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Income Taxes - Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Amount      
Federal statutory tax rate $ 271,625 $ 139,978 $ 81,521
State and local income taxes, net of federal effect 30,277 21,648 14,537
Tax credits      
R&D tax credit (30,509) (23,226) (35,033)
Other (19)    
Nontaxable or nondeductible items 8,186 5,328 4,489
Other adjustments (8,665) 400 (718)
Provision for income taxes $ 270,895 $ 144,128 $ 64,796
Percent      
Federal statutory tax rate 21.00% 21.00% 21.00%
State and local income taxes, net of federal effect 2.30% 3.20% 3.70%
Tax credits      
R&D tax credit (2.40%) (3.50%) (9.00%)
Nontaxable or nondeductible items 0.60% 0.80% 1.20%
Other adjustments (0.60%) 0.10% (0.20%)
Effective tax rate 20.90% 21.60% 16.70%