Summary of Significant Accounting Policies (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Accounting Policies [Abstract] |
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| Schedule of Employee Deferred Compensation Plans |
The following table presents the Company’s (income) loss from investments held in employee deferred compensation trusts (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | Dividend income | | $ | (3,802) | | | $ | (3,055) | | | $ | (5,522) | | | $ | (4,995) | | Realized and unrealized gains | | (97,076) | | | (54,599) | | | (87,129) | | | (32,488) | | (Income) loss from investments held in employee deferred compensation trusts (which is completely offset by related costs and expense) | | $ | (100,878) | | | $ | (57,654) | | | $ | (92,651) | | | $ | (37,483) | | | | | | | | | | | | | | | | | | | |
The following table presents the Company’s increase in employee deferred compensation costs and expense related to changes in the fair value of trust assets for its nonqualified employee deferred compensation plans (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | Increase in employee deferred compensation costs and expense related to changes in the fair value of trust assets | | $ | 100,878 | | | $ | 57,654 | | | $ | 92,651 | | | $ | 37,483 | | | | | | | | | | |
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| Schedule of Allocation of Plan Assets |
The following table summarizes the Company’s financial instruments by significant category and fair value measurement on a recurring basis (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements Using | | Balance at June 30, 2026 | | Quoted Prices
in Active Markets for Identical Assets (Level 1) | | Significant Other Observable Inputs
(Level 2) | | Significant Unobservable Inputs
(Level 3) | | Cash equivalents | | | | | | | | | Money market funds | $ | 189,376 | | | $ | 189,376 | | | — | | | — | | | | | | | | | | | Employee deferred compensation trust assets | | | | | | | | | Money market funds | $ | 131,644 | | | $ | 131,644 | | | — | | | — | | | Mutual funds - bonds | 48,915 | | | 48,915 | | | — | | | — | | | Mutual funds - stocks | 520,863 | | | 520,863 | | | — | | | — | | | Mutual funds - blend | 149,137 | | | 149,137 | | | — | | | — | | | Total employee deferred compensation trust assets | $ | 850,559 | | | $ | 850,559 | | | — | | | — | | | | | | | | | | | | | Fair Value Measurements Using | | Balance at December 31, 2025 | | Quoted Prices
in Active Markets for Identical Assets (Level 1) | | Significant Other Observable Inputs
(Level 2) | | Significant Unobservable Inputs
(Level 3) | | Cash equivalents | | | | | | | | | Money market funds | $ | 276,809 | | | $ | 276,809 | | | — | | | — | | | | | | | | | | | Employee deferred compensation trust assets | | | | | | | | | Money market funds | $ | 141,760 | | | $ | 141,760 | | | — | | | — | | | Mutual funds - bonds | 44,496 | | | 44,496 | | | — | | | — | | | Mutual funds - stocks | 453,065 | | | 453,065 | | | — | | | — | | | Mutual funds - blend | 134,617 | | | 134,617 | | | — | | | — | | | Total employee deferred compensation trust assets | $ | 773,938 | | | $ | 773,938 | | | — | | | — | |
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| Schedule of Accounts Receivable, Allowance for Credit Loss |
The following table sets forth the activity in the allowance for credit losses from December 31, 2025, through June 30, 2026 (in thousands): | | | | | | | Allowance for Credit Losses | | | | | | | | | Balance as of December 31, 2025 | $ | 19,415 | | | Charges to expense | 2,082 | | | Deductions | (3,208) | | | Other, including foreign currency translation adjustments | (246) | | Balance as of June 30, 2026 | $ | 18,043 | |
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