XML 47 R36.htm IDEA: XBRL DOCUMENT
v3.25.3

STOCK-BASED COMPENSATION (Tables) | 9 Months Ended
--- | ---
Sep. 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 September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024 |  |
| (In thousands)
Cost of revenues | $ | 4,105 |  |  | $ | 2,948 |  |  | $ | 12,655 |  |  | $ | 10,860 |  |  |
Research and development | 20,488 |  |  | 19,790 |  |  | 62,616 |  |  | 64,550 |  |  |
Sales and marketing | 14,493 |  |  | 14,237 |  |  | 47,546 |  |  | 49,199 |  |  |
General and administrative | 12,383 |  |  | 8,965 |  |  | 37,593 |  |  | 34,921 |  |  |
Restructuring | — |  |  | — |  |  | 588 |  |  | — |  |  |
Total | $ | 51,469 |  |  | $ | 45,940 |  |  | $ | 160,998 |  |  | $ | 159,530 |  |  |
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 September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024 |  |
| (In thousands)
RSUs and PSUs | $ | 50,138 |  |  | $ | 44,727 |  |  | $ | 156,980 |  |  | $ | 154,834 |  |  |
ESPP | 1,331 |  |  | 1,213 |  |  | 4,018 |  |  | 4,696 |  |  |
Total | $ | 51,469 |  |  | $ | 45,940 |  |  | $ | 160,998 |  |  | $ | 159,530 |  |  |
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 |  |  |  | Aggregate Intrinsic Value (1)
| (In thousands) |  |  |  |  |  | (In thousands)
Outstanding at December 31, 2024 | 2,283 |  |  | $ | 139.27 |  |  |  |  |
Granted | 843 |  |  | 59.23 |  |  |  |  |
Vested | (704) |  |  | 154.69 |  |  |  |  | $ | 36,610 |
Canceled | (295) |  |  | 131.70 |  |  |  |  |
Outstanding at September 30, 2025 | 2,127 |  |  | $ | 103.49 |  |  |  |  | $ | 75,260 |
Expected to vest at September 30, 2025 | 2,127 |  |  | $ | 103.49 |  |  |  |  | $ | 75,260 |
(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 September 30, 2025 is based on the closing price of the last trading day during the period ended September 30, 2025. The Company’s stock fair value used in this computation was $35.39 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 |  |  |  | Aggregate Intrinsic Value (1)
| (In thousands) |  |  |  |  |  | (In thousands)
Outstanding at December 31, 2024 | 899 |  |  | $ | 154.67 |  |  |  |  |
Granted | 1,128 |  |  | 77.71 |  |  |  |  |
Vested | (175) |  |  | 110.20 |  |  |  |  | $ | 10,017 |
Canceled | (220) |  |  | 119.53 |  |  |  |  |
Outstanding at September 30, 2025 | 1,632 |  |  | $ | 110.98 |  |  |  |  | $ | 57,758 |
Expected to vest at September 30, 2025 | 1,632 |  |  | $ | 110.98 |  |  |  |  | $ | 57,758 |
(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 September 30, 2025 is based on the closing price of the last trading day during the period ended September 30, 2025. The Company’s stock fair value used in this computation was $35.39 per share.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for outstanding performance shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ShareBasedCompensationPerformanceSharesAwardOutstandingActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration