|
SUPPLEMENTAL FINANCIAL INFORMATION
STOCK-BASED COMPENSATION EXPENSE (Unaudited, in thousands) | ||||||||||||||||
|
Three Months Ended
December 31, |
Year Ended December
31, | |||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||
| Cost of revenue | $ | 1,228 | $ | 1,030 | $ | 4,545 | $ | 4,721 | ||||||||
| Research and development | 10,204 | 8,480 | 36,611 | 35,355 | ||||||||||||
| Selling, general and administrative | 29,675 | 25,759 | 108,555 | 120,916 | ||||||||||||
| Total stock-based compensation expense | $ | 41,107 | $ | 35,269 | $ | 149,711 | $ | 160,992 | ||||||||
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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, | |||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||
| Net income | $ | 96,905 | $ | 119,090 | $ | 427,374 | $ | 437,672 | ||||||||
| Adjustments to reconcile net income to non-GAAP net income: | ||||||||||||||||
| Stock-based compensation expense | 41,107 | 35,269 | 149,711 | 160,992 | ||||||||||||
| Amortization of purchased intangible assets | 33 | 33 | 132 | 132 | ||||||||||||
| Deferred compensation plan expense (income), net | 288 | (61 | ) | 1,055 | (411 | ) | ||||||||||
| Tax effect | 2,519 | (326 | ) | (3,625 | ) | 1,559 | ||||||||||
| Non-GAAP net income | $ | 140,852 | $ | 154,005 | $ | 574,647 | $ | 599,944 | ||||||||
| Non-GAAP net income per share: | ||||||||||||||||
| Basic | $ | 2.94 | $ | 3.28 | $ | 12.07 | $ | 12.84 | ||||||||
| Diluted | $ | 2.88 | $ | 3.17 | $ | 11.78 | $ | 12.41 | ||||||||
| Shares used in the calculation of non-GAAP net income per share: | ||||||||||||||||
| Basic | 47,936 | 46,979 | 47,610 | 46,727 | ||||||||||||
| Diluted | 48,881 | 48,549 | 48,771 | 48,358 | ||||||||||||
