v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Shares
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2023   140,774,000      
Beginning balance at Dec. 31, 2023 $ 3,921,240 $ 1 $ 3,377,048 $ 541,159 $ 3,032
Employee related equity activity          
Amortization of share-based compensation 14,327   14,327    
Issuance of share-based compensation (in shares)   2,048,000      
Shares withheld for taxes on equity transactions (53,627)   (53,627)    
Warrants exercised (in shares)   82,000      
Warrants exercised $ 282   282    
Share repurchases (in shares) 0        
Dividends $ (187,730)     (187,730)  
Net income (loss) 290,489     290,489  
Other comprehensive income (loss), net 21       21
Ending balance (in shares) at Jun. 30, 2024   142,904,000      
Ending balance at Jun. 30, 2024 3,985,002 $ 1 3,338,030 643,918 3,053
Beginning balance (in shares) at Mar. 31, 2024   142,816,000      
Beginning balance at Mar. 31, 2024 3,913,023 $ 1 3,331,161 578,858 3,003
Employee related equity activity          
Amortization of share-based compensation 6,789   6,789    
Issuance of share-based compensation (in shares)   6,000      
Shares withheld for taxes on equity transactions (196)   (196)    
Warrants exercised (in shares)   82,000      
Warrants exercised $ 276   276    
Share repurchases (in shares) 0        
Dividends $ (129,948)     (129,948)  
Net income (loss) 195,008     195,008  
Other comprehensive income (loss), net 50       50
Ending balance (in shares) at Jun. 30, 2024   142,904,000      
Ending balance at Jun. 30, 2024 $ 3,985,002 $ 1 3,338,030 643,918 3,053
Beginning balance (in shares) at Dec. 31, 2024 158,946,711 158,947,000      
Beginning balance at Dec. 31, 2024 $ 4,651,386 $ 1 4,236,172 411,244 3,969
Employee related equity activity          
Amortization of share-based compensation 15,574   15,574    
Issuance of share-based compensation (in shares)   612,000      
Shares withheld for taxes on equity transactions (9,447)   (9,447)    
Warrants exercised (in shares)   1,000      
Warrants exercised $ 38   38    
Share repurchases (in shares) (700,000) (737,000)      
Share repurchases $ (20,000)     (20,000)  
Dividends (160,945)     (160,945)  
Net income (loss) 151,175     151,175  
Other comprehensive income (loss), net $ 546       546
Ending balance (in shares) at Jun. 30, 2025 158,822,749 158,823,000      
Ending balance at Jun. 30, 2025 $ 4,628,327 $ 1 4,242,337 381,474 4,515
Beginning balance (in shares) at Mar. 31, 2025   158,775,000      
Beginning balance at Mar. 31, 2025 4,657,909 $ 1 4,234,188 419,550 4,170
Employee related equity activity          
Amortization of share-based compensation 8,523   8,523    
Issuance of share-based compensation (in shares)   48,000      
Shares withheld for taxes on equity transactions $ (374)   (374)    
Share repurchases (in shares) 0        
Dividends $ (80,948)     (80,948)  
Net income (loss) 42,872     42,872  
Other comprehensive income (loss), net $ 345       345
Ending balance (in shares) at Jun. 30, 2025 158,822,749 158,823,000      
Ending balance at Jun. 30, 2025 $ 4,628,327 $ 1 $ 4,242,337 $ 381,474 $ 4,515