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STOCK-BASED COMPENSATION (Tables) | 3 Months Ended
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Mar. 31, 2025
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 condensed consolidated statements of operations for the periods presented:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024 |  |
|  |  |  |  | (In thousands)
Cost of revenues |  |  |  |  | $ | 4,239 |  |  | $ | 4,182 |  |  |
Research and development |  |  |  |  | 21,647 |  |  | 24,550 |  |  |
Sales and marketing |  |  |  |  | 16,396 |  |  | 18,178 |  |  |
General and administrative |  |  |  |  | 12,842 |  |  | 13,923 |  |  |
Restructuring |  |  |  |  | 509 |  |  | — |  |  |
Total |  |  |  |  | $ | 55,633 |  |  | $ | 60,833 |  |  |
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:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024 |  |
|  |  |  |  | (In thousands)
RSUs and PSUs |  |  |  |  | $ | 54,176 |  |  | $ | 58,787 |  |  |
ESPP |  |  |  |  | 1,457 |  |  | 2,046 |  |  |
Total |  |  |  |  | $ | 55,633 |  |  | $ | 60,833 |  |  |
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, 2024 | 2,283 |  |  | $ | 139.27 |  |  |  |  |
Granted | 615 |  |  | 65.27 |  |  |  |  |
Vested | (357) |  |  | 153.03 |  |  |  |  | $ | 21,716 |
Canceled | (158) |  |  | 140.43 |  |  |  |  |
Outstanding at March 31, 2025 | 2,383 |  |  | $ | 118.04 |  |  | 1.5 |  | $ | 147,824 |
Expected to vest at March 31, 2025 | 2,374 |  |  | $ | 117.79 |  |  | 1.5 |  | $ | 147,334 |
(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 March 31, 2025 is based on the closing price of the last trading day during the period ended March 31, 2025. The Company’s stock fair value used in this computation was $62.05 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, 2024 | 899 |  |  | $ | 154.67 |  |  |  |  |
Granted | 1,128 |  |  | 77.71 |  |  |  |  |
Vested | (175) |  |  | 110.20 |  |  |  |  | $ | 10,017 |
Canceled | (197) |  |  | 118.43 |  |  |  |  |
Outstanding at March 31, 2025 | 1,655 |  |  | $ | 111.23 |  |  | 1.8 |  | $ | 102,672 |
Expected to vest at March 31, 2025 | 1,655 |  |  | $ | 111.23 |  |  | 1.8 |  | $ | 102,672 |
(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 March 31, 2025 is based on the closing price of the last trading day during the period ended March 31, 2025. The Company’s stock fair value used in this computation was $62.05 per share.

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