v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Class B Common Stock
Common Stock
Common Stock
Common Stock
Class B Common Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2024       836,590,000 54,745,000      
Beginning balance at Dec. 31, 2024 $ 3,800,801     $ 8,366 $ 547 $ 7,117,098 $ (3,318,174) $ (7,036)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 305,425           305,425  
Other comprehensive income (loss), net of tax 86             86
Dividends (93,081)           (93,081)  
Share-based compensation expense 32,170         32,170    
Repurchases of common stock (including excise tax) (in shares)       (64,801,000)        
Repurchases of common stock (including excise tax) (394,617)     $ (648)   (393,969)    
Transactions related to employee share-based compensation plans and other (in shares)       6,168,000        
Transactions related to employee share-based compensation plans and other 8,595     $ 62   9,417 (884)  
Ending balance (in shares) at Jun. 30, 2025       777,957,000 54,745,000      
Ending balance at Jun. 30, 2025 3,659,379     $ 7,780 $ 547 6,764,716 (3,106,714) (6,950)
Beginning balance (in shares) at Mar. 31, 2025       788,153,000 54,745,000      
Beginning balance at Mar. 31, 2025 3,617,292     $ 7,882 $ 547 6,840,189 (3,225,634) (5,692)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 165,179           165,179  
Other comprehensive income (loss), net of tax (1,258)             (1,258)
Dividends (45,895)           (45,895)  
Share-based compensation expense 11,649         11,649    
Repurchases of common stock (including excise tax) (in shares)       (11,833,000)        
Repurchases of common stock (including excise tax) (89,711)     $ (118)   (89,593)    
Transactions related to employee share-based compensation plans and other (in shares)       1,637,000        
Transactions related to employee share-based compensation plans and other 2,123     $ 16   2,471 (364)  
Ending balance (in shares) at Jun. 30, 2025       777,957,000 54,745,000      
Ending balance at Jun. 30, 2025 3,659,379     $ 7,780 $ 547 6,764,716 (3,106,714) (6,950)
Beginning balance (in shares) at Dec. 31, 2025   765,201,157 54,744,525 765,201,000 54,745,000      
Beginning balance at Dec. 31, 2025 3,778,610     $ 7,652 $ 547 6,679,222 (2,907,255) (1,556)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 322,224           322,224  
Other comprehensive income (loss), net of tax 34,643             34,643
Dividends (85,607)           (85,607)  
Share-based compensation expense 32,056         32,056    
Repurchases of common stock (including excise tax) (in shares)       (85,758,000)        
Repurchases of common stock (including excise tax) (601,577)     $ (858)   (600,719)    
Transactions related to employee share-based compensation plans and other (in shares)       (582,000)        
Transactions related to employee share-based compensation plans and other (2,909)     $ (5)   (5,594) 2,693 (3)
Ending balance (in shares) at Jun. 30, 2026   678,861,460 54,744,525 678,861,000 54,745,000      
Ending balance at Jun. 30, 2026 3,477,440     $ 6,789 $ 547 6,104,965 (2,667,945) 33,084
Beginning balance (in shares) at Mar. 31, 2026       750,259,000 54,745,000      
Beginning balance at Mar. 31, 2026 3,799,792     $ 7,503 $ 547 6,563,279 (2,784,340) 12,803
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 153,850           153,850  
Other comprehensive income (loss), net of tax 20,281             20,281
Dividends (40,585)           (40,585)  
Share-based compensation expense 18,480         18,480    
Repurchases of common stock (including excise tax) (in shares)       (68,108,000)        
Repurchases of common stock (including excise tax) (478,321)     $ (681)   (477,640)    
Transactions related to employee share-based compensation plans and other (in shares)       (3,290,000)        
Transactions related to employee share-based compensation plans and other 3,943     $ (33)   846 3,130  
Ending balance (in shares) at Jun. 30, 2026   678,861,460 54,744,525 678,861,000 54,745,000      
Ending balance at Jun. 30, 2026 $ 3,477,440     $ 6,789 $ 547 $ 6,104,965 $ (2,667,945) $ 33,084