v3.26.3
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Treasury shares
Common stock held in treasury
Additional paid-in capital
Accumulated other comprehensive income
Retained deficit
Beginning balance at Dec. 31, 2024 $ 3,936,657 $ 2,674   $ (513,941) $ 5,927,893 $ 611 $ (1,480,580)
Beginning balance Shares at Dec. 31, 2024   267,435,000 (26,766,000)        
Issuance of common stock (16,345) $ 11   0 (16,356) 0 0
Issuance of common stock, shares   1,047,000          
Issuance of common stock upon vesting of TSRs 0 $ 0   0 350 0 (350)
Issuance of common stock upon vesting of TSRs   6,000          
Stock-based compensation expense 11,644 $ 0   0 11,644 0 0
Dividends (21,752) 0   0 0 0 (21,752)
Treasury stock repurchased (67,477) 0   (67,477) 0 0 0
Treasury stock repurchased, shares     (1,826,000)        
Excise tax on stock repurchases (404) 0   (404) 0 0 0
Other comprehensive loss (14) 0   0 0 (14) 0
Net income 97,052 0   0 0 0 97,052
Ending balance at Mar. 31, 2025 3,939,361 $ 2,685   (581,822) 5,923,531 597 (1,405,630)
Ending balance Shares at Mar. 31, 2025   268,488,000 (28,592,000)        
Beginning balance at Dec. 31, 2024 3,936,657 $ 2,674   (513,941) 5,927,893 611 (1,480,580)
Beginning balance Shares at Dec. 31, 2024   267,435,000 (26,766,000)        
Net income 478,937            
Ending balance at Sep. 30, 2025 4,203,508 $ 2,686   (691,996) 5,959,090 568 (1,066,840)
Ending balance Shares at Sep. 30, 2025   268,562,000 (31,626,000)        
Beginning balance at Mar. 31, 2025 3,939,361 $ 2,685   (581,822) 5,923,531 597 (1,405,630)
Beginning balance Shares at Mar. 31, 2025   268,488,000 (28,592,000)        
Issuance of common stock 13,822 $ 1   0 13,821 0 0
Issuance of common stock, shares   65,000          
Stock-based compensation expense 10,947 $ 0   0 10,947 0 0
Dividends (21,601) 0   0 0 0 (21,601)
Treasury stock issuance - Rabbi Trust 0 0 $ 1 39 (39) 0 0
Treasury stock repurchased (52,881) 0   (52,881) 0 0 0
Treasury stock repurchased, shares     (1,454,000)        
Excise tax on stock repurchases (517) 0   (517) 0 0  
Other comprehensive loss (15) 0   0 0 (15) 0
Net income 237,578 0   0 0 0 237,578
Ending balance at Jun. 30, 2025 4,126,694 $ 2,686   (635,181) 5,948,260 582 (1,189,653)
Ending balance Shares at Jun. 30, 2025   268,553,000 (30,045,000)        
Issuance of common stock (121)     0 (121) 0 0
Issuance of common stock, shares   9,000          
Stock-based compensation expense 10,951 $ 0   0 10,951 0 0
Dividends (21,494) 0   0 0 0 (21,494)
Treasury stock repurchased (56,255) 0   (56,255) 0 0 0
Treasury stock repurchased, shares     (1,581,000)        
Excise tax on stock repurchases (560) 0   (560) 0 0 0
Other comprehensive loss (14) 0   0 0 (14) 0
Net income 144,307 0   0 0 0 144,307
Ending balance at Sep. 30, 2025 4,203,508 $ 2,686   (691,996) 5,959,090 568 (1,066,840)
Ending balance Shares at Sep. 30, 2025   268,562,000 (31,626,000)        
Beginning balance at Dec. 31, 2025 $ 4,318,681 $ 2,686   (746,486) 5,971,258 424 (909,201)
Beginning balance Shares at Dec. 31, 2025 268,573,212 268,573,000 (33,115,000)        
Issuance of common stock $ (19,440) $ 10   0 (19,450) 0 0
Issuance of common stock, shares   961,000          
Issuance of common stock upon vesting of TSRs 0 $ 0   0 225 0 (225)
Issuance of common stock upon vesting of TSRs   3,000          
Stock-based compensation expense 12,430 $ 0   0 12,430 0 0
Dividends (23,771) 0   0 0 0 (23,771)
Treasury stock repurchased (27,124) 0   (27,124) 0 0 0
Treasury stock repurchased, shares     (800,000)        
Other comprehensive loss (12) 0   0 0 (12) 0
Net income 341,630 0   0 0 0 341,630
Ending balance at Mar. 31, 2026 4,602,394 $ 2,696   (773,610) 5,964,463 412 (591,567)
Ending balance Shares at Mar. 31, 2026   269,537,000 (33,915,000)        
Beginning balance at Dec. 31, 2025 $ 4,318,681 $ 2,686   (746,486) 5,971,258 424 (909,201)
Beginning balance Shares at Dec. 31, 2025 268,573,212 268,573,000 (33,115,000)        
Treasury stock repurchased $ (105,500)            
Treasury stock repurchased, shares 2,800,000            
Net income $ 712,276            
Ending balance at Sep. 30, 2026 $ 4,871,951 $ 2,696   (852,633) 5,989,619 389 (268,120)
Ending balance Shares at Sep. 30, 2026 269,605,809 269,606,000 (35,915,000)        
Beginning balance at Mar. 31, 2026 $ 4,602,394 $ 2,696   (773,610) 5,964,463 412 (591,567)
Beginning balance Shares at Mar. 31, 2026   269,537,000 (33,915,000)        
Issuance of common stock 1,563 $ 0   0 1,563 0 0
Issuance of common stock, shares   52,000          
Stock-based compensation expense 12,137 $ 0   0 12,137 0 0
Dividends (23,634) 0   0 0 0 (23,634)
Treasury stock repurchased (78,352) 0   (78,352) 0 0 0
Treasury stock repurchased, shares     (2,000,000)        
Excise tax on stock repurchases (671) 0   (671) 0 0 0
Other comprehensive loss (11) 0   0 0 (11) 0
Net income 195,323 0   0 0 0 195,323
Ending balance at Jun. 30, 2026 4,708,749 $ 2,696   (852,633) 5,978,163 401 (419,878)
Ending balance Shares at Jun. 30, 2026   269,589,000 (35,915,000)        
Issuance of common stock (152) $ 0   0 (152) 0 0
Issuance of common stock, shares   17,000          
Stock-based compensation expense 11,608 $ 0   0 11,608 0 0
Dividends (23,565) 0   0 0 0 (23,565)
Other comprehensive loss (12) 0   0 0 (12) 0
Net income 175,323 0   0 0 0 175,323
Ending balance at Sep. 30, 2026 $ 4,871,951 $ 2,696   $ (852,633) $ 5,989,619 $ 389 $ (268,120)
Ending balance Shares at Sep. 30, 2026 269,605,809 269,606,000 (35,915,000)