v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 639,193 $ 738,960
Short-term investments 483,410 504,200
Accounts receivable 116,170 69,816
Prepaid and other current assets 87,096 74,994
Total current assets 1,325,869 1,387,970
Property and equipment, net 21,211 23,713
Patents, net 314,190 318,756
Deferred tax assets 134,668 141,326
Other non-current assets, net 361,728 192,525
Total assets 2,157,666 2,064,290
Current liabilities:    
Current portion of long-term debt 295,750 458,376
Accounts payable 12,110 10,048
Accrued compensation and related expenses 39,944 50,050
Deferred revenue 294,935 193,722
Dividends payable 19,324 17,980
Other accrued expenses 37,407 22,326
Total current liabilities 699,470 752,502
Long-term debt 11,238 16,292
Long-term deferred revenue 138,363 135,882
Other long-term liabilities 60,193 58,494
Total liabilities 909,264 963,170
Commitments and contingencies
Shareholders' equity:    
Preferred Stock, $0.10 par value, 14,399 shares authorized, 0 shares issued and outstanding 0 0
Common Stock, $0.01 par value, 100,000 shares authorized, 72,819 and 70,965 shares issued and 25,780 and 25,685 shares outstanding 728 709
Additional paid-in capital 1,363,212 816,903
Retained earnings 2,328,416 2,113,240
Accumulated other comprehensive (loss) gain (2,569) 299
Treasury stock, 47,039 and 45,280 shares of common stock held at cost (2,441,385) (1,830,031)
Total shareholders' equity 1,248,402 1,101,120
Total liabilities and shareholders' equity $ 2,157,666 $ 2,064,290