v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating activities        
Net income $ 13,334 $ 30,077 $ 46,098 $ 115,499
Adjustments to reconcile net income to cash provided by operating activities        
Stock-based compensation 36,226 36,730 82,041 78,155
Amortization of deferred commissions 15,846 15,074 31,947 33,578
Amortization of intangible assets and depreciation     5,799 6,319
Amortization of right-of-use lease assets     6,889 5,803
Foreign currency transaction (gain) loss 1,364 14,008 (486) 19,333
Loss on capped call transactions 0 0 0 223
Deferred income taxes     (2,267) 282
(Accretion) of investments     (524) (2,110)
Loss (gain) on investments     2,168 (19,480)
Other non-cash     68 1,067
Change in operating assets and liabilities, net     126,492 51,827
Cash provided by operating activities     298,225 290,496
Investing activities        
Purchases of investments     (33,295) (158,703)
Proceeds from maturities and called investments     52,415 345,166
Sales of investments     16,679 30,547
Investment in property and equipment     (9,967) (4,015)
Cash provided by investing activities     25,832 212,995
Financing activities        
Repurchases of convertible senior notes     0 (467,864)
Dividend payments to stockholders     (10,173) (5,150)
Proceeds from employee stock plans     31,746 84,987
Common stock repurchases for tax withholdings for net settlement of equity awards     (2,902) (6,600)
Common stock repurchases under stock repurchase program     (367,701) (251,689)
Cash (used in) financing activities     (349,030) (646,316)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash     (2,299) 7,407
Net (decrease) in cash, cash equivalents, and restricted cash     (27,272) (135,418)
Cash, cash equivalents, and restricted cash, beginning of period     216,360 341,529
Cash, cash equivalents, and restricted cash, end of period 189,088 206,111 189,088 206,111
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation [Abstract]        
Cash and cash equivalents 185,110 201,565 185,110 201,565
Restricted cash included in other current assets 2,448 0 2,448 0
Restricted cash included in other long-term assets 1,530 4,546 1,530 4,546
Total cash, cash equivalents, and restricted cash 189,088 206,111 189,088 206,111
Non-cash investing and financing activity:        
Investment in property and equipment included in accounts payable and accrued liabilities     3,707 1,661
Dividends payable 4,931 5,156 4,931 5,156
Right of use assets obtained in exchange for operating lease obligations     2,664 3,077
U.S. excise tax payable on net stock repurchase $ 2,462 $ 0 $ 2,462 $ 0