10-K Filing

MEDPACE HOLDINGS, INC. CIK: 1668397 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001668397-24-000013`
Period End Date	20231231
Filing Date	20240213
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	medp-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 54 Cash Flow Statement 92 Stockholders Equity 25 Comprehensive Income 9

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$245.45M	USD	Point-in-time
Accounts receivable and unbilled, net (includes $2.4 million and $7.7 million with related parties at December 31, 2023 and 2022, respectively)	`ReceivablesNetCurrent`	$298.40M	USD	Point-in-time
Accounts receivable and unbilled, net (includes $2.4 million and $7.7 million with related parties at December 31, 2023 and 2022, respectively)	`ReceivablesNetCurrent`	$253.40M	USD	Point-in-time
Prepaid expenses and other current assets (includes $0.3 million with related parties at December 31, 2023)	`PrepaidExpenseAndOtherAssetsCurrent`	$52.29M	USD	Point-in-time
Prepaid expenses and other current assets (includes $0.3 million with related parties at December 31, 2023)	`PrepaidExpenseAndOtherAssetsCurrent`	$49.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$333.96M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$593.83M	USD	Point-in-time
Accounts receivable and unbilled, net	`ReceivablesNetCurrent`	$298.40M	USD	Point-in-time
Accounts receivable and unbilled, net	`ReceivablesNetCurrent`	$253.40M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$52.29M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$49.98M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$120.59M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$109.85M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$144.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$31.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$33.07M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$139.07M	USD	Point-in-time
Advanced billings	`ContractWithCustomerLiabilityCurrent`	$559.86M	USD	Point-in-time
Advanced billings	`ContractWithCustomerLiabilityCurrent`	$462.73M	USD	Point-in-time
Goodwill	`Goodwill`	$662.40M	USD	Point-in-time
Goodwill	`Goodwill`	$662.40M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$38.01M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$40.44M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$47.55M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$35.81M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$48.08M	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
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$74.44M	USD	Point-in-time
Preferred stock authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$21.13M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$24.97M	USD	Point-in-time
Preferred stock issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total assets	`Assets`	$1.35B	USD	Point-in-time
Total assets	`Assets`	$1.66B	USD	Point-in-time
Preferred stock issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	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 (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Accounts payable (includes $3.1 million and $0.3 million with related parties at December 31, 2023 and 2022, respectively)	`AccountsPayableCurrent`	$31.87M	USD	Point-in-time
Accounts payable (includes $3.1 million and $0.3 million with related parties at December 31, 2023 and 2022, respectively)	`AccountsPayableCurrent`	$33.07M	USD	Point-in-time
Common stock authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$292.96M	USD	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	30.75M	shares	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	31.09M	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$210.12M	USD	Point-in-time
Advanced billings (includes $10.1 million and $8.8 million with related parties at December 31, 2023 and 2022, respectively)	`ContractWithCustomerLiabilityCurrent`	$559.86M	USD	Point-in-time
Advanced billings (includes $10.1 million and $8.8 million with related parties at December 31, 2023 and 2022, respectively)	`ContractWithCustomerLiabilityCurrent`	$462.73M	USD	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	31.09M	shares	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	30.75M	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	71,573.00	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	70,573.00	shares	Point-in-time
Short-term debt	`ShortTermBorrowings`	$50.00M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	-	USD	Point-in-time
Other current liabilities (includes $12.5 million with related parties at December 31, 2022)	`OtherLiabilitiesCurrent`	$40.44M	USD	Point-in-time
Other current liabilities (includes $12.5 million with related parties at December 31, 2022)	`OtherLiabilitiesCurrent`	$47.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$925.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$803.47M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$142.12M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$138.87M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$2.40M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$1.07M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$22.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$28.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$966.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.10B	USD	Point-in-time
Commitments and contingencies (see Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock - $0.01 par-value; 5,000,000 shares authorized; no shares issued and outstanding at December 31, 2023 and 2022, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - $0.01 par-value; 5,000,000 shares authorized; no shares issued and outstanding at December 31, 2023 and 2022, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock - $0.01 par-value; 250,000,000 shares authorized at December 31, 2023 and 2022, respectively; 30,752,292 and 31,091,694 shares issued and outstanding at December 31, 2023 and 2022, respectively	`CommonStockValue`	$309.00K	USD	Point-in-time
Common stock - $0.01 par-value; 250,000,000 shares authorized at December 31, 2023 and 2022, respectively; 30,752,292 and 31,091,694 shares issued and outstanding at December 31, 2023 and 2022, respectively	`CommonStockValue`	$308.00K	USD	Point-in-time
Treasury stock - 70,573 and 71,573 shares at December 31, 2023 and 2022, respectively	`TreasuryStockCommonValue`	$12.50M	USD	Point-in-time
Treasury stock - 70,573 and 71,573 shares at December 31, 2023 and 2022, respectively	`TreasuryStockCommonValue`	$12.32M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$770.79M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$802.68M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-359.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-221.65M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.39M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.07M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$952.93M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$386.39M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$558.95M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$805.78M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.35B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.66B	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.89B	USD	Annual
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.14B	USD	Annual
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.46B	USD	Annual
Revenue, net (includes $59.6 million, $55.4 million and $34.5 million with related parties for the years ended December 31, 2023, 2022 and 2021, respectively)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.89B	USD	Annual
Revenue, net (includes $59.6 million, $55.4 million and $34.5 million with related parties for the years ended December 31, 2023, 2022 and 2021, respectively)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.14B	USD	Annual
Revenue, net (includes $59.6 million, $55.4 million and $34.5 million with related parties for the years ended December 31, 2023, 2022 and 2021, respectively)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.46B	USD	Annual
Direct operating costs	`DirectOperatingCosts`	$1.03B	USD	Annual
Direct operating costs	`DirectOperatingCosts`	$814.22M	USD	Annual
Direct operating costs	`DirectOperatingCosts`	$1.36B	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$161.35M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$108.42M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$131.40M	USD	Annual
Depreciation	`Depreciation`	$16.00M	USD	Annual
Depreciation	`Depreciation`	$18.99M	USD	Annual
Depreciation	`Depreciation`	$24.13M	USD	Annual
Amortization	`AmortizationOfIntangibleAssets`	$5.11M	USD	Annual
Amortization	`AmortizationOfIntangibleAssets`	$3.35M	USD	Annual
Amortization	`AmortizationOfIntangibleAssets`	$2.20M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$1.55B	USD	Annual
Total operating expenses	`CostsAndExpenses`	$1.18B	USD	Annual
Total operating expenses	`CostsAndExpenses`	$943.76M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$198.62M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$336.82M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$278.70M	USD	Annual
Miscellaneous (expense) income, net	`OtherNonoperatingIncomeExpense`	$-655.00K	USD	Annual
Miscellaneous (expense) income, net	`OtherNonoperatingIncomeExpense`	$3.34M	USD	Annual
Miscellaneous (expense) income, net	`OtherNonoperatingIncomeExpense`	$7.07M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-105.00K	USD	Annual
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-488.00K	USD	Annual
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-2.90M	USD	Annual
Total other (expense) income, net	`NonoperatingIncomeExpense`	$3.24M	USD	Annual
Total other (expense) income, net	`NonoperatingIncomeExpense`	$4.16M	USD	Annual
Total other (expense) income, net	`NonoperatingIncomeExpense`	$-1.14M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$282.86M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$201.85M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$335.68M	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	$20.00M	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	$37.49M	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	$52.87M	USD	Annual
Net income	`NetIncomeLoss`	$245.37M	USD	Annual
Net income	`NetIncomeLoss`	$282.81M	USD	Annual
Net income	`NetIncomeLoss`	$181.85M	USD	Annual
Earnings per share, basic (in dollars per share)	`EarningsPerShareBasic`	$7.57	USD	Annual
Earnings per share, basic (in dollars per share)	`EarningsPerShareBasic`	$9.20	USD	Annual
Earnings per share, basic (in dollars per share)	`EarningsPerShareBasic`	$5.06	USD	Annual
Earnings per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$8.88	USD	Annual
Earnings per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$4.81	USD	Annual
Earnings per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$7.28	USD	Annual
Weighted average number of shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	30.72M	shares	Annual
Weighted average number of shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	35.86M	shares	Annual
Weighted average number of shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	32.39M	shares	Annual
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.84M	shares	Annual
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.70M	shares	Annual
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.67M	shares	Annual

Cash Flow Statement 92 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$245.37M	USD	Annual
Net income	`NetIncomeLoss`	$282.81M	USD	Annual
Net income	`NetIncomeLoss`	$181.85M	USD	Annual
Depreciation	`Depreciation`	$16.00M	USD	Annual
Depreciation	`Depreciation`	$18.99M	USD	Annual
Depreciation	`Depreciation`	$24.13M	USD	Annual
Amortization	`AmortizationOfIntangibleAssets`	$5.11M	USD	Annual
Amortization	`AmortizationOfIntangibleAssets`	$3.35M	USD	Annual
Amortization	`AmortizationOfIntangibleAssets`	$2.20M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$21.41M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$20.52M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$14.47M	USD	Annual
Noncash lease expense	`NonCashLeaseExpense`	$16.29M	USD	Annual
Noncash lease expense	`NonCashLeaseExpense`	$18.02M	USD	Annual
Noncash lease expense	`NonCashLeaseExpense`	$19.65M	USD	Annual
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-25.12M	USD	Annual
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-23.01M	USD	Annual
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-37.11M	USD	Annual
Other	`OtherNoncashIncomeExpense`	$2.13M	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-8.00K	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-2.71M	USD	Annual
Accounts receivable and unbilled, net	`IncreaseDecreaseInReceivables`	$48.28M	USD	Annual
Accounts receivable and unbilled, net	`IncreaseDecreaseInReceivables`	$66.92M	USD	Annual
Accounts receivable and unbilled, net	`IncreaseDecreaseInReceivables`	$24.98M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.99M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$9.13M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$10.18M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.87M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.43M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.05M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$26.16M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$82.08M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$52.48M	USD	Annual
Advanced billings	`IncreaseDecreaseInContractWithCustomerLiability`	$88.98M	USD	Annual
Advanced billings	`IncreaseDecreaseInContractWithCustomerLiability`	$97.13M	USD	Annual
Advanced billings	`IncreaseDecreaseInContractWithCustomerLiability`	$118.09M	USD	Annual
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-15.90M	USD	Annual
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-18.87M	USD	Annual
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-15.63M	USD	Annual
Other assets and liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-22.05M	USD	Annual
Other assets and liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$544.00K	USD	Annual
Other assets and liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$9.61M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$388.05M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$433.37M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$263.33M	USD	Annual
Property and equipment expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$28.27M	USD	Annual
Property and equipment expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$36.88M	USD	Annual
Property and equipment expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$36.65M	USD	Annual
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.02M	USD	Annual
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$3.09M	USD	Annual
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$1.86M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.36M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-38.74M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-34.63M	USD	Annual
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$17.64M	USD	Annual
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$11.38M	USD	Annual
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$22.07M	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$62.10M	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$144.02M	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$847.85M	USD	Annual
Proceeds from revolving loan	`ProceedsFromLinesOfCredit`	-	USD	Annual
Proceeds from revolving loan	`ProceedsFromLinesOfCredit`	$105.00M	USD	Annual
Proceeds from revolving loan	`ProceedsFromLinesOfCredit`	$324.20M	USD	Annual
Payments on revolving loan	`RepaymentsOfLinesOfCredit`	$274.20M	USD	Annual
Payments on revolving loan	`RepaymentsOfLinesOfCredit`	-	USD	Annual
Payments on revolving loan	`RepaymentsOfLinesOfCredit`	$155.00M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-44.45M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-182.64M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-775.77M	USD	Annual
EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.08M	USD	Annual
EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-3.97M	USD	Annual
EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-6.57M	USD	Annual
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$183.54M	USD	Annual
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-433.04M	USD	Annual
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$217.18M	USD	Annual
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$28.27M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$461.30M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$245.45M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$277.77M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$28.27M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$461.30M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$245.45M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$277.77M	USD	Point-in-time
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	$56.24M	USD	Annual
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	$50.16M	USD	Annual
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	$76.35M	USD	Annual
Cash paid during the period for interest	`InterestPaidNet`	$123.00K	USD	Annual
Cash paid during the period for interest	`InterestPaidNet`	$2.94M	USD	Annual
Cash paid during the period for interest	`InterestPaidNet`	$3.06M	USD	Annual
Acquisition of property and equipmentnon-cash	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$6.35M	USD	Annual
Acquisition of property and equipmentnon-cash	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$5.25M	USD	Annual
Acquisition of property and equipmentnon-cash	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$7.84M	USD	Annual

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`StockholdersEquity`	$952.93M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$386.39M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$558.95M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$805.78M	USD	Point-in-time
Net income	`NetIncomeLoss`	$245.37M	USD	Annual
Net income	`NetIncomeLoss`	$282.81M	USD	Annual
Net income	`NetIncomeLoss`	$181.85M	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-7.55M	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.71M	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.32M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$14.47M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$21.41M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$20.52M	USD	Annual
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$11.38M	USD	Annual
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$17.64M	USD	Annual
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$22.07M	USD	Annual
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$847.85M	USD	Annual
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$62.10M	USD	Annual
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$144.46M	USD	Annual
Retirement of treasury stock	`TreasuryStockRetiredParValueMethodAmount`	-	USD	Annual
Re-issuance of treasury stock	`StockIssuedDuringPeriodValueTreasuryStockReissued`	-	USD	Annual
Balance, end of period	`StockholdersEquity`	$952.93M	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$386.39M	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$558.95M	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$805.78M	USD	Point-in-time

Comprehensive Income 9 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$245.37M	USD	Annual
Net income	`NetIncomeLoss`	$282.81M	USD	Annual
Net income	`NetIncomeLoss`	$181.85M	USD	Annual
Foreign currency translation adjustments, net of taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-7.55M	USD	Annual
Foreign currency translation adjustments, net of taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.71M	USD	Annual
Foreign currency translation adjustments, net of taxes	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.32M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$237.82M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$177.13M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$285.13M	USD	Annual

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