v3.26.3
SEGMENT REPORTING (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Performance
The following tables are a summary of reportable segment performance with Other to reconcile to our consolidated results for the three months ended September 30, 2026 and 2025:

(in thousands)For the Three Months Ended September 30, 2026
CAGWaterLPDTotal
Total revenue from reportable segments$1,115,968 $58,836 $34,828 $1,209,632 
Reconciliation of revenue
Other revenue4,605 
Total revenue$1,214,237 
Cost of revenue from reportable segments414,623 16,122 16,518 
Segment gross profit$701,345 $42,714 $18,310 $762,369 
Reconciliation of operating profit (segment profit)
Segment gross profit$762,369 
Segment operating expenses(361,393)
Other operating profit (excluding unallocated amounts)560 
Unallocated amounts
Foreign currency transaction gains (losses)812 
Non-operating income (expense)(3,023)
Income before provision for income taxes$399,325 

(in thousands)For the Three Months Ended September 30, 2025
CAGWaterLPDTotal
Total revenue from reportable segments$1,012,534 $54,297 $33,944 $1,100,775 
Reconciliation of revenue
Other revenue4,464 
Total revenue$1,105,239 
Cost of revenue from reportable segments385,078 16,240 17,999 
Segment gross profit$627,456 $38,057 $15,945 $681,458 
Reconciliation of operating profit (segment profit)
Segment gross profit$681,458 
Segment operating expenses(326,101)
Other operating profit (excluding unallocated amounts)1,076 
Unallocated amounts
Foreign currency transaction gains (losses)(1,587)
Non-operating income (expense)(10,075)
Income before provision for income taxes$344,771 
The following tables are a summary of reportable segment performance with Other to reconcile to our consolidated results for the nine months ended September 30, 2026 and 2025:

(in thousands)For the Nine Months Ended September 30, 2026
CAGWaterLPDTotal
Total revenue from reportable segments$3,288,256 $167,665 $102,492 $3,558,413 
Reconciliation of revenue
Other revenue13,229 
Total revenue$3,571,642 
Cost of revenue from reportable segments1,203,615 44,816 48,621 
Segment gross profit$2,084,641 $122,849 $53,871 $2,261,361 
Reconciliation of operating profit (segment profit)
Segment gross profit$2,261,361 
Segment operating expenses(1,071,903)
Other operating profit (excluding unallocated amounts)920 
Unallocated amounts
Foreign currency transaction gains (losses)122 
Non-operating income (expense)(18,509)
Income before provision for income taxes$1,171,991 

(in thousands)For the Nine Months Ended September 30, 2025
CAGWaterLPDTotal
Total revenue from reportable segments$2,954,813 $150,619 $94,302 $3,199,734 
Reconciliation of revenue
Other revenue13,389 
Total revenue$3,213,123 
Cost of revenue from reportable segments1,110,432 44,978 49,063 
Segment gross profit$1,844,381 $105,641 $45,239 $1,995,261 
Reconciliation of operating profit (segment profit)
Segment gross profit$1,995,261 
Segment operating expenses(951,193)
Other operating profit (excluding unallocated amounts)3,184 
Unallocated amounts
Foreign currency transaction gains (losses)(2,826)
Non-operating income (expense)(27,219)
Income before provision for income taxes$1,017,207