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SUPPLEMENTAL FINANCIAL INFORMATION
STOCK-BASED COMPENSATION EXPENSE (Unaudited, in thousands) | ||||||||||||||||
| Three Months Ended December 31, | Year Ended December 31, | |||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||
| Cost of revenue | $ | 1,030 | $ | 921 | $ | 4,721 | $ | 3,543 | ||||||||
| Research and development | 8,480 | 6,465 | 35,355 | 26,030 | ||||||||||||
| Selling, general and administrative | 25,759 | 23,810 | 120,916 | 93,906 | ||||||||||||
| Total stock-based compensation expense | $ | 35,269 | $ | 31,196 | $ | 160,992 | $ | 123,479 | ||||||||
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RECONCILIATION OF NET INCOME TO NON-GAAP NET INCOME
(Unaudited, in thousands, except per share amounts) | ||||||||||||||||
| Three Months Ended December 31, | Year Ended December 31, | |||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||
| Net income | $ | 119,090 | $ | 72,671 | $ | 437,672 | $ | 242,023 | ||||||||
| Adjustments to reconcile net income to non-GAAP net income: | ||||||||||||||||
| Stock-based compensation expense | 35,269 | 31,196 | 160,992 | 123,479 | ||||||||||||
| Amortization of purchased intangible assets | 33 | 33 | 132 | 44 | ||||||||||||
| Deferred compensation plan expense (income) | (61 | ) | 252 | (411 | ) | 561 | ||||||||||
| Tax effect | (326 | ) | (2,053 | ) | 1,559 | (9,434 | ) | |||||||||
| Non-GAAP net income | $ | 154,005 | $ | 102,099 | $ | 599,944 | $ | 356,673 | ||||||||
| Non-GAAP net income per share: | ||||||||||||||||
| Basic | $ | 3.28 | $ | 2.21 | $ | 12.84 | $ | 7.78 | ||||||||
| Diluted | $ | 3.17 | $ | 2.12 | $ | 12.41 | $ | 7.45 | ||||||||
| Shares used in the calculation of non-GAAP net income per share: | ||||||||||||||||
| Basic | 46,979 | 46,139 | 46,727 | 45,851 | ||||||||||||
| Diluted | 48,549 | 48,240 | 48,358 | 47,889 | ||||||||||||
