net of amount capitalized	`InterestExpense`	$7.19M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-8.26M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-7.01M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$51.76M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.85M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$26.93M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$30.52M	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$-23.80M	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$-9.99M	USD	1 Quarter
Total income tax expense	`IncomeTaxExpenseBenefit`	$16.94M	USD	1 Quarter
Total income tax expense	`IncomeTaxExpenseBenefit`	$6.72M	USD	1 Quarter
Net income	`ProfitLoss`	$34.82M	USD	1 Quarter
Net income	`ProfitLoss`	$9.12M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.06	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.24	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	142.89M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	144.98M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	145.75M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	145.10M	shares	1 Quarter
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	1 Quarter
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.10	USD	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Interest expense, capitalized interest	`InterestPaidCapitalized`	$1.67M	USD	1 Quarter
Interest expense, capitalized interest	`InterestPaidCapitalized`	$1.59M	USD	1 Quarter
Net income	`ProfitLoss`	$34.82M	USD	1 Quarter
Net income	`ProfitLoss`	$9.12M	USD	1 Quarter
Depreciation, depletion, amortization and impairment	`DepreciationDepletionAmortizationAndImpairment`	$147.32M	USD	1 Quarter
Depreciation, depletion, amortization and impairment	`DepreciationDepletionAmortizationAndImpairment`	$175.38M	USD	1 Quarter
Tax expense on stock based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$34.00K	USD	1 Quarter
Dry holes and abandonments	`ExplorationAbandonmentAndImpairmentExpense`	$46.00K	USD	1 Quarter
Dry holes and abandonments	`ExplorationAbandonmentAndImpairmentExpense`	$283.00K	USD	1 Quarter
Deferred income tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$-23.80M	USD	1 Quarter
Deferred income tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$-9.99M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$6.86M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$6.71M	USD	1 Quarter
Net gain on asset disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$1.74M	USD	1 Quarter
Net gain on asset disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$2.92M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$35.43M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-176.67M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$14.18M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$112.71M	USD	1 Quarter
Inventory and other assets	`IncreaseDecreaseInInventoriesAndOtherOperatingAssets`	$-9.72M	USD	1 Quarter
Inventory and other assets	`IncreaseDecreaseInInventoriesAndOtherOperatingAssets`	$-2.51M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-65.20M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$22.26M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$5.56M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.65M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$221.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$857.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$179.50M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$404.99M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$170.37M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$241.47M	USD	1 Quarter
Proceeds from disposal of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.83M	USD	1 Quarter
Proceeds from disposal of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.59M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-235.64M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-163.78M	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$43.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$14.64M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$14.46M	USD	1 Quarter
Tax benefit related to stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.96M	USD	1 Quarter
Tax benefit related to stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.94M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$200.00M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$2.50M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$2.50M	USD	1 Quarter
Proceeds from borrowings under revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$54.00M	USD	1 Quarter
Repayment of borrowings under revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$357.00M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$8.03M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-7.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-122.08M	USD	1 Quarter
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-473.00K	USD	1 Quarter
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.36M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$43.91M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.24M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$257.75M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$249.51M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$86.92M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$43.01M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$257.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$249.51M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$86.92M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$43.01M	USD	Point-in-time
Interest, net of capitalized interest of $1,592 in 2015 and $1,667 in 2014	`InterestPaidNet`	$783.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$83.14M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$-10.00M	USD	1 Quarter
Net (decrease) increase in payables for purchases of property and equipment	`IncreaseDecreaseInPayablesRelatedToPurchasesOfPropertyAndEquipment`	$-884.00K	USD	1 Quarter
Net (decrease) increase in payables for purchases of property and equipment	`IncreaseDecreaseInPayablesRelatedToPurchasesOfPropertyAndEquipment`	$68.80M	USD	1 Quarter
Net decrease (increase) in deposits on equipment purchases	`NetDecreaseIncreaseInDepositsOnEquipmentPurchases`	$-4.68M	USD	1 Quarter
Net decrease (increase) in deposits on equipment purchases	`NetDecreaseIncreaseInDepositsOnEquipmentPurchases`	$32.22M	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.91B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.90B	USD	Point-in-time
Beginning Balance (in shares)	`CommonStockSharesIssued`	189.26M	shares	Point-in-time
Beginning Balance (in shares)	`CommonStockSharesIssued`	189.27M	shares	Point-in-time
Net income	`ProfitLoss`	$34.82M	USD	1 Quarter
Net income	`ProfitLoss`	$9.12M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.58M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.35M	USD	1 Quarter
Issuance of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	1 Quarter
Forfeitures of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.86M	USD	1 Quarter
Tax expense related to stock-based compensation	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	$-34.00K	USD	1 Quarter
Payment of cash dividends	`DividendsCommonStockCash`	$14.64M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.91B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.90B	USD	Point-in-time
Ending Balance (in shares)	`CommonStockSharesIssued`	189.26M	shares	Point-in-time
Ending Balance (in shares)	`CommonStockSharesIssued`	189.27M	shares	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Other comprehensive income (loss), taxes	`OtherComprehensiveIncomeLossTax`	-	USD	1 Quarter
Net income	`ProfitLoss`	$34.82M	USD	1 Quarter
Other comprehensive income (loss), taxes	`OtherComprehensiveIncomeLossTax`	-	USD	1 Quarter
Net income	`ProfitLoss`	$9.12M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.58M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.35M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$547.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$31.47M	USD	1 Quarter

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