v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 615,590 $ 738,960
Short-term investments 496,821 504,200
Accounts receivable 193,001 69,816
Prepaid and other current assets 91,151 74,994
Total current assets 1,396,563 1,387,970
Property and equipment, net 22,274 23,713
Patents, net 317,569 318,756
Deferred tax assets 123,650 141,326
Other non-current assets, net 332,036 192,525
Total assets 2,192,092 2,064,290
Current liabilities:    
Current portion of long-term debt 378,239 458,376
Accounts payable 9,831 10,048
Accrued compensation and related expenses 33,236 50,050
Deferred revenue 325,740 193,722
Dividends payable 18,064 17,980
Other accrued expenses 35,960 22,326
Total current liabilities 801,070 752,502
Long-term debt 10,861 16,292
Long-term deferred revenue 116,472 135,882
Other long-term liabilities 61,520 58,494
Total liabilities 989,923 963,170
Commitments and contingencies
Shareholders' equity:    
Preferred Stock, $0.10 par value, 14,399 shares authorized, 0 shares issued and outstanding 0 0
Common Stock, $0.01 par value, 100,000 shares authorized, 71,988 and 70,965 shares issued and 25,806 and 25,685 shares outstanding 719 709
Additional paid-in capital 1,087,741 816,903
Retained earnings 2,267,959 2,113,240
Accumulated other comprehensive (loss) gain (1,257) 299
Treasury stock, 46,182 and 45,280 shares of common stock held at cost (2,152,993) (1,830,031)
Total shareholders' equity 1,202,169 1,101,120
Total liabilities and shareholders' equity $ 2,192,092 $ 2,064,290