CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Thousands |
Total |
Common Stock |
Additional Paid-In Capital |
Retained Earnings |
Accumulated Other Comprehensive Income (Loss) |
Treasury Stock |
| Beginning balance (in shares) at Dec. 31, 2024 |
|
70,577
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
$ 857,215
|
$ 705
|
$ 808,540
|
$ 1,775,823
|
$ (458)
|
$ (1,727,395)
|
| Treasury stock, beginning balance (in shares) at Dec. 31, 2024 |
|
|
|
|
|
44,895
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income |
115,602
|
|
|
115,602
|
|
|
| Net change in unrealized gain (loss) on short-term investments |
256
|
|
|
|
256
|
|
| Dividends declared |
(15,577)
|
|
450
|
(16,027)
|
|
|
| Exercise of common stock options (in shares) |
|
100
|
|
|
|
|
| Exercise of common stock options |
7,315
|
$ 1
|
7,314
|
|
|
|
| Issuance of common stock, net (in shares) |
|
218
|
|
|
|
|
| Issuance of common stock, net |
(32,176)
|
$ 2
|
(32,178)
|
|
|
|
| Share-based compensation |
9,498
|
|
9,498
|
|
|
|
| Repurchase of common stock (in shares) |
|
|
|
|
|
24
|
| Repurchase of common stock |
(5,249)
|
|
|
|
|
$ (5,249)
|
| Ending balance (in shares) at Mar. 31, 2025 |
|
70,895
|
|
|
|
|
| Ending balance at Mar. 31, 2025 |
$ 936,884
|
$ 708
|
793,624
|
1,875,398
|
(202)
|
$ (1,732,644)
|
| Treasury stock, ending balance (in shares) at Mar. 31, 2025 |
|
|
|
|
|
44,919
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Dividends declared (in USD per share) |
$ 0.60
|
|
|
|
|
|
| Beginning balance (in shares) at Dec. 31, 2024 |
|
70,577
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
$ 857,215
|
$ 705
|
808,540
|
1,775,823
|
(458)
|
$ (1,727,395)
|
| Treasury stock, beginning balance (in shares) at Dec. 31, 2024 |
|
|
|
|
|
44,895
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income |
363,673
|
|
|
|
|
|
| Net change in unrealized gain (loss) on short-term investments |
678
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2025 |
|
70,963
|
|
|
|
|
| Ending balance at Sep. 30, 2025 |
$ 1,099,976
|
$ 709
|
804,328
|
2,088,823
|
220
|
$ (1,794,104)
|
| Treasury stock, ending balance (in shares) at Sep. 30, 2025 |
|
|
|
|
|
45,180
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Dividends declared (in USD per share) |
$ 1.90
|
|
|
|
|
|
| Beginning balance (in shares) at Mar. 31, 2025 |
|
70,895
|
|
|
|
|
| Beginning balance at Mar. 31, 2025 |
$ 936,884
|
$ 708
|
793,624
|
1,875,398
|
(202)
|
$ (1,732,644)
|
| Treasury stock, beginning balance (in shares) at Mar. 31, 2025 |
|
|
|
|
|
44,919
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income |
180,568
|
|
|
180,568
|
|
|
| Net change in unrealized gain (loss) on short-term investments |
95
|
|
|
|
95
|
|
| Dividends declared |
(15,507)
|
|
538
|
(16,045)
|
|
|
| Exercise of common stock options (in shares) |
|
1
|
|
|
|
|
| Exercise of common stock options |
15
|
|
15
|
|
|
|
| Issuance of common stock, net (in shares) |
|
15
|
|
|
|
|
| Issuance of common stock, net |
(939)
|
$ 1
|
(940)
|
|
|
|
| Share-based compensation |
11,836
|
|
11,836
|
|
|
|
| Repurchase of common stock (in shares) |
|
|
|
|
|
123
|
| Repurchase of common stock |
(26,168)
|
|
|
|
|
$ (26,168)
|
| Ending balance (in shares) at Jun. 30, 2025 |
|
70,911
|
|
|
|
|
| Ending balance at Jun. 30, 2025 |
$ 1,086,784
|
$ 709
|
805,073
|
2,039,921
|
(107)
|
$ (1,758,812)
|
| Treasury stock, ending balance (in shares) at Jun. 30, 2025 |
|
|
|
|
|
45,042
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Dividends declared (in USD per share) |
$ 0.60
|
|
|
|
|
|
| Net income |
$ 67,503
|
|
|
67,503
|
|
|
| Net change in unrealized gain (loss) on short-term investments |
327
|
|
|
|
327
|
|
| Dividends declared |
(18,041)
|
|
560
|
(18,601)
|
|
|
| Issuance of common stock, net (in shares) |
|
52
|
|
|
|
|
| Issuance of common stock, net |
(10,646)
|
|
(10,646)
|
|
|
|
| Share-based compensation |
9,301
|
|
9,301
|
|
|
|
| Repurchase of common stock (in shares) |
|
|
|
|
|
138
|
| Repurchase of common stock |
(35,252)
|
|
|
|
|
$ (35,252)
|
| Settlement of the 2027 Hedge |
0
|
|
40
|
|
|
(40)
|
| Ending balance (in shares) at Sep. 30, 2025 |
|
70,963
|
|
|
|
|
| Ending balance at Sep. 30, 2025 |
$ 1,099,976
|
$ 709
|
804,328
|
2,088,823
|
220
|
$ (1,794,104)
|
| Treasury stock, ending balance (in shares) at Sep. 30, 2025 |
|
|
|
|
|
45,180
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Dividends declared (in USD per share) |
$ 0.70
|
|
|
|
|
|
| Beginning balance (in shares) at Dec. 31, 2025 |
25,685
|
70,965
|
|
|
|
|
| Beginning balance at Dec. 31, 2025 |
$ 1,101,120
|
$ 709
|
816,903
|
2,113,240
|
299
|
$ (1,830,031)
|
| Treasury stock, beginning balance (in shares) at Dec. 31, 2025 |
45,280
|
|
|
|
|
45,280
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income |
$ 75,329
|
|
|
75,329
|
|
|
| Net change in unrealized gain (loss) on short-term investments |
(935)
|
|
|
|
(935)
|
|
| Dividends declared |
(18,106)
|
|
392
|
(18,498)
|
|
|
| Issuance of common stock, net (in shares) |
|
212
|
|
|
|
|
| Issuance of common stock, net |
(55,003)
|
$ 2
|
(55,005)
|
|
|
|
| Share-based compensation |
10,339
|
|
10,339
|
|
|
|
| Repurchase of common stock (in shares) |
|
|
|
|
|
24
|
| Repurchase of common stock |
(8,165)
|
|
|
|
|
$ (8,165)
|
| Settlement of the 2027 Notes (in shares) |
|
802
|
|
|
|
|
| Settlement of the 2027 Notes |
(495)
|
$ 8
|
(503)
|
|
|
|
| Settlement of the 2027 Hedge (in shares) |
|
|
|
|
|
802
|
| Settlement of the 2027 Hedge |
2
|
|
291,815
|
|
|
$ (291,813)
|
| Ending balance (in shares) at Mar. 31, 2026 |
|
71,979
|
|
|
|
|
| Ending balance at Mar. 31, 2026 |
$ 1,104,086
|
$ 719
|
1,063,941
|
2,170,071
|
(636)
|
$ (2,130,009)
|
| Treasury stock, ending balance (in shares) at Mar. 31, 2026 |
|
|
|
|
|
46,106
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Dividends declared (in USD per share) |
$ 0.70
|
|
|
|
|
|
| Beginning balance (in shares) at Dec. 31, 2025 |
25,685
|
70,965
|
|
|
|
|
| Beginning balance at Dec. 31, 2025 |
$ 1,101,120
|
$ 709
|
816,903
|
2,113,240
|
299
|
$ (1,830,031)
|
| Treasury stock, beginning balance (in shares) at Dec. 31, 2025 |
45,280
|
|
|
|
|
45,280
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income |
$ 271,930
|
|
|
|
|
|
| Net change in unrealized gain (loss) on short-term investments |
$ (2,868)
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2026 |
25,780
|
72,819
|
|
|
|
|
| Ending balance at Sep. 30, 2026 |
$ 1,248,402
|
$ 728
|
1,363,212
|
2,328,416
|
(2,569)
|
$ (2,441,385)
|
| Treasury stock, ending balance (in shares) at Sep. 30, 2026 |
47,039
|
|
|
|
|
47,039
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Dividends declared (in USD per share) |
$ 2.15
|
|
|
|
|
|
| Beginning balance (in shares) at Mar. 31, 2026 |
|
71,979
|
|
|
|
|
| Beginning balance at Mar. 31, 2026 |
$ 1,104,086
|
$ 719
|
1,063,941
|
2,170,071
|
(636)
|
$ (2,130,009)
|
| Treasury stock, beginning balance (in shares) at Mar. 31, 2026 |
|
|
|
|
|
46,106
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Net income |
116,372
|
|
|
116,372
|
|
|
| Net change in unrealized gain (loss) on short-term investments |
(621)
|
|
|
|
(621)
|
|
| Dividends declared |
(18,064)
|
|
420
|
(18,484)
|
|
|
| Issuance of common stock, net (in shares) |
|
9
|
|
|
|
|
| Issuance of common stock, net |
(726)
|
|
(726)
|
|
|
|
| Share-based compensation |
24,103
|
|
24,103
|
|
|
|
| Repurchase of common stock (in shares) |
|
|
|
|
|
76
|
| Repurchase of common stock |
(22,981)
|
|
|
|
|
$ (22,981)
|
| Settlement of the 2027 Hedge |
0
|
|
3
|
|
|
(3)
|
| Ending balance (in shares) at Jun. 30, 2026 |
|
71,988
|
|
|
|
|
| Ending balance at Jun. 30, 2026 |
$ 1,202,169
|
$ 719
|
1,087,741
|
2,267,959
|
(1,257)
|
$ (2,152,993)
|
| Treasury stock, ending balance (in shares) at Jun. 30, 2026 |
|
|
|
|
|
46,182
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Dividends declared (in USD per share) |
$ 0.70
|
|
|
|
|
|
| Net income |
$ 80,229
|
|
|
80,229
|
|
|
| Net change in unrealized gain (loss) on short-term investments |
(1,312)
|
|
|
|
(1,312)
|
|
| Dividends declared |
(19,324)
|
|
448
|
(19,772)
|
|
|
| Issuance of common stock, net (in shares) |
|
30
|
|
|
|
|
| Issuance of common stock, net |
(7,547)
|
$ 1
|
(7,548)
|
|
|
|
| Share-based compensation |
13,316
|
|
13,316
|
|
|
|
| Repurchase of common stock (in shares) |
|
|
|
|
|
56
|
| Repurchase of common stock |
(18,741)
|
|
|
|
|
$ (18,741)
|
| Settlement of the 2027 Notes (in shares) |
|
801
|
|
|
|
|
| Settlement of the 2027 Notes |
(391)
|
$ 8
|
(399)
|
|
|
|
| Settlement of the 2027 Hedge (in shares) |
|
|
|
|
|
801
|
| Settlement of the 2027 Hedge |
$ 3
|
|
269,654
|
|
|
$ (269,651)
|
| Ending balance (in shares) at Sep. 30, 2026 |
25,780
|
72,819
|
|
|
|
|
| Ending balance at Sep. 30, 2026 |
$ 1,248,402
|
$ 728
|
$ 1,363,212
|
$ 2,328,416
|
$ (2,569)
|
$ (2,441,385)
|
| Treasury stock, ending balance (in shares) at Sep. 30, 2026 |
47,039
|
|
|
|
|
47,039
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
| Dividends declared (in USD per share) |
$ 0.75
|
|
|
|
|
|