v3.25.1
SEGMENT INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Measure of Segment Profit or Loss
Three Months Ended
March 31,
20252024
(In thousands)
Net revenues$356,084 $263,339 
Less:
Other cost of revenues(1)
219,882 155,493 
Income-based government grants(53,631)(18,617)
Incremental cost for manufacturing in the United States(2)
15,773 4,882 
Stock-based compensation expense55,633 60,833 
Acquisition related amortization4,429 5,353 
Other restructuring and asset impairment charges(3)
2,653 1,907 
Other research and development(4)
28,527 29,661 
Other sales and marketing(5)
29,703 31,667 
Other general and administrative(6)
21,193 21,259 
Income (loss) from operations31,922 (29,099)
Total other income, net14,971 17,600 
Income (loss) from income taxes46,893 (11,499)
Income tax provision(17,163)(4,598)
Net Income (loss)$29,730 $(16,097)
(1)    Represents consolidated cost of revenue, excluding stock-based compensation, acquisition related amortization, income-based government grants and incremental costs for manufacturing in the United States.
(2)    Represents the incremental manufacturing cost incurred in the United States relative to manufacturing in India. This is calculated based on the difference in product cost for manufacturing the product in the United States as compared to India for the same or similar products. It also includes the portion of the income-based government grants earned that the Company remits to its contract manufacturers.
(3)    Represents consolidated restructuring and asset impairment charges, excluding stock-based compensation.
(4)    Represents consolidated research and development, excluding stock-based compensation.
(5)    Represents consolidated sales and marketing, excluding stock-based compensation and acquisition related amortization.
(6)    Represents consolidated general and administrative, excluding stock-based compensation.