v3.25.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Net revenue $ 943,384 $ 1,035,535 $ 1,854,639 $ 2,042,244
Operating costs and expenses:        
Cost of revenue 657,104 724,414 1,295,771 1,413,674
Research and development 32,589 45,325 69,398 90,639
Selling, general and administrative 87,833 93,273 173,859 181,319
Amortization of intangible assets 21,184 39,085 41,761 77,600
Restructuring and other charges, net 6,612 3,491 13,592 4,273
Total operating costs and expenses 805,322 905,588 1,594,381 1,767,505
Operating income 138,062 129,947 260,258 274,739
Interest expense (37,679) (40,863) (75,652) (79,258)
Interest income 4,467 5,802 8,757 9,540
Other, net 930 4,097 3,058 (7,447)
Income before taxes 105,780 98,983 196,421 197,574
Provision for income taxes 45,112 27,280 65,834 49,850
Net income $ 60,668 $ 71,703 $ 130,587 $ 147,724
Basic net income per share (in dollars per share) $ 0.41 $ 0.48 $ 0.89 $ 0.98
Diluted net income per share (in dollars per share) $ 0.41 $ 0.47 $ 0.88 $ 0.98