v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 517,894 $ 527,360
Short-term investments 419,091 430,848
Accounts receivable 388,707 188,302
Prepaid and other current assets 60,717 84,312
Total current assets 1,386,409 1,230,822
Property and equipment, net 26,376 18,544
Patents, net 317,963 308,630
Deferred tax assets 96,468 128,133
Other non-current assets, net 157,493 149,400
Total assets 1,984,709 1,835,529
Current liabilities:    
Current portion of long-term debt 455,750 456,329
Accounts payable 8,046 12,206
Accrued compensation and related expenses 28,766 42,575
Deferred revenue 178,291 178,009
Dividends payable 15,507 11,557
Other accrued expenses 22,498 25,134
Total current liabilities 708,858 725,810
Long-term debt 16,566 15,443
Long-term deferred revenue 113,631 182,119
Other long-term liabilities 58,870 54,942
Total liabilities 897,925 978,314
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, 70,911 and 70,577 shares issued and 25,869 and 25,682 shares outstanding 709 705
Additional paid-in capital 805,073 808,540
Retained earnings 2,039,921 1,775,823
Accumulated other comprehensive loss (107) (458)
Treasury stock, 45,042 and 44,895 shares of common stock held at cost (1,758,812) (1,727,395)
Total shareholders' equity 1,086,784 857,215
Total liabilities and shareholders' equity $ 1,984,709 $ 1,835,529