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INCOME TAX (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Tax

Income before provision for income taxes was as follows:

			Years Ended December 31,
			2025						2024						2023
United States			$	387,841					$	306,402					$	196,538
Foreign			2,477						1,765						1,698
Income before income taxes			$	390,318					$	308,167					$	198,236

Schedule of Income Tax Provision on Income From Operations

Income tax provision on income from operations consists of the following:

			Years Ended December 31,
			2025						2024						2023
Current:
Federal			$	10,053					$	60,612					$	85,715
State			20,004						14,807						19,803
Foreign			807						385						503
Total current provision for taxes			30,864						75,804						106,021
Deferred
Federal			41,996						(27,089)						(63,649)
State			1,855						(3,574)						(10,055)
Total deferred provision for (benefit from) taxes			43,851						(30,663)						(73,704)
Income tax provision			$	74,715					$	45,141					$	32,317

Schedule of Reconciliation of U.s. Statutory Income Tax Rate to Effective Income Tax Expense Rate

A reconciliation of the provision for income taxes to the amount computed by applying the 21% U.S. statutory income tax rate to our effective income tax expense rate for operations after the adoption of ASU 2023-09 is as follows:

			Years Ended December 31,
			2025						%
U.S. federal statutory tax rate			$	81,967					21.0		%
State and local income taxes. net of federal income tax effect1			17,658						4.5
Foreign tax effects			287						0.1
Effect of cross-border tax laws			(121)						—
Tax credits			(18,398)						(4.7)
Nontaxable or nondeductible items
Excess tax benefits of share-based compensation			(15,047)						(3.9)
Executive compensation			4,009						1.0
Other			2,222						0.6
Changes in uncertain tax positions			2,138						0.5
Effective tax rate			$	74,715					19.1		%

A reconciliation of the provision for income taxes to the amount computed by applying the 21% U.S. statutory income tax rate to our effective income tax expense rate for operations before the adoption of ASU 2023-09 is as follows:

			Years Ended December 31,
			2024						2023
Federal income tax expense at statutory rate			$	64,715					$	41,630
State income tax, net of federal income tax benefit			8,917						6,881
Excess tax benefits of share-based compensation			(21,143)						(9,325)
Tax credits			(22,095)						(20,494)
Non-deductible business expenses			4,786						5,191
Uncertain tax positions			10,109						7,647
Other, net			(148)						787
			$	45,141					$	32,317

Schedule of Deferred Tax Assets and Liabilities

The tax effects of the major items recorded as deferred tax assets and liabilities as of December 31 are:

			2025						2024
Deferred income tax assets:
Capitalized research and experimental expenditures			$	96,038					$	157,812
Operating expenses not currently deductible			11,961						8,593
Share-based compensation and other employee benefit plans			24,842						22,095
Loss and credit carryforwards			5,349						5,836
Deferred revenue			7,516						1,670
Other			9						55
Total deferred income tax assets			145,715						196,061
Valuation allowance			(1,133)						(794)
Total deferred income tax assets, net of valuation allowance			144,582						195,267
Deferred income tax liabilities:
Intangible assets			(211,411)						(223,459)
Property and equipment			(8,794)						(5,624)
Prepaid expenses			(19,440)						(13,687)
Total deferred income tax liabilities			(239,645)						(242,770)
Net deferred income tax liabilities			$	(95,063)					$	(47,503)

Schedule of Unrecognized Tax Benefits

The following table provides a reconciliation of the gross unrecognized tax benefits from uncertain tax positions for the years ended December 31:

			2025						2024
Balance at beginning of period			$	29,755					$	20,869
Additions for tax positions of prior period			2,095						4,970
Reductions for tax positions of prior period			(103)						—
Additions for tax positions of current period			5,078						4,346
Settlements			(496)						—
Expiration of statutes of limitations			(4,190)						(430)
Balance at end of period			$	32,139					$	29,755

Schedule of Income Taxes Paid

The Company paid income taxes in the following jurisdictions as of December 31:

			2025
U.S federal taxes			$	26,007
State and local taxes
California			2,289
Other			11,825
Foreign taxes			640
Total income taxes paid			$	40,761

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