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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of the Components of Total Stock-Based Compensation Expense
The following table summarizes the components of total stock-based compensation expense included in the consolidated statements of operations for the periods presented:
Years Ended December 31,
202420232022
(In thousands)
Cost of revenues$14,538 $13,357 $13,097 
Research and development85,501 88,367 69,082 
Sales and marketing65,092 65,703 78,819 
General and administrative45,962 45,430 55,804 
Restructuring267 — — 
Total$211,360 $212,857 $216,802 
Income tax benefit (expense) included in the provision for income tax$(17,958)$20,558 $45,066 
Schedule of Stock-Based Compensation Associated with Each Type of Award
The following table summarizes the various types of stock-based compensation expense for the periods presented:
Years Ended December 31,
202420232022
(In thousands)
RSUs and PSUs$205,453 $204,238 $200,295 
Employee stock purchase plan5,907 7,450 5,475 
Post combination expense — 1,169 11,032 
Total$211,360 $212,857 $216,802 
Schedule of Stock Option Activity
The following table summarizes stock option activity:
Number of
Shares
Outstanding
Weighted-
Average
Exercise Price
per Share
Weighted-
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
(1)
(In thousands)(Years)(In thousands)
Outstanding at December 31, 20212,264 $1.90 
Exercised(799)2.02 $197,334 
Canceled(1)8.82 
Outstanding at December 31, 20221,464 $1.83 
Exercised(772)1.68 $100,390 
Canceled— — 
Outstanding at December 31, 2023692 $2.01 
Exercised(687)1.79 $82,677 
Canceled— — 
Outstanding at December 31, 2024$32.80 1.2$182 
Vested and expected to vest at December 31, 2024$32.80 1.2$182 
Exercisable at December 31, 2024$32.80 1.2$182 
(1)    The intrinsic value of options exercised is based upon the value of the Company’s stock at exercise. The intrinsic value of options outstanding, vested and expected to vest, and exercisable as of December 31, 2024 is based on the closing price of the last trading day during the year ended December 31, 2024. The Company’s stock fair value used in this computation was $68.68 per share.
Schedule of Stock Option Outstanding
The following table summarizes information about stock options outstanding at December 31, 2024:
Options OutstandingOptions Exercisable
Range of Exercise PricesNumber of
Shares
Weighted-
Average
Remaining
Life
Weighted-
Average
Exercise
Price
Number of
Shares
Weighted-
Average
Exercise
Price
(In thousands)(Years)(In thousands)
$2.76 —– $2.76
2,585 0.1$2.76 2,585 $2.76 
$64.17 —– $64.17
2,475 2.364.17 2,475 64.17 
Total5,060 1.2$32.80 5,060 $32.80 
Schedule of Restricted Stock Unit Activity
The following table summarizes RSU activity:
Number of
Shares
Outstanding
Weighted-
Average
Fair Value
per Share at
Grant Date
Weighted-
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
(1)
(In thousands)(Years)(In thousands)
Outstanding at December 31, 20212,786 $100.73 
Granted1,159 228.88 
Vested(1,500)72.87 $321,274 
Canceled(192)150.02 
Outstanding at December 31, 20222,253 $181.01 
Granted1,409 154.63 
Vested(1,061)152.47 $185,078 
Canceled(269)184.66 
Outstanding at December 31, 20232,332 $177.64 
Granted1,309 101.53 
Vested(977)171.88 $107,116 
Canceled(381)160.77 
Outstanding at December 31, 20242,283 $139.27 1.4$156,758 
Expected to vest at December 31, 20242,279 $139.25 1.4$156,586 
(1)    The intrinsic value of RSUs vested is based upon the value of the Company’s stock when vested. The intrinsic value of RSUs outstanding and expected to vest as of December 31, 2024 is based on the closing price of the last trading day during the year ended December 31, 2024. The Company’s stock fair value used in this computation was $68.68 per share.
Schedule of Share-based Compensation, Performance Shares Award Outstanding Activity
The following summarizes PSU activity:
Number of
Shares
Outstanding
Weighted-
Average
Fair Value
per Share at
Grant Date
Weighted-
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
(1)
(In thousands)(Years)(In thousands)
Outstanding at December 31, 2021445 $169.82 
Granted413 195.29 
Vested(303)168.88 $51,393 
Canceled(179)171.32 
Outstanding at December 31, 2022376 $197.82 
Granted422 233.90 
Vested(380)196.24 $80,113 
Canceled(22)229.11 
Outstanding at December 31, 2023396 $235.99 
Granted724 127.06 
Vested(100)214.91 $12,958 
Canceled(121)205.51 
Outstanding at December 31, 2024899 $154.67 1.2$61,725 
Expected to vest at December 31, 2024899 $154.67 1.2$61,725 
(1)    The intrinsic value of PSUs vested is based upon the value of the Company’s stock when vested. The intrinsic value of PSUs outstanding and expected to vest as of December 31, 2024 is based on the closing price of the last trading day during the year ended December 31, 2024. The Company’s stock fair value used in this computation was $68.68 per share.
Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity
A summary of ESPP activity for the years presented is as follows (in thousands, except per share data):
Years Ended December 31,
202420232022
Proceeds from common stock issued under ESPP$11,773 $12,897 $9,570 
Shares of common stock issued185 133 90 
Weighted-average price per share$63.54 $97.05 $106.32