SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Schedule of Accumulated Other Comprehensive Loss

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

	June 30, 2023		December 31, 2022
Foreign currency translation loss	$	(21,604)	$	(29,075)
Total accumulated other comprehensive loss	$	(21,604)	$	(29,075)

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 June 30,				Six Months Ended June 30,
Numerator:	2023		2022		2023		2022
Net income	$	100,520	$	83,473	$	187,651	$	172,791
Denominator:
Denominator for basic net income per share — weighted-average outstanding shares	405,429		393,342		404,960		393,119
Effect of dilutive securities:
Stock options, restricted stock awards and restricted stock units	1,322		1,136		1,494		1,237
Denominator for diluted net income per share — weighted-average outstanding shares	406,751		394,478		406,454		394,356
Net income per share — basic	$	0.25	$	0.21	$	0.46	$	0.44
Net income per share — diluted	$	0.25	$	0.21	$	0.46	$	0.44

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 June 30,		Six Months Ended June 30,
	2023	2022	2023	2022
Performance-based restricted stock awards	681	621	681	621
Anti-dilutive securities	502	1,620	1,082	1,342

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 ESPP, DSUs and Matching RSUs awarded under the MSPP included in the Company’s condensed consolidated statements of operations were as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Cost of revenues	$	3,522	$	2,991	$	6,905	$	5,961
Selling and marketing (excluding customer base amortization)	2,375		1,985		4,589		3,648
Software development	4,335		2,998		8,361		6,104
General and administrative	11,594		10,138		22,016		20,246
Total stock-based compensation expense	$	21,826	$	18,112	$	41,871	$	35,959