v3.26.1
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders’ Equity
Common Stock
Additional Paid-in Capital
Retained Earnings
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2024     92,451,729      
Beginning balance at Dec. 31, 2024 $ 3,335,722 $ 3,335,710 $ 925 $ 0 $ 3,334,785 $ 12
Increase (Decrease) in Stockholders' Equity            
Net income (loss) 124,727 124,784     124,784 (57)
Shares issued under stock-based awards (in shares)     513,476      
Shares issued under stock-based awards 0   $ 5 (5)    
Tax withholding paid on behalf of employees for stock-based awards (9,957) (9,957)   (9,957)    
Stock-based compensation expense 16,159 16,159   16,159    
Share repurchases (in shares)     (5,458,694)      
Share repurchases (176,510) (176,688) $ (55) (176,633)   178
Acquisition of joint venture minority interest (47) (47)     (47)  
Reclass the negative APIC to retained earnings 0     170,436 (170,436)  
Ending balance (in shares) at Jun. 30, 2025     87,506,511      
Ending balance at Jun. 30, 2025 3,290,094 3,289,961 $ 875 0 3,289,086 133
Beginning balance (in shares) at Mar. 31, 2025     90,669,862      
Beginning balance at Mar. 31, 2025 3,321,724 3,321,699 $ 907 0 3,320,792 25
Increase (Decrease) in Stockholders' Equity            
Net income (loss) 60,710 60,748     60,748 (38)
Shares issued under stock-based awards (in shares)     24,631      
Tax withholding paid on behalf of employees for stock-based awards (36) (36)   (36)    
Stock-based compensation expense 8,603 8,603   8,603    
Share repurchases (in shares)     (3,187,982)      
Share repurchases (101,053) (101,053) $ (32) (101,021)    
Noncontrolling interest in consolidated subsidiary 146         146
Reclass the negative APIC to retained earnings 0     92,454 (92,454)  
Ending balance (in shares) at Jun. 30, 2025     87,506,511      
Ending balance at Jun. 30, 2025 $ 3,290,094 3,289,961 $ 875 0 3,289,086 133
Beginning balance (in shares) at Dec. 31, 2025 84,478,836   84,478,836      
Beginning balance at Dec. 31, 2025 $ 3,315,929 3,315,834 $ 844 0 3,314,990 95
Increase (Decrease) in Stockholders' Equity            
Net income (loss) (150,876) (150,912)     (150,912) 36
Shares issued under stock-based awards (in shares)     686,656      
Shares issued under stock-based awards 0   $ 7 (7)    
Tax withholding paid on behalf of employees for stock-based awards (17,566) (17,566)   (17,566)    
Stock-based compensation expense 4,989 4,989   4,989    
Reclassification of previously recognized stock-based compensation from additional paid-in capital to accrued liabilities 1,841 1,841   1,841    
Reclassification of previously recognized stock-based compensation related to awards settled at the Merger (9,665) (9,665)   (9,665)    
Noncontrolling interest in consolidated subsidiary 79         79
Effect of merger transaction (in shares)     (85,165,392)      
Effect of merger transaction 0   $ (851)   851  
Reclass the negative APIC to retained earnings $ 0     24,090 (24,090)  
Ending balance (in shares) at Jun. 30, 2026 100   100      
Ending balance at Jun. 30, 2026 $ 3,141,049 3,140,839 $ 0 0 3,140,839 210
Beginning balance (in shares) at Mar. 31, 2026     85,135,803      
Beginning balance at Mar. 31, 2026 3,307,162 3,307,043 $ 851 0 3,306,192 119
Increase (Decrease) in Stockholders' Equity            
Net income (loss) (157,686) (157,698)     (157,698) 12
Shares issued under stock-based awards (in shares)     29,689      
Tax withholding paid on behalf of employees for stock-based awards (32) (32)   (32)    
Stock-based compensation expense 3,032 3,032   3,032    
Reclassification of previously recognized stock-based compensation from additional paid-in capital to accrued liabilities (1,841) (1,841)   (1,841)    
Reclassification of previously recognized stock-based compensation related to awards settled at the Merger (9,665) (9,665)   (9,665)    
Noncontrolling interest in consolidated subsidiary 79         79
Effect of merger transaction (in shares)     (85,165,392)      
Effect of merger transaction 0   $ (851)   851  
Reclass the negative APIC to retained earnings $ 0     8,506 (8,506)  
Ending balance (in shares) at Jun. 30, 2026 100   100      
Ending balance at Jun. 30, 2026 $ 3,141,049 $ 3,140,839 $ 0 $ 0 $ 3,140,839 $ 210