Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Employee Deferred Compensation Plans

The following table presents the Company’s (income) loss from investments held in employee deferred compensation trusts (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Dividend income	$	(3,802)	$	(3,055)	$	(5,522)	$	(4,995)
Realized and unrealized gains	(97,076)		(54,599)		(87,129)		(32,488)
(Income) loss from investments held in employee deferred compensation trusts (which is completely offset by related costs and expense)	$	(100,878)	$	(57,654)	$	(92,651)	$	(37,483)

The following table presents the Company’s increase in employee deferred compensation costs and expense related to changes in the fair value of trust assets for its nonqualified employee deferred compensation plans (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Increase in employee deferred compensation costs and expense related to changes in the fair value of trust assets	$	100,878	$	57,654	$	92,651	$	37,483

Schedule of Allocation of Plan Assets

The following table summarizes the Company’s financial instruments by significant category and fair value measurement on a recurring basis (in thousands):


			Fair Value Measurements Using
	Balance at June 30, 2026		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Cash equivalents
Money market funds	$	189,376	$	189,376	—	—

Employee deferred compensation trust assets
Money market funds	$	131,644	$	131,644	—	—
Mutual funds - bonds	48,915		48,915		—	—
Mutual funds - stocks	520,863		520,863		—	—
Mutual funds - blend	149,137		149,137		—	—
Total employee deferred compensation trust assets	$	850,559	$	850,559	—	—

			Fair Value Measurements Using
	Balance at December 31, 2025		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Cash equivalents
Money market funds	$	276,809	$	276,809	—	—

Employee deferred compensation trust assets
Money market funds	$	141,760	$	141,760	—	—
Mutual funds - bonds	44,496		44,496		—	—
Mutual funds - stocks	453,065		453,065		—	—
Mutual funds - blend	134,617		134,617		—	—
Total employee deferred compensation trust assets	$	773,938	$	773,938	—	—

Schedule of Accounts Receivable, Allowance for Credit Loss

The following table sets forth the activity in the allowance for credit losses from December 31, 2025, through June 30, 2026 (in thousands):


	Allowance for Credit Losses




Balance as of December 31, 2025	$	19,415
Charges to expense	2,082
Deductions	(3,208)
Other, including foreign currency translation adjustments	(246)
Balance as of June 30, 2026	$	18,043