2010 Q4 Form 10-K Financial Statement

#000128941912000063 Filed on February 24, 2012

View on sec.gov

Income Statement

Concept 2010 Q4 2010 Q3 2010 Q2
Revenue $151.2M $139.8M $136.1M
YoY Change 23.29% 16.42% 13.88%
Cost Of Revenue $42.30M $40.71M $39.74M
YoY Change 18.49% 27.23% 29.44%
Gross Profit $108.9M $99.10M $96.35M
YoY Change 25.32% 12.49% 8.51%
Gross Profit Margin 72.05% 70.88% 70.8%
Selling, General & Admin $51.20M $46.34M $47.54M
YoY Change 16.89% 18.83% 25.44%
% of Gross Profit 47.02% 46.76% 49.34%
Research & Development $13.80M $12.70M $11.90M
YoY Change 35.29% 35.14% 26.59%
% of Gross Profit 12.67% 12.82% 12.35%
Depreciation & Amortization $11.60M $9.897M $9.246M
YoY Change 33.33% 49.95% 5.07%
% of Gross Profit 10.65% 9.99% 9.6%
Operating Expenses $76.60M $59.05M $59.44M
YoY Change 22.17% 7.36% 5.95%
Operating Profit $32.29M $30.16M $27.67M
YoY Change 33.43% -8.88% -15.39%
Interest Expense $700.0K $512.0K $600.0K
YoY Change 0.0% -14.67% -25.0%
% of Operating Profit 2.17% 1.7% 2.17%
Other Income/Expense, Net $684.0K $6.206M $21.00K
YoY Change -162.18% 3003.0% -98.25%
Pretax Income $32.97M $36.37M $27.69M
YoY Change 37.96% 7.28% -20.21%
Income Tax $9.619M $11.92M $10.23M
% Of Pretax Income 29.17% 32.77% 36.93%
Net Earnings $23.50M $24.68M $18.00M
YoY Change 58.8% 13.2% -12.19%
Net Earnings / Revenue 15.55% 17.65% 13.23%
Basic Earnings Per Share $0.47 $0.50 $0.37
Diluted Earnings Per Share $0.46 $0.49 $0.36
COMMON SHARES
Basic Shares Outstanding 49.52M shares 49.40M shares 49.23M shares
Diluted Shares Outstanding 50.76M shares 50.54M shares 50.53M shares

Balance Sheet

Concept 2010 Q4 2010 Q3 2010 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $365.4M $339.3M $320.4M
YoY Change 6.65% -6.32% -0.87%
Cash & Equivalents $180.2M $175.9M $154.4M
Short-Term Investments $185.2M $163.5M $166.0M
Other Short-Term Assets $17.65M $15.40M $14.00M
YoY Change 28.86% -14.92% -18.6%
Inventory
Prepaid Expenses
Receivables $110.9M $94.60M $90.10M
Other Receivables $10.50M $9.600M $13.10M
Total Short-Term Assets $507.3M $458.9M $437.6M
YoY Change 14.23% -0.78% 2.29%
LONG-TERM ASSETS
Property, Plant & Equipment $62.11M $57.70M $56.50M
YoY Change 3.81% -5.1% -6.46%
Goodwill $317.7M
YoY Change 27.32%
Intangibles
YoY Change
Long-Term Investments $24.30M $24.00M $24.10M
YoY Change 0.83% 18.23% 19.31%
Other Assets $5.971M $6.900M $5.700M
YoY Change -2.11% 46.81% 54.05%
Total Long-Term Assets $579.0M $567.3M $524.9M
YoY Change 21.9% 36.21% 26.48%
TOTAL ASSETS
Total Short-Term Assets $507.3M $458.9M $437.6M
Total Long-Term Assets $579.0M $567.3M $524.9M
Total Assets $1.086B $1.026B $962.5M
YoY Change 18.19% 16.75% 14.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $42.70M $37.50M $33.80M
YoY Change 40.0% 22.95% 21.15%
Accrued Expenses $62.40M $47.90M $37.70M
YoY Change 27.61% 42.14% 39.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $252.7M $221.8M $213.3M
YoY Change 21.79% 16.86% 12.8%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $27.21M $30.60M $29.70M
YoY Change -12.78% 4.44% 7.22%
Total Long-Term Liabilities $27.21M $30.60M $29.70M
YoY Change -12.78% 4.44% 7.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $252.7M $221.8M $213.3M
Total Long-Term Liabilities $27.21M $30.60M $29.70M
Total Liabilities $304.9M $271.8M $247.4M
YoY Change 19.79% 18.9% 10.05%
SHAREHOLDERS EQUITY
Retained Earnings $323.4M
YoY Change
Common Stock $458.4M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.641M
YoY Change
Treasury Stock Shares 279.5K shares
Shareholders Equity $780.3M $754.4M $715.1M
YoY Change
Total Liabilities & Shareholders Equity $1.086B $1.026B $962.5M
YoY Change 18.19% 16.75% 14.2%

Cashflow Statement

Concept 2010 Q4 2010 Q3 2010 Q2
OPERATING ACTIVITIES
Net Income $23.50M $24.68M $18.00M
YoY Change 58.8% 13.2% -12.19%
Depreciation, Depletion And Amortization $11.60M $9.897M $9.246M
YoY Change 33.33% 49.95% 5.07%
Cash From Operating Activities $43.10M $35.30M $30.50M
YoY Change 26.76% -1.94% -22.98%
INVESTING ACTIVITIES
Capital Expenditures -$7.100M -$3.900M -$2.100M
YoY Change 238.1% 11.43% -4.55%
Acquisitions
YoY Change
Other Investing Activities -$34.50M -$17.00M -$57.90M
YoY Change -64.25% -52.38% 136.33%
Cash From Investing Activities -$41.50M -$20.80M -$60.20M
YoY Change -57.91% -46.94% 125.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.900M 1.500M 1.200M
YoY Change -47.27% -60.53% -90.7%
NET CHANGE
Cash From Operating Activities 43.10M 35.30M 30.50M
Cash From Investing Activities -41.50M -20.80M -60.20M
Cash From Financing Activities 2.900M 1.500M 1.200M
Net Change In Cash 4.500M 16.00M -28.50M
YoY Change -107.61% 2566.67% -210.47%
FREE CASH FLOW
Cash From Operating Activities $43.10M $35.30M $30.50M
Capital Expenditures -$7.100M -$3.900M -$2.100M
Free Cash Flow $50.20M $39.20M $32.60M
YoY Change 39.06% -0.76% -22.01%

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CY2011Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2010Q4 us-gaap Deferred Tax Assets Net
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CY2011Q4 us-gaap Deferred Tax Assets Net
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12977000 USD
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185000 USD
CY2011Q4 us-gaap Deferred Tax Assets Other
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383000 USD
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7859000 USD
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5728000 USD
CY2011Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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7789000 USD
CY2011Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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503000 USD
CY2010Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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461000 USD
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8847000 USD
CY2010Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
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8837000 USD
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159000 USD
CY2010Q4 us-gaap Deferred Tax Assets Unrealized Currency Losses
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0 USD
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CY2011Q4 us-gaap Deferred Tax Liabilities
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19975000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Noncurrent
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15940000 USD
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CY2010Q4 us-gaap Deferred Tax Liabilities Other
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CY2011Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2011Q4 us-gaap Deferred Tax Liabilities Unrealized Currency Transaction Gains
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0 USD
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5601000 USD
CY2010 us-gaap Defined Benefit Plan Contributions By Employer
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3321000 USD
CY2009 us-gaap Defined Benefit Plan Contributions By Employer
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CY2010 us-gaap Depreciation
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CY2011 us-gaap Depreciation
Depreciation
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31961000 USD
CY2010 us-gaap Depreciation Depletion And Amortization
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39664000 USD
CY2011 us-gaap Depreciation Depletion And Amortization
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42913000 USD
CY2011 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Recently Issued Accounting Pronouncements</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In May 2011, the FASB issued ASU No. 2011-04, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. </font><font style="font-family:Arial;font-size:10pt;">ASU No. 2011-04 clarifies existing fair value measurement and disclosure requirements, amends certain fair value measurement principles and requires additional disclosures about fair value measurements. For Morningstar, ASU No. 2011-04 will be applied prospectively beginning on January 1, 2012. We do not expect the provisions of ASU No. 2011-04 will have a material impact on our consolidated financial statements. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#221e1f;">In September 2011, the FASB issued ASU </font><font style="font-family:Arial;font-size:10pt;">No. 2011-08, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Intangibles&#8212;Goodwill and Other (Topic 350): Testing Goodwill for Impairment. </font><font style="font-family:Arial;font-size:10pt;">The objective of this Update is to simplify how entities test goodwill for impairment. An entity may first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, as a basis for determining whether it is necessary to perform the two-step goodwill impairment test described in Topic 350. The more-likely-than-not threshold is defined as having a likelihood of more than </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">50%</font><font style="font-family:Arial;font-size:10pt;">. For Morningstar, t</font><font style="font-family:Arial;font-size:10pt;color:#221e1f;">he amendments are effective for annual and interim goodwill impairment tests performed in 2012. Early adoption will be permitted. </font><font style="font-family:Arial;font-size:10pt;">We do not expect the provisions of ASU No. 2011-08 to have a material impact on our consolidated financial statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In December 2011, the FASB issued ASU No. 2011-12, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05. </font><font style="font-family:Arial;font-size:10pt;"> ASU No. 2011-12 defers the effective date of the requirement to present separate line items on the income statement for reclassification adjustments of items out of accumulated other comprehensive income into net income. The deferral is temporary until the Board reconsiders the operational concerns and needs of financial statement users. The Board has not yet established a timetable for its reconsideration. </font></div></div>
CY2009 us-gaap Distributed Earnings
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0 USD
CY2011 us-gaap Distributed Earnings
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CY2010 us-gaap Distributed Earnings
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10000 USD
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12550000 USD
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2494000 USD
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2011-12-09
CY2011 us-gaap Earnings Per Share Basic
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1.96
CY2010 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.75
CY2009 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.71
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0.56
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0.37
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0.52
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0.55
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0.47
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0.42
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EarningsPerShareBasic
0.53
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0.41
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EarningsPerShareBasic
0.50
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0.45
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EarningsPerShareDiluted
1.70
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.92
CY2009 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.65
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EarningsPerShareDiluted
0.36
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EarningsPerShareDiluted
0.40
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EarningsPerShareDiluted
0.49
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0.42
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EarningsPerShareDiluted
0.46
CY2009 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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4704000 USD
CY2010 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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1688000 USD
CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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0.363
CY2010 us-gaap Effective Income Tax Rate Continuing Operations
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0.331
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
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0.307
CY2009 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2010 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2009 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.009
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-0.009
CY2011 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.003
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0.000
CY2010 us-gaap Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
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0.001
CY2009 us-gaap Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
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0.000
CY2011 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2009 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.002
CY2010 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.020
CY2011 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
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CY2009 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
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0.011
CY2010 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2009 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.001
CY2010 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.000
CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.010
CY2010 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.013
CY2009 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.027
CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
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0.002
CY2010 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
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0.001
CY2009 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
-0.010
CY2010 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
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CY2009 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
-0.015
CY2011Q4 us-gaap Employee Related Liabilities Current
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73124000 USD
CY2010Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
62404000 USD
CY2011Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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34879000 USD
CY2011 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition
34 Months
CY2009 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3625000 USD
CY2010 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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3500000 USD
CY2011 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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3535000 USD
CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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9525000 USD
CY2009 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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8693000 USD
CY2010 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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7507000 USD
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9525000 USD
CY2009 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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8693000 USD
CY2010 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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7507000 USD
CY2011Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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109565000 USD
CY2010Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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82691000 USD
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18963000 USD
CY2011 us-gaap Finite Lived Intangible Assets Amortization Expense
FiniteLivedIntangibleAssetsAmortizationExpense
27267000 USD
CY2010 us-gaap Finite Lived Intangible Assets Amortization Expense
FiniteLivedIntangibleAssetsAmortizationExpense
24850000 USD
CY2011Q4 us-gaap Finite Lived Intangible Assets Gross
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249374000 USD
CY2010Q4 us-gaap Finite Lived Intangible Assets Gross
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251714000 USD
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169023000 USD
CY2011Q4 us-gaap Finite Lived Intangible Assets Net
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139809000 USD
CY2011 us-gaap Finite Lived Intangible Assets Useful Life Maximum
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25 Years
CY2011 us-gaap Finite Lived Intangible Assets Useful Life Minimum
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1 Years
CY2010 us-gaap Finite Lived Intangible Assets Weighted Average Useful Life
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10 Years
CY2011 us-gaap Finite Lived Intangible Assets Weighted Average Useful Life
FiniteLivedIntangibleAssetsWeightedAverageUsefulLife
10 Years
CY2011 us-gaap Future Amortization Expense Year Five
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14441000 USD
CY2011 us-gaap Future Amortization Expense Year Four
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19042000 USD
CY2011 us-gaap Future Amortization Expense Year One
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23803000 USD
CY2011 us-gaap Future Amortization Expense Year Three
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19907000 USD
CY2011 us-gaap Future Amortization Expense Year Two
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21131000 USD
CY2009 us-gaap General And Administrative Expense
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83596000 USD
CY2010 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
92843000 USD
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
108084000 USD
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317661000 USD
CY2011Q4 us-gaap Goodwill
Goodwill
318492000 USD
CY2009Q4 us-gaap Goodwill
Goodwill
249492000 USD
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GoodwillImpairmentLoss
0 USD
CY2009 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2011 us-gaap Goodwill Impairment Loss
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0 USD
CY2011 us-gaap Goodwill Translation Adjustments
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-556000 USD
CY2010 us-gaap Goodwill Translation Adjustments
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2989000 USD
CY2011Q4 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
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16347000 USD
CY2010Q4 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
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7476000 USD
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7476000 USD
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16347000 USD
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7223000 USD
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16342000 USD
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16342000 USD
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7223000 USD
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0 USD
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0 USD
CY2010Q4 us-gaap Heldtomaturity Securities Unrecognized Holding Gain
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0 USD
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123948000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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123390000 USD
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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112357000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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16734000 USD
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
15434000 USD
CY2009 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
3659000 USD
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
127791000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
140124000 USD
CY2009 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
127607000 USD
CY2011Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
32583000 USD
CY2010Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
36367000 USD
CY2010Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
27688000 USD
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
33285000 USD
CY2010Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
30763000 USD
CY2011Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
35640000 USD
CY2010Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
32973000 USD
CY2011Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
38616000 USD
CY2011 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1848000 USD
CY2009 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1165000 USD
CY2010 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1422000 USD
CY2010Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
246000 USD
CY2010Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
454000 USD
CY2011Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
451000 USD
CY2010Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
333000 USD
CY2011Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
374000 USD
CY2010Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
389000 USD
CY2011Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
595000 USD
CY2011Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
428000 USD
CY2010 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
1526000 USD
CY2011 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
1726000 USD
CY2009 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
46775000 USD
CY2010 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42756000 USD
CY2010 us-gaap Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
-79000 USD
CY2009 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
266000 USD
CY2010 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-2567000 USD
CY2011 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-2393000 USD
CY2010 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
45194000 USD
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
43658000 USD
CY2010Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10995000 USD
CY2011Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12724000 USD
CY2011Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10518000 USD
CY2011Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12343000 USD
CY2010Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11917000 USD
CY2010Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10225000 USD
CY2010Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9619000 USD
CY2011Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8073000 USD
CY2010 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1186000 USD
CY2009 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1221000 USD
CY2011 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
394000 USD
CY2011 us-gaap Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
0 USD
CY2009 us-gaap Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
70000 USD
CY2009 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
45117000 USD
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
49705000 USD
CY2011 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
0 USD
CY2009 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
1384000 USD
CY2010 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
0 USD
CY2010 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
97000 USD
CY2011 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
440000 USD
CY2009 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-396000 USD
CY2009 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-211000 USD
CY2010 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
54000 USD
CY2011 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
176000 USD
CY2009 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
3470000 USD
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1376000 USD
CY2010 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1756000 USD
CY2009 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
1311000 USD
CY2011 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
-346000 USD
CY2010 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
-77000 USD
CY2011 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
7734000 USD
CY2009 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
1923000 USD
CY2010 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
984000 USD
CY2010 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
37624000 USD
CY2011 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
38054000 USD
CY2009 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
38009000 USD
CY2011Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
7445000 USD
CY2010Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
10459000 USD
CY2009 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-12364000 USD
CY2011 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3858000 USD
CY2010 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
23652000 USD
CY2011 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
10751000 USD
CY2010 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
4569000 USD
CY2009 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
11676000 USD
CY2009 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
2207000 USD
CY2010 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-211000 USD
CY2011 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
4436000 USD
CY2009 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-8704000 USD
CY2011 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
9578000 USD
CY2010 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
5752000 USD
CY2011 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
10176000 USD
CY2009 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-26729000 USD
CY2010 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
12166000 USD
CY2011 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2728000 USD
CY2009 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2521000 USD
CY2010 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2341000 USD
CY2009 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1076000 USD
CY2011 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1098000 USD
CY2010 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-638000 USD
CY2011 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
956000 shares
CY2009 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1681000 shares
CY2010 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1306000 shares
CY2010 us-gaap Interest And Other Income
InterestAndOtherIncome
2718000 USD
CY2009 us-gaap Interest And Other Income
InterestAndOtherIncome
3364000 USD
CY2011 us-gaap Interest And Other Income
InterestAndOtherIncome
3679000 USD
CY2011 us-gaap Interest Expense
InterestExpense
1318000 USD
CY2010 us-gaap Interest Expense
InterestExpense
281000 USD
CY2009 us-gaap Interest Expense
InterestExpense
348000 USD
CY2010 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
2437000 USD
CY2009 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
3016000 USD
CY2011 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
2361000 USD
CY2010Q3 us-gaap Net Income Loss
NetIncomeLoss
24677000 USD
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
22537000 USD
CY2010Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
24262000 USD
CY2011Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
27642000 USD
CY2010Q4 us-gaap Liabilities
Liabilities
304877000 USD
CY2011Q4 us-gaap Liabilities
Liabilities
315068000 USD
CY2010Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1086302000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1172084000 USD
CY2010Q4 us-gaap Liabilities Current
LiabilitiesCurrent
252724000 USD
CY2011Q4 us-gaap Liabilities Current
LiabilitiesCurrent
270633000 USD
CY2010Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
185240000 USD
CY2011Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
269755000 USD
CY2011Q4 us-gaap Minority Interest
MinorityInterest
1646000 USD
CY2010Q4 us-gaap Minority Interest
MinorityInterest
1109000 USD
CY2009 us-gaap Minority Interest Increase From Stock Issuance
MinorityInterestIncreaseFromStockIssuance
933000 USD
CY2011 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Description of Business</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Morningstar,&#160;Inc. and its subsidiaries (Morningstar, we, our), is a provider of independent investment research to investors around the world. We offer an extensive line of data, software, and research products for individual investors, financial advisors, and institutional clients. We also offer asset management services for advisors, institutions, and retirement plan participants. We have operations in </font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">27</font><font style="font-family:Arial;font-size:10pt;"> countries.</font></div></div>
CY2009 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
25320000 USD
CY2010 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12525000 USD
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-32596000 USD
CY2009 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-174675000 USD
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-110767000 USD
CY2010 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-87949000 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
164976000 USD
CY2010 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
123416000 USD
CY2009 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
101256000 USD
CY2009 us-gaap Net Income Loss
NetIncomeLoss
82129000 USD
CY2010 us-gaap Net Income Loss
NetIncomeLoss
86370000 USD
CY2011 us-gaap Net Income Loss
NetIncomeLoss
98357000 USD
CY2010Q1 us-gaap Net Income Loss
NetIncomeLoss
20188000 USD
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
21380000 USD
CY2011Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
9000 USD
CY2010Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-179000 USD
CY2010Q4 us-gaap Net Income Loss
NetIncomeLoss
23503000 USD
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
26485000 USD
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
27955000 USD
CY2010Q2 us-gaap Net Income Loss
NetIncomeLoss
18002000 USD
CY2011 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-43000 USD
CY2010 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
87000 USD
CY2009 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-132000 USD
CY2011Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-10000 USD
CY2010Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
97000 USD
CY2010Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-85000 USD
CY2011Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2000 USD
CY2011Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-98000 USD
CY2010Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-31000 USD
CY2011Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
63000 USD
CY2010Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
106000 USD
CY2010 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
86025000 USD
CY2009 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
82129000 USD
CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
98058000 USD
CY2011 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
98063000 USD
CY2009 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
82129000 USD
CY2010 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
86034000 USD
CY2011 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1709000 USD
CY2009 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2934000 USD
CY2010 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
6732000 USD
CY2011Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
774000 USD
CY2010Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
21000 USD
CY2011Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-579000 USD
CY2010Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
6206000 USD
CY2011Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1505000 USD
CY2010Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
684000 USD
CY2011Q4 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
27 Countries
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
138415000 USD
CY2009 us-gaap Operating Income Loss
OperatingIncomeLoss
124673000 USD
CY2010 us-gaap Operating Income Loss
OperatingIncomeLoss
121059000 USD
CY2010Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
32289000 USD
CY2010Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
30161000 USD
CY2011Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
34135000 USD
CY2010Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
30942000 USD
CY2011Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
31809000 USD
CY2011Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
38607000 USD
CY2010Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
27667000 USD
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
33864000 USD
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
146626000 USD
CY2009 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
19489000 USD
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
15722000 USD
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
15975000 USD
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
15624000 USD
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
67036000 USD
CY2009 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
15889000 USD
CY2010 us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
172000 USD
CY2011 us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
166000 USD
CY2009 us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
0 USD
CY2009 us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax
0 USD
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
16856000 USD
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
15413000 USD
CY2011 us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax
94000 USD
CY2010 us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax
0 USD
CY2009 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-111000 USD
CY2010 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
417000 USD
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-773000 USD
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
447000 USD
CY2010 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0 USD
CY2009 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0 USD
CY2011Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
612000 USD
CY2010 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
18638000 USD
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
20122000 USD
CY2011Q4 us-gaap Other Assets Current
OtherAssetsCurrent
15980000 USD
CY2010Q4 us-gaap Other Assets Current
OtherAssetsCurrent
17654000 USD
CY2010Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5971000 USD
CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5912000 USD
CY2010 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
4909000 USD
CY2011 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
-2345000 USD
CY2009 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
16000000 USD
CY2011 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-2345000 USD
CY2009 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
16000000 USD
CY2010 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
4909000 USD
CY2010 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
5154000 USD
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-3284000 USD
CY2010Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1373000 USD
CY2010Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
27213000 USD
CY2011Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
22771000 USD
CY2010 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
90000 USD
CY2011 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-592000 USD
CY2009 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-575000 USD
CY2009 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-82000 USD
CY2011 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-652000 USD
CY2010 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4295000 USD
CY2009 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
4209000 USD
CY2010 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-500000 USD
CY2011 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2420000 USD
CY2010 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3785000 USD
CY2011 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
40672000 USD
CY2009 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2011 us-gaap Payments Of Dividends
PaymentsOfDividends
10041000 USD
CY2009 us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
CY2010 us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
CY2009 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
92851000 USD
CY2010 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
214929000 USD
CY2009Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
59828000 USD
CY2011 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
234868000 USD
CY2011 us-gaap Profit Loss
ProfitLoss
98314000 USD
CY2010 us-gaap Profit Loss
ProfitLoss
86457000 USD
CY2010 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
102324000 USD
CY2009 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
74175000 USD
CY2011 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-300000 USD
CY2009 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
176770000 USD
CY2010 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
186283000 USD
CY2011 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
320193000 USD
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
23322000 USD
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14771000 USD
CY2009 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12372000 USD
CY2010 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
9220000 USD
CY2009 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
16439000 USD
CY2011 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
8702000 USD
CY2009 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
188000 USD
CY2011 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-110000 USD
CY2010 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-417000 USD
CY2009 us-gaap Profit Loss
ProfitLoss
81997000 USD
CY2011Q4 us-gaap Profit Loss
ProfitLoss
28018000 USD
CY2011Q1 us-gaap Profit Loss
ProfitLoss
22439000 USD
CY2010Q3 us-gaap Profit Loss
ProfitLoss
24783000 USD
CY2010Q2 us-gaap Profit Loss
ProfitLoss
17917000 USD
CY2010Q4 us-gaap Profit Loss
ProfitLoss
23600000 USD
CY2010Q1 us-gaap Profit Loss
ProfitLoss
20157000 USD
CY2011Q3 us-gaap Profit Loss
ProfitLoss
21370000 USD
CY2011Q2 us-gaap Profit Loss
ProfitLoss
26487000 USD
CY2010Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
130673000 USD
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
138945000 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
68196000 USD
CY2010Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
62105000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
409022000 USD
CY2011 us-gaap Property Plant And Equipment Useful Life Average
PropertyPlantAndEquipmentUsefulLifeAverage
3 Years
CY2011 us-gaap Property Plant And Equipment Useful Life Maximum
PropertyPlantAndEquipmentUsefulLifeMaximum
7 Years
CY2011 us-gaap Property Plant And Equipment Useful Life Minimum
PropertyPlantAndEquipmentUsefulLifeMinimum
3 Years
CY2009 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1292000 USD
CY2011 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1237000 USD
CY2010 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
413000 USD
CY2012Q1 us-gaap Related Party Transaction Revenues From Transactions With Related Party
RelatedPartyTransactionRevenuesFromTransactionsWithRelatedParty
12400000 USD
CY2011 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
53157000 USD
CY2010 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
49244000 USD
CY2009 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
38378000 USD
CY2010Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
323408000 USD
CY2011 us-gaap Revenue Recognition Software
RevenueRecognitionSoftware
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Revenue Recognition</font><font style="font-family:Arial;font-size:10pt;">:&#160; We recognize revenue in accordance with SEC SAB Topic 13, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Revenue Recognition</font><font style="font-family:Arial;font-size:10pt;">, ASC 605-25, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Revenue Recognition:&#160; Multiple Element Arrangements</font><font style="font-family:Arial;font-size:10pt;">, and ASC 985-605, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Software: Revenue Recognition</font><font style="font-family:Arial;font-size:10pt;">.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Effective January&#160;1, 2011, we adopted FASB ASU No.&#160;2009-13,</font><font style="font-family:Arial;font-size:10pt;font-style:italic;"> Revenue Recognition (Topic 605): Multiple-Deliverable Revenue Arrangements</font><font style="font-family:Arial;font-size:10pt;">. ASU 2009-13 superseded EITF Issue 00-21, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Revenue Arrangements with Multiple Deliverables</font><font style="font-family:Arial;font-size:10pt;"> and establishes the accounting and reporting guidance for arrangements when a vendor performs multiple revenue-generating activities, addresses how to separate deliverables, and specifies how to measure and allocate arrangement consideration. We applied this guidance for revenue arrangements entered into or materially modified from January&#160;1, 2011. The adoption of ASU 2009-13 did not significantly affect either the timing or amount of our revenue recognition.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">We recognize revenue when all of the following conditions are met:</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">There is persuasive evidence of an arrangement, as evidenced by a signed contract;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Delivery of our products and services is a prerequisite for recognition of revenue. If arrangements include an acceptance provision, we generally begin recognizing revenue upon the receipt of customer acceptance;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The amount of fees to be paid by the customer is fixed or determinable; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The collectibility of the fees is reasonably assured.</font></div></td></tr></table><div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">We generate revenue through sales of Licensed Data, Morningstar Advisor Workstation (including Morningstar Office), Morningstar Direct, Morningstar Equity Research, Premium Membership fees for Morningstar.com, our structured credit research and ratings offerings, and a variety of other investment-related products and services. We generally structure the revenue agreements for these offerings as licenses or subscriptions. We recognize revenue from licenses and subscription sales ratably as we deliver the product or service and over the service obligation period defined by the terms of the customer contract. For new-issue ratings and analysis for CMBS, we charge asset-based fees that are paid by the issuer on the rated balance of the transaction and recognize the revenue immediately upon issuance of the transaction.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">We also generate revenue from Internet advertising, primarily from &#8220;impression-based&#8221; contracts. For advertisers who use our cost-per-impression pricing, we charge fees each time we display their ads on our site. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Investment Consulting includes a broad range of services. Pricing for the consulting services is based on the scope of work and the level of service required, and includes asset-based fees for work we perform that involves investment management or acting as a subadvisor to investment portfolios. In arrangements that involve asset-based fees, we generally invoice clients quarterly in arrears based on average assets for the quarter. We recognize asset-based fees once the fees are fixed and determinable assuming all other revenue recognition criteria are met.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Our Retirement Solutions offerings help retirement plan participants plan and invest for retirement. We offer these services both through retirement plan providers (typically third-party asset management companies that offer proprietary mutual funds) and directly to plan sponsors (employers that offer retirement plans to their employees). For our Retirement Solutions offerings, we provide both a hosted solution as well as proprietary installed software advice solution. Clients can integrate the installed customized software into their existing systems to help investors accumulate wealth, transition into retirement, and manage income during retirement. The revenue arrangements for Retirement Solutions generally extend over multiple years. Our contracts may include one-time setup fees, implementation fees, technology licensing and maintenance fees, asset-based fees for managed retirement accounts, fixed and variable fees for advice and guidance, or a combination of these fee structures. Upon customer acceptance, we recognize revenue ratably over the term of the agreement. We recognize asset-based fees and variable fees in excess of any minimum once the value is fixed and determinable.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Some of our revenue arrangements with our customers combine multiple products and services. These products and services may be provided at different points in time or over different time periods within the same arrangement. We allocate fees to the separate deliverables based on the deliverables&#8217; relative selling price, which is generally based on the price we charge when the same deliverable is sold separately.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">We record taxes imposed on revenue-producing transactions (such as sales, use, value-added, and some excise taxes) on a net basis; therefore, we exclude such taxes from revenue in our Consolidated Statements of Income.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Deferred revenue represents the portion of subscriptions billed or collected in advance of the service being provided, which we expect to recognize as revenue in future periods. Certain arrangements may have cancellation or refund provisions. If we make a refund, it typically reflects the amount collected from a customer for which we have not yet provided services. The refund therefore results in a reduction of deferred revenue.</font></div></div>
CY2009 us-gaap Sales Revenue Net
SalesRevenueNet
478996000 USD
CY2011 us-gaap Sales Revenue Net
SalesRevenueNet
631400000 USD
CY2010 us-gaap Sales Revenue Net
SalesRevenueNet
555351000 USD
CY2011Q3 us-gaap Sales Revenue Net
SalesRevenueNet
160051000 USD
CY2010Q1 us-gaap Sales Revenue Net
SalesRevenueNet
128290000 USD
CY2010Q3 us-gaap Sales Revenue Net
SalesRevenueNet
139817000 USD
CY2011Q2 us-gaap Sales Revenue Net
SalesRevenueNet
161011000 USD
CY2010Q4 us-gaap Sales Revenue Net
SalesRevenueNet
151153000 USD
CY2010Q2 us-gaap Sales Revenue Net
SalesRevenueNet
136091000 USD
CY2011Q4 us-gaap Sales Revenue Net
SalesRevenueNet
158571000 USD
CY2011Q1 us-gaap Sales Revenue Net
SalesRevenueNet
151767000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
857016000 USD
CY2009Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
665789000 USD
CY2008Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
530245000 USD
CY2009 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
71772000 USD
CY2010 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
95473000 USD
CY2011 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
106699000 USD
CY2010 us-gaap Share Based Compensation
ShareBasedCompensation
13793000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
15303000 USD
CY2009 us-gaap Share Based Compensation
ShareBasedCompensation
11593000 USD
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod
P4Y
CY2009 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
11593000 USD
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
15303000 USD
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
13793000 USD
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
4981000 shares
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
31410000 USD
CY2009 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
37356000 USD
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
29899000 USD
CY2010Q3 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
100000000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
855370000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
780316000 USD
CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
781425000 USD
CY2011 us-gaap Undistributed Earnings
UndistributedEarnings
-259000 USD
CY2010 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
-272000 USD
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
3662000 USD
CY2010 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
-3785000 USD
CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
876000 USD
CY2009 us-gaap Undistributed Earnings
UndistributedEarnings
0 USD
CY2010 us-gaap Undistributed Earnings
UndistributedEarnings
-335000 USD
CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
-1001000 USD
CY2010Q4 us-gaap Trading Securities Current
TradingSecuritiesCurrent
4692000 USD
CY2011Q4 us-gaap Trading Securities Current
TradingSecuritiesCurrent
5491000 USD
CY2011 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-387000 USD
CY2010 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
237000 USD
CY2009 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
1233000 USD
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
980177 shares
CY2010Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
279456 shares
CY2010Q4 us-gaap Treasury Stock Value
TreasuryStockValue
6641000 USD
CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
46701000 USD
CY2011 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
-40672000 USD
CY2009 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
0 USD
CY2010 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
326000 USD
CY2011 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
254000 USD
CY2010 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
335000 USD
CY2009 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
0 USD
CY2011 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
259000 USD
CY2011 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0 USD
CY2010 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0 USD
CY2010Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
9089000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12189000 USD
CY2009Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
6069000 USD
CY2010 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
150000 USD
CY2010 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
2131000 USD
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1639000 USD
CY2010Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50533000 shares
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51123000 shares
CY2010Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50332000 shares
CY2011Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50953000 shares
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50278000 shares
CY2010Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50761000 shares
CY2009 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48112000 shares
CY2010Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49523000 shares
CY2010Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49234000 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50032000 shares
CY2011Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49883000 shares
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49249000 shares
CY2010Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48828000 shares
CY2010Q4 morn Accounts Payable And Accrued Liabilities Excluding Employee Related Liabilities Current
AccountsPayableAndAccruedLiabilitiesExcludingEmployeeRelatedLiabilitiesCurrent
42680000 USD
CY2011Q4 morn Accounts Payable And Accrued Liabilities Excluding Employee Related Liabilities Current
AccountsPayableAndAccruedLiabilitiesExcludingEmployeeRelatedLiabilitiesCurrent
41403000 USD
CY2011Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49800000 shares
CY2011 morn Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockRequisiteServicePeriodRecognition
2196000 USD
CY2010 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1720000 USD
CY2010 morn Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockRequisiteServicePeriodRecognition
1248000 USD
CY2011Q4 morn Available For Sale Securities Debt Maturities After One Through Two Years Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughTwoYearsAmortizedCostBasis
75001000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
11907000 USD
CY2010 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
409000 USD
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50555000 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50988000 shares
CY2009 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49793000 shares
CY2011Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51142000 shares
CY2011Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50732000 shares
CY2010Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50544000 shares
CY2010Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49401000 shares
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50165000 shares
CY2011 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Use of Estimates.</font><font style="font-family:Arial;font-size:10pt;"> The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses during the reporting period. Actual results may&#160;differ from these estimates.</font></div></div>
CY2010Q4 morn Available For Sale Securities Debt Maturities After One Through Two Years Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughTwoYearsAmortizedCostBasis
73440000 USD
CY2011Q4 morn Available For Sale Securities Debt Maturities After One Through Two Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughTwoYearsFairValue
74804000 USD
CY2010Q4 morn Available For Sale Securities Debt Maturities After One Through Two Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughTwoYearsFairValue
73482000 USD
CY2010Q4 morn Available For Sale Securities Equity Securities And Mutual Funds Amortized Cost Basis
AvailableForSaleSecuritiesEquitySecuritiesAndMutualFundsAmortizedCostBasis
12656000 USD
CY2011Q4 morn Available For Sale Securities Equity Securities And Mutual Funds Amortized Cost Basis
AvailableForSaleSecuritiesEquitySecuritiesAndMutualFundsAmortizedCostBasis
17759000 USD
CY2010Q4 morn Available For Sale Securities Equity Securities And Mutual Funds Fair Value
AvailableForSaleSecuritiesEquitySecuritiesAndMutualFundsFairValue
13626000 USD
CY2011Q4 morn Available For Sale Securities Equity Securities And Mutual Funds Fair Value
AvailableForSaleSecuritiesEquitySecuritiesAndMutualFundsFairValue
17866000 USD
CY2011Q2 morn Business Tax Expense Related To Prior Year
BusinessTaxExpenseRelatedToPriorYear
1400000 USD
CY2011Q4 morn Capitalized Software Not Yet Placed In Service Included In Construction In Progress Balance
CapitalizedSoftwareNotYetPlacedInServiceIncludedInConstructionInProgressBalance
6122000 USD
CY2010Q4 morn Capitalized Software Not Yet Placed In Service Included In Construction In Progress Balance
CapitalizedSoftwareNotYetPlacedInServiceIncludedInConstructionInProgressBalance
807000 USD
CY2011Q4 morn Certificate Of Deposit Held As Collateral Against Australia Office Lease
CertificateOfDepositHeldAsCollateralAgainstAustraliaOfficeLease
1600000 USD
CY2010Q4 morn Certificate Of Deposit Held As Collateral Against Australia Office Lease
CertificateOfDepositHeldAsCollateralAgainstAustraliaOfficeLease
1600000 USD
CY2011Q4 morn Closing Stock Prise Used To Calculate Intrinsic Value
ClosingStockPriseUsedToCalculateIntrinsicValue
59.45
CY2010Q4 morn Deferred Tax Assets Royalty Revenue
DeferredTaxAssetsRoyaltyRevenue
430000 USD
CY2011Q4 morn Deferred Tax Assets Royalty Revenue
DeferredTaxAssetsRoyaltyRevenue
403000 USD
CY2010Q4 morn Deferred Tax Liabilities Accrued Liabilities
DeferredTaxLiabilitiesAccruedLiabilities
-578000 USD
CY2011Q4 morn Deferred Tax Liabilities Accrued Liabilities
DeferredTaxLiabilitiesAccruedLiabilities
0 USD
CY2010Q4 morn Deferred Tax Liabilities Before Valuation Allowance
DeferredTaxLiabilitiesBeforeValuationAllowance
5691000 USD
CY2011Q4 morn Deferred Tax Liabilities Before Valuation Allowance
DeferredTaxLiabilitiesBeforeValuationAllowance
-1203000 USD
CY2011Q4 morn Deferred Tax Liabilities Investments In Unconsolidated Entities
DeferredTaxLiabilitiesInvestmentsInUnconsolidatedEntities
-9580000 USD
CY2010Q4 morn Deferred Tax Liabilities Investments In Unconsolidated Entities
DeferredTaxLiabilitiesInvestmentsInUnconsolidatedEntities
-9471000 USD
CY2010Q4 morn Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
-1856000 USD
CY2011Q4 morn Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
-1724000 USD
CY2011Q4 morn Deferred Tax Liabilities Valuation Allowance
DeferredTaxLiabilitiesValuationAllowance
12039000 USD
CY2010Q4 morn Deferred Tax Liabilities Valuation Allowance
DeferredTaxLiabilitiesValuationAllowance
11424000 USD
CY2011 morn Defined Contribution Plan Employer Matching Contribution Per Dollar
DefinedContributionPlanEmployerMatchingContributionPerDollar
0.75 USD
CY2010 morn Defined Contribution Plan Employer Matching Contribution Per Dollar
DefinedContributionPlanEmployerMatchingContributionPerDollar
0.50 USD
CY2011 morn Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.07
CY2010 morn Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.07
CY2011 morn Dividends Restricted Stock Units
DividendsRestrictedStockUnits
9000 USD
CY2011 morn Effective Income Tax Rate Reconciliation Adjustments To Accruels For State Taxes
EffectiveIncomeTaxRateReconciliationAdjustmentsToAccruelsForStateTaxes
0.000
CY2009 morn Effective Income Tax Rate Reconciliation Adjustments To Accruels For State Taxes
EffectiveIncomeTaxRateReconciliationAdjustmentsToAccruelsForStateTaxes
0.000
CY2010 morn Effective Income Tax Rate Reconciliation Adjustments To Accruels For State Taxes
EffectiveIncomeTaxRateReconciliationAdjustmentsToAccruelsForStateTaxes
-0.020
CY2010 morn Effective Income Tax Rate Reconciliation Changes In Unrecognized Tax Benefits
EffectiveIncomeTaxRateReconciliationChangesInUnrecognizedTaxBenefits
0.022
CY2011 morn Effective Income Tax Rate Reconciliation Changes In Unrecognized Tax Benefits
EffectiveIncomeTaxRateReconciliationChangesInUnrecognizedTaxBenefits
0.022
CY2009 morn Effective Income Tax Rate Reconciliation Changes In Unrecognized Tax Benefits
EffectiveIncomeTaxRateReconciliationChangesInUnrecognizedTaxBenefits
-0.014
CY2011 morn Effective Income Tax Rate Reconciliation Disqualifying Dispositions On Incentive Stock Options
EffectiveIncomeTaxRateReconciliationDisqualifyingDispositionsOnIncentiveStockOptions
0.000
CY2009 morn Effective Income Tax Rate Reconciliation Disqualifying Dispositions On Incentive Stock Options
EffectiveIncomeTaxRateReconciliationDisqualifyingDispositionsOnIncentiveStockOptions
0.000
CY2011 morn Income Tax Rate Reconciliation Adjustments To Accruals For State Taxes
IncomeTaxRateReconciliationAdjustmentsToAccrualsForStateTaxes
0 USD
CY2009 morn Income Tax Rate Reconciliation Changes In Unrecognized Tax Benefits
IncomeTaxRateReconciliationChangesInUnrecognizedTaxBenefits
1786000 USD
CY2011 morn Increase Decrease In Accounts Payable And Accrued Liabilities Excluding Employee Related Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesExcludingEmployeeRelatedLiabilities
-4821000 USD
CY2009 morn Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
5679000 USD
CY2010Q4 morn Held To Maturity Securities Debt Maturities After One Through Three Years Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughThreeYearsYearsNetCarryingAmount
253000 USD
CY2010 morn Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
1364000 USD
CY2011 morn Income Loss From Continuing Operations Before Income Taxes Domestic And Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomesticAndForeign
142015000 USD
CY2011 morn Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
-1030000 USD
CY2011 morn Increase Decrease In Stock Purchased Program Authorized Amount
IncreaseDecreaseInStockPurchasedProgramAuthorizedAmount
200000000 USD
CY2010 morn Income Loss From Continuing Operations Before Income Taxes Domestic And Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomesticAndForeign
129126000 USD
CY2009 morn Income Loss From Continuing Operations Before Income Taxes Domestic And Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomesticAndForeign
128904000 USD
CY2010 morn Income Tax Rate Reconciliation Adjustments To Accruals For State Taxes
IncomeTaxRateReconciliationAdjustmentsToAccrualsForStateTaxes
-2633000 USD
CY2009 morn Income Tax Rate Reconciliation Adjustments To Accruals For State Taxes
IncomeTaxRateReconciliationAdjustmentsToAccrualsForStateTaxes
0 USD
CY2011 morn Income Tax Rate Reconciliation Changes In Unrecognized Tax Benefits
IncomeTaxRateReconciliationChangesInUnrecognizedTaxBenefits
-3126000 USD
CY2010 morn Income Tax Rate Reconciliation Changes In Unrecognized Tax Benefits
IncomeTaxRateReconciliationChangesInUnrecognizedTaxBenefits
-2869000 USD
CY2009 morn Income Tax Rate Reconciliation Disqualifying Dispositions On Incentive Stock Options
IncomeTaxRateReconciliationDisqualifyingDispositionsOnIncentiveStockOptions
-68000 USD
CY2010 morn Income Tax Rate Reconciliation Disqualifying Dispositions On Incentive Stock Options
IncomeTaxRateReconciliationDisqualifyingDispositionsOnIncentiveStockOptions
0 USD
CY2011 morn Income Tax Rate Reconciliation Disqualifying Dispositions On Incentive Stock Options
IncomeTaxRateReconciliationDisqualifyingDispositionsOnIncentiveStockOptions
0 USD
CY2011 morn Income Tax Rate Reconciliation Expenses Related To Treatment Of Stock Options Originally Considered Incentive Stock Options Subject To Limitation For Tax Purposes
IncomeTaxRateReconciliationExpensesRelatedToTreatmentOfStockOptionsOriginallyConsideredIncentiveStockOptionsSubjectToLimitationForTaxPurposes
0 USD
CY2009 morn Income Tax Rate Reconciliation Expenses Related To Treatment Of Stock Options Originally Considered Incentive Stock Options Subject To Limitation For Tax Purposes
IncomeTaxRateReconciliationExpensesRelatedToTreatmentOfStockOptionsOriginallyConsideredIncentiveStockOptionsSubjectToLimitationForTaxPurposes
1082000 USD
CY2010 morn Income Tax Rate Reconciliation Expenses Related To Treatment Of Stock Options Originally Considered Incentive Stock Options Subject To Limitation For Tax Purposes
IncomeTaxRateReconciliationExpensesRelatedToTreatmentOfStockOptionsOriginallyConsideredIncentiveStockOptionsSubjectToLimitationForTaxPurposes
0 USD
CY2011 morn Income Tax Reconciliation Recognition Of Deferred Tax Assets
IncomeTaxReconciliationRecognitionOfDeferredTaxAssets
-1778000 USD
CY2010 morn Income Tax Reconciliation Recognition Of Deferred Tax Assets
IncomeTaxReconciliationRecognitionOfDeferredTaxAssets
0 USD
CY2009 morn Income Tax Reconciliation Recognition Of Deferred Tax Assets
IncomeTaxReconciliationRecognitionOfDeferredTaxAssets
0 USD
CY2010 morn Increase Decrease In Accounts Payable And Accrued Liabilities Excluding Employee Related Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesExcludingEmployeeRelatedLiabilities
-759000 USD
CY2009 morn Increase Decrease In Accounts Payable And Accrued Liabilities Excluding Employee Related Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesExcludingEmployeeRelatedLiabilities
-9476000 USD
CY2010 morn Effective Income Tax Rate Reconciliation Disqualifying Dispositions On Incentive Stock Options
EffectiveIncomeTaxRateReconciliationDisqualifyingDispositionsOnIncentiveStockOptions
0.000
CY2010 morn Effective Income Tax Rate Reconciliation Expenses Related To Treatment Of Stock Options Originally Considered Incentive Stock Options Subject To Limitationfor Tax Purposes
EffectiveIncomeTaxRateReconciliationExpensesRelatedToTreatmentOfStockOptionsOriginallyConsideredIncentiveStockOptionsSubjectToLimitationforTaxPurposes
0.000
CY2009 morn Effective Income Tax Rate Reconciliation Expenses Related To Treatment Of Stock Options Originally Considered Incentive Stock Options Subject To Limitationfor Tax Purposes
EffectiveIncomeTaxRateReconciliationExpensesRelatedToTreatmentOfStockOptionsOriginallyConsideredIncentiveStockOptionsSubjectToLimitationforTaxPurposes
0.008
CY2011 morn Effective Income Tax Rate Reconciliation Expenses Related To Treatment Of Stock Options Originally Considered Incentive Stock Options Subject To Limitationfor Tax Purposes
EffectiveIncomeTaxRateReconciliationExpensesRelatedToTreatmentOfStockOptionsOriginallyConsideredIncentiveStockOptionsSubjectToLimitationforTaxPurposes
0.000
CY2010 morn Effective Income Tax Rate Reconciliation Recognition Of Deferred Tax Assets
EffectiveIncomeTaxRateReconciliationRecognitionOfDeferredTaxAssets
0.000
CY2009 morn Effective Income Tax Rate Reconciliation Recognition Of Deferred Tax Assets
EffectiveIncomeTaxRateReconciliationRecognitionOfDeferredTaxAssets
0.000
CY2011 morn Effective Income Tax Rate Reconciliation Recognition Of Deferred Tax Assets
EffectiveIncomeTaxRateReconciliationRecognitionOfDeferredTaxAssets
-0.013
CY2011Q4 morn Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
5724000 USD
CY2010Q4 morn Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
4965000 USD
CY2011 morn Equity Method Investments Holding Gain
EquityMethodInvestmentsHoldingGain
0 USD
CY2009 morn Equity Method Investments Holding Gain
EquityMethodInvestmentsHoldingGain
352000 USD
CY2010 morn Equity Method Investments Holding Gain
EquityMethodInvestmentsHoldingGain
4564000 USD
CY2011Q4 morn Held To Maturity Securities Debt Maturities After One Through Three Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughThreeYearsFairValue
5000 USD
CY2010Q4 morn Held To Maturity Securities Debt Maturities After One Through Three Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughThreeYearsFairValue
253000 USD
CY2011Q4 morn Held To Maturity Securities Debt Maturities After One Through Three Years Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughThreeYearsYearsNetCarryingAmount
5000 USD
CY2010 morn Increase Decrease Liability For Vacant Office Space
IncreaseDecreaseLiabilityForVacantOfficeSpace
1005000 USD
CY2011 morn Share Based Compensation Arrangement By Share Based Payment Award Expiration Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate
P10Y
CY2011 morn Interest On Business Tax Expense Related To Prior Years
InterestOnBusinessTaxExpenseRelatedToPriorYears
900000 USD
CY2010 morn Noncontrolling Interest Adjustments
NoncontrollingInterestAdjustments
-216000 USD
CY2011 morn Noncontrolling Interest Adjustments
NoncontrollingInterestAdjustments
262000 USD
CY2011 morn Operating Expense Excluding Stock Based Compensation Expense Depreciation And Amortization
OperatingExpenseExcludingStockBasedCompensationExpenseDepreciationAndAmortization
434769000 USD
CY2010 morn Operating Expense Excluding Stock Based Compensation Expense Depreciation And Amortization
OperatingExpenseExcludingStockBasedCompensationExpenseDepreciationAndAmortization
380835000 USD
CY2009 morn Operating Expense Excluding Stock Based Compensation Expense Depreciation And Amortization
OperatingExpenseExcludingStockBasedCompensationExpenseDepreciationAndAmortization
310769000 USD
CY2010 morn Other Liability For Vacant Office Space
OtherLiabilityForVacantOfficeSpace
67000 USD
CY2012Q1 morn Percent Of Consolidated Revenue
PercentOfConsolidatedRevenue
0.02
CY2010 morn Reduction Of Liability For Lease Payments
ReductionOfLiabilityForLeasePayments
1880000 USD
CY2011 morn Reduction Of Liability For Lease Payments
ReductionOfLiabilityForLeasePayments
1510000 USD
CY2011 morn Unrealized Gain Loss On Available For Sale Investments
UnrealizedGainLossOnAvailableForSaleInvestments
-1480000 USD
CY2011Q4 morn Shares Repurchased Program Life To Date Value
SharesRepurchasedProgramLifeToDateValue
44456000 USD
CY2009 morn Unrealized Gain Loss On Available For Sale Investments
UnrealizedGainLossOnAvailableForSaleInvestments
-177000 USD
CY2009 morn Stock Issued During Period Value Stock Options Exercised And Vesting Of Restricted Stock
StockIssuedDuringPeriodValueStockOptionsExercisedAndVestingOfRestrictedStock
16439000 USD
CY2010 morn Stock Issued During Period Value Stock Options Exercised And Vesting Of Restricted Stock
StockIssuedDuringPeriodValueStockOptionsExercisedAndVestingOfRestrictedStock
9220000 USD
CY2011 morn Stock Issued During Period Value Stock Options Exercised And Vesting Of Restricted Stock
StockIssuedDuringPeriodValueStockOptionsExercisedAndVestingOfRestrictedStock
8702000 USD
CY2011 morn Share Based Compensation Shares Available For Future Grants
ShareBasedCompensationSharesAvailableForFutureGrants
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The following table summarizes the number of shares available for future grants under our 2011 Plan:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td width="81%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="17%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">As of December 31</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">(000)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">2011</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Shares available for future grants</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">4,981</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>
CY2011Q4 morn Undistributed Earnings Of Foreigh Subsidiaries Permanently Invested
UndistributedEarningsOfForeighSubsidiariesPermanentlyInvested
66000000 USD
CY2010 morn Unrealized Gain Loss On Available For Sale Investments
UnrealizedGainLossOnAvailableForSaleInvestments
394000 USD
CY2011Q4 morn Shares Repurchased Program Life To Date Shares
SharesRepurchasedProgramLifeToDateShares
798337 shares
CY2011Q4 morn Unrecognized Tax Benefits Included In Current Liabilities
UnrecognizedTaxBenefitsIncludedInCurrentLiabilities
5329000 USD
CY2011Q4 morn Unrecognized Tax Benefits Included In Non Current Liabilities
UnrecognizedTaxBenefitsIncludedInNonCurrentLiabilities
6200000 USD
CY2011 morn Unrecognized Tax Benefits Increase In Income Tax Expense
UnrecognizedTaxBenefitsIncreaseInIncomeTaxExpense
3956000 USD
CY2011 morn Unrecognized Tax Benefits Reductions Resulting From Settlements With Taxing And Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromSettlementsWithTaxingAndLapseOfApplicableStatuteOfLimitations
1325000 USD
CY2011 morn Unrecognized Tax Benefits Reductions Resulting From Settlements With Taxing And Lapse Of Applicable Statute Of Limitations Tax Effect
UnrecognizedTaxBenefitsReductionsResultingFromSettlementsWithTaxingAndLapseOfApplicableStatuteOfLimitationsTaxEffect
-1001000 USD
CY2011 morn Unrecognized Tax Benefits Result Of Tax Position Taken During Period
UnrecognizedTaxBenefitsResultOfTaxPositionTakenDuringPeriod
4426000 USD
CY2011 morn Unrecognized Tax Benefits That Would Impact Effective Tax Rate Impact On Tax Expense
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRateImpactOnTaxExpense
9827000 USD
CY2010Q4 morn Vacant Office Space Liability
VacantOfficeSpaceLiability
2429000 USD
CY2011Q4 morn Vacant Office Space Liability
VacantOfficeSpaceLiability
919000 USD
CY2009Q4 morn Vacant Office Space Liability
VacantOfficeSpaceLiability
3371000 USD
CY2011 dei Amendment Flag
AmendmentFlag
false
CY2011 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2011 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2011 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
CY2011 dei Document Period End Date
DocumentPeriodEndDate
2011-12-31
CY2012Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
50134439 shares
CY2011 dei Document Type
DocumentType
10-K
CY2011 dei Entity Central Index Key
EntityCentralIndexKey
0001289419
CY2011 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2011 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2011Q2 dei Entity Public Float
EntityPublicFloat
1498106979 USD
CY2011 dei Entity Registrant Name
EntityRegistrantName
MORNINGSTAR, INC.
CY2011 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2011 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

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