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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Treasury shares
Common stock held in treasury
Additional paid-in capital
Accumulated other comprehensive income
Retained deficit
Beginning balance at Dec. 31, 2023 $ 3,765,551 $ 2,658   $ (448,681) $ 5,879,705 $ 647 $ (1,668,778)
Beginning balance Shares at Dec. 31, 2023   265,756,000 (24,716,000)        
Issuance of common stock (22,413) $ 15   0 (22,428) 0 0
Issuance of common stock, shares   1,547,000          
Issuance of common stock upon vesting of PSUs 0 $ 0   0 361 0 (361)
Issuance of common stock upon vesting of PSUs, shares   7,000          
Stock-based compensation expense 10,979 $ 0   0 10,979 0 0
Dividends (19,473)           (19,473)
Other comprehensive loss (15) 0   0 0 (15) 0
Net income 92,138 0   0 0 0 92,138
Ending balance at Mar. 31, 2024 3,826,767 $ 2,673   (448,681) 5,868,617 632 (1,596,474)
Ending balance Shares at Mar. 31, 2024   267,310,000 (24,716,000)        
Beginning balance at Dec. 31, 2023 3,765,551 $ 2,658   (448,681) 5,879,705 647 (1,668,778)
Beginning balance Shares at Dec. 31, 2023   265,756,000 (24,716,000)        
Net income 120,842            
Ending balance at Jun. 30, 2024 3,861,028 $ 2,674   (458,880) 5,904,003 616 (1,587,385)
Ending balance Shares at Jun. 30, 2024   267,419,000 (25,021,000)        
Beginning balance at Mar. 31, 2024 3,826,767 $ 2,673   (448,681) 5,868,617 632 (1,596,474)
Beginning balance Shares at Mar. 31, 2024   267,310,000 (24,716,000)        
Issuance of common stock 25,827 $ 1   0 25,826 0 0
Issuance of common stock, shares   109,000          
Stock-based compensation expense 9,560 $ 0   0 9,560 0 0
Dividends (19,615) 0   0 0 0 (19,615)
Treasury stock repurchased (10,199) 0   (10,199) 0 0 0
Treasury stock repurchased, shares     (305,000)        
Other comprehensive loss (16) 0   0 0 (16) 0
Net income 28,704 0   0 0 0 28,704
Ending balance at Jun. 30, 2024 3,861,028 $ 2,674   (458,880) 5,904,003 616 (1,587,385)
Ending balance Shares at Jun. 30, 2024   267,419,000 (25,021,000)        
Beginning balance at Dec. 31, 2024 $ 3,936,657 $ 2,674   (513,941) 5,927,893 611 (1,480,580)
Beginning balance Shares at Dec. 31, 2024 267,435,419 267,435,000 (26,766,000)        
Issuance of common stock $ (16,345) $ 11   0 (16,356) 0 0
Issuance of common stock, shares   1,047,000          
Issuance of common stock upon vesting of PSUs 0 $ 0   0 350 0 (350)
Issuance of common stock upon vesting of PSUs, shares   6,000          
Stock-based compensation expense 11,644 $ 0   0 11,644 0 0
Dividends (21,752)           (21,752)
Treasury stock repurchased (67,477) 0   (67,477) 0 0 0
Treasury stock repurchased, shares     (1,826,000)        
Excise tax on stock repurchases (404) 0   (404) 0 0 0
Other comprehensive loss (14) 0   0 0 (14) 0
Net income 97,052 0   0 0 0 97,052
Ending balance at Mar. 31, 2025 3,939,361 $ 2,685   (581,822) 5,923,531 597 (1,405,630)
Ending balance Shares at Mar. 31, 2025   268,488,000 (28,592,000)        
Beginning balance at Dec. 31, 2024 $ 3,936,657 $ 2,674   (513,941) 5,927,893 611 (1,480,580)
Beginning balance Shares at Dec. 31, 2024 267,435,419 267,435,000 (26,766,000)        
Net income $ 334,630            
Ending balance at Jun. 30, 2025 $ 4,126,694 $ 2,686   (635,181) 5,948,260 582 (1,189,653)
Ending balance Shares at Jun. 30, 2025 268,553,027 268,553,000 (30,045,000)        
Beginning balance at Mar. 31, 2025 $ 3,939,361 $ 2,685   (581,822) 5,923,531 597 (1,405,630)
Beginning balance Shares at Mar. 31, 2025   268,488,000 (28,592,000)        
Issuance of common stock 13,822 $ 1   0 13,821 0 0
Issuance of common stock, shares   65,000          
Stock-based compensation expense 10,947 $ 0   0 10,947 0 0
Dividends (21,601) 0   0 0 0 (21,601)
Treasury stock issuance - Rabbi Trust 0 0   39 (39) 0 0
Treasury stock issuance - Rabbi Trust, shares     1,000        
Treasury stock repurchased $ (52,881) 0   (52,881) 0 0 0
Treasury stock repurchased, shares 1,500,000   (1,454,000)        
Excise tax on stock repurchases $ (517) 0   (517) 0 0 0
Other comprehensive loss (15) 0   0 0 (15) 0
Net income 237,578 0   0 0 0 237,578
Ending balance at Jun. 30, 2025 $ 4,126,694 $ 2,686   $ (635,181) $ 5,948,260 $ 582 $ (1,189,653)
Ending balance Shares at Jun. 30, 2025 268,553,027 268,553,000 (30,045,000)