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Stockholders' Equity | 9 Months Ended
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Sep. 30, 2024
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | Stockholders’ Equity Share Repurchase Program Effective January 2022, the board of directors of the Company authorized a $1.8 billion share repurchase program through December 2024, of which $118.8 million remains available for repurchase as of September 30, 2024. In May 2024, the board of directors authorized a new $2.0 billion share repurchase program, effective May 2024 through June 2027, all of which remains available for repurchase as of September 30, 2024. The Company's goals for the share repurchase programs are to offset the dilution created by its employee equity compensation programs over time and provide the flexibility to return capital to shareholders as business and market conditions warrant, while still preserving its ability to pursue other strategic opportunities. During the three and nine months ended September 30, 2024, the Company repurchased 1.7 million and 4.2 million shares of its common stock, respectively, for $165.8 million and $419.1 million, respectively. Stock-Based Compensation Components of total stock-based compensation included in the Company’s interim condensed consolidated statements of income for the three and nine months ended September 30, 2024 and 2023 were as follows (in thousands):
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Cost of revenue | $ | 16,566 |  |  | $ | 11,236 |  |  | $ | 45,048 |  |  | $ | 31,904 |
Research and development | 39,275 |  |  | 33,366 |  |  | 114,271 |  |  | 87,468 |
Sales and marketing | 21,076 |  |  | 17,290 |  |  | 58,863 |  |  | 48,558 |
General and administrative | 25,690 |  |  | 25,125 |  |  | 76,151 |  |  | 68,414 |
Total stock-based compensation | 102,607 |  |  | 87,017 |  |  | 294,333 |  |  | 236,344 |
Provision for income taxes | (14,322) |  |  | (10,028) |  |  | (76,403) |  |  | (40,249) |
Total stock-based compensation, net of income taxes | $ | 88,285 |  |  | $ | 76,989 |  |  | $ | 217,930 |  |  | $ | 196,095 |
In addition to the amounts of stock-based compensation reported in the table above, the Company’s interim condensed consolidated statements of income also include stock-based compensation reflected as a component of amortization primarily consisting of capitalized internal-use software; the additional stock-based compensation was $11.0 million and $31.3 million for the three and nine months ended September 30, 2024, respectively, before taxes, and $8.7 million and $24.1 million for the three and nine months ended September 30, 2023, respectively, before taxes.

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