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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 35,896 $ 64,444
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 7,563 6,548
Amortization of intangibles 5,588 4,545
Investment losses (gains), net 2,086 (1,471)
Impairment of minority investments 415 0
Stock-based compensation 7,554 7,076
Deferred income tax expense (benefit) 3 (3,091)
Retirement plan expense, net of benefit payments 375 423
Decrease (increase) in assets:    
Accounts receivable 26,324 (25,915)
Inventory (7,301) (14,460)
Other current assets 39,808 400
Other assets (483) (2,568)
Increase (decrease) in liabilities:    
Accounts payable and accrued expenses (15,362) (13,408)
Other current liabilities 8,291 16,867
Deferred revenue (188) (8,491)
Other liabilities (1,693) (337)
Net cash provided by operating activities 108,876 30,562
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (8,605) (13,059)
Purchase of intangibles (40,000) 0
Purchases of investments (116,009) (38,772)
Proceeds from sale and maturity of investments 174,483 110,000
Net cash provided by investing activities 9,869 58,169
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 578 579
Repurchases of common stock (67,119) 0
Payment of withholding taxes related to stock-based compensation to employees (7,738) (9,398)
Cash dividends paid (23,467) (21,419)
Net cash used in financing activities (97,746) (30,238)
INCREASE IN CASH AND CASH EQUIVALENTS 20,999 58,493
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 138,353 98,980
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 159,352 $ 157,473