v3.25.2
SUPPLEMENTAL STOCKHOLDERS’ EQUITY INFORMATION
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
SUPPLEMENTAL STOCKHOLDERS' EQUITY INFORMATION SUPPLEMENTAL STOCKHOLDERS’ EQUITY INFORMATION
Share Repurchases
The Board of Directors approved Class A share repurchase programs in February 2022 ($150.0 million) and February 2023 ($250.0 million). In February 2025, in addition to the remaining authorizations, the Board of Directors approved a $350.0 million Class A share repurchase program. The authorizations provide that shares of Class A Common Stock may be purchased from time to time as market conditions warrant, through open-market purchases, privately negotiated transactions or other means, including Rule 10b5-1 trading plans. We expect to repurchase shares to offset the impact of dilution from our equity compensation program and to return capital to our stockholders. There is no expiration date with respect to these authorizations.
As of June 30, 2025, repurchases under these authorizations totaled approximately $317.1 million (excluding commissions and excise taxes), leaving approximately $432.9 million remaining under the 2023 and 2025 authorizations. During the six months ended June 30, 2025, repurchases under these authorizations totaled approximately $82.5 million.
Accumulated Other Comprehensive Income
The following table summarizes the changes in AOCI by component as of June 30, 2025:
(In thousands)Foreign Currency Translation AdjustmentsFunded Status of Benefit PlansNet Unrealized Gain on Available-For-Sale SecuritiesTotal Accumulated Other Comprehensive Loss
Balance as of December 31, 2024$(2,762)$(363,874)$830 $(365,806)
Other comprehensive (loss)/income before reclassifications, before tax(2,362)— 1,180 (1,182)
Amounts reclassified from accumulated other comprehensive loss, before tax— 8,811 — 8,811 
Income tax (benefit)/expense(620)2,315 309 2,004 
Net current-period other comprehensive (loss)/income, net of tax(1,742)6,496 871 5,625 
Balance as of June 30, 2025$(4,504)$(357,378)$1,701 $(360,181)
The following table summarizes the reclassifications from AOCI for the six months ended June 30, 2025:
(In thousands)

Detail about accumulated other comprehensive loss components
Amounts
reclassified from
accumulated other
comprehensive loss		Affects line item in the statement
where net income is presented
Funded status of benefit plans:
Amortization of prior service credit(1)
$(972)Other components of net periodic benefit costs
Amortization of actuarial loss(1)
9,783 Other components of net periodic benefit costs
Total reclassification, before tax8,811 
Income tax expense2,315 Income tax expense
Total reclassification, net of tax$6,496 
(1)These AOCI components are included in the computation of net periodic benefit cost/(income) for pension benefits. See Note 9 for more information.
Stock-based Compensation Expense
Total stock-based compensation expense included in the Condensed Consolidated Statements of Operations is as follows:
For the Quarters EndedFor the Six Months Ended
(In thousands)June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Cost of revenue$4,187 $4,196 $8,478 $8,150 
Sales and marketing711 412 1,289 804 
Product development6,616 6,537 13,233 12,772 
General and administrative6,289 5,889 12,156 11,164 
Total stock-based compensation expense$17,803 $17,034 $35,156 $32,890