v3.24.2
STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Based Compensation Expense
Expense
Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands)2024202320242023
Cost of revenue
$7,092 $7,174 $13,664 $16,087 
Selling and marketing
13,564 15,349 27,452 33,009 
Research and development
7,825 7,851 15,471 16,911 
General and administrative
7,743 5,853 14,418 12,777 
$36,224 $36,227 $71,005 $78,784 
Income tax benefit
$(554)$(581)$(865)$(1,253)
Schedule of Stock Based Compensation Award Granted
Grants
Six Months Ended
June 30, 2024
(in thousands)
Quantity
Total Fair Value
Restricted stock units (1)
1,266 $78,071 
Non-qualified stock options
1,738 $44,874 
Performance stock options (2)
566 $13,921 
(1) Includes units issued when employees elect to receive 50% of the employee’s target incentive compensation under the Company’s Corporate Incentive Compensation Plan (the “CICP”) in the form of RSUs instead of cash.
(2) Performance stock options allow the holder to purchase a specified number of common stock shares at an exercise price equal to or greater than the shares' fair market value at the grant date. For the performance stock options granted in the six months ended June 30, 2024, 25% can vest on the first anniversary of the grant date, and 75% can vest on the second anniversary of the grant date, based on the achievement of specific performance conditions. The options expire ten years from the grant date.