v3.26.1
SEGMENT REPORTING (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Performance
The following tables are a summary of reportable segment performance with Other to reconcile to our consolidated results for the three months ended June 30, 2026 and 2025:

(in thousands)For the Three Months Ended June 30, 2026
CAGWaterLPDTotal
Total revenues from reportable segments$1,118,236 $58,564 $35,181 $1,211,981 
Reconciliation of revenue
Other revenues4,604 
Total revenue$1,216,585 
Cost of revenue from reportable segments402,449 14,966 16,530 
Segment gross profit$715,787 $43,598 $18,651 $778,036 
Reconciliation of operating profit (segment profit)
Segment gross profit$778,036 
Segment operating expenses(352,068)
Other operating profit (excluding unallocated amounts)(156)
Unallocated amounts
Foreign currency transaction gains (losses)(246)
Non-operating income (expense)(8,342)
Income before provision for income taxes$417,224 

(in thousands)For the Three Months Ended June 30, 2025
CAGWaterLPDTotal
Total revenues from reportable segments$1,022,443 $51,001 $31,762 $1,105,206 
Reconciliation of revenue
Other revenues4,251 
Total revenue$1,109,457 
Cost of revenue from reportable segments380,341 15,490 16,833 
Segment gross profit$642,102 $35,511 $14,929 $692,542 
Reconciliation of operating profit (segment profit)
Segment gross profit$692,542 
Segment operating expenses(319,928)
Other operating profit (excluding unallocated amounts)1,000 
Unallocated amounts
Foreign currency transaction gains (losses)(568)
Non-operating income (expense)(10,694)
Income before provision for income taxes$362,352 
The following tables are a summary of reportable segment performance with Other to reconcile to our consolidated results for the six months ended June 30, 2026 and 2025:

(in thousands)For the Six Months Ended June 30, 2026
CAGWaterLPDTotal
Total revenues from reportable segments$2,172,288 $108,829 $67,664 $2,348,781 
Reconciliation of revenue
Other revenues8,624 
Total revenue$2,357,405 
Cost of revenue from reportable segments788,992 28,694 32,103 
Segment gross profit$1,383,296 $80,135 $35,561 $1,498,992 
Reconciliation of operating profit (segment profit)
Segment gross profit$1,498,992 
Segment operating expenses(710,510)
Other operating profit (excluding unallocated amounts)360 
Unallocated amounts
Foreign currency transaction gains (losses)(690)
Non-operating income (expense)(15,486)
Income before provision for income taxes$772,666 

(in thousands)For the Six Months Ended June 30, 2025
CAGWaterLPDTotal
Total revenues from reportable segments$1,942,279 $96,322 $60,358 $2,098,959 
Reconciliation of revenue
Other revenues8,925 
Total revenue$2,107,884 
Cost of revenue from reportable segments725,354 28,738 31,064 
Segment gross profit$1,216,925 $67,584 $29,294 $1,313,803 
Reconciliation of operating profit (segment profit)
Segment gross profit$1,313,803 
Segment operating expenses(625,092)
Other operating profit (excluding unallocated amounts)2,108 
Unallocated amounts
Foreign currency transaction gains (losses)(1,239)
Non-operating income (expense)(17,144)
Income before provision for income taxes$672,436