10-Q Filing

Lumentum Holdings Inc. CIK: 1633978 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001628280-21-021632`
Period End Date	20210930
Filing Date	20211104
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	lite-20211002_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 36 Cash Flow Statement 76 Stockholders Equity 20 Comprehensive Income 8

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized shares (in shares)	`CommonStockSharesAuthorized`	990.00M	shares	Point-in-time
Common stock, authorized shares (in shares)	`CommonStockSharesAuthorized`	990.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$774.30M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	72.30M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$611.00M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	73.00M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	72.30M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.27B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.17B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	73.00M	shares	Point-in-time
Accounts receivable, net	`ContractWithCustomerAssetNet`	$263.20M	USD	Point-in-time
Accounts receivable, net	`ContractWithCustomerAssetNet`	$212.80M	USD	Point-in-time
Inventories	`InventoryNet`	$207.00M	USD	Point-in-time
Inventories	`InventoryNet`	$196.40M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$81.60M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$68.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.44B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.42B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$361.10M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$353.20M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$67.40M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$75.20M	USD	Point-in-time
Goodwill	`Goodwill`	$368.90M	USD	Point-in-time
Goodwill	`Goodwill`	$368.90M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$219.80M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$241.20M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$72.90M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$72.90M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$6.00M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$3.30M	USD	Point-in-time
Total assets	`Assets`	$3.52B	USD	Point-in-time
Total assets	`Assets`	$3.55B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$101.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$116.90M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$54.30M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$42.90M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$33.10M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$40.40M	USD	Point-in-time
Convertible notes, current	`ConvertibleDebtCurrent`	$390.70M	USD	Point-in-time
Convertible notes, current	`ConvertibleDebtCurrent`	$395.80M	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$11.80M	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$11.70M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$57.80M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$19.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$664.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$611.70M	USD	Point-in-time
Convertible notes, non-current	`ConvertibleDebtNoncurrent`	$800.00M	USD	Point-in-time
Convertible notes, non-current	`ConvertibleDebtNoncurrent`	$789.80M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$57.50M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$47.60M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$35.90M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$35.50M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$40.90M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$42.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.58B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.55B	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value, 990 authorized shares, 72.3 and 73.0 shares issued and outstanding as of October 2, 2021 and July 3, 2021, respectively	`CommonStockValue`	$100.00K	USD	Point-in-time
Common stock, $0.001 par value, 990 authorized shares, 72.3 and 73.0 shares issued and outstanding as of October 2, 2021 and July 3, 2021, respectively	`CommonStockValue`	$100.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.74B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.75B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$210.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$220.90M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.20M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.50M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.82B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.75B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.97B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.97B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.55B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.52B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$448.40M	USD	1 Quarter
Net revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$452.40M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$231.70M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$200.40M	USD	1 Quarter
Amortization of acquired developed intangibles	`CostOfGoodsAndServicesSoldAmortization`	$15.80M	USD	1 Quarter
Amortization of acquired developed intangibles	`CostOfGoodsAndServicesSoldAmortization`	$15.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$232.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$205.70M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$54.10M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$50.40M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$56.30M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$63.30M	USD	1 Quarter
Restructuring and related charges	`RestructuringCharges`	$-1.10M	USD	1 Quarter
Restructuring and related charges	`RestructuringCharges`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$106.70M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$116.30M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$115.90M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$99.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$16.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$16.90M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$600.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$600.00K	USD	1 Quarter
Income before income taxes	`IncomeLossAttributableToParent`	$83.60M	USD	1 Quarter
Income before income taxes	`IncomeLossAttributableToParent`	$99.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$18.10M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$81.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.10M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$1.12	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.89	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.08	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.86	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	72.70M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	75.30M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	78.20M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	75.40M	shares	1 Quarter

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$81.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.10M	USD	1 Quarter
Depreciation expense	`Depreciation`	$23.80M	USD	1 Quarter
Depreciation expense	`Depreciation`	$20.40M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$24.80M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$19.50M	USD	1 Quarter
Amortization of acquired intangibles	`AmortizationOfIntangibleAssets`	$20.70M	USD	1 Quarter
Amortization of acquired intangibles	`AmortizationOfIntangibleAssets`	$21.40M	USD	1 Quarter
(Gain) loss on sales and dispositions of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-900.00K	USD	1 Quarter
(Gain) loss on sales and dispositions of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$5.30M	USD	1 Quarter
Amortization of debt discount and debt issuance costs	`AmortizationOfDebtDiscountPremium`	$15.30M	USD	1 Quarter
Amortization of debt discount and debt issuance costs	`AmortizationOfDebtDiscountPremium`	$14.40M	USD	1 Quarter
Other non-cash expense	`OtherNoncashIncomeExpense`	$-3.30M	USD	1 Quarter
Other non-cash expense	`OtherNoncashIncomeExpense`	$-1.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$30.30M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$50.40M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$22.90M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$10.30M	USD	1 Quarter
Operating lease right-of-use assets, net	`OperatingLeaseRightofUseAssetIncreaseDecrease`	$-4.00M	USD	1 Quarter
Operating lease right-of-use assets, net	`OperatingLeaseRightofUseAssetIncreaseDecrease`	$7.80M	USD	1 Quarter
Prepayments and other current and non-currents assets	`IncreaseDecreaseInOtherOperatingAssets`	$3.90M	USD	1 Quarter
Prepayments and other current and non-currents assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.70M	USD	1 Quarter
Income taxes, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$18.10M	USD	1 Quarter
Income taxes, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$-14.40M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.40M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-10.50M	USD	1 Quarter
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-9.50M	USD	1 Quarter
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-11.40M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-9.80M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$1.60M	USD	1 Quarter
Accrued expenses and other current and non-current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$3.10M	USD	1 Quarter
Accrued expenses and other current and non-current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$16.30M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$104.70M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$61.90M	USD	1 Quarter
Payments for acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.90M	USD	1 Quarter
Payments for acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$26.30M	USD	1 Quarter
Proceeds from sale of product lines	`ProceedsFromDivestitureOfBusinesses`	-	USD	1 Quarter
Proceeds from sale of product lines	`ProceedsFromDivestitureOfBusinesses`	$500.00K	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$255.90M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$491.50M	USD	1 Quarter
Proceeds from maturities and sales of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$403.30M	USD	1 Quarter
Proceeds from maturities and sales of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$151.00M	USD	1 Quarter
Proceeds from the sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.90M	USD	1 Quarter
Proceeds from the sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-116.90M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-114.00M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$91.70M	USD	1 Quarter
Payment of withholding taxes related to net share settlement of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$19.10M	USD	1 Quarter
Payment of withholding taxes related to net share settlement of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$16.60M	USD	1 Quarter
Principal payments on finance leases	`FinanceLeasePrincipalPayments`	$200.00K	USD	1 Quarter
Principal payments on finance leases	`FinanceLeasePrincipalPayments`	-	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$100.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-108.30M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-19.20M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-28.50M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-163.30M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$611.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$298.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$269.50M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$774.30M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$611.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$298.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$269.50M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$774.30M	USD	Point-in-time
Cash paid for taxes	`IncomeTaxesPaid`	$2.00M	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	$36.30M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$600.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$600.00K	USD	1 Quarter
Unpaid property, plant and equipment in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$5.80M	USD	1 Quarter
Unpaid property, plant and equipment in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$11.10M	USD	1 Quarter
Repurchase of common stock pending settlement	`RepurchaseOfCommonStockPendingSettlement`	$5.10M	USD	1 Quarter
Repurchase of common stock pending settlement	`RepurchaseOfCommonStockPendingSettlement`	-	USD	1 Quarter
Right-of-use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	1 Quarter
Right-of-use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$10.50M	USD	1 Quarter

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning of the period	`StockholdersEquity`	$1.82B	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$1.75B	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$1.97B	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$1.97B	USD	Point-in-time
Net income	`NetIncomeLoss`	$81.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.10M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$300.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.50M	USD	1 Quarter
Withholding taxes related to net share settlement of restricted stock units	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-19.10M	USD	1 Quarter
Withholding taxes related to net share settlement of restricted stock units	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-16.60M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$100.00K	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$91.70M	USD	1 Quarter
Repurchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	4.20M	shares	Point-in-time
Repurchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	1.10M	shares	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$25.10M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$20.30M	USD	1 Quarter
Balance at the end of the period	`StockholdersEquity`	$1.82B	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$1.75B	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$1.97B	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$1.97B	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$81.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$67.10M	USD	1 Quarter
Net change in unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-1.50M	USD	1 Quarter
Net change in unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$300.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$300.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.50M	USD	1 Quarter
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$81.80M	USD	1 Quarter
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$65.60M	USD	1 Quarter

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