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Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2025

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,
															2025						2024
Cost of revenues															$	6,160					$	8,033
Research and development															17,572						19,242
Sales and marketing															35,184						33,915
General and administrative															18,965						26,978
Total share-based compensation expense															$	77,881					$	88,168

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,
															2025						2024
Employee stock purchase plan rights (“ESPP”)															$	1,404					$	1,731
Performance stock units (“PSUs”)															10,106						7,001
Restricted stock units (“RSUs”)															66,371						79,436
Total share-based compensation expense															$	77,881					$	88,168

Schedule of RSUs Activity

A summary of activity of restricted and performance-based stock units as of March 31, 2025, 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, 2024			8,306						$	42.09					$	290,799
Granted			743						33.87
Released			(1,620)						48.16
Canceled/Forfeited			(559)						37.21
Outstanding as of March 31, 2025			6,870						$	40.17					$	170,122

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- 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

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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

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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

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