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SUPPLEMENTAL FINANCIAL INFORMATION
STOCK-BASED COMPENSATION EXPENSE (Unaudited, in thousands) | ||||||||||||||||
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Three Months Ended
September 30, |
Nine Months Ended
September 30, | |||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||
| Cost of revenue | $ | 1,020 | $ | 1,186 | $ | 3,317 | $ | 3,691 | ||||||||
| Research and development | 8,480 | 9,287 | 26,407 | 26,875 | ||||||||||||
| Selling, general and administrative | 24,103 | 32,524 | 78,880 | 95,157 | ||||||||||||
| Total stock-based compensation expense | $ | 33,603 | $ | 42,997 | $ | 108,604 | $ | 125,723 | ||||||||
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RECONCILIATION OF NET INCOME TO NON-GAAP NET INCOME
(Unaudited, in thousands, except per share amounts) | ||||||||||||||||
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Three Months Ended
September 30, |
Nine Months Ended
September 30, | |||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||
| Net income | $ | 121,163 | $ | 124,337 | $ | 330,469 | $ | 318,582 | ||||||||
| Adjustments to reconcile net income to non-GAAP net income: | ||||||||||||||||
| Stock-based compensation expense | 33,603 | 42,997 | 108,604 | 125,723 | ||||||||||||
| Amortization of purchased intangible assets | 33 | 33 | 99 | 99 | ||||||||||||
| Deferred compensation plan expense (income), net | 256 | 125 | 767 | (350 | ) | |||||||||||
| Tax effect | (4,777 | ) | 3,161 | (6,144 | ) | 1,885 | ||||||||||
| Non-GAAP net income | $ | 150,278 | $ | 170,653 | $ | 433,795 | $ | 445,939 | ||||||||
| Non-GAAP net income per share: | ||||||||||||||||
| Basic | $ | 3.15 | $ | 3.64 | $ | 9.13 | $ | 9.56 | ||||||||
| Diluted | $ | 3.08 | $ | 3.53 | $ | 8.90 | $ | 9.23 | ||||||||
| Shares used in the calculation of non-GAAP net income per share: | ||||||||||||||||
| Basic | 47,780 | 46,829 | 47,501 | 46,643 | ||||||||||||
| Diluted | 48,792 | 48,349 | 48,734 | 48,295 | ||||||||||||
