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Segment and Geographic Area Information | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Segment and Geographic Area Information | Segment and Geographic Area Information Under ASC 280 Segment Reporting, operating segments are defined as components of an entity about which separate financial information is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company operates in one operating segment and has only one reportable segment. The Company’s chief operating decision maker is the Chief Executive Officer, who makes operating decisions, assesses performance and allocates resources on a consolidated basis. All of the Company’s principal operations and decision-making functions are located in the United States. The key measure of segment profit or loss that the CODM uses to allocate resources and in assessing performance is the Company’s consolidated net income, as reported on the Condensed Consolidated Statements of Operations. The CODM uses net income to monitor actual results against budgeted and prior period operating results for the purpose of evaluating operational efficiency, and to evaluate income generated from the assets in making strategic decisions on organizational resource allocation, as well as to benchmark segment performance against industry competitors. The CODM manages the business using consolidated expense information. The following table sets forth the Company's reported segment revenue, segment profit or loss, and significant segment expenses:
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
| (in thousands)
Revenues | $ | 159,899 |  |  | $ | 145,805 |  |  |  |  |
Less: Significant segment expenses |  |  |  |  |  |  |
Cost of revenues (exclusive of stock-based compensation and amortization of intangible assets) | 26,196 |  |  | 24,431 |  |  |  |  |
Research and development (exclusive of stock-based compensation and amortization of intangible assets) | 24,050 |  |  | 22,202 |  |  |  |  |
Sales and marketing (exclusive of stock-based compensation) | 29,460 |  |  | 25,669 |  |  |  |  |
General and administrative (exclusive of stock-based compensation) | 8,978 |  |  | 8,939 |  |  |  |  |
Add: Other segment items (1) | 317 |  |  | (1,399) |  |  |  |  |
Less: Stock-based compensation | 18,820 |  |  | 19,031 |  |  |  |  |
Less: Amortization of intangible assets | 640 |  |  | 772 |  |  |  |  |
Add: Interest income | 6,235 |  |  | 6,123 |  |  |  |  |
Less: Income tax provision | 10,773 |  |  | 9,754 |  |  |  |  |
Condensed consolidated net income | $ | 47,534 |  |  | $ | 39,731 |  |  |  |  |
(1)Other segment items included in segment net income includes interest expense, realized and unrealized gain/loss on foreign exchange transactions. Revenue by geographic area, based on the customer's billing address, is as follows:
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
| (in thousands) |  |
United States | $ | 91,227 |  |  | $ | 86,436 |  |  |  |  |
Foreign | 68,672 |  |  | 59,369 |  |  |  |  |
Total revenues | $ | 159,899 |  |  | $ | 145,805 |  |  |  |  |
The measure of segment assets is reported on the balance sheet as total consolidated assets. Long-lived assets, which consist of Property and equipment, net and Operating leases - right of use asset, by geographic area, are as follows:
| March 31, 2025 |  | December 31, 2024
| (in thousands)
United States | $ | 46,947 |  |  | $ | 47,916 |
India | 20,458 |  |  | 21,076 |
Rest of world | 2,174 |  |  | 2,325 |
Total long-lived assets | $ | 69,579 |  |  | $ | 71,317 |

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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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