NET INCOME PER SHARE (Tables)

9 Months Ended

Sep. 30, 2026

Schedule of Computation of Basic and Diluted Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share for the periods presented (in thousands, except per-share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Numerator:
Net income	$	271,067	$	179,766	$	721,591	$	449,827

Denominator:
Weighted-average outstanding shares—basic	49,052		47,898		49,097		47,879
Effect of dilutive securities	132		144		133		143
Weighted-average outstanding shares—diluted	49,184		48,042		49,230		48,022

Net income per share:
Basic	$	5.53	$	3.75	$	14.70	$	9.40
Diluted	$	5.51	$	3.74	$	14.66	$	9.37