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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Net income before provision for (benefit from) income taxes consists of the following (in thousands):

						Year Ended December 31,
						2023						2022						2021
Domestic						$	315,643					$	268,097					$	378,478
Foreign						325,561						330,960						633,945
Net income before provision for (benefit from) income taxes						$	641,204					$	599,057					$	1,012,423

Schedule of Components of Income Tax Expense (Benefit)

The provision for (benefit from) income taxes consists of the following (in thousands):

						Year Ended December 31,
						2023						2022						2021
Federal
Current						$	134,332					$	188,050					$	157,383
Deferred						(16,805)						(55,579)						(25,598)
						117,527						132,471						131,785
State
Current						28,535						34,621						28,365
Deferred						(3,157)						(12,265)						(5,860)
						25,378						22,356						22,505
Foreign
Current						51,306						56,537						42,681
Deferred						1,940						26,120						43,432
						53,246						82,657						86,113
Provision for (benefit from) income taxes						$	196,151					$	237,484					$	240,403

Schedule of Effective Income Tax Rate Reconciliation

The differences between income taxes using the federal statutory income tax rate for the year ended December 31, 2023, 2022 and 2021 and our effective tax rates are as follows: 

						Year Ended December 31,
						2023						2022						2021
U.S. federal statutory income tax rate						21.0		%				21.0		%				21.0		%
State income taxes, net of federal tax benefit						2.9						3.7						2.2
U.S. tax on foreign earnings						3.7						5.6						2.5
Impact of differences in foreign tax rates						1.4						3.3						(2.0)
Stock-based compensation						3.0						2.1						(0.3)
Settlement on audits						0.1						1.9						—
Change in valuation allowance						(1.3)						1.7						1.1
Other items not individually material						(0.2)						0.3						(0.8)
Effective tax rate						30.6		%				39.6		%				23.7		%

Schedule of Deferred Tax Assets and Liabilities

As of December 31, 2023 and 2022, the significant components of our deferred tax assets and liabilities are (in thousands):

						December 31,
						2023						2022
Deferred tax assets:
Net operating loss and capital loss carryforwards						$	1,389					$	15,380
Reserves and accruals						62,891						32,759
Stock-based compensation						25,054						19,469
Deferred revenue						142,082						117,039
Capitalized research & development						41,505						54,293
Amortizable tax basis in intangibles						1,325,236						1,350,434
Other						13,228						16,645
Deferred tax assets before valuation allowance						1,611,385						1,606,019
Valuation allowance						(14,991)						(23,286)
Total deferred tax assets						1,596,394						1,582,733
Deferred tax liabilities:
Depreciation and amortization						7,814						11,407
Acquisition-related intangibles						25,097						26,008
Other						3,570						3,438
Total deferred tax liabilities						36,481						40,853
Net deferred tax assets						1,559,913						1,541,880

Schedule of Unrecognized Tax Benefits Rollforward

The changes in the balance of gross unrecognized tax benefits, which exclude interest and penalties, for the year ended December 31, 2023, 2022 and 2021, are as follows (in thousands):

						Year Ended December 31,
						2023						2022						2021
Gross unrecognized tax benefits at January 1,						$	141,560					$	63,295					$	46,320
Increases related to tax positions taken during the current year						8,616						84,249						27,710
Increases related to tax positions taken during a prior year						5,647						15,411						5,471
Decreases related to tax positions taken during a prior year						(533)						(2,647)						(5,804)
Decreases related to expiration of statute of limitations						(3,654)						(4,582)						(8,986)
Decreases related to settlement with tax authorities						(2,464)						(14,166)						(1,416)
Gross unrecognized tax benefits at December 31,						$	149,172					$	141,560					$	63,295

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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