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Segment and Geographic Area Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | 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.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | 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 Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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