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EQUITY
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
EQUITY EQUITY
Share Repurchases
On May 15, 2025, our Board of Directors (the “Board”) approved a new share repurchase program that authorizes the Company to repurchase up to $500.0 million of the Company’s Class A Common Stock (“Class A Common”). Repurchases may be made through privately negotiated transactions or open market transactions, including pursuant to a trading plan in accordance with Rule 10b5-1 and/or Rule 10b-18 under the Exchange Act. The repurchase program has no time limit and may be suspended for periods or discontinued at any time.
During the three and six months ended June 30, 2026, the Company repurchased 1.6 million shares for a total of $136.1 million, at an average price of $82.96 per share, under this repurchase program. As of June 30, 2026, the Company had a remaining authorization to repurchase a total of $253.9 million of the Company’s Class A Common.
Shares repurchased by the Company are accounted for under the constructive retirement method, in which the shares repurchased are immediately retired, as there is no plan to reissue the shares. The value of the retired shares includes the 1% excise tax accrual as a result of the Inflation Reduction Act of 2022. The Company made an accounting policy election to charge the excess of repurchase price over par value entirely to retained earnings.
Common Stock
Our Amended and Restated Certificate of Incorporation provides for a total of 775,000,000 authorized shares of common stock. Of the authorized number of shares of common stock, 500,000,000 shares are designated as Class A Common, and 275,000,000 shares are designated as the Class B Common Stock (“Class B Common”).
The holders of Class A Common are entitled to one vote for each share of Class A Common held. The holders of Class B Common are entitled to 10 votes for each share of Class B Common held. Each share of our Class B Common is convertible at any time at the option of the holder into one share of our Class A Common. In addition, each share of our Class B Common will convert automatically into one share of our Class A Common upon any transfer, whether or not for value, except for permitted transfers. For more details relating to the conversion of our Class B Common please see “Description of Securities of the Registrant” filed as Exhibit 4.2 to our Annual Report on Form 10-K filed with the SEC on February 24, 2026. The holders of Class A Common and Class B Common vote together as one class of common stock. Except for voting rights, the Class A Common and Class B Common have the same rights and privileges.
Accumulated Other Comprehensive Income (Loss)
The tables below present the changes in each component of accumulated other comprehensive income/(loss), including current period other comprehensive income/(loss) and reclassifications out of accumulated other comprehensive income/(loss) for the six months ended June 30, 2026 and 2025, respectively:
(In thousands)Unrealized loss on marketable securities, net
of tax		Foreign currency translation adjustmentsAccumulated other comprehensive loss
Accumulated other comprehensive income/(loss), net of tax, at December 31, 2025$131 $15,215 $15,346 
Other comprehensive income/(loss) before reclassifications(1,532)(2,439)(3,971)
Amounts reclassified from accumulated other comprehensive income/(loss), net of tax(179)— (179)
Other comprehensive income/(loss), net of tax(1,711)(2,439)(4,150)
Accumulated other comprehensive income/(loss), net of tax, at June 30, 2026$(1,580)$12,776 $11,196 
(In thousands)Unrealized loss on marketable securities, net
of tax		Foreign currency translation adjustmentsAccumulated other comprehensive loss
Accumulated other comprehensive income/(loss), net of tax, at December 31, 2024$(317)$(6,544)$(6,861)
Other comprehensive income/(loss) before reclassifications315 16,783 17,098 
Amounts reclassified from accumulated other comprehensive income/(loss), net of tax2 — 2 
Other comprehensive income/(loss), net of tax317 16,783 17,100 
Accumulated other comprehensive income/(loss), net of tax, at June 30, 2025$— $10,239 $10,239 
Amounts reclassified from accumulated other comprehensive loss, net of tax, related to unrealized gains/losses on marketable securities were released to other income, net in our condensed consolidated statements of operations and comprehensive income.
Earnings Per Common Share
The Company computes basic earnings per share using the weighted-average number of common shares outstanding during the period. Diluted earnings per share assumes the conversion, exercise or issuance of all potential common stock equivalents, unless the effect of inclusion is anti-dilutive. For purposes of this calculation, common stock equivalents include the Company’s stock options, unvested RSUs, and performance-based restricted stock units (“PRSUs”). These are included in basic net income per share as of the date that all necessary conditions have been satisfied and are included in the denominator for dilutive calculation for the entire period if such shares would be issuable as of the end of the reporting period assuming the end of the reporting period was the end of the contingency period.
The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2026 and 2025, respectively:
Three Months Ended
June 30,		Six Months Ended
June 30,
(In thousands, except per share amounts)2026202520262025
Numerator:
Net income/(loss) for basic$151,569 $202,846 $275,871 $278,308 
Denominator for basic and diluted net income per share:
Weighted average shares outstanding for basic135,054 135,205 135,209 135,981 
Dilutive stock options, RSUs, and PRSUs2,329 1,294 2,578 2,156 
Weighted average shares outstanding for diluted137,384 136,499 137,787 138,137 
Earnings per share:
Basic$1.12 $1.50 $2.04 $2.05 
Diluted$1.10 $1.49 $2.00 $2.01 
Anti-dilutive stock options and RSUs excluded from the calculation3,3716,8033,2834,926
Anti-dilutive warrants excluded from the calculation—3,075—3,075
Total$3,371 $9,878 $3,283 $8,001