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Stockholders' Equity
9 Months Ended
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,
2024202320242023
Cost of revenue$16,566 $11,236 $45,048 $31,904 
Research and development39,275 33,366 114,271 87,468 
Sales and marketing21,076 17,290 58,863 48,558 
General and administrative25,690 25,125 76,151 68,414 
Total stock-based compensation102,607 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.