2023 Q4 Form 10-Q Financial Statement
#000159169823000238 Filed on November 03, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 |
---|---|---|
Revenue | $326.4M | $317.6M |
YoY Change | 19.54% | 25.39% |
Cost Of Revenue | $107.4M | $101.5M |
YoY Change | 19.23% | 20.02% |
Gross Profit | $219.0M | $216.1M |
YoY Change | 19.7% | 28.08% |
Gross Profit Margin | 67.09% | 68.05% |
Selling, General & Admin | $123.1M | $130.3M |
YoY Change | -0.47% | 7.21% |
% of Gross Profit | 56.23% | 60.3% |
Research & Development | $46.14M | $44.61M |
YoY Change | 12.45% | 11.25% |
% of Gross Profit | 21.07% | 20.64% |
Depreciation & Amortization | $5.179M | $17.12M |
YoY Change | 13.1% | 20.0% |
% of Gross Profit | 2.37% | 7.92% |
Operating Expenses | $169.3M | $174.9M |
YoY Change | 2.75% | 8.22% |
Operating Profit | $49.71M | $41.19M |
YoY Change | 172.99% | 481.03% |
Interest Expense | ||
YoY Change | ||
% of Operating Profit | ||
Other Income/Expense, Net | $3.800M | $3.225M |
YoY Change | -76100.0% | -2078.53% |
Pretax Income | $53.51M | $44.41M |
YoY Change | 193.94% | 541.26% |
Income Tax | $15.39M | $9.897M |
% Of Pretax Income | 28.76% | 22.28% |
Net Earnings | $38.12M | $34.52M |
YoY Change | 144.33% | 13.72% |
Net Earnings / Revenue | 11.68% | 10.87% |
Basic Earnings Per Share | $0.68 | $0.62 |
Diluted Earnings Per Share | $0.67 | $0.61 |
COMMON SHARES | ||
Basic Shares Outstanding | 56.18M shares | 55.92M shares |
Diluted Shares Outstanding | 56.86M shares | 56.88M shares |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $366.9M | $305.0M |
YoY Change | 205.62% | 365.76% |
Cash & Equivalents | $366.9M | $305.0M |
Short-Term Investments | ||
Other Short-Term Assets | $3.320B | $2.565B |
YoY Change | 7.25% | 10.17% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $32.48M | $30.11M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $3.807B | $2.983B |
YoY Change | 15.04% | 20.3% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $63.15M | $63.34M |
YoY Change | 6.12% | 3.93% |
Goodwill | $109.6M | $102.1M |
YoY Change | 7.35% | 0.0% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $22.21M | $22.30M |
YoY Change | -53.0% | -56.21% |
Total Long-Term Assets | $686.0M | $663.9M |
YoY Change | 9.11% | 7.86% |
TOTAL ASSETS | ||
Total Short-Term Assets | $3.807B | $2.983B |
Total Long-Term Assets | $686.0M | $663.9M |
Total Assets | $4.493B | $3.647B |
YoY Change | 14.09% | 17.82% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $7.973M | $8.749M |
YoY Change | 4.76% | 40.32% |
Accrued Expenses | $147.1M | $131.7M |
YoY Change | 27.05% | 24.35% |
Deferred Revenue | $30.31M | $26.14M |
YoY Change | 28.75% | 55.51% |
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $3.423B | $2.672B |
YoY Change | 7.33% | 10.81% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $4.177M | $3.584M |
YoY Change | 25.32% | 4.58% |
Total Long-Term Liabilities | $4.177M | $3.584M |
YoY Change | 25.32% | 4.58% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $3.423B | $2.672B |
Total Long-Term Liabilities | $4.177M | $3.584M |
Total Liabilities | $3.506B | $2.754B |
YoY Change | 7.54% | 10.86% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $539.3M | $501.2M |
YoY Change | 45.05% | 40.7% |
Common Stock | $56.00K | $56.00K |
YoY Change | 0.0% | 0.0% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $986.8M | $892.6M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $4.493B | $3.647B |
YoY Change | 14.09% | 17.82% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $38.12M | $34.52M |
YoY Change | 144.33% | 13.72% |
Depreciation, Depletion And Amortization | $5.179M | $17.12M |
YoY Change | 13.1% | 20.0% |
Cash From Operating Activities | $75.11M | $62.14M |
YoY Change | 20.43% | 279.22% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $18.03M | $3.454M |
YoY Change | -238.62% | 0.2% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$34.76M | $406.0K |
YoY Change | 17.04% | -100.53% |
Cash From Investing Activities | -$52.79M | -$9.404M |
YoY Change | 23.61% | -89.49% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 752.3M | -$122.4M |
YoY Change | -2.22% | -93.06% |
NET CHANGE | ||
Cash From Operating Activities | 75.11M | $62.14M |
Cash From Investing Activities | -52.79M | -$9.404M |
Cash From Financing Activities | 752.3M | -$122.4M |
Net Change In Cash | 774.6M | -$69.66M |
YoY Change | -1.83% | -96.21% |
FREE CASH FLOW | ||
Cash From Operating Activities | $75.11M | $62.14M |
Capital Expenditures | $18.03M | $3.454M |
Free Cash Flow | $57.09M | $58.69M |
YoY Change | -24.26% | 353.54% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2023Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2022Q3 | us-gaap |
Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
|
7874000 | usd |
CY2023Q3 | us-gaap |
Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
|
25901000 | usd |
CY2022Q3 | us-gaap |
Revenues
Revenues
|
253280000 | usd |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
317586000 | usd |
CY2022Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
84543000 | usd |
CY2023Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
101467000 | usd |
CY2022Q3 | us-gaap |
Gross Profit
GrossProfit
|
168737000 | usd |
CY2023Q3 | us-gaap |
Gross Profit
GrossProfit
|
216119000 | usd |
CY2022Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
71063000 | usd |
CY2023Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
80403000 | usd |
CY2022Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
40093000 | usd |
CY2023Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
44605000 | usd |
CY2022Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
50492000 | usd |
CY2023Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
49922000 | usd |
CY2022Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
161648000 | usd |
CY2023Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
174930000 | usd |
CY2022Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
7089000 | usd |
CY2023Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
41189000 | usd |
CY2022Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-163000 | usd |
CY2023Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
3225000 | usd |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
6926000 | usd |
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
44414000 | usd |
CY2022Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-23426000 | usd |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
9897000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
30352000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
34517000 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-2372000 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
120000 | usd |
CY2022Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
27980000 | usd |
CY2023Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
34637000 | usd |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.55 | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.62 | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.54 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.61 | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
55453000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
56037000 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
56664000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
56881000 | shares |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
613463000 | usd |
CY2022Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
43471000 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
2832000 | usd |
CY2022Q3 | pcty |
Stock Issued During Period Value Restricted Stock Units Vesting
StockIssuedDuringPeriodValueRestrictedStockUnitsVesting
|
0 | usd |
CY2022Q3 | pcty |
Net Settlement For Taxes Andor Exercise Price Related To Equity Awards
NetSettlementForTaxesAndorExercisePriceRelatedToEquityAwards
|
76900000 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-2372000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
610846000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
842863000 | usd |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
43964000 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
223000 | usd |
CY2023Q3 | pcty |
Net Settlement For Taxes Andor Exercise Price Related To Equity Awards
NetSettlementForTaxesAndorExercisePriceRelatedToEquityAwards
|
29048000 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
120000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
34517000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
892639000 | usd |
CY2023Q3 | us-gaap |
Profit Loss
ProfitLoss
|
34517000 | usd |
CY2023Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
39005000 | usd |
CY2023Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
17121000 | usd |
CY2023Q3 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
5391000 | usd |
CY2023Q3 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
181000 | usd |
CY2023Q3 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
1392000 | usd |
CY2022Q3 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
94000 | usd |
CY2023Q3 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
65000 | usd |
CY2022Q3 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
125000 | usd |
CY2023Q3 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
124000 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
6020000 | usd |
CY2023Q3 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
4801000 | usd |
CY2022Q3 | pcty |
Increase Decrease In Capitalized Contract Cost
IncreaseDecreaseInCapitalizedContractCost
|
19328000 | usd |
CY2023Q3 | pcty |
Increase Decrease In Capitalized Contract Cost
IncreaseDecreaseInCapitalizedContractCost
|
14985000 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-614000 | usd |
CY2023Q3 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
1669000 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
-1805000 | usd |
CY2023Q3 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
1569000 | usd |
CY2022Q3 | pcty |
Increase Decrease In Accrued Liabilities And Other Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities
|
-17734000 | usd |
CY2023Q3 | pcty |
Increase Decrease In Accrued Liabilities And Other Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities
|
-12984000 | usd |
CY2022Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
16387000 | usd |
CY2023Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
62142000 | usd |
CY2022Q3 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
118926000 | usd |
CY2023Q3 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
92567000 | usd |
CY2022Q3 | us-gaap |
Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
42850000 | usd |
CY2023Q3 | us-gaap |
Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
101216000 | usd |
CY2022Q3 | us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
9953000 | usd |
CY2023Q3 | us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
14193000 | usd |
CY2022Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3447000 | usd |
CY2023Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3454000 | usd |
CY2022Q3 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
0 | usd |
CY2023Q3 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
406000 | usd |
CY2022Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-89476000 | usd |
CY2023Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-9404000 | usd |
CY2022Q3 | pcty |
Increase Decrease In Client Funds Obligation
IncreaseDecreaseInClientFundsObligation
|
1688339000 | usd |
CY2023Q3 | pcty |
Increase Decrease In Client Funds Obligation
IncreaseDecreaseInClientFundsObligation
|
93566000 | usd |
CY2023Q3 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
28825000 | usd |
CY2022Q3 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
855000 | usd |
CY2023Q3 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
11000 | usd |
CY2023Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-122402000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-69664000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2351648000 | usd |
CY2023Q3 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
1803000 | usd |
CY2022Q3 | us-gaap |
Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
|
117000 | usd |
CY2023Q3 | us-gaap |
Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
|
0 | usd |
CY2022Q3 | us-gaap |
Interest Paid Net
InterestPaidNet
|
62000 | usd |
CY2023Q3 | us-gaap |
Interest Paid Net
InterestPaidNet
|
124000 | usd |
CY2022Q3 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
19000 | usd |
CY2023Q3 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
6207000 | usd |
CY2022Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
65484000 | usd |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
305031000 | usd |
CY2022Q3 | pcty |
Funds Held For Clients Cash And Cash Equivalents At Carrying Value
FundsHeldForClientsCashAndCashEquivalentsAtCarryingValue
|
1891615000 | usd |
CY2023Q3 | pcty |
Funds Held For Clients Cash And Cash Equivalents At Carrying Value
FundsHeldForClientsCashAndCashEquivalentsAtCarryingValue
|
2046617000 | usd |
CY2022Q3 | pcty |
Cash Cash Equivalents And Funds Held For Clients Cash And Cash Equivalent
CashCashEquivalentsAndFundsHeldForClientsCashAndCashEquivalent
|
1957099000 | usd |
CY2023Q3 | pcty |
Cash Cash Equivalents And Funds Held For Clients Cash And Cash Equivalent
CashCashEquivalentsAndFundsHeldForClientsCashAndCashEquivalent
|
2351648000 | usd |
CY2023Q3 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(1) Organization and Description of Business</span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div>Paylocity Holding Corporation (the “Company”) is a cloud-based provider of human capital management and payroll software solutions that deliver a comprehensive platform for the modern workforce. Services are provided in a Software-as-a-Service (“SaaS”) delivery model. The Company’s comprehensive product suite delivers a unified platform that helps businesses attract and retain talent, build culture and connection with their employees, and streamline and automate HR and payroll processes. | |
CY2023Q3 | pcty |
Period Of Term Arrangement
PeriodOfTermArrangement
|
P2Y | |
CY2022Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
245406000 | usd |
CY2023Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
291685000 | usd |
CY2022Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
12233000 | usd |
CY2023Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
22617000 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
8232000 | usd |
CY2023Q3 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
10644000 | usd |
CY2022Q3 | pcty |
Total Revenue Recognized From Both The Beginning Balance And Current Period Increase In Contract Liability
TotalRevenueRecognizedFromBothTheBeginningBalanceAndCurrentPeriodIncreaseInContractLiability
|
6270000 | usd |
CY2023Q3 | pcty |
Total Revenue Recognized From Both The Beginning Balance And Current Period Increase In Contract Liability
TotalRevenueRecognizedFromBothTheBeginningBalanceAndCurrentPeriodIncreaseInContractLiability
|
9121000 | usd |
CY2022Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
14195000 | usd |
CY2023Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
24140000 | usd |
CY2023Q3 | us-gaap |
Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
|
P7Y | |
CY2022Q3 | pcty |
Capitalized Contract Cost Additions
CapitalizedContractCostAdditions
|
35774000 | usd |
CY2022Q3 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
-15730000 | usd |
CY2022Q3 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
308612000 | usd |
CY2023Q3 | pcty |
Capitalized Contract Cost Additions
CapitalizedContractCostAdditions
|
36215000 | usd |
CY2023Q3 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
-20320000 | usd |
CY2023Q3 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
388226000 | usd |
CY2023Q3 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
72578000 | usd |
CY2023Q3 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P24M | |
CY2023Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
1620000 | usd |
CY2023Q3 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
181000 | usd |
CY2023Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
49000 | usd |
CY2023Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
1752000 | usd |
CY2023Q2 | us-gaap |
Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
|
248738000 | usd |
CY2023Q2 | us-gaap |
Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
|
162611000 | usd |
CY2023Q2 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
86127000 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
141955000 | usd |
CY2023Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
77886000 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
64069000 | usd |
CY2022Q3 | us-gaap |
Depreciation
Depreciation
|
4454000 | usd |
CY2023Q3 | us-gaap |
Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
|
0 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
68569000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
68569000 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
34042000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
36578000 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
34527000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
31991000 | usd |
CY2022Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
2771000 | usd |
CY2023Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
2536000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
7407000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
8888000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
7269000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
4893000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
3029000 | usd |
CY2023Q3 | pcty |
Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
|
505000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
31991000 | usd |
CY2023Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
85019000 | usd |
CY2023Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
71528000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
7800000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
8423000 | usd |
CY2023Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
24539000 | usd |
CY2023Q3 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
26141000 | usd |
CY2023Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
25929000 | usd |
CY2023Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
25601000 | usd |
CY2023Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
143287000 | usd |
CY2023Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
131693000 | usd |
CY2023Q2 | pcty |
Cash And Cash Equivalents Amortized Cost
CashAndCashEquivalentsAmortizedCost
|
288767000 | usd |
CY2023Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
288767000 | usd |
CY2023Q2 | pcty |
Funds Held For Clients Cash And Cash Equivalents Amortized Cost
FundsHeldForClientsCashAndCashEquivalentsAmortizedCost
|
2132545000 | usd |
CY2023Q2 | pcty |
Funds Held For Clients Cash And Cash Equivalents Accumulated Gross Unrealized Gain Before Tax
FundsHeldForClientsCashAndCashEquivalentsAccumulatedGrossUnrealizedGainBeforeTax
|
0 | usd |
CY2023Q2 | pcty |
Funds Held For Clients Cash And Cash Equivalents Accumulated Gross Unrealized Loss Before Tax
FundsHeldForClientsCashAndCashEquivalentsAccumulatedGrossUnrealizedLossBeforeTax
|
0 | usd |
CY2023Q2 | pcty |
Funds Held For Clients Cash And Cash Equivalents At Carrying Value
FundsHeldForClientsCashAndCashEquivalentsAtCarryingValue
|
2132545000 | usd |
CY2023Q2 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
494741000 | usd |
CY2023Q2 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
45000 | usd |
CY2023Q2 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
5916000 | usd |
CY2023Q2 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
488870000 | usd |
CY2023Q2 | pcty |
Investments Amortized Cost
InvestmentsAmortizedCost
|
2916053000 | usd |
CY2023Q2 | pcty |
Investments Accumulated Gross Unrealized Gain Before Tax
InvestmentsAccumulatedGrossUnrealizedGainBeforeTax
|
45000 | usd |
CY2023Q2 | pcty |
Investments Accumulated Gross Unrealized Loss Before Tax
InvestmentsAccumulatedGrossUnrealizedLossBeforeTax
|
5916000 | usd |
CY2023Q2 | us-gaap |
Investments
Investments
|
2910182000 | usd |
CY2023Q3 | pcty |
Cash And Cash Equivalents Amortized Cost
CashAndCashEquivalentsAmortizedCost
|
305031000 | usd |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
305031000 | usd |
CY2023Q3 | pcty |
Funds Held For Clients Cash And Cash Equivalents Amortized Cost
FundsHeldForClientsCashAndCashEquivalentsAmortizedCost
|
2046617000 | usd |
CY2023Q3 | pcty |
Funds Held For Clients Cash And Cash Equivalents Accumulated Gross Unrealized Gain Before Tax
FundsHeldForClientsCashAndCashEquivalentsAccumulatedGrossUnrealizedGainBeforeTax
|
0 | usd |
CY2023Q3 | pcty |
Funds Held For Clients Cash And Cash Equivalents Accumulated Gross Unrealized Loss Before Tax
FundsHeldForClientsCashAndCashEquivalentsAccumulatedGrossUnrealizedLossBeforeTax
|
0 | usd |
CY2023Q3 | pcty |
Funds Held For Clients Cash And Cash Equivalents At Carrying Value
FundsHeldForClientsCashAndCashEquivalentsAtCarryingValue
|
2046617000 | usd |
CY2023Q3 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
487484000 | usd |
CY2023Q3 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
22000 | usd |
CY2023Q3 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
5770000 | usd |
CY2023Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
481736000 | usd |
CY2023Q3 | pcty |
Investments Amortized Cost
InvestmentsAmortizedCost
|
2839132000 | usd |
CY2023Q3 | pcty |
Investments Accumulated Gross Unrealized Gain Before Tax
InvestmentsAccumulatedGrossUnrealizedGainBeforeTax
|
22000 | usd |
CY2023Q3 | pcty |
Investments Accumulated Gross Unrealized Loss Before Tax
InvestmentsAccumulatedGrossUnrealizedLossBeforeTax
|
5770000 | usd |
CY2023Q3 | us-gaap |
Investments
Investments
|
2833384000 | usd |
CY2023Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
288767000 | usd |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
305031000 | usd |
CY2023Q2 | us-gaap |
Funds Held For Clients
FundsHeldForClients
|
2621415000 | usd |
CY2023Q3 | us-gaap |
Funds Held For Clients
FundsHeldForClients
|
2528353000 | usd |
CY2023Q2 | us-gaap |
Investments
Investments
|
2910182000 | usd |
CY2023Q3 | us-gaap |
Investments
Investments
|
2833384000 | usd |
CY2023Q2 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
|
2305000 | usd |
CY2023Q2 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
|
344035000 | usd |
CY2023Q2 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
3611000 | usd |
CY2023Q2 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
|
104818000 | usd |
CY2023Q2 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
|
5916000 | usd |
CY2023Q2 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
|
448853000 | usd |
CY2023Q3 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
|
2141000 | usd |
CY2023Q3 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
|
319949000 | usd |
CY2023Q3 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
3629000 | usd |
CY2023Q3 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
|
121240000 | usd |
CY2023Q3 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
|
5770000 | usd |
CY2023Q3 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
|
441189000 | usd |
CY2023Q3 | pcty |
Credit Impairment Loss
CreditImpairmentLoss
|
0 | usd |
CY2022Q3 | pcty |
Credit Impairment Loss
CreditImpairmentLoss
|
0 | usd |
CY2022Q3 | pcty |
Credit Impairment Loss
CreditImpairmentLoss
|
0 | usd |
CY2023Q3 | pcty |
Credit Impairment Loss
CreditImpairmentLoss
|
0 | usd |
CY2023Q3 | us-gaap |
Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
0 | usd |
CY2022Q3 | us-gaap |
Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
0 | usd |
CY2023Q3 | us-gaap |
Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
0 | usd |
CY2022Q3 | us-gaap |
Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
0 | usd |
CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities Remainder Of Fiscal Year Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRemainderOfFiscalYearAmortizedCostBasis
|
207177000 | usd |
CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities Remainder Of Fiscal Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRemainderOfFiscalYearFairValue
|
205662000 | usd |
CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
|
171288000 | usd |
CY2023Q3 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
|
168364000 | usd |
CY2023Q3 | pcty |
Available For Sale Securities Debt Maturities Two Years To Three Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesTwoYearsToThreeYearsAmortizedCost
|
88935000 | usd |
CY2023Q3 | pcty |
Available For Sale Securities Debt Maturities Two Years To Three Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesTwoYearsToThreeYearsFairValue
|
87761000 | usd |
CY2023Q3 | pcty |
Debt Securities Available For Sale Amortized Cost Maturity Allocated And Single Maturity Date After Year Three Through Five
DebtSecuritiesAvailableForSaleAmortizedCostMaturityAllocatedAndSingleMaturityDateAfterYearThreeThroughFive
|
20084000 | usd |
CY2023Q3 | pcty |
Debt Securities Available For Sale Fair Value Maturity Allocated And Single Maturity Date After Year Three Through Five
DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateAfterYearThreeThroughFive
|
19949000 | usd |
CY2023Q3 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
487484000 | usd |
CY2023Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
481736000 | usd |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
305031000 | usd |
CY2023Q3 | pcty |
Funds Held For Clients Cash And Cash Equivalents At Carrying Value
FundsHeldForClientsCashAndCashEquivalentsAtCarryingValue
|
2046617000 | usd |
CY2023Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
481736000 | usd |
CY2023Q3 | us-gaap |
Investments
Investments
|
2833384000 | usd |
CY2022Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
39813000 | usd |
CY2023Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
39005000 | usd |
CY2022Q3 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
2942000 | usd |
CY2023Q3 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
4049000 | usd |
CY2022Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
647000 | shares |
CY2023Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
82000 | shares |
CY2023Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
true | |
CY2022Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-3.382 | |
CY2023Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.223 | |
CY2022Q3 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2023Q3 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2022Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
30352000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
34517000 | usd |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
55453000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
56037000 | shares |
CY2022Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1211000 | shares |
CY2023Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
844000 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
56664000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
56881000 | shares |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.55 | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.62 | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.54 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.61 | |
CY2023Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2023Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2023Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |