10-Q Filing

MEDPACE HOLDINGS, INC. CIK: 1668397 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001564590-17-014638`
Period End Date	20170630
Filing Date	20170801
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	medp-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 92 Cash Flow Statement 67 Comprehensive Income 12

Balance Sheet 85 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable and unbilled, net with related parties	`AccountsReceivableAndUnbilledRelatedPartiesCurrent`	$2.30M	USD	Point-in-time
Accounts receivable and unbilled, net with related parties	`AccountsReceivableAndUnbilledRelatedPartiesCurrent`	$1.20M	USD	Point-in-time
Pre-funded study costs with related parties	`PreFundedStudyCostsWithRelatedParties`	$1.50M	USD	Point-in-time
Pre-funded study costs with related parties	`PreFundedStudyCostsWithRelatedParties`	$3.90M	USD	Point-in-time
Advanced billings with related parties	`DeferredRevenueCurrentWithRelatedParties`	$7.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.10M	USD	Point-in-time
Advanced billings with related parties	`DeferredRevenueCurrentWithRelatedParties`	$4.20M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$308.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$275.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable and unbilled, net (includes $1.2 million and $2.3 million with related parties at June 30, 2017 and December 31, 2016, respectively)	`ReceivablesNetCurrent`	$76.66M	USD	Point-in-time
Accounts receivable and unbilled, net (includes $1.2 million and $2.3 million with related parties at June 30, 2017 and December 31, 2016, respectively)	`ReceivablesNetCurrent`	$79.77M	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$16.07M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$17.13M	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	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
Total current assets	`AssetsCurrent`	$133.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$123.12M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$45.24M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$43.80M	USD	Point-in-time
Goodwill	`Goodwill`	$660.98M	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Goodwill	`Goodwill`	$660.98M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	40.66M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	39.69M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$136.07M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$117.68M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	39.69M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$97.00K	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	40.66M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$11.54M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.09M	USD	Point-in-time
Total assets	`Assets`	$979.11M	USD	Point-in-time
Total assets	`Assets`	$963.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.91M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$16.39M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$24.42M	USD	Point-in-time
Pre-funded study costs (includes $1.5 million and $3.9 million with related parties at June 30, 2017 and December 31, 2016, respectively)	`PreFundedStudyCosts`	$51.95M	USD	Point-in-time
Pre-funded study costs (includes $1.5 million and $3.9 million with related parties at June 30, 2017 and December 31, 2016, respectively)	`PreFundedStudyCosts`	$48.53M	USD	Point-in-time
Advanced billings (includes $4.2 million and $7.6 million with related parties at June 30, 2017 and December 31, 2016, respectively)	`DeferredRevenueCurrent`	$65.58M	USD	Point-in-time
Advanced billings (includes $4.2 million and $7.6 million with related parties at June 30, 2017 and December 31, 2016, respectively)	`DeferredRevenueCurrent`	$65.67M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$14.44M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$12.38M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.13M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$155.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$168.60M	USD	Point-in-time
Long-term debt, net, less current portion	`LongTermDebtNoncurrent`	$151.27M	USD	Point-in-time
Long-term debt, net, less current portion	`LongTermDebtNoncurrent`	$143.19M	USD	Point-in-time
Deemed landlord liability, less current portion	`CapitalLeaseObligationsNoncurrent`	$27.59M	USD	Point-in-time
Deemed landlord liability, less current portion	`CapitalLeaseObligationsNoncurrent`	$28.53M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$481.00K	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$12.03M	USD	Point-in-time
Deferred credit	`DeferredRevenueAndCreditsNoncurrent`	$21.42M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.34M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.97M	USD	Point-in-time
Total liabilities	`Liabilities`	$356.29M	USD	Point-in-time
Total liabilities	`Liabilities`	$368.39M	USD	Point-in-time
Commitments and contingencies (see Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock - $0.01 par-value; 5,000,000 shares authorized; no shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - $0.01 par-value; 5,000,000 shares authorized; no shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock - $0.01 par-value; 250,000,000 shares authorized at June 30, 2017 and December 31, 2016, respectively; 39,692,999 and 40,662,856 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$407.00K	USD	Point-in-time
Common stock - $0.01 par-value; 250,000,000 shares authorized at June 30, 2017 and December 31, 2016, respectively; 39,692,999 and 40,662,856 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$398.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$623.63M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$627.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.58M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.42M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.74M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.03M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$610.71M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$607.36M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$979.11M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$963.65M	USD	Point-in-time

Income Statement 92 line items

Line Item	Tag	Value	Unit	Period
Service revenue with related parties	`RevenueFromRelatedParties`	$6.90M	USD	2 Qtrs
Service revenue with related parties	`RevenueFromRelatedParties`	$12.40M	USD	2 Qtrs
Service revenue with related parties	`RevenueFromRelatedParties`	$4.60M	USD	1 Quarter
Service revenue with related parties	`RevenueFromRelatedParties`	$2.90M	USD	1 Quarter
Service revenue, net (includes $2.9 million and $4.6 million with related parties for the three months ended June 30, 2017 and 2016, respectively, and $6.9 million and $12.4 million with related parties for the six months ended June 30, 2017 and 2016)	`SalesRevenueServicesNet`	$188.33M	USD	2 Qtrs
Service revenue, net (includes $2.9 million and $4.6 million with related parties for the three months ended June 30, 2017 and 2016, respectively, and $6.9 million and $12.4 million with related parties for the six months ended June 30, 2017 and 2016)	`SalesRevenueServicesNet`	$94.55M	USD	1 Quarter
Reimbursed out-of-pocket revenue with related parties	`ReimbursedOutOfPocketRevenueWithRelatedParties`	$1.70M	USD	1 Quarter
Reimbursed out-of-pocket revenue with related parties	`ReimbursedOutOfPocketRevenueWithRelatedParties`	$2.90M	USD	2 Qtrs
Service revenue, net (includes $2.9 million and $4.6 million with related parties for the three months ended June 30, 2017 and 2016, respectively, and $6.9 million and $12.4 million with related parties for the six months ended June 30, 2017 and 2016)	`SalesRevenueServicesNet`	$180.43M	USD	2 Qtrs
Reimbursed out-of-pocket revenue with related parties	`ReimbursedOutOfPocketRevenueWithRelatedParties`	$1.10M	USD	2 Qtrs
Service revenue, net (includes $2.9 million and $4.6 million with related parties for the three months ended June 30, 2017 and 2016, respectively, and $6.9 million and $12.4 million with related parties for the six months ended June 30, 2017 and 2016)	`SalesRevenueServicesNet`	$92.63M	USD	1 Quarter
Reimbursed out-of-pocket revenue with related parties	`ReimbursedOutOfPocketRevenueWithRelatedParties`	$400.00K	USD	1 Quarter
Reimbursed out-of-pocket revenue (includes $0.4 million and $1.7 million with related parties for the three months ended June 30, 2017 and 2016, respectively, and $1.1 million and $2.9 million with related parties for the six months ended June 30, 2017 and 2016)	`ReimbursementRevenue`	$11.66M	USD	1 Quarter
Reimbursed out-of-pocket revenue (includes $0.4 million and $1.7 million with related parties for the three months ended June 30, 2017 and 2016, respectively, and $1.1 million and $2.9 million with related parties for the six months ended June 30, 2017 and 2016)	`ReimbursementRevenue`	$24.49M	USD	2 Qtrs
Reimbursed out-of-pocket revenue (includes $0.4 million and $1.7 million with related parties for the three months ended June 30, 2017 and 2016, respectively, and $1.1 million and $2.9 million with related parties for the six months ended June 30, 2017 and 2016)	`ReimbursementRevenue`	$25.11M	USD	2 Qtrs
Reimbursed out-of-pocket expenses with related parties	`ReimbursedOutOfPocketExpensesWithRelatedParties`	$1.70M	USD	1 Quarter
Reimbursed out-of-pocket expenses with related parties	`ReimbursedOutOfPocketExpensesWithRelatedParties`	$2.90M	USD	2 Qtrs
Reimbursed out-of-pocket revenue (includes $0.4 million and $1.7 million with related parties for the three months ended June 30, 2017 and 2016, respectively, and $1.1 million and $2.9 million with related parties for the six months ended June 30, 2017 and 2016)	`ReimbursementRevenue`	$13.32M	USD	1 Quarter
Reimbursed out-of-pocket expenses with related parties	`ReimbursedOutOfPocketExpensesWithRelatedParties`	$400.00K	USD	1 Quarter
Reimbursed out-of-pocket expenses with related parties	`ReimbursedOutOfPocketExpensesWithRelatedParties`	$1.10M	USD	2 Qtrs
Total revenue	`SalesRevenueNet`	$205.54M	USD	2 Qtrs
Total revenue	`SalesRevenueNet`	$212.83M	USD	2 Qtrs
Total revenue	`SalesRevenueNet`	$105.95M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$106.22M	USD	1 Quarter
Direct costs, excluding depreciation and amortization	`CostOfServicesExcludingDepreciationDepletionAndAmortization`	$51.95M	USD	1 Quarter
Direct costs, excluding depreciation and amortization	`CostOfServicesExcludingDepreciationDepletionAndAmortization`	$96.22M	USD	2 Qtrs
Direct costs, excluding depreciation and amortization	`CostOfServicesExcludingDepreciationDepletionAndAmortization`	$103.06M	USD	2 Qtrs
Direct costs, excluding depreciation and amortization	`CostOfServicesExcludingDepreciationDepletionAndAmortization`	$49.23M	USD	1 Quarter
Reimbursed out-of-pocket expenses (includes $0.4 million and $1.7 million with related parties for the three months ended June 30, 2017 and 2016, respectively, and $1.1 million and $2.9 million with related parties for the six months ended June 30, 2017 and 2016)	`CostOfReimbursableExpense`	$24.49M	USD	2 Qtrs
Reimbursed out-of-pocket expenses (includes $0.4 million and $1.7 million with related parties for the three months ended June 30, 2017 and 2016, respectively, and $1.1 million and $2.9 million with related parties for the six months ended June 30, 2017 and 2016)	`CostOfReimbursableExpense`	$25.11M	USD	2 Qtrs
Reimbursed out-of-pocket expenses (includes $0.4 million and $1.7 million with related parties for the three months ended June 30, 2017 and 2016, respectively, and $1.1 million and $2.9 million with related parties for the six months ended June 30, 2017 and 2016)	`CostOfReimbursableExpense`	$11.66M	USD	1 Quarter
Reimbursed out-of-pocket expenses (includes $0.4 million and $1.7 million with related parties for the three months ended June 30, 2017 and 2016, respectively, and $1.1 million and $2.9 million with related parties for the six months ended June 30, 2017 and 2016)	`CostOfReimbursableExpense`	$13.32M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$14.82M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$14.76M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$28.33M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$29.91M	USD	2 Qtrs
Depreciation	`Depreciation`	$1.79M	USD	1 Quarter
Depreciation	`Depreciation`	$2.10M	USD	1 Quarter
Depreciation	`Depreciation`	$4.23M	USD	2 Qtrs
Depreciation	`Depreciation`	$3.57M	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$12.67M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$18.91M	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$25.34M	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$9.46M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$89.94M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$180.60M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$178.56M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$91.84M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$32.22M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$16.28M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$14.11M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$26.98M	USD	2 Qtrs
Miscellaneous expense, net	`OtherNonoperatingIncomeExpense`	$-125.00K	USD	1 Quarter
Miscellaneous expense, net	`OtherNonoperatingIncomeExpense`	$-497.00K	USD	2 Qtrs
Miscellaneous expense, net	`OtherNonoperatingIncomeExpense`	$-941.00K	USD	2 Qtrs
Miscellaneous expense, net	`OtherNonoperatingIncomeExpense`	$-6.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-3.60M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-11.89M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-1.81M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-5.92M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-5.93M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-12.84M	USD	2 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-4.10M	USD	2 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-1.93M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$28.12M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.15M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.35M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.19M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.23M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$5.74M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$10.12M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$4.79M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$9.55M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.96M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.26	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.44	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.44	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.26	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	32.63M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	32.64M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.42M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.18M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.83M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.83M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.63M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.16M	shares	2 Qtrs

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$9.55M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.96M	USD	1 Quarter
Depreciation	`Depreciation`	$1.79M	USD	1 Quarter
Depreciation	`Depreciation`	$2.10M	USD	1 Quarter
Depreciation	`Depreciation`	$4.23M	USD	2 Qtrs
Depreciation	`Depreciation`	$3.57M	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$12.67M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$18.91M	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$25.34M	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$9.46M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.23M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$4.28M	USD	2 Qtrs
Amortization of debt issuance costs and discount	`AmortizationOfFinancingCostsAndDiscounts`	$332.00K	USD	2 Qtrs
Amortization of debt issuance costs and discount	`AmortizationOfFinancingCostsAndDiscounts`	$1.34M	USD	2 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-864.00K	USD	2 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-483.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$207.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$744.00K	USD	2 Qtrs
Accounts receivable and unbilled, net	`IncreaseDecreaseInReceivables`	$24.82M	USD	2 Qtrs
Accounts receivable and unbilled, net	`IncreaseDecreaseInReceivables`	$-3.40M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.55M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$519.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.85M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.11M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.46M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-8.40M	USD	2 Qtrs
Pre-funded study costs	`IncreaseDecreaseInPreFundedStudyCosts`	$-3.51M	USD	2 Qtrs
Pre-funded study costs	`IncreaseDecreaseInPreFundedStudyCosts`	$2.37M	USD	2 Qtrs
Advanced billings	`IncreaseDecreaseInDeferredRevenue`	$15.02M	USD	2 Qtrs
Advanced billings	`IncreaseDecreaseInDeferredRevenue`	$-294.00K	USD	2 Qtrs
Other assets and liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.19M	USD	2 Qtrs
Other assets and liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$195.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$29.73M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$20.49M	USD	2 Qtrs
Property and equipment expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.02M	USD	2 Qtrs
Property and equipment expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.69M	USD	2 Qtrs
Acquisition of intangibles	`PaymentsToAcquireIntangibleAssets`	$515.00K	USD	2 Qtrs
Acquisition of intangibles	`PaymentsToAcquireIntangibleAssets`	-	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-29.00K	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-40.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.50M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.65M	USD	2 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$102.00K	USD	2 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$955.00K	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$26.41M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$26.40M	USD	1 Quarter
Payment of debt	`RepaymentsOfDebt`	$15.04M	USD	2 Qtrs
Payment of debt	`RepaymentsOfDebt`	$6.19M	USD	2 Qtrs
Payment of deemed landlord liability	`RepaymentsOfLongTermCapitalLeaseObligations`	$813.00K	USD	2 Qtrs
Payment of deemed landlord liability	`RepaymentsOfLongTermCapitalLeaseObligations`	$744.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-15.68M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-32.45M	USD	2 Qtrs
EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$143.00K	USD	2 Qtrs
EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.15M	USD	2 Qtrs
DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-697.00K	USD	2 Qtrs
DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-8.08M	USD	2 Qtrs
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$37.41M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.33M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.04M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.74M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$37.41M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.33M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.04M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.74M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$9.55M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.96M	USD	1 Quarter
Foreign currency translation adjustments, net of taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$8.00K	USD	2 Qtrs
Foreign currency translation adjustments, net of taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.71M	USD	2 Qtrs
Foreign currency translation adjustments, net of taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-564.00K	USD	1 Quarter
Foreign currency translation adjustments, net of taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.12M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.42M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.40M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$19.71M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.67M	USD	1 Quarter

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