Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2024

Stockholders' Equity Note [Abstract]

Schedule of Activity Related to Stock Option Plans

The following table summarizes the activities related to the Company’s stock options:

	Options Outstanding
	Number of Shares	Weighted- Average Exercise Price (per share)
Balances as of December 31, 2023	19,695,109	$	268.86
Granted	337,121	555.69
Exercised	(2,543,267)	153.25
Expired	(3,171)	53.41
Balances as of June 30, 2024	17,485,792	$	291.25
Vested and expected to vest as of June 30, 2024	17,485,792	$	291.25
Exercisable as of June 30, 2024	17,352,136	$	290.14

Schedule of Unvested Restricted Stock Units

The following table summarizes the activities related to the Company’s unvested RSUs and PSUs:

	Unvested Restricted Stock Units
	Number of Shares	Weighted- Average Grant-Date Fair Value (per share)
Balances as of December 31, 2023	—	$	—
Granted	159,978	686.36
Vested	(13,330)	562.00
Forfeited	—	—
Balances as of June 30, 2024	146,648	$	697.66

Schedule of Changes in Accumulated Other Comprehensive Income (Loss)

The following tables summarize the changes in accumulated balances of other comprehensive income (loss) for the three and six months ended June 30, 2024:

	Foreign Currency Translation Adjustments		Net Investment Hedge Gains (Losses)		Change in Unrealized Gains (Losses) on Cash Flow Hedges		Tax (Expense) Benefit on Cash Flow Hedges		Tax (Expense) Benefit on Net Investment Hedges		Total
	(in thousands)
Balances as of March 31, 2024	$	(176,974)	$	—	$	84,461	$	(19,366)	$	—	$	(111,879)
Other comprehensive income (loss) before reclassifications	(72,626)		(3,400)		160,544		(36,811)		780		48,487
Amounts reclassified from accumulated other comprehensive income (loss)	—		—		(33,374)		7,652		—		(25,722)
Net change in accumulated other comprehensive income (loss)	(72,626)		(3,400)		127,170		(29,159)		780		22,765
Balances as of June 30, 2024	$	(249,600)	$	(3,400)	$	211,631	$	(48,525)	$	780	$	(89,114)

	Foreign Currency Translation Adjustments		Net Investment Hedge Gains (Losses)		Change in Unrealized Gains (Losses) on Cash Flow Hedges		Tax (Expense) Benefit on Cash Flow Hedges		Tax (Expense) Benefit on Net Investment Hedges		Total
	(in thousands)
Balances as of December 31, 2023	$	(103,922)	$	—	$	(155,730)	$	35,707	$	—	$	(223,945)
Other comprehensive income (loss) before reclassifications	(145,678)		(3,400)		389,688		(89,351)		780		152,039
Amounts reclassified from accumulated other comprehensive income (loss)	—		—		(22,327)		5,119		—		(17,208)
Net change in accumulated other comprehensive income (loss)	(145,678)		(3,400)		367,361		(84,232)		780		134,831
Balances as of June 30, 2024	$	(249,600)	$	(3,400)	$	211,631	$	(48,525)	$	780	$	(89,114)

The following tables summarize the changes in accumulated balances of other comprehensive income (loss) for the three and six months ended June 30, 2023:

	Foreign Currency Translation Adjustments		Net Investment Hedge Gains (Losses)		Change in Unrealized Gains (Losses) on Cash Flow Hedges		Tax (Expense) Benefit on Cash Flow Hedges		Tax (Expense) Benefit on Net Investment Hedges		Total
	(in thousands)
Balances as of March 31, 2023	$	(191,695)	$	—	$	—	$	—	$	—	$	(191,695)
Other comprehensive income (loss) before reclassifications	52,429		—		—		—		—		52,429
Net change in accumulated other comprehensive income (loss)	52,429		—		—		—		—		52,429
Balances as of June 30, 2023	$	(139,266)	$	—	$	—	$	—	$	—	$	(139,266)

	Foreign Currency Translation Adjustments		Net Investment Hedge Gains (Losses)		Change in Unrealized Gains (Losses) on Cash Flow Hedges		Tax (Expense) Benefit on Cash Flow Hedges		Tax (Expense) Benefit on Net Investment Hedges		Total
	(in thousands)
Balances as of December 31, 2022	$	(217,306)	$	—	$	—	$	—	$	—	$	(217,306)
Other comprehensive income (loss) before reclassifications	78,040		—		—		—		—		78,040
Net change in accumulated other comprehensive income (loss)	78,040		—		—		—		—		78,040
Balances as of June 30, 2023	$	(139,266)	$	—	$	—	$	—	$	—	$	(139,266)

The following tables summarize the amounts reclassified from AOCI to the Consolidated Statement of Operations:

	Three Months Ended
	June 30, 2024
	Revenues		Cost of Revenues		Provision for Income Taxes		Total Reclassifications
	(in thousands)
Gains (losses) on derivatives in cash flow hedging relationship
Foreign exchange contracts
Amount of gains (losses) reclassified from AOCI	$	33,301	$	73	$	(7,652)	$	25,722

	Six Months Ended
	June 30, 2024
	Revenues		Cost of Revenues		Provision for Income Taxes		Total Reclassifications
	(in thousands)
Gains (losses) on derivatives in cash flow hedging relationship
Foreign exchange contracts
Amount of gains (losses) reclassified from AOCI	$	22,060	$	267	$	(5,119)	$	17,208