10-Q Filing

FORWARD AIR CORP CIK: 912728 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001628280-23-027621`
Period End Date	20230630
Filing Date	20230807
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	fwrd-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 78 Cash Flow Statement 66 Stockholders Equity 41

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.28M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.82M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$47.39M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$37.32M	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.16M	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.88M	USD	Point-in-time
Accounts receivable, less allowance of $2,882 in 2023 and $3,158 in 2022	`AccountsReceivableNetCurrent`	$221.03M	USD	Point-in-time
Property and equipment, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$220.67M	USD	Point-in-time
Property and equipment, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$233.15M	USD	Point-in-time
Accounts receivable, less allowance of $2,882 in 2023 and $3,158 in 2022	`AccountsReceivableNetCurrent`	$175.97M	USD	Point-in-time
Other acquired intangibles, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$123.33M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$37.47M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$21.54M	USD	Point-in-time
Other acquired intangibles, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$132.29M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$215.79M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$304.31M	USD	Point-in-time
Property and equipment, net of accumulated depreciation and amortization of $233,153 in 2023 and $220,669 in 2022	`PropertyPlantAndEquipmentNet`	$249.08M	USD	Point-in-time
Property and equipment, net of accumulated depreciation and amortization of $233,153 in 2023 and $220,669 in 2022	`PropertyPlantAndEquipmentNet`	$260.66M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$144.85M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$141.87M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Goodwill	`Goodwill`	$356.76M	USD	Point-in-time
Preferred stock, authorized shares (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Goodwill	`Goodwill`	$306.18M	USD	Point-in-time
Preferred stock, authorized shares (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, issued shares (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued shares (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other acquired intangibles, net of accumulated amortization of $132,294 in 2023 and $123,325 in 2022	`IntangibleAssetsNetExcludingGoodwill`	$154.80M	USD	Point-in-time
Other acquired intangibles, net of accumulated amortization of $132,294 in 2023 and $123,325 in 2022	`IntangibleAssetsNetExcludingGoodwill`	$151.22M	USD	Point-in-time
Preferred stock, outstanding shares (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other assets	`OtherAssets`	$51.83M	USD	Point-in-time
Preferred stock, outstanding shares (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other assets	`OtherAssets`	$55.30M	USD	Point-in-time
Total assets	`Assets`	$1.21B	USD	Point-in-time
Total assets	`Assets`	$1.18B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, authorized shares (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, authorized shares (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, issued shares (in shares)	`CommonStockSharesIssued`	26.46M	shares	Point-in-time
Common stock, issued shares (in shares)	`CommonStockSharesIssued`	25.79M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$37.09M	USD	Point-in-time
Common stock, outstanding shares (in shares)	`CommonStockSharesOutstanding`	26.46M	shares	Point-in-time
Common stock, outstanding shares (in shares)	`CommonStockSharesOutstanding`	25.79M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$54.60M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$54.29M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$53.27M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$12.11M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.96M	USD	Point-in-time
Current portion of debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$13.96M	USD	Point-in-time
Current portion of debt and finance lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$9.44M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$47.11M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$52.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$169.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$169.23M	USD	Point-in-time
Finance lease obligations, less current portion	`FinanceLeaseLiabilityNoncurrent`	$23.46M	USD	Point-in-time
Finance lease obligations, less current portion	`FinanceLeaseLiabilityNoncurrent`	$15.84M	USD	Point-in-time
Long-term debt, less current portion and debt issuance costs	`LongTermDebtNoncurrent`	$119.77M	USD	Point-in-time
Long-term debt, less current portion and debt issuance costs	`LongTermDebtNoncurrent`	$106.59M	USD	Point-in-time
Operating lease liabilities, less current portion	`OperatingLeaseLiabilityNoncurrent`	$96.80M	USD	Point-in-time
Operating lease liabilities, less current portion	`OperatingLeaseLiabilityNoncurrent`	$98.86M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$48.44M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$59.04M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$53.27M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$51.09M	USD	Point-in-time
Preferred stock, $0.01 par value: Authorized shares - 5,000,000; no shares issued or outstanding in 2023 and 2022	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value: Authorized shares - 5,000,000; no shares issued or outstanding in 2023 and 2022	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value: Authorized shares - 50,000,000; issued and outstanding shares - 25,785,593 in 2023 and 26,461,293 in 2022	`CommonStockValue`	$258.00K	USD	Point-in-time
Common stock, $0.01 par value: Authorized shares - 50,000,000; issued and outstanding shares - 25,785,593 in 2023 and 26,461,293 in 2022	`CommonStockValue`	$265.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$277.59M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$270.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$395.76M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$436.12M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$593.65M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$664.35M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$707.24M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$611.77M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$685.63M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$673.61M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.21B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.18B	USD	Point-in-time

Income Statement 78 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$402.18M	USD	1 Quarter
Operating revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$982.18M	USD	2 Qtrs
Operating revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$515.22M	USD	1 Quarter
Operating revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$829.25M	USD	2 Qtrs
Purchased transportation	`OperatingCostsAndExpenses`	$181.64M	USD	1 Quarter
Purchased transportation	`OperatingCostsAndExpenses`	$239.49M	USD	1 Quarter
Purchased transportation	`OperatingCostsAndExpenses`	$366.86M	USD	2 Qtrs
Purchased transportation	`OperatingCostsAndExpenses`	$464.32M	USD	2 Qtrs
Salaries, wages and employee benefits	`LaborAndRelatedExpense`	$166.21M	USD	2 Qtrs
Salaries, wages and employee benefits	`LaborAndRelatedExpense`	$172.44M	USD	2 Qtrs
Salaries, wages and employee benefits	`LaborAndRelatedExpense`	$86.36M	USD	1 Quarter
Salaries, wages and employee benefits	`LaborAndRelatedExpense`	$86.69M	USD	1 Quarter
Operating leases	`OperatingLeaseExpense`	$26.18M	USD	1 Quarter
Operating leases	`OperatingLeaseExpense`	$53.43M	USD	2 Qtrs
Operating leases	`OperatingLeaseExpense`	$23.46M	USD	1 Quarter
Operating leases	`OperatingLeaseExpense`	$46.13M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.51M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.73M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$28.15M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$25.16M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$13.20M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$27.14M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$13.36M	USD	1 Quarter
Fuel expense	`FuelCosts`	$8.31M	USD	1 Quarter
Fuel expense	`FuelCosts`	$14.18M	USD	2 Qtrs
Fuel expense	`FuelCosts`	$11.06M	USD	2 Qtrs
Fuel expense	`FuelCosts`	$5.27M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$104.32M	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$57.26M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$44.31M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$95.68M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$371.97M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$748.53M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$439.67M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$849.28M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$80.72M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$75.55M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$132.90M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$30.21M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$4.94M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$1.98M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$2.58M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$1.19M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-1.19M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-2.58M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-4.94M	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-1.98M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$74.35M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$75.78M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$27.63M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$130.92M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$7.67M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$19.46M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$32.80M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$18.92M	USD	1 Quarter
Net income attributable to Forward Air	`NetIncomeLoss`	$36.37M	USD	1 Quarter
Net income attributable to Forward Air	`NetIncomeLoss`	$98.12M	USD	2 Qtrs
Net income attributable to Forward Air	`NetIncomeLoss`	$56.32M	USD	2 Qtrs
Net income attributable to Forward Air	`NetIncomeLoss`	$42.69M	USD	1 Quarter
Net income attributable to Forward Air	`NetIncomeLoss`	$55.43M	USD	1 Quarter
Net income attributable to Forward Air	`NetIncomeLoss`	$19.95M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.05	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.14	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$3.63	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.76	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.13	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.61	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.76	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.04	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.24	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.48	USD	2 Qtrs
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.24	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.24	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.24	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.24	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.48	USD	2 Qtrs
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.24	USD	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income from operations	`IncomeLossFromContinuingOperations`	$98.12M	USD	2 Qtrs
Net income from operations	`IncomeLossFromContinuingOperations`	$56.32M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.51M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.73M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$28.15M	USD	2 Qtrs
Change in fair value of earn-out liability	`FairValueOptionChangesInFairValueGainLoss1`	$294.00K	USD	2 Qtrs
Change in fair value of earn-out liability	`FairValueOptionChangesInFairValueGainLoss1`	-	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$6.07M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$6.31M	USD	2 Qtrs
Provision for revenue adjustments	`ProvisionForOtherLosses`	$5.53M	USD	2 Qtrs
Provision for revenue adjustments	`ProvisionForOtherLosses`	$2.93M	USD	2 Qtrs
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$1.96M	USD	2 Qtrs
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$2.18M	USD	2 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$1.38M	USD	2 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$-432.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$-38.30M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$36.75M	USD	2 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	2 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-7.09M	USD	2 Qtrs
Other current and noncurrent assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.92M	USD	2 Qtrs
Other current and noncurrent assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-11.12M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-17.91M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.67M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$129.57M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$112.82M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$767.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.17M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.77M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.57M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.67M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.79M	USD	1 Quarter
Purchases of a business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$40.43M	USD	2 Qtrs
Purchases of a business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$56.70M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-58.34M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-71.11M	USD	2 Qtrs
Repayments of finance lease obligations	`FinanceLeasePrincipalPayments`	$3.99M	USD	2 Qtrs
Repayments of finance lease obligations	`FinanceLeasePrincipalPayments`	$2.58M	USD	2 Qtrs
Proceeds from credit facility	`ProceedsFromLongTermLinesOfCredit`	$45.00M	USD	2 Qtrs
Proceeds from credit facility	`ProceedsFromLongTermLinesOfCredit`	-	USD	2 Qtrs
Payments on credit facility	`RepaymentsOfLongTermLinesOfCredit`	$8.25M	USD	2 Qtrs
Payments on credit facility	`RepaymentsOfLongTermLinesOfCredit`	$30.75M	USD	2 Qtrs
Payment of earn-out liability	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$91.00K	USD	2 Qtrs
Payment of earn-out liability	`PaymentForContingentConsiderationLiabilityFinancingActivities`	-	USD	2 Qtrs
Proceeds from issuance of common stock upon stock option exercises	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Proceeds from issuance of common stock upon stock option exercises	`ProceedsFromStockOptionsExercised`	$206.00K	USD	2 Qtrs
Payments of dividends to shareholders	`PaymentsOfDividends`	$12.99M	USD	2 Qtrs
Payments of dividends to shareholders	`PaymentsOfDividends`	$12.60M	USD	2 Qtrs
Repurchases and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$79.79M	USD	2 Qtrs
Repurchases and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$17.78M	USD	2 Qtrs
Proceeds from common stock issued under employee stock purchase plan	`ProceedsFromIssuanceOfCommonStock`	$421.00K	USD	2 Qtrs
Proceeds from common stock issued under employee stock purchase plan	`ProceedsFromIssuanceOfCommonStock`	$374.00K	USD	2 Qtrs
Payment of minimum tax withholdings on share-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.29M	USD	2 Qtrs
Payment of minimum tax withholdings on share-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.29M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-44.41M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-86.00M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-27.54M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$10.07M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.28M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.82M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$47.39M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$37.32M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.28M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.82M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$47.39M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$37.32M	USD	Point-in-time

Stockholders Equity 41 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	26.46M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	25.79M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$593.65M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$664.35M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$707.24M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$611.77M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$685.63M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$673.61M	USD	Point-in-time
Net income	`NetIncomeLoss`	$36.37M	USD	1 Quarter
Net income	`NetIncomeLoss`	$98.12M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$56.32M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$42.69M	USD	1 Quarter
Net income	`NetIncomeLoss`	$55.43M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.95M	USD	1 Quarter
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$206.00K	USD	1 Quarter
Common stock issued under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$421.00K	USD	1 Quarter
Common stock issued under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$374.00K	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.31M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.76M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.15M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.16M	USD	1 Quarter
Payment of dividends to shareholders	`DividendsCommonStockCash`	$6.49M	USD	1 Quarter
Payment of dividends to shareholders	`DividendsCommonStockCash`	$6.50M	USD	1 Quarter
Payment of dividends to shareholders	`DividendsCommonStockCash`	$6.25M	USD	1 Quarter
Payment of dividends to shareholders	`DividendsCommonStockCash`	$6.34M	USD	1 Quarter
Payment of minimum tax withholdings on share-based awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.29M	USD	1 Quarter
Payment of minimum tax withholdings on share-based awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.25M	USD	1 Quarter
Payment of minimum tax withholdings on share-based awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$39.00K	USD	1 Quarter
Repurchases and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$17.78M	USD	1 Quarter
Repurchases and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$29.30M	USD	1 Quarter
Repurchases and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$50.49M	USD	1 Quarter
Issuance of share-based awards	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	1 Quarter
Issuance of share-based awards	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	26.46M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	25.79M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$593.65M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$664.35M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$707.24M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$611.77M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$685.63M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$673.61M	USD	Point-in-time

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