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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 242,075 $ 222,079 $ 203,011
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 28,389 25,940 27,409
Impairment of property and equipment and right-of-use asset due to OVJP restructuring 1,577 7,498 0
Amortization of intangibles 18,198 18,200 15,993
Investment gains, net (8,765) (7,399) (11,603)
Stock-based compensation 28,227 30,032 24,109
Deferred income tax benefit (1,036) (19,117) (3,766)
Retirement plan expense, net of benefit payments 1,694 1,808 3,129
Decrease (increase) in assets:      
Accounts receivable (6,305) 26,202 (47,186)
Inventory (57,974) (7,143) 7,425
Other current assets (3,261) (23,210) (41,574)
Other assets (23,694) (2,968) 4,450
Increase (decrease) in liabilities:      
Accounts payable and accrued expenses 2,114 10,357 4,047
Other current liabilities (441) 1,269 (21,481)
Deferred revenue (10,657) (26,108) (4,159)
Other liabilities 689 (3,700) (5,027)
Net cash provided by operating activities 210,830 253,740 154,777
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment (56,470) (42,637) (59,792)
Purchase of intangibles (10,000) 0 (66,563)
Purchases of investments (375,506) (594,848) (531,103)
Proceeds from sale and maturity of investments 396,500 473,075 574,165
Net cash used in investing activities (45,476) (164,410) (83,293)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock 2,020 2,220 2,012
Repurchase of common stock (32,881) 0 0
Payment of withholding taxes related to stock-based compensation to employees (9,571) (8,386) (8,206)
Cash dividends paid (85,549) (76,169) (66,735)
Net cash used in financing activities (125,981) (82,335) (72,929)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 39,373 6,995 (1,445)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 98,980 91,985 93,430
CASH AND CASH EQUIVALENTS, END OF YEAR $ 138,353 $ 98,980 $ 91,985