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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ 342,443 $ (332,179)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 40,286 38,011
Operating lease cost 56,581 49,738
Share-based compensation 24,852 20,036
Asset impairment 3,301 738,115
Deferred taxes (53) 13,956
Other non-cash items 8,531 8,428
Changes in operating assets and liabilities:    
Accounts receivable (154,913) (147,242)
Inventories (22,832) (49,824)
Prepaid expenses and other assets (21,297) (12,160)
Accounts payable, accrued expenses and other liabilities 1,604 (26,467)
Right-of-use assets and operating lease liabilities (56,764) (49,821)
Income taxes 49,029 (32,026)
Cash provided by operating activities 270,768 218,565
Cash flows from investing activities:    
Purchases of property, equipment, and software (38,729) (31,946)
Cash used in investing activities (38,729) (31,946)
Cash flows from financing activities:    
Proceeds from borrowings 295,000 539,000
Repayments of borrowings (223,000) (514,000)
Repurchases of common stock, including excise tax (256,157) (194,137)
Repurchases of common stock for tax withholding (3,238) (4,104)
Cash used in financing activities (187,395) (173,241)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (4,724) 7,125
Net change in cash, cash equivalents, and restricted cash 39,920 20,503
Cash, cash equivalents, and restricted cash—beginning of period 133,911 183,678
Cash, cash equivalents, and restricted cash—end of period $ 173,831 $ 204,181