Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2023

Stockholders' Equity Note [Abstract]

Schedule of Activity Related to Stock Option Plans

A summary of the activities related to the Company’s stock option plans is as follows:

	Shares  Available for Grant	Options Outstanding
		Number of Shares	Weighted- Average Exercise Price (per share)		Weighted- Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in thousands)
Balances as of December 31, 2020	21,702,085	18,676,810	$	170.23
Granted	(1,556,725)	1,556,725	554.11
Exercised	—	(2,632,324)	65.97
Expired	—	(5,360)	34.63
Balances as of December 31, 2021	20,145,360	17,595,851	$	219.83
Granted	(3,691,257)	3,691,257	267.94
Exercised	—	(1,383,669)	27.19
Expired	—	(6,578)	11.10
Balances as of December 31, 2022	16,454,103	19,896,861	$	242.22
Granted	(1,729,218)	1,729,218	372.49
Exercised	—	(1,926,598)	87.30
Expired	—	(4,372)	36.39
Balances as of December 31, 2023	14,724,885	19,695,109	$	268.86	5.35	$	4,429,404
Vested and expected to vest as of December 31, 2023		19,695,109	$	268.86	5.35	$	4,429,404
Exercisable as of December 31, 2023		19,447,739	$	267.37	5.30	$	4,404,586

Schedule of Amounts Related to Option Exercises

A summary of the amounts related to option exercises, is as follows:

	Year Ended December 31,
	2023		2022		2021
	(in thousands)
Total intrinsic value of options exercised	$	610,594	$	345,839	$	1,362,599
Cash received from options exercised	169,990		35,746		174,414

Schedule of Assumptions Used to Value Stock Option Grants Using Lattice-Binomial Model

The following table summarizes the assumptions used to value option grants using the lattice-binomial model and the valuation data:

	Year Ended December 31,
	2023			2022			2021
Dividend yield	—		%	—		%	—		%
Expected volatility	40% - 46%			38% - 52%			34% - 41%
Risk-free interest rate	3.57% - 4.56%			1.71% - 3.79%			1.08% - 1.62%
Suboptimal exercise factor	4.22 - 4.30			4.71 - 4.82			3.81 - 3.98
Valuation data:
Weighted-average fair value (per share)	$	211.27		$	155.88		$	259.01
Total stock-based compensation expense (in thousands)	339,368			575,452			403,220
Total income tax impact on provision (in thousands)	61,588			127,289			89,642

Schedule of Changes in Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in accumulated balances of other comprehensive income (loss), net of tax:

	Foreign Currency Translation Adjustments		Change in Unrealized Gains (Losses) on Cash Flow Hedges		Total
	(in thousands)
Balances as of December 31, 2020	$	44,398	$	—	$	44,398
Other comprehensive income (loss) before reclassifications	(84,893)		—		(84,893)
Balances as of December 31, 2021	(40,495)		—		(40,495)
Other comprehensive income (loss) before reclassifications	(176,811)		—		(176,811)
Balances as of December 31, 2022	(217,306)		—		(217,306)
Other comprehensive income (loss) before reclassifications	113,384		(120,023)		(6,639)
Balances as of December 31, 2023	$	(103,922)	$	(120,023)	$	(223,945)