v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Beginning balance (in shares) at Dec. 31, 2024   70,577        
Beginning balance at Dec. 31, 2024 $ 857,215 $ 705 $ 808,540 $ 1,775,823 $ (458) $ (1,727,395)
Treasury stock, beginning balance (in shares) at Dec. 31, 2024           44,895
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 115,602     115,602    
Net change in unrealized gain (loss) on short-term investments 256       256  
Dividends declared (15,577)   450 (16,027)    
Exercise of common stock options (in shares)   100        
Exercise of common stock options 7,315 $ 1 7,314      
Issuance of common stock, net (in shares)   218        
Issuance of common stock, net (32,176) $ 2 (32,178)      
Share-based compensation 9,498   9,498      
Repurchase of common stock (in shares)           24
Repurchase of common stock (5,249)         $ (5,249)
Ending balance (in shares) at Mar. 31, 2025   70,895        
Ending balance at Mar. 31, 2025 936,884 $ 708 793,624 1,875,398 (202) $ (1,732,644)
Treasury stock, ending balance (in shares) at Mar. 31, 2025           44,919
Beginning balance (in shares) at Dec. 31, 2024   70,577        
Beginning balance at Dec. 31, 2024 857,215 $ 705 808,540 1,775,823 (458) $ (1,727,395)
Treasury stock, beginning balance (in shares) at Dec. 31, 2024           44,895
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 296,170          
Net change in unrealized gain (loss) on short-term investments 351          
Ending balance (in shares) at Jun. 30, 2025   70,911        
Ending balance at Jun. 30, 2025 1,086,784 $ 709 805,073 2,039,921 (107) $ (1,758,812)
Treasury stock, ending balance (in shares) at Jun. 30, 2025           45,042
Beginning balance (in shares) at Mar. 31, 2025   70,895        
Beginning balance at Mar. 31, 2025 936,884 $ 708 793,624 1,875,398 (202) $ (1,732,644)
Treasury stock, beginning balance (in shares) at Mar. 31, 2025           44,919
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 180,568     180,568    
Net change in unrealized gain (loss) on short-term investments 95       95  
Dividends declared (15,507)   538 (16,045)    
Exercise of common stock options (in shares)   1        
Exercise of common stock options 15   15      
Issuance of common stock, net (in shares)   15        
Issuance of common stock, net (939) $ 1 (940)      
Share-based compensation 11,836   11,836      
Repurchase of common stock (in shares)           123
Repurchase of common stock (26,168)         $ (26,168)
Ending balance (in shares) at Jun. 30, 2025   70,911        
Ending balance at Jun. 30, 2025 $ 1,086,784 $ 709 805,073 2,039,921 (107) $ (1,758,812)
Treasury stock, ending balance (in shares) at Jun. 30, 2025           45,042
Beginning balance (in shares) at Dec. 31, 2025 25,685 70,965        
Beginning balance at Dec. 31, 2025 $ 1,101,120 $ 709 816,903 2,113,240 299 $ (1,830,031)
Treasury stock, beginning balance (in shares) at Dec. 31, 2025 45,280         45,280
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 75,329     75,329    
Net change in unrealized gain (loss) on short-term investments (935)       (935)  
Dividends declared (18,106)   392 (18,498)    
Issuance of common stock, net (in shares)   212        
Issuance of common stock, net (55,003) $ 2 (55,005)      
Share-based compensation 10,339   10,339      
Repurchase of common stock (in shares)           24
Repurchase of common stock (8,165)         $ (8,165)
Settlement of the 2027 Notes (in shares)   802        
Settlement of the 2027 Notes (495) $ 8 (503)      
Settlement of the 2027 Hedge (in shares)           802
Settlement of the 2027 Hedge 2   291,815     $ (291,813)
Ending balance (in shares) at Mar. 31, 2026   71,979        
Ending balance at Mar. 31, 2026 $ 1,104,086 $ 719 1,063,941 2,170,071 (636) $ (2,130,009)
Treasury stock, ending balance (in shares) at Mar. 31, 2026           46,106
Beginning balance (in shares) at Dec. 31, 2025 25,685 70,965        
Beginning balance at Dec. 31, 2025 $ 1,101,120 $ 709 816,903 2,113,240 299 $ (1,830,031)
Treasury stock, beginning balance (in shares) at Dec. 31, 2025 45,280         45,280
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 191,701          
Net change in unrealized gain (loss) on short-term investments $ (1,556)          
Ending balance (in shares) at Jun. 30, 2026 25,806 71,988        
Ending balance at Jun. 30, 2026 $ 1,202,169 $ 719 1,087,741 2,267,959 (1,257) $ (2,152,993)
Treasury stock, ending balance (in shares) at Jun. 30, 2026 46,182         46,182
Beginning balance (in shares) at Mar. 31, 2026   71,979        
Beginning balance at Mar. 31, 2026 $ 1,104,086 $ 719 1,063,941 2,170,071 (636) $ (2,130,009)
Treasury stock, beginning balance (in shares) at Mar. 31, 2026           46,106
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 116,372     116,372    
Net change in unrealized gain (loss) on short-term investments (621)       (621)  
Dividends declared (18,064)   420 (18,484)    
Issuance of common stock, net (in shares)   9        
Issuance of common stock, net (726)   (726)      
Share-based compensation 24,103   24,103      
Repurchase of common stock (in shares)           76
Repurchase of common stock (22,981)         $ (22,981)
Settlement of the 2027 Notes $ 0   3     (3)
Ending balance (in shares) at Jun. 30, 2026 25,806 71,988        
Ending balance at Jun. 30, 2026 $ 1,202,169 $ 719 $ 1,087,741 $ 2,267,959 $ (1,257) $ (2,152,993)
Treasury stock, ending balance (in shares) at Jun. 30, 2026 46,182         46,182