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Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 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
September 30,
Nine Months Ended
September 30,
 2024202320242023
Cost of revenues$7,222 $9,530 $23,138 $27,134 
Research and development19,702 24,265 57,999 70,358 
Sales and marketing34,951 37,694 101,740 114,455 
General and administrative21,784 40,193 75,730 102,586 
Total share-based compensation expense$83,659 $111,682 $258,607 $314,533 
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
September 30,
Nine Months Ended
September 30,
 2024202320242023
Employee stock purchase plan rights (“ESPP”)$1,030 $1,063 $4,733 $5,744 
Performance stock units (“PSUs”) 2,540 10,875 14,914 15,211 
Restricted stock units (“RSUs”) 80,089 99,744 238,960 293,578 
Total share-based compensation expense$83,659 $111,682 $258,607 $314,533 
Schedule of RSUs Activity
A summary of activity of restricted and performance-based stock units as of September 30, 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 
Granted6,039 36.19 
Released(4,850)53.93 
Canceled/Forfeited(1,859)41.50 
Outstanding as of September 30, 20249,377 $43.41 $296,597