STOCK-BASED AWARDS (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Stock option activity during the six months ended June 30, 2026 is summarized as follows:


	Option Shares (thousands)	Weighted average exercise price		Weighted average remaining contractual life (years)	Aggregate intrinsic value (thousands)
Outstanding at December 31, 2025	10,579	$	61.11
Granted	1,553	93.42
Exercised	(741)	49.86
Forfeited	(369)	74.59
Outstanding at June 30, 2026	11,022	65.96		6.6	$	181,304
Exercisable at June 30, 2026	6,578	58.72		5.2	140,129
Expected to vest at June 30, 2026	4,443	$	76.68	8.6	$	41,175

Schedule of Fair Value of Options Using Black Scholes Option Pricing Model

The fair value of the options was estimated on the date of the grant using a Black-Scholes option pricing model with the following assumptions:


	Six Months Ended June 30,
	2026			2025
Risk-free interest rate	3.72%	-	4.21%	4.03%	-	4.52%
Expected term (years)	5.0	-	5.5	4.9	-	9.1
Expected volatility	37.0%	-	38.0%	34.0%	-	37.0%
Expected dividend yield	—%			—%

Schedule of Restricted Stock Unit Activity

RSU activity during the six months ended June 30, 2026 is summarized as follows:


	Restricted Stock Units (thousands)	Weighted average grant date fair value per share		Weighted average remaining contractual life (years)
Outstanding at December 31, 2025	303	$	59.56
Granted	8	90.12
Vested	(131)	54.10
Forfeited	(1)	54.10
Outstanding at June 30, 2026	179	$	64.89	4.6

Schedule of Performance-Based Restricted Stock Unit Activity

PRSU activity during the six months ended June 30, 2026 is summarized as follows:


	Performance-Based Restricted Stock Units (thousands)	Weighted average grant date fair value per share		Weighted average remaining contractual life (years)
Outstanding at December 31, 2025	12	$	62.15
Granted	—	—
Vested	(2)	54.10
Forfeited	(1)	54.10
Outstanding at June 30, 2026	9	$	64.89	1.4

Schedule of Stock-based Compensation Schedule

Compensation expense related to stock options granted to employees and non-employees under the Plans during the three and six months ended June 30, 2026 and 2025, respectively, was as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2026		2025		2026		2025
Stock-based compensation expense	$	13,383	$	13,617	$	26,000	$	26,823
Stock-based compensation expense classified into Acquisition-Related Costs	—		27,192		—		27,192
Net stock-based compensation capitalized into inventory	40		(226)		211		(345)
Total stock-based compensation cost	$	13,423	$	40,583	$	26,211	$	53,670