SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

Schedule of Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss were as follows (in thousands):

	September 30, 2022		December 31, 2021
Foreign currency translation adjustment	$	(46,627)	$	(5,758)
Total accumulated other comprehensive loss	$	(46,627)	$	(5,758)

Schedule of Calculation of Basic and Diluted Net Income (Loss) Per Share

The following table sets forth the calculation of basic and diluted net income per share (in thousands, except per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
Numerator:	2022		2021		2022		2021
Net income	$	72,290	$	64,304	$	245,081	$	199,664
Denominator:
Denominator for basic net income per share — weighted-average outstanding shares	394,712		392,419		393,650		392,101
Effect of dilutive securities:
Stock options, restricted stock awards and restricted stock units	1,497		1,876		1,323		1,935
Denominator for diluted net income per share — weighted-average outstanding shares	396,209		394,295		394,973		394,036
Net income per share — basic	$	0.18	$	0.16	$	0.62	$	0.51
Net income per share — diluted	$	0.18	$	0.16	$	0.62	$	0.51

Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

The following table summarizes the shares underlying the unvested performance-based restricted stock and anti-dilutive securities excluded from the basic and diluted earnings per share calculations (in thousands):

	Three Months Ended September 30,		Nine Months Ended September 30,
	2022	2021	2022	2021
Performance-based restricted stock awards	621	718	621	718
Anti-dilutive securities	748	192	1,144	433

Schedule of Stock-based Compensation Expense for Stock Options and Restricted Stock

Stock-based compensation expense for stock options, restricted stock awards and restricted stock units issued under equity incentive plans, stock purchases under the Employee Stock Purchase Plan, Deferred Stock Units and Matching RSUs awarded under the Company's MSPP included in the Company’s statements of operations were as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Cost of revenues	$	3,041	$	2,835	$	9,002	$	8,283
Selling and marketing (excluding customer base amortization)	1,957		1,620		5,605		4,644
Software development	3,158		3,316		9,262		9,289
General and administrative	9,982		8,528		30,228		24,772
Total stock-based compensation expense	$	18,138	$	16,299	$	54,097	$	46,988