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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 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
June 30,
Six Months Ended
June 30,
2025202420252024
(In thousands)
Cost of revenues$4,311 $3,730 $8,550 $7,912 
Research and development20,481 20,210 42,128 44,760 
Sales and marketing16,657 16,784 33,053 34,962 
General and administrative12,368 12,033 25,210 25,956 
Restructuring79 — 588 — 
Total$53,896 $52,757 $109,529 $113,590 
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
June 30,
Six Months Ended
June 30,
2025202420252024
(In thousands)
RSUs and PSUs$52,666 $51,320 $106,842 $110,107 
ESPP1,230 1,437 2,687 3,483 
Total$53,896 $52,757 $109,529 $113,590 
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, 20242,283 $139.27 
Granted724 62.81 
Vested(542)156.01 $31,051 
Canceled(228)137.59 
Outstanding at June 30, 20252,237 $110.63 1.4$88,675 
Expected to vest at June 30, 20252,236 $110.62 1.4$88,672 
(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 June 30, 2025 is based on the closing price of the last trading day during the period ended June 30, 2025. The Company’s stock fair value used in this computation was $39.65 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, 2024899 $154.67 
Granted1,128 77.71 
Vested(175)110.20 $10,017 
Canceled(209)119.94 
Outstanding at June 30, 20251,643 $110.98 1.6$65,127 
Expected to vest at June 30, 20251,643 $110.98 1.6$65,127 
(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 June 30, 2025 is based on the closing price of the last trading day during the period ended June 30, 2025. The Company’s stock fair value used in this computation was $39.65 per share.