| Schedule of Segment Reporting Information, by Segment |
Segment disclosures, including significant segment expenses, are detailed below: | | | | | | | | | | | | | | | | Three Months Ended | | (in thousands) | March 31, 2025 | | March 31, 2024 | | | | Revenue | $ | 504,891 | | | $ | 466,605 | | | | | Salaries | (157,642) | | | (150,451) | | | | | Stock-based compensation | (70,243) | | | (58,664) | | | | Incentive compensation(1) | (33,310) | | | (31,321) | | | | | Amortization of intangible assets from acquisitions | (29,151) | | | (28,629) | | | | | Depreciation | (8,528) | | | (7,000) | | | | | Other headcount-related expenses | (55,141) | | | (49,990) | | | | | Interest income | 16,743 | | | 10,995 | | | | | Interest expense | (10,177) | | | (12,369) | | | | Other segment expenses, net(2) | (92,913) | | | (98,218) | | | | | Income tax provision | (12,664) | | | (6,180) | | | | | Net income | $ | 51,865 | | | $ | 34,778 | | | |
(1) Incentive compensation includes bonuses and commissions. (2) Other segment expenses, net consists primarily of IT maintenance and software hosting costs, marketing expenses, consulting and professional fees, acquisition-related costs and facilities costs.
|