Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

					Value of Initial $100 Investment Based on
Year	Summary Compensation Table Total for PEO(1)	Compensation Actually Paid to PEO (2) (3)	Average Summary Compensation Table Total for Non-PEO NEOs (1)	Average Compensation Actually Paid to Non-PEO NEOs (2) (3)	Total Shareholder Return	Peer Group Total Shareholder Return (4)	Net Income (loss) (in thousands) (6)	Adjusted EBITDA (5) (6) (in thousands)
2024	164,525,721	385,171,518	61,434,191	151,439,028	$811.03	$215.22	$377,034	$521,375
2023	40,058	43,533,121	17,716,938	28,506,155	352.52	167.30	175,783	331,396
2022	33,203	13,687,307	4,305,869	2,091,584	226.43	116.65	146,930	232,033
2021	33,115	253,610,579	5,634,227	30,194,861	214.25	174.36	(56,339)	183,086
2020	2,559,392	278,740,704	1,914,694	31,929,509	167.21	143.64	(1,724)	155,808

Company Selected Measure Name

Adjusted EBITDA

Named Executive Officers, Footnote

For each year presented, Patrick Smith was our PEO; reflects amounts reported in the Summary Compensation

Table for the respective years. Our non-PEO NEOs for 2024 were Ms. Bagley and Messrs. Isner, Kunins and

Brooks. Our non-PEO NEOs for 2023 were Ms. Bagley and Messrs. Isner and Kunins. Our non-PEO NEOs for

2022 were Ms. Bagley and Messrs. Isner, Kunins, Larson, Ahsan and Zito. Our non-PEO NEOs for 2021 were

Messrs. Larson, Ahsan, Isner and Kunins. Average compensation for the non-PEO NEOs reflects amounts

reported in the Summary Compensation Table for the respective years.

Peer Group Issuers, Footnote

Total Shareholder Return (“TSR”) shown in this table utilizes the NASDAQ Composite Index that we use in the

stock performance graph required by Item 201(e) of Regulation S-K included in the Company’s consolidated

financial statements filed with the SEC in our 2024 Annual Report. The comparison assumes $100 was invested

for the period starting December 31, 2019 through December 31 of the applicable fiscal year in each of the

Company’s common stock and the NASDAQ Composite Index. All dollar values assume reinvestment of the pre-

tax value of dividends paid by companies included in the NASDAQ Composite Index. The historical stock price

performance of our common stock shown is not necessarily indicative of future stock price performance.

PEO Total Compensation Amount

$ 164,525,721

$ 40,058

$ 33,203

$ 33,115

$ 2,559,392

PEO Actually Paid Compensation Amount

$ 385,171,518

43,533,121

13,687,307

253,610,579

278,740,704

Adjustment To PEO Compensation, Footnote

Summary Compensation Table Total to CAP Reconciliation for the PEO and the other NEOs for 2024:

Calculation of Compensation Actually Paid	Calculation for PEO	Calculation for Average of Non-PEOs
Summary Compensation Table Total	$164,525,721	$61,434,191
Less grant date fair value of stock and option awards reflected in Summary Compensation Table	(164,463,091)	(60,304,351)
Add year-end fair value of awards granted during the fiscal year that are outstanding and unvested as of the end of the fiscal year	385,108,888	136,208,029
Add change in fair value (whether positive or negative) as of fiscal year-end for outstanding and unvested awards granted in prior fiscal years	—	12,407,187
Add fair value as of vesting date of awards granted during the fiscal year which vested in the same fiscal year	—	1,389,844
Add change in fair value (whether positive or negative) as of vesting date of awards granted in prior fiscal years for which all applicable vesting conditions were satisfied during the fiscal year	—	3,872,117
Subtract the fair value as of prior fiscal year-end for awards granted in prior years that failed to meet the applicable vesting conditions during the fiscal year	—	(3,567,989)
Compensation Actually Paid	$385,171,518	$151,439,028

Non-PEO NEO Average Total Compensation Amount

$ 61,434,191

17,716,938

4,305,869

5,634,227

1,914,694

Non-PEO NEO Average Compensation Actually Paid Amount

$ 151,439,028

28,506,155

2,091,584

30,194,861

31,929,509

Adjustment to Non-PEO NEO Compensation Footnote

For purposes of the above adjustments, the fair value of the equity awards on the applicable date was determined in

accordance with FASB ASC Topic 718, using valuation methodologies that are generally consistent with those used to

determine the grant date fair value for accounting purposes.

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure

Total Shareholder Return Vs Peer Group

Tabular List, Table

Adjusted EBITDA;

•Revenue; and

•Company stock price.

Total Shareholder Return Amount

$ 811.03

352.52

226.43

214.25

167.21

Peer Group Total Shareholder Return Amount

215.22

167.30

116.65

174.36

143.64

Net Income (Loss)

$ 377,034,000

$ 175,783,000

$ 146,930,000

$ (56,339,000)

$ (1,724,000)

Company Selected Measure Amount

521,375,000

331,396,000

232,033,000

183,086,000

155,808,000

PEO Name

Patrick Smith

Additional 402(v) Disclosure

Amounts shown for compensation actually paid (“CAP”) are computed in accordance with Item 402(v) of

Regulation S-K under the Exchange Act and do not reflect the actual amount of compensation earned by or paid to

the NEOs during the applicable year. These amounts reflect total compensation as reported in the Summary

Compensation Table with certain adjustments as required by Item 402(v) of Regulation S-K as described in Note

(3) below.

CAP reflects the exclusions and inclusions of equity awards for the PEO and the other NEOs as set forth below

and calculated in accordance with ASC Topic 718. The valuation methodologies and assumptions used to

calculate CAP are based on the grant date fair value of these awards as disclosed in the Company’s consolidated

financial statements filed with the SEC on Annual Report on Form 10-K for each of the years reflected in the table

below:

Measure:: 1

Pay vs Performance Disclosure

Name

Adjusted EBITDA

Non-GAAP Measure Description

Pursuant to Item 402(v) of Regulation S-K under the Exchange Act, we determined Adjusted EBITDA to be the

most important financial performance measure used to link Company performance to CAP for our PEO and our

other NEOs in 2024 and 2023. This performance measure may not have been the most important financial

performance measure for years 2022 and 2021 and we may determine a different financial performance measure

to be the most important such measure in future years. Adjusted EBITDA is defined as earnings before interest

expense; investment interest income; income taxes; depreciation; amortization; noncash stock-based compensation

expense; fair value adjustments related to strategic investments and marketable securities; transaction and

integration costs related to strategic investments and acquisitions including adjustments related to the foreign

currency impact of acquired intercompany balances that were unsettled as of the reporting date and plan to be

settled in the near term; inventory step-up amortization related to acquisitions; certain litigation costs and

recoveries related to (1) antitrust cases we consider to be non-recurring and outside of our core operating results

and (2) litigation matters for acquired companies that were unresolved at the date of the acquisition; and other

unusual, non-recurring pre-tax items that are not considered representative of our underlying operating

performance. For a reconciliation of Adjusted EBITDA to earnings, see “Reconciliation to Non-GAAP

Measures.”

(6)Refer to “Executive Compensation—Compensation Discussion and Analysis—Clawback Policy” for additional

details relating to the Revision and the resulting impacts on Revenue and Adjusted EBITDA. As such, Revenue

and Adjusted EBITDA for 2021 and subsequent periods have been revised accordingly.

Measure:: 2

Pay vs Performance Disclosure

Name

Revenue

Measure:: 3

Pay vs Performance Disclosure

Name

Company stock price

PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (164,463,091)

PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

385,108,888

PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(60,304,351)

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

136,208,029

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

12,407,187

Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,389,844

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

3,872,117

Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (3,567,989)