Stockholders' Equity |
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| Stockholders' Equity | Stockholders’ Equity Share Repurchase Program In May 2024, the board of directors authorized a $2.0 billion share repurchase program, effective May 2024 through June 2027, of which $1,480.5 million remains available for repurchase as of March 31, 2025. The Company's goals for the share repurchase program are to offset the dilution created by its employee equity compensation programs over time and provide the flexibility to return capital to shareholders as business and market conditions warrant, while still preserving its ability to pursue other strategic opportunities. During the three months ended March 31, 2025, the Company repurchased 6.2 million shares of its common stock for $500.0 million. Stock-Based Compensation Components of total stock-based compensation included in the Company’s interim condensed consolidated statements of income for the three months ended March 31, 2025 and 2024 were as follows (in thousands):
During 2025, the Company's matching program related to the savings plan for its U.S. employees that is designed to be qualified under Section 401(k) of the Internal Revenue Code was redesigned to be settled in shares of the Company's common stock instead of cash and the percentage match was increased. In addition to the amounts of stock-based compensation reported in the table above, the Company’s interim condensed consolidated statements of income for the three months ended March 31, 2025 and 2024 also include stock-based compensation reflected as a component of amortization primarily consisting of capitalized internal-use software; the additional stock-based compensation was $12.2 million and $9.7 million, respectively, before taxes.
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