CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands |
Total |
Common Stock |
Treasury shares |
Common stock held in treasury |
Additional paid-in capital |
Accumulated other comprehensive income |
Retained deficit |
|---|---|---|---|---|---|---|---|
| Beginning balance at Dec. 31, 2024 | $ 3,936,657 | $ 2,674 | $ (513,941) | $ 5,927,893 | $ 611 | $ (1,480,580) | |
| Beginning balance Shares at Dec. 31, 2024 | 267,435,000 | (26,766,000) | |||||
| Issuance of common stock | (16,345) | $ 11 | 0 | (16,356) | 0 | 0 | |
| Issuance of common stock, shares | 1,047,000 | ||||||
| Issuance of common stock upon vesting of TSRs | 0 | $ 0 | 0 | 350 | 0 | (350) | |
| Issuance of common stock upon vesting of TSRs | 6,000 | ||||||
| Stock-based compensation expense | 11,644 | $ 0 | 0 | 11,644 | 0 | 0 | |
| Dividends | (21,752) | 0 | 0 | 0 | 0 | (21,752) | |
| Treasury stock repurchased | (67,477) | 0 | (67,477) | 0 | 0 | 0 | |
| Treasury stock repurchased, shares | (1,826,000) | ||||||
| Excise tax on stock repurchases | (404) | 0 | (404) | 0 | 0 | 0 | |
| Other comprehensive loss | (14) | 0 | 0 | 0 | (14) | 0 | |
| Net income | 97,052 | 0 | 0 | 0 | 0 | 97,052 | |
| Ending balance at Mar. 31, 2025 | 3,939,361 | $ 2,685 | (581,822) | 5,923,531 | 597 | (1,405,630) | |
| Ending balance Shares at Mar. 31, 2025 | 268,488,000 | (28,592,000) | |||||
| Beginning balance at Dec. 31, 2024 | 3,936,657 | $ 2,674 | (513,941) | 5,927,893 | 611 | (1,480,580) | |
| Beginning balance Shares at Dec. 31, 2024 | 267,435,000 | (26,766,000) | |||||
| Net income | 334,630 | ||||||
| Ending balance at Jun. 30, 2025 | 4,126,694 | $ 2,686 | (635,181) | 5,948,260 | 582 | (1,189,653) | |
| Ending balance Shares at Jun. 30, 2025 | 268,553,000 | (30,045,000) | |||||
| Beginning balance at Mar. 31, 2025 | 3,939,361 | $ 2,685 | (581,822) | 5,923,531 | 597 | (1,405,630) | |
| Beginning balance Shares at Mar. 31, 2025 | 268,488,000 | (28,592,000) | |||||
| Issuance of common stock | 13,822 | $ 1 | 0 | 13,821 | 0 | 0 | |
| Issuance of common stock, shares | 65,000 | ||||||
| Stock-based compensation expense | 10,947 | $ 0 | 0 | 10,947 | 0 | 0 | |
| Dividends | (21,601) | 0 | 0 | 0 | 0 | (21,601) | |
| Treasury stock issuance - Rabbi Trust | 0 | 0 | $ 1 | 39 | (39) | 0 | 0 |
| Treasury stock repurchased | (52,881) | 0 | (52,881) | 0 | 0 | 0 | |
| Treasury stock repurchased, shares | (1,454,000) | ||||||
| Excise tax on stock repurchases | (517) | 0 | (517) | 0 | 0 | ||
| Other comprehensive loss | (15) | 0 | 0 | 0 | (15) | 0 | |
| Net income | 237,578 | 0 | 0 | 0 | 0 | 237,578 | |
| Ending balance at Jun. 30, 2025 | 4,126,694 | $ 2,686 | (635,181) | 5,948,260 | 582 | (1,189,653) | |
| Ending balance Shares at Jun. 30, 2025 | 268,553,000 | (30,045,000) | |||||
| Beginning balance at Dec. 31, 2025 | $ 4,318,681 | $ 2,686 | (746,486) | 5,971,258 | 424 | (909,201) | |
| Beginning balance Shares at Dec. 31, 2025 | 268,573,212 | 268,573,000 | (33,115,000) | ||||
| Issuance of common stock | $ (19,440) | $ 10 | 0 | (19,450) | 0 | 0 | |
| Issuance of common stock, shares | 961,000 | ||||||
| Issuance of common stock upon vesting of TSRs | 0 | $ 0 | 0 | 225 | 0 | (225) | |
| Issuance of common stock upon vesting of TSRs | 3,000 | ||||||
| Stock-based compensation expense | 12,430 | $ 0 | 0 | 12,430 | 0 | 0 | |
| Dividends | (23,771) | 0 | 0 | 0 | 0 | (23,771) | |
| Treasury stock repurchased | (27,124) | 0 | (27,124) | 0 | 0 | 0 | |
| Treasury stock repurchased, shares | (800,000) | ||||||
| Other comprehensive loss | (12) | 0 | 0 | 0 | (12) | 0 | |
| Net income | 341,630 | 0 | 0 | 0 | 0 | 341,630 | |
| Ending balance at Mar. 31, 2026 | 4,602,394 | $ 2,696 | (773,610) | 5,964,463 | 412 | (591,567) | |
| Ending balance Shares at Mar. 31, 2026 | 269,537,000 | (33,915,000) | |||||
| Beginning balance at Dec. 31, 2025 | $ 4,318,681 | $ 2,686 | (746,486) | 5,971,258 | 424 | (909,201) | |
| Beginning balance Shares at Dec. 31, 2025 | 268,573,212 | 268,573,000 | (33,115,000) | ||||
| Treasury stock repurchased | $ (105,500) | ||||||
| Treasury stock repurchased, shares | 2,800,000 | ||||||
| Net income | $ 536,953 | ||||||
| Ending balance at Jun. 30, 2026 | $ 4,708,749 | $ 2,696 | (852,633) | 5,978,163 | 401 | (419,878) | |
| Ending balance Shares at Jun. 30, 2026 | 269,589,292 | 269,589,000 | (35,915,000) | ||||
| Beginning balance at Mar. 31, 2026 | $ 4,602,394 | $ 2,696 | (773,610) | 5,964,463 | 412 | (591,567) | |
| Beginning balance Shares at Mar. 31, 2026 | 269,537,000 | (33,915,000) | |||||
| Issuance of common stock | 1,563 | $ 0 | 0 | 1,563 | 0 | 0 | |
| Issuance of common stock, shares | 52,000 | ||||||
| Stock-based compensation expense | 12,137 | $ 0 | 0 | 12,137 | 0 | 0 | |
| Dividends | (23,634) | 0 | 0 | 0 | 0 | (23,634) | |
| Treasury stock repurchased | $ (78,352) | 0 | (78,352) | 0 | 0 | 0 | |
| Treasury stock repurchased, shares | 2,000,000 | (2,000,000) | |||||
| Excise tax on stock repurchases | $ (671) | 0 | (671) | 0 | 0 | 0 | |
| Other comprehensive loss | (11) | 0 | 0 | 0 | (11) | 0 | |
| Net income | 195,323 | 0 | 0 | 0 | 0 | 195,323 | |
| Ending balance at Jun. 30, 2026 | $ 4,708,749 | $ 2,696 | $ (852,633) | $ 5,978,163 | $ 401 | $ (419,878) | |
| Ending balance Shares at Jun. 30, 2026 | 269,589,292 | 269,589,000 | (35,915,000) |