10-Q Filing

Lumentum Holdings Inc. CIK: 1633978 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001628280-22-028783`
Period End Date	20220930
Filing Date	20221108
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	lite-20221001_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 36 Cash Flow Statement 80 Stockholders Equity 24 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`	$605.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.29B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	68.20M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	68.00M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	68.20M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.02B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	68.00M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.26B	USD	Point-in-time
Accounts receivable, net	`ContractWithCustomerAssetNet`	$262.00M	USD	Point-in-time
Accounts receivable, net	`ContractWithCustomerAssetNet`	$340.50M	USD	Point-in-time
Inventories	`InventoryNet`	$250.10M	USD	Point-in-time
Inventories	`InventoryNet`	$366.20M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$106.80M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$78.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.44B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.14B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$478.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$360.50M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$89.40M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$73.60M	USD	Point-in-time
Goodwill	`Goodwill`	$368.90M	USD	Point-in-time
Goodwill	`Goodwill`	$693.70M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$155.70M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$576.00M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$27.00M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$100.50M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$11.40M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$37.30M	USD	Point-in-time
Total assets	`Assets`	$4.16B	USD	Point-in-time
Total assets	`Assets`	$4.39B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$205.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$156.70M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$54.60M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$62.20M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$44.70M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$52.80M	USD	Point-in-time
Short term debt	`ShortTermBorrowings`	$409.90M	USD	Point-in-time
Short term debt	`ShortTermBorrowings`	$420.20M	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$13.60M	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$11.20M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$48.30M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$39.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$802.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$716.50M	USD	Point-in-time
Long term debt	`LongTermDebtNoncurrent`	$1.47B	USD	Point-in-time
Long term debt	`LongTermDebtNoncurrent`	$1.90B	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$58.00M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$48.80M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$24.80M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$12.90M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$75.90M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$42.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.29B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.86B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value, 990 authorized shares, 68.2 and 68.0 shares issued and outstanding as of October 1, 2022 and July 2, 2022, respectively	`CommonStockValue`	$100.00K	USD	Point-in-time
Common stock, $0.001 par value, 990 authorized shares, 68.2 and 68.0 shares issued and outstanding as of October 1, 2022 and July 2, 2022, respectively	`CommonStockValue`	$100.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.00B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.60B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-129.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-69.60M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-200.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$400.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.97B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.53B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.97B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.88B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$4.16B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$4.39B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$506.80M	USD	1 Quarter
Net revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$448.40M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$282.60M	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`	$23.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$201.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$232.20M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$54.10M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$72.70M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$105.70M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$63.30M	USD	1 Quarter
Restructuring and related charges	`RestructuringCharges`	$9.30M	USD	1 Quarter
Restructuring and related charges	`RestructuringCharges`	$-1.10M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$187.70M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$116.30M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$13.50M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$115.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.50M	USD	1 Quarter
Interest expense	`InterestExpense`	$16.90M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$13.80M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$600.00K	USD	1 Quarter
Income before income taxes	`IncomeLossAttributableToParent`	$18.80M	USD	1 Quarter
Income before income taxes	`IncomeLossAttributableToParent`	$99.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.20M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$18.10M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$81.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-400.00K	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$1.12	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.08	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	72.70M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	68.10M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	68.10M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	75.40M	shares	1 Quarter

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$81.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-400.00K	USD	1 Quarter
Depreciation expense	`Depreciation`	$24.50M	USD	1 Quarter
Depreciation expense	`Depreciation`	$20.40M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$46.60M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$24.80M	USD	1 Quarter
Amortization of acquired intangibles	`AmortizationOfIntangibleAssets`	$21.40M	USD	1 Quarter
Amortization of acquired intangibles	`AmortizationOfIntangibleAssets`	$32.20M	USD	1 Quarter
(Gain) loss on sales and dispositions of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-300.00K	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`	$5.70M	USD	1 Quarter
Amortization of inventory fair value adjustment in connection with acquisition	`AmortizationOfInventoryFairValueAdjustmentInConnectionWithAcquisition`	$4.60M	USD	1 Quarter
Amortization of inventory fair value adjustment in connection with acquisition	`AmortizationOfInventoryFairValueAdjustmentInConnectionWithAcquisition`	-	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$-3.30M	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$2.20M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$11.50M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$50.40M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$10.30M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$24.60M	USD	1 Quarter
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAssetIncreaseDecrease`	$-3.60M	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`	$1.90M	USD	1 Quarter
Prepayments and other current and non-currents assets	`IncreaseDecreaseInOtherOperatingAssets`	$3.90M	USD	1 Quarter
Income taxes, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$11.00M	USD	1 Quarter
Income taxes, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$18.10M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-41.10M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-10.50M	USD	1 Quarter
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-11.40M	USD	1 Quarter
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-14.50M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-9.80M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$6.90M	USD	1 Quarter
Accrued expenses and other current and non-current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$17.40M	USD	1 Quarter
Accrued expenses and other current and non-current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$3.10M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$61.90M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$20.80M	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`	$22.90M	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireOtherProductiveAssets`	-	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireOtherProductiveAssets`	$860.80M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$255.90M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$79.50M	USD	1 Quarter
Proceeds from maturities and sales of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$151.00M	USD	1 Quarter
Proceeds from maturities and sales of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$316.60M	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`	$-646.60M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-116.90M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$91.70M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$35.80M	USD	1 Quarter
Payment of withholding taxes related to net share settlement of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$16.60M	USD	1 Quarter
Payment of withholding taxes related to net share settlement of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$22.40M	USD	1 Quarter
Repayment of term loan	`RepaymentsOfSecuredDebt`	-	USD	1 Quarter
Repayment of term loan	`RepaymentsOfSecuredDebt`	$900.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-108.30M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-59.10M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-163.30M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-684.90M	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`	$1.29B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$605.30M	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`	$1.29B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$605.30M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$774.30M	USD	Point-in-time
Cash paid for taxes	`IncomeTaxesPaid`	$29.30M	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`	$12.60M	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
Settlement of loan to NeoPhotonics	`BusinessCombinationConsiderationTransferredLiabilitiesIncurred`	$50.00M	USD	1 Quarter
Settlement of loan to NeoPhotonics	`BusinessCombinationConsiderationTransferredLiabilitiesIncurred`	-	USD	1 Quarter
Right-of-use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$19.40M	USD	1 Quarter
Right-of-use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$10.50M	USD	1 Quarter
Unpaid portion of acquisition purchase price	`UnpaidPortionOfAcquisitionPurchasePrice`	$800.00K	USD	1 Quarter
Unpaid portion of acquisition purchase price	`UnpaidPortionOfAcquisitionPurchasePrice`	-	USD	1 Quarter

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning of the period	`StockholdersEquity`	$1.97B	USD	Point-in-time
Balance at the beginning of the period	`StockholdersEquity`	$1.53B	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`	$1.88B	USD	Point-in-time
Balance at the beginning of period (in shares)	`CommonStockSharesOutstanding`	68.20M	shares	Point-in-time
Balance at the beginning of period (in shares)	`CommonStockSharesOutstanding`	68.00M	shares	Point-in-time
Net income (loss)	`NetIncomeLoss`	$81.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-400.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$300.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-600.00K	USD	1 Quarter
Withholding taxes related to net share settlement of restricted stock units	`RestrictedStockValueSharesIssuedForWithholdingsTaxes`	$22.40M	USD	1 Quarter
Withholding taxes related to net share settlement of restricted stock units	`RestrictedStockValueSharesIssuedForWithholdingsTaxes`	$16.60M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$91.70M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$25.70M	USD	1 Quarter
Repurchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	7.40M	shares	Annual
Repurchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	300,000.00	shares	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$41.40M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$25.10M	USD	1 Quarter
Balance at the end of the period	`StockholdersEquity`	$1.97B	USD	Point-in-time
Balance at the end of the period	`StockholdersEquity`	$1.53B	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`	$1.88B	USD	Point-in-time
Balance at the end of period (in shares)	`CommonStockSharesOutstanding`	68.20M	shares	Point-in-time
Balance at the end of period (in shares)	`CommonStockSharesOutstanding`	68.00M	shares	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$81.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-400.00K	USD	1 Quarter
Net change in unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$300.00K	USD	1 Quarter
Net change in unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-600.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$300.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-600.00K	USD	1 Quarter
Comprehensive income (loss), net of tax	`ComprehensiveIncomeNetOfTax`	$-1.00M	USD	1 Quarter
Comprehensive income (loss), net of tax	`ComprehensiveIncomeNetOfTax`	$81.80M	USD	1 Quarter

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