v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common stock:
Additional paid-in capital:
Company common stock held by the NQDC:
Accumulated other comprehensive loss:
Retained earnings (accumulated deficit)
Shares of common stock, beginning balances (in shares) at Dec. 31, 2024 [1]   190,761,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuances under equity incentive plans (in shares)   1,241,000        
Shares of common stock, ending balances (in shares) at Jun. 30, 2025   192,002,000        
Beginning balances at Dec. 31, 2024 [1] $ 5,657,990 $ 191 $ 5,802,068 $ (11,227) $ 61,653 $ (194,695)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuances under equity incentive plans, net of tax   1 (43,439)      
Stock-based compensation     92,561      
Change in Common stock held by the Nonqualified Deferred Compensation plan (NQDC)     447 (447)    
Other comprehensive income (loss) (106,218)       (106,218)  
Net income 426,218         426,218
Ending balances at Jun. 30, 2025 6,027,113 $ 192 5,851,637 (11,674) (44,565) 231,523
Shares of common stock, beginning balances (in shares) at Mar. 31, 2025 [1]   191,756,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuances under equity incentive plans (in shares)   246,000        
Shares of common stock, ending balances (in shares) at Jun. 30, 2025   192,002,000        
Beginning balances at Mar. 31, 2025 [1] 5,793,459 $ 192 5,794,302 (11,177) 19,151 (9,009)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuances under equity incentive plans, net of tax     5,894      
Stock-based compensation     50,944      
Change in Common stock held by the Nonqualified Deferred Compensation plan (NQDC)     497 (497)    
Other comprehensive income (loss) (63,716)       (63,716)  
Net income 240,532         240,532
Ending balances at Jun. 30, 2025 $ 6,027,113 $ 192 5,851,637 (11,674) (44,565) 231,523
Shares of common stock, beginning balances (in shares) at Dec. 31, 2025 192,300,101 192,300,000 [1]        
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuances under equity incentive plans (in shares)   1,235,000        
Shares of common stock, ending balances (in shares) at Jun. 30, 2026 193,535,556 193,535,000        
Beginning balances at Dec. 31, 2025 [1] $ 6,086,999 [2] $ 192 5,956,582 (10,508) (13,473) 154,206
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuances under equity incentive plans, net of tax   2 (32,940)      
Stock-based compensation     112,651      
Change in Common stock held by the Nonqualified Deferred Compensation plan (NQDC)     726 (725)    
Other comprehensive income (loss) 4,690       4,690  
Net income 150,289         150,289
Ending balances at Jun. 30, 2026 $ 6,321,692 $ 194 6,037,019 (11,233) (8,783) 304,495
Shares of common stock, beginning balances (in shares) at Mar. 31, 2026 [1]   193,269,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuances under equity incentive plans (in shares)   266,000        
Shares of common stock, ending balances (in shares) at Jun. 30, 2026 193,535,556 193,535,000        
Beginning balances at Mar. 31, 2026 [1] $ 6,212,107 $ 193 5,966,868 (10,450) (4,237) 259,733
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuances under equity incentive plans, net of tax   1 4,728      
Stock-based compensation     64,639      
Change in Common stock held by the Nonqualified Deferred Compensation plan (NQDC)     784 (783)    
Other comprehensive income (loss) (4,546)       (4,546)  
Net income 44,762         44,762
Ending balances at Jun. 30, 2026 $ 6,321,692 $ 194 $ 6,037,019 $ (11,233) $ (8,783) $ 304,495
[1] The beginning balances for the six-month periods were derived from the audited Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on February 26, 2026.
[2]
(1)December 31, 2025 balances were derived from the audited Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 26, 2026.