Basis of Presentation and 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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| Cash and Cash Equivalents |
The following table provides a reconciliation of cash and cash equivalents and restricted cash and cash equivalents on our condensed consolidated balance sheets to the totals presented on our condensed consolidated statements of cash flows: | | | | | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | | (In thousands) | | Cash and cash equivalents | | $ | 608,203 | | | $ | 499,779 | | Restricted cash and cash equivalents (1) | | 3,120 | | | 3,085 | | Restricted cash and cash equivalents included in Other Assets (2) | | 4,950 | | | 4,340 | | | Total cash and cash equivalents and restricted cash and cash equivalents as presented on our condensed consolidated statements of cash flows | | $ | 616,273 | | | $ | 507,204 | |
(1)Held to meet reinsurance reserve requirements of our captive insurer. (2)Held for future decommissioning of facilities.
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| Restricted Cash and Cash Equivalents |
The following table provides a reconciliation of cash and cash equivalents and restricted cash and cash equivalents on our condensed consolidated balance sheets to the totals presented on our condensed consolidated statements of cash flows: | | | | | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | | (In thousands) | | Cash and cash equivalents | | $ | 608,203 | | | $ | 499,779 | | Restricted cash and cash equivalents (1) | | 3,120 | | | 3,085 | | Restricted cash and cash equivalents included in Other Assets (2) | | 4,950 | | | 4,340 | | | Total cash and cash equivalents and restricted cash and cash equivalents as presented on our condensed consolidated statements of cash flows | | $ | 616,273 | | | $ | 507,204 | |
(1)Held to meet reinsurance reserve requirements of our captive insurer. (2)Held for future decommissioning of facilities.
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| Property, Plant and Equipment, Net |
Property, plant and equipment is stated at cost and is set forth below: | | | | | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | | (In thousands) | | Land | | $ | 53,722 | | | $ | 54,802 | | | Buildings | | 564,746 | | | 519,901 | | | Machinery and equipment | | 1,331,245 | | | 1,286,010 | | | Property under construction | | 666,100 | | | 693,992 | | | Property, Plant and Equipment, Gross | | 2,615,813 | | | 2,554,705 | | | Less: Accumulated depreciation | | 1,012,625 | | | 969,569 | | | Property, Plant and Equipment, Net | | $ | 1,603,188 | | | $ | 1,585,136 | |
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| Components of Accumulated Other Comprehensive Income (Loss) |
The components of Accumulated other comprehensive income (loss) included in Stockholders' Equity are as follows: | | | | | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | | (In thousands) | | Currency translation adjustments | | $ | (36,076) | | | $ | (2,020) | | Net unrealized gain on derivative financial instruments | | 510 | | | 6 | | | Unrecognized prior service cost on benefit obligations | | (15,674) | | | (17,265) | | Net unrealized loss on available-for-sale investments | | (94) | | | (94) | | Accumulated other comprehensive loss | | $ | (51,334) | | | $ | (19,373) | |
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| Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) |
The amounts reclassified out of Accumulated other comprehensive income (loss) by component and the affected condensed consolidated statements of income line items are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | | | | 2026 | | 2025 | | 2026 | | 2025 | | | Accumulated Other Comprehensive Income (Loss) Component Recognized | | (In thousands) | | Line Item Presented | Realized (losses) gains on derivative financial instruments | | $ | (24) | | | $ | 192 | | | $ | (902) | | | $ | 115 | | | Revenues | | | (148) | | | 77 | | | 106 | | | 323 | | | Cost of operations | | | (172) | | | 269 | | | (796) | | | 438 | | | Total before tax | | | 45 | | | (58) | | | 200 | | | (95) | | | Provision for Income Taxes | | | $ | (127) | | | $ | 211 | | | $ | (596) | | | $ | 343 | | | Net Income | Amortization of prior service cost on benefit obligations | | $ | (980) | | | $ | (814) | | | $ | (1,959) | | | $ | (1,611) | | | Other – net | | | 184 | | | 157 | | | 368 | | | 315 | | | Provision for Income Taxes | | | $ | (796) | | | $ | (657) | | | $ | (1,591) | | | $ | (1,296) | | | Net Income | Realized gains on investments | | $ | — | | | $ | — | | | $ | — | | | $ | 381 | | | Other – net | | | — | | | — | | | — | | | (80) | | | Provision for Income Taxes | | | $ | — | | | $ | — | | | $ | — | | | $ | 301 | | | Net Income | Total reclassification for the period | | $ | (923) | | | $ | (446) | | | $ | (2,187) | | | $ | (652) | | | |
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