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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 157,473 $ 98,980
Short-term investments 413,805 393,690
Accounts receivable 139,563 113,648
Inventory 197,398 182,938
Other current assets 110,175 110,575
Total current assets 1,018,414 899,831
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $168,110 and $169,877 196,263 195,239
ACQUIRED TECHNOLOGY, net of accumulated amortization of $207,814 and $203,621 69,361 73,554
OTHER INTANGIBLE ASSETS, net of accumulated amortization of $12,194 and $11,842 5,094 5,446
GOODWILL 15,535 15,535
INVESTMENTS 369,027 457,593
DEFERRED INCOME TAXES 81,410 78,320
OTHER ASSETS 109,383 106,815
TOTAL ASSETS 1,864,487 1,832,333
CURRENT LIABILITIES:    
Accounts payable 28,294 36,590
Accrued expenses 35,089 46,026
Deferred revenue 22,772 33,074
Other current liabilities 26,944 9,720
Total current liabilities 113,099 125,410
DEFERRED REVENUE 2,348 537
RETIREMENT PLAN BENEFIT LIABILITY 54,867 54,450
OTHER LIABILITIES 34,841 35,411
Total liabilities 205,155 215,808
COMMITMENTS AND CONTINGENCIES (Note 18)
SHAREHOLDERS' EQUITY:    
Preferred Stock, par value $0.01 per share, 5,000,000 shares authorized, 200,000 shares of Series A Nonconvertible Preferred Stock issued and outstanding (liquidation value of $7.50 per share or $1,500) 2 2
Common Stock, par value $0.01 per share, 200,000,000 shares authorized, 48,937,424 and 48,834,541 shares issued, and 47,571,776 and 47,468,893 shares outstanding, at March 31, 2025 and December 31, 2024, respectively 489 488
Additional paid-in capital 722,275 723,719
Retained earnings 977,556 934,655
Accumulated other comprehensive income (loss) 294 (1,055)
Treasury stock, at cost (1,365,648 shares at March 31, 2025 and December 31, 2024) (41,284) (41,284)
Total shareholders’ equity 1,659,332 1,616,525
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,864,487 $ 1,832,333