v3.24.3
Supplemental Stockholders' Equity Information
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
SUPPLEMENTAL STOCKHOLDERS' EQUITY INFORMATION SUPPLEMENTAL STOCKHOLDERS’ EQUITY INFORMATION
Share Repurchases
In February 2022, the Board of Directors approved a $150.0 million Class A share repurchase program that replaced the previous program, which was approved in 2015. In February 2023, in addition to the remaining 2022 authorization, the Board of Directors approved a $250.0 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 September 30, 2024, repurchases under these authorizations totaled approximately $209.8 million (excluding commissions and excise taxes), fully utilizing the 2022 authorization and leaving approximately $190.2 million remaining under the 2023 authorization. During the nine months ended September 30, 2024, repurchases under these authorizations totaled approximately $60.3 million.
Accumulated Other Comprehensive Income
The following table summarizes the changes in AOCI by component as of September 30, 2024:
(In thousands)Foreign Currency Translation AdjustmentsFunded Status of Benefit PlansNet Unrealized Gain/(Loss) on Available-For-Sale SecuritiesTotal Accumulated Other Comprehensive Loss
Balance as of December 31, 2023$910 $(353,286)$(486)$(352,862)
Other comprehensive income before reclassifications, before tax241 — 4,889 5,130 
Amounts reclassified from accumulated other comprehensive loss, before tax— 9,890 — 9,890 
Income tax expense64 2,625 1,280 3,969 
Net current-period other comprehensive income, net of tax177 7,265 3,609 11,051 
Balance as of September 30, 2024$1,087 $(346,021)$3,123 $(341,811)
The following table summarizes the reclassifications from AOCI for the nine months ended September 30, 2024:
(In thousands)

Detail about accumulated other comprehensive loss components
 Amounts reclassified from accumulated other comprehensive lossAffects line item in the statement where net income is presented
Funded status of benefit plans:
Amortization of prior service credit (1)
$(1,459)Other components of net periodic benefit costs/(income)
Amortization of actuarial loss (1)
11,322 Other components of net periodic benefit costs/(income)
Pension settlement charge27 Other components of net periodic benefit costs/(income)
Total reclassification, before tax9,890 
Income tax expense2,625 Income tax expense
Total reclassification, net of tax$7,265 
(1) These AOCI components are included in the computation of net periodic benefit (income)/cost for pension and other postretirement 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 Nine Months Ended
(In thousands)September 30, 2024September 30, 2023September 30, 2024September 30, 2023
Cost of revenue$4,344 $3,673 $12,494 $8,970 
Sales and marketing421 350 1,225 1,214 
Product development6,366 5,554 19,138 14,472 
General and administrative5,859 4,986 17,023 14,060 
Total stock-based compensation expense$16,990 $14,563 $49,880 $38,716