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Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation Expense Recognized to Statements of Operations
A summary of share-based compensation expense recognized in the Condensed Consolidated Statements of Operations is as follows (in thousands):
Three Months Ended
March 31,
 20242023
Cost of revenues$8,033 $8,734 
Research and development19,242 23,205 
Sales and marketing33,915 36,735 
General and administrative26,978 29,517 
Total share-based compensation expense$88,168 $98,191 
Schedule of Share-Based Compensation Expense by Award Type
A summary of share-based compensation expense by award type is as follows (in thousands):
Three Months Ended
March 31,
 20242023
Employee stock purchase plan rights (“ESPP”)$1,731 $2,251 
Performance stock units (“PSUs”) 7,001 569 
Restricted stock units (“RSUs”) 79,436 95,371 
Total share-based compensation expense$88,168 $98,191 
Schedule of RSUs Activity
A summary of activity of restricted and performance-based stock units as of March 31, 2024, and changes during the period then ended is presented in the following table:
Number of
RSUs/PSUs
Outstanding
(in thousands)
Weighted-
Average
Grant Date Fair
Value Per Share
Aggregate
Intrinsic Value
(in thousands)
Outstanding as of December 31, 202310,047 $52.47 $325,153 
Granted670 32.20 
Released(1,831)59.60 
Canceled/Forfeited(547)43.72 
Outstanding as of March 31, 20248,339 $49.85 $289,692