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Segment Reporting | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Reporting Disclosure | Segment Information The Company has one reportable segment that includes all the operations of the business. The segment’s chief operating decision maker is the Executive Chairman, President, and Chief Executive Officer. The chief operating decision maker assesses performance and decides how to allocate resources based on revenues, operating income and net income as reported on the Consolidated Statement of Comprehensive Income. Revenues, operating income and net income are used to evaluate budget versus actual results and the overall return generated by the segment assets. The analysis of these financial results, among other metrics, is used to assess performance and drives employee incentive compensation, as well as executive compensation. The following table presents information about segment revenues, significant expenses and profits:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (In millions)
Revenues | $ | 1,557.4 |  |  | $ | 1,493.1 |  |  | $ | 1,424.9 |
Costs and expenses: |  |  |  |  |
Compensation and benefits expenses | 224.7 |  |  | 214.5 |  |  | 200.8 |
Stock-based compensation expenses | 61.1 |  |  | 59.7 |  |  | 58.6 |
Equipment and software expenses | 45.6 |  |  | 42.1 |  |  | 40.2 |
Registry fee expenses | 45.3 |  |  | 44.1 |  |  | 48.5 |
Depreciation expenses | 36.9 |  |  | 44.1 |  |  | 46.9 |
Other segment items | 85.6 |  |  | 88.0 |  |  | 86.8 |
Total costs and expenses | 499.2 |  |  | 492.5 |  |  | 481.8 |
Operating Income | 1,058.2 |  |  | 1,000.6 |  |  | 943.1 |
Interest expense | (75.3) |  |  | (75.3) |  |  | (75.3) |
Non-operating income, net | 39.0 |  |  | 51.2 |  |  | 12.4 |
Income tax expense | (236.2) |  |  | (158.9) |  |  | (206.4) |
Net income | $ | 785.7 |  |  | $ | 817.6 |  |  | $ | 673.8 |
Other segment items that are a part of our segment net income include professional services expenses, telecommunication expenses, legal expenses, occupancy expenses, marketing expenses, and travel expenses.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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