v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 316,010 $ 1,015,400
Accounts receivable (less allowance for losses and sales adjustments of $26,422 at 2026 and $31,972 at 2025) 572,998 638,798
Short-term investments 30,344 81,800
Prepaid expenses 97,562 74,734
Income tax receivable 14,613 23,748
Other current assets 9,567 9,408
Total current assets 1,041,094 1,843,888
Accounts receivable, long-term 8,271 5,968
Operating lease right-of-use assets 40,454 35,602
Property and equipment, net 158,815 160,355
Other assets:    
Software development costs, net 58,836 68,371
Goodwill 2,591,709 2,590,013
Other intangibles, net 755,741 780,414
Non-current investments 51,455 60,698
Other non-current assets 92,244 93,599
Total assets 4,798,619 5,638,908
Current liabilities:    
Accounts payable 186,142 174,653
Accrued liabilities 133,257 190,693
Operating lease liabilities 10,594 9,598
Deferred revenue 709,780 780,838
Current portion of convertible senior notes due 2026, net 0 599,663
Total current liabilities 1,039,773 1,755,445
Deferred revenue, long-term 21,059 20,988
Deferred income taxes 109,210 95,063
Operating lease liabilities, long-term 37,366 33,347
Other long-term liabilities 32,978 31,276
Total liabilities 1,240,386 1,936,119
Commitments and contingencies 0 0
Shareholders' equity:    
Preferred stock, $10.00 par value; 1,000,000 shares authorized; none issued 0 0
Common stock, $0.01 par value; 100,000,000 shares authorized; 48,147,969 shares issued and outstanding as of March 31, 2026 and December 31, 2025 481 481
Additional paid-in capital 1,570,196 1,616,119
Accumulated other comprehensive loss, net of tax (279) (11)
Retained earnings 2,263,582 2,182,402
Treasury stock, at cost; 5,701,076 and 5,027,037 shares in 2026 and 2025, respectively (275,747) (96,202)
Total shareholders' equity 3,558,233 3,702,789
Total liabilities and shareholders' equity $ 4,798,619 $ 5,638,908