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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 1,156,162 $ 1,148,320
Accounts receivable, less allowance for credit loss of $7,575 at June 30, 2025 and $6,878 at December 31, 2024 2,005,094 1,997,840
Deferred contract costs 309,371 349,343
Other 180,949 164,272
Total current assets 3,651,576 3,659,775
Property and equipment, less accumulated depreciation and amortization of $651,685 at June 30, 2025 and $615,533 at December 31, 2024 469,714 449,404
Operating lease right-of-use assets 565,367 551,652
Goodwill 7,927 7,927
Deferred federal and state income taxes, net 75,943 70,671
Other assets, net 15,954 15,029
Total assets 4,786,481 4,754,458
Current Liabilities:    
Accounts payable 1,118,283 1,036,749
Accrued liabilities, primarily salaries and related costs 468,426 451,921
Contract liabilities 385,414 441,927
Current portion of operating lease liabilities 113,626 106,736
Federal, state and foreign income taxes 30,525 29,140
Total current liabilities 2,116,274 2,066,473
Noncurrent portion of operating lease liabilities 472,924 462,201
Commitments and contingencies
Shareholders’ Equity:    
Common stock, par value $0.01 per share. Issued and outstanding: 135,134 at June 30, 2025 and 138,003 at December 31, 2024 1,351 1,380
Additional paid-in capital 0 0
Retained earnings 2,380,278 2,455,132
Accumulated other comprehensive loss (186,275) (233,500)
Total shareholders’ equity 2,195,354 2,223,012
Noncontrolling interest 1,929 2,772
Total equity 2,197,283 2,225,784
Total liabilities and equity $ 4,786,481 $ 4,754,458