v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Balance at Dec. 31, 2022 $ 4,962,566 $ 1,389 $ 4,257,667 $ 703,510
Balance, shares at Dec. 31, 2022   138,864    
Vesting of restricted stock units   $ 7 (7)  
Vesting of restricted stock units, shares   687    
Stock-based compensation expense 11,026   11,026  
Repurchase of common stock [1] $ (627,608) $ (75)   (627,533)
Repurchase of common stock, shares (7,500) (7,546) [1]    
Exercise of stock options $ 315   315  
Exercise of stock options, shares   38    
Shares withheld for restricted stock units vested (22,853) $ (3) (22,850)  
Shares withheld for restricted stock units vested, shares   (276)    
Net income 333,786     333,786
Balance at Mar. 31, 2023 4,657,232 $ 1,318 4,246,151 409,763
Balance, shares at Mar. 31, 2023   131,767    
Balance at Dec. 31, 2022 4,962,566 $ 1,389 4,257,667 703,510
Balance, shares at Dec. 31, 2022   138,864    
Net income 1,189,862      
Balance at Sep. 30, 2023 4,580,685 $ 1,234 4,261,107 318,344
Balance, shares at Sep. 30, 2023   123,400    
Balance at Mar. 31, 2023 4,657,232 $ 1,318 4,246,151 409,763
Balance, shares at Mar. 31, 2023   131,767    
Vesting of restricted stock units   $ 3 (3)  
Vesting of restricted stock units, shares   319    
Stock-based compensation expense 12,395   12,395  
Repurchase of common stock [1] $ (722,695) $ (70)   (722,625)
Repurchase of common stock, shares (7,000) (6,970) [1]    
Exercise of stock options $ 157   157  
Exercise of stock options, shares   16    
Shares withheld for restricted stock units vested (9,648) $ (1) (9,647)  
Shares withheld for restricted stock units vested, shares   (100)    
Net income 404,619     404,619
Balance at Jun. 30, 2023 4,342,060 $ 1,250 4,249,053 91,757
Balance, shares at Jun. 30, 2023   125,032    
Vesting of restricted stock units, shares   6    
Stock-based compensation expense 12,128   12,128  
Repurchase of common stock [1] $ (224,886) $ (16)   (224,870)
Repurchase of common stock, shares (1,700) (1,651) [1]    
Exercise of stock options $ 134   134  
Exercise of stock options, shares   14    
Shares withheld for restricted stock units vested (208)   (208)  
Shares withheld for restricted stock units vested, shares   (1)    
Net income 451,457     451,457
Balance at Sep. 30, 2023 4,580,685 $ 1,234 4,261,107 318,344
Balance, shares at Sep. 30, 2023   123,400    
Balance at Dec. 31, 2023 $ 4,732,351 $ 1,219 4,270,948 460,184
Balance, shares at Dec. 31, 2023 121,857 121,857    
Vesting of restricted stock units   $ 4 (4)  
Vesting of restricted stock units, shares   438    
Stock-based compensation expense $ 16,900   16,900  
Repurchase of common stock [2] $ (19,600) $ (1)   (19,599)
Repurchase of common stock, shares (100) (97) [2]    
Exercise of stock options $ 151   151  
Exercise of stock options, shares   21    
Shares withheld for restricted stock units vested (31,876) $ (3) (31,873)  
Shares withheld for restricted stock units vested, shares   (169)    
Net income 258,781     258,781
Balance at Mar. 31, 2024 4,956,708 $ 1,220 4,256,122 699,366
Balance, shares at Mar. 31, 2024   122,049    
Balance at Dec. 31, 2023 $ 4,732,351 $ 1,219 4,270,948 460,184
Balance, shares at Dec. 31, 2023 121,857 121,857    
Net income $ 887,654      
Balance at Sep. 30, 2024 $ 4,446,673 $ 1,156 4,266,561 178,956
Balance, shares at Sep. 30, 2024 115,557 115,557    
Balance at Mar. 31, 2024 $ 4,956,708 $ 1,220 4,256,122 699,366
Balance, shares at Mar. 31, 2024   122,049    
Vesting of restricted stock units   $ 3 (3)  
Vesting of restricted stock units, shares   351    
Stock-based compensation expense 16,726   16,726  
Repurchase of common stock [2] $ (989,608) $ (58)   (989,550)
Repurchase of common stock, shares (5,800) (5,821) [2]    
Exercise of stock options $ 28   28  
Exercise of stock options, shares   2    
Shares withheld for restricted stock units vested (23,302) $ (1) (23,301)  
Shares withheld for restricted stock units vested, shares   (130)    
Net income 344,090     344,090
Balance at Jun. 30, 2024 4,304,642 $ 1,164 4,249,572 53,906
Balance, shares at Jun. 30, 2024   116,451    
Vesting of restricted stock units, shares   7    
Stock-based compensation expense 17,259   17,259  
Repurchase of common stock [2] $ (159,741) $ (8)   (159,733)
Repurchase of common stock, shares (900) (904) [2]    
Exercise of stock options $ 66   66  
Exercise of stock options, shares   5    
Shares withheld for restricted stock units vested (336)   (336)  
Shares withheld for restricted stock units vested, shares   (2)    
Net income 284,783     284,783
Balance at Sep. 30, 2024 $ 4,446,673 $ 1,156 $ 4,266,561 $ 178,956
Balance, shares at Sep. 30, 2024 115,557 115,557    
[1] During the three months ended March 31, 2023, June 30, 2023, and September 30, 2023, we repurchased and retired 7.5 million shares, 7.0 million shares and 1.7 million shares of our common stock for $627.6 million, $722.7 million, and $224.9 million, inclusive of applicable fees and taxes, at an average price of $83.17, $103.68 and $136.22 per share, respectively.
[2] During the three months ended March 31, 2024, June 30, 2024, and September 30, 2024, we repurchased and retired 0.1 million shares, 5.8 million shares, and 0.9 million shares of our common stock for $19.6 million, $989.6 million, and $159.7 million, inclusive of applicable fees and taxes, at an average price of $202.67, $170.01, and $176.73 per share, respectively.