v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 164,263 $ 175,733
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 23,228 20,932
Amortization of intangibles 14,679 13,646
Investment gains, net (26,360) (6,630)
Impairment of minority investments 415 0
Stock-based compensation 18,857 22,888
Deferred income tax expense 5,488 977
Retirement plan expense, net of benefit payments 898 1,271
Decrease (increase) in assets:    
Accounts receivable 30,776 39,434
Inventory 4,045 (29,683)
Other current assets (26,929) (36,928)
Other assets 15,428 (12,364)
Increase (decrease) in liabilities:    
Accounts payable and accrued expenses (1,931) 304
Other current liabilities (920) (2,406)
Deferred revenue 15,146 (8,763)
Other liabilities (3,025) 1,270
Net cash provided by operating activities 234,058 179,681
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (17,507) (40,383)
Purchase of intangibles (40,000) 0
Purchases of investments (307,336) (319,593)
Proceeds from sale and maturity of investments 354,483 275,000
Net cash used in investing activities (10,360) (84,976)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 1,515 1,617
Repurchases of common stock, inclusive of excise tax (192,960) 0
Payment of withholding taxes related to stock-based compensation to employees (7,786) (9,470)
Cash dividends paid (69,373) (64,223)
Net cash used in financing activities (268,604) (72,076)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (44,906) 22,629
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 138,353 98,980
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 93,447 $ 121,609