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UNAUDITED QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Consolidated Financial Information
 For the Quarter Ended
 March 31, 2021June 30, 2021September 30, 2021December 31, 2021
 (in thousands, except per share data)
Revenues$460,098 $640,773 $625,919 $586,626 
Gross profit253,219 395,181 399,796 372,024 
Income from operations
124,686 195,322 203,068 159,988 
Net income (1)
98,398 318,954 153,489 154,853 
Basic income per common share (2)
$1.50 $5.02 $2.47 $2.63 
Diluted income per common share (2)
$1.47 $4.93 $2.42 $2.57 
(1) During the three months ended June 30, 2021, a jurisdiction for which we have historically recorded significant valuation allowances enacted a favorable change in the tax law related to net operating loss carryforwards. This change in tax law impacted the assessment of valuation allowances in the jurisdiction. This resulted in a $176.9 million discrete tax benefit for the release of valuation allowances resulting from the enactment of this tax law change.
(2) Basic and diluted income per common share are computed independently for each of the quarters presented. Therefore, the sum of the quarters may not equal the annual amounts presented in the consolidated statements of operations.
 For the Quarter Ended
 March 31, 2020June 30, 2020September 30, 2020December 31, 2020
 (in thousands, except per share data)
Revenues$281,160 $331,549 $361,736 $411,506 
Gross profit134,162 179,933 206,769 229,084 
Income from operations
20,812 56,595 72,086 64,631 
Net income (1)
11,091 56,551 61,889 183,330 
Basic income (loss) per common share (2)
$0.16 $0.84 $0.92 $2.75 
Diluted income (loss) per common share (2)
$0.16 $0.83 $0.91 $2.69 
(1) During the three months ended December 31, 2020, we completed an intra-entity transfer of certain intellectual property rights, resulting in the recognition of a $127.7 million tax benefit. See Note 13 — Income Taxes for more information. Additionally, in the three months ended December 31, 2020, we recorded an impairment for a retail location in New York City of $20.0 million and for our former corporate headquarters of $1.1 million.
(2) Basic and diluted income per common share are computed independently for each of the quarters presented. Therefore, the sum of the quarters may not equal the annual amounts presented in the consolidated statements of operations. Additionally, for the three months ended December 31, 2020, basic and diluted income per common share include the impact of the repurchase of 1.7 million shares of our common stock for $131.7 million, including a $125.0 million ASR, as described in more detail in Note 10 — Equity.