v3.26.1
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, 2024   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   158,823,000      
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   158,823,000      
Ending balance at Jun. 30, 2025 $ 4,628,327 $ 1 4,242,337 381,474 4,515
Beginning balance (in shares) at Dec. 31, 2025 158,853,799 158,854,000      
Beginning balance at Dec. 31, 2025 $ 4,548,850 $ 1 4,257,059 286,630 5,160
Employee related equity activity          
Amortization of share-based compensation 20,255   20,255    
Issuance of share-based compensation (in shares)   514,000      
Shares withheld for taxes on equity transactions (9,720)   (9,720)    
Warrants exercised (in shares)   273,000      
Warrants exercised $ 3,053   3,053    
Share repurchases (in shares) 0        
Dividends $ (162,841)     (162,841)  
Net income (loss) 84,041     84,041  
Other comprehensive income (loss), net $ 304       304
Ending balance (in shares) at Jun. 30, 2026 159,641,226 159,641,000      
Ending balance at Jun. 30, 2026 $ 4,483,942 $ 1 4,270,647 207,830 5,464
Beginning balance (in shares) at Mar. 31, 2026   159,473,000      
Beginning balance at Mar. 31, 2026 4,587,659 $ 1 4,259,479 324,756 3,423
Employee related equity activity          
Amortization of share-based compensation 10,734   10,734    
Issuance of share-based compensation (in shares)   7,000      
Shares withheld for taxes on equity transactions (50)   (50)    
Warrants exercised (in shares)   161,000      
Warrants exercised $ 484   484    
Share repurchases (in shares) 0        
Dividends $ (80,242)     (80,242)  
Net income (loss) (36,684)     (36,684)  
Other comprehensive income (loss), net $ 2,041       2,041
Ending balance (in shares) at Jun. 30, 2026 159,641,226 159,641,000      
Ending balance at Jun. 30, 2026 $ 4,483,942 $ 1 $ 4,270,647 $ 207,830 $ 5,464