v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 536,639 $ 527,360
Short-term investments 346,653 430,848
Accounts receivable 304,268 188,302
Prepaid and other current assets 54,636 84,312
Total current assets 1,242,196 1,230,822
Property and equipment, net 27,477 18,544
Patents, net 316,800 308,630
Deferred tax assets 117,414 128,133
Other non-current assets, net 157,957 149,400
Total assets 1,861,844 1,835,529
Current liabilities:    
Current portion of long-term debt 455,241 456,329
Accounts payable 9,466 12,206
Accrued compensation and related expenses 24,714 42,575
Deferred revenue 175,261 178,009
Dividends payable 15,577 11,557
Other accrued expenses 24,198 25,134
Total current liabilities 704,457 725,810
Long-term debt 16,015 15,443
Long-term deferred revenue 149,117 182,119
Other long-term liabilities 55,371 54,942
Total liabilities 924,960 978,314
Commitments and contingencies
Shareholders' equity:    
Preferred Stock, $0.10 par value, 14,399 shares authorized, 0 shares issued and outstanding 0 0
Common Stock, $0.01 par value, 100,000 shares authorized, 70,895 and 70,577 shares issued and 25,976 and 25,682 shares outstanding 708 705
Additional paid-in capital 793,624 808,540
Retained earnings 1,875,398 1,775,823
Accumulated other comprehensive loss (202) (458)
Treasury stock, 44,919 and 44,895 shares of common stock held at cost (1,732,644) (1,727,395)
Total shareholders' equity 936,884 857,215
Total liabilities and shareholders' equity $ 1,861,844 $ 1,835,529