Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Schedule of Reserve for Authorized but Unissued Shares of Common Stock

As of December 31, 2023, we had reserved the following authorized but unissued shares of common stock for future issuances:

Common stock options and restricted stock units	3,978,009
Common stock employee purchase plans	2,345,263
Total	6,323,272

Schedule of Components of Accumulated Other Comprehensive Loss, net of Tax

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

	December 31, 2020		Net Change		December 31, 2021		Net Change		December 31, 2022		Net Change		December 31, 2023
Foreign currency translation adjustment ("CTA") gain (loss)	$	(508,415)	$	(559,984)	$	(1,068,399)	$	(769,838)	$	(1,838,237)	$	250,044	$	(1,588,193)
Unrealized gain (loss) on cash flow hedges (1)	(67,152)		60,562		(6,590)		40,543		33,953		(18,370)		15,583
Net investment hedge CTA gain (loss) (1)	(336,934)		326,982		(9,952)		425,701		415,749		(131,883)		283,866
Net actuarial gain (loss) on defined benefit plans (2)	(867)		57		(810)		(101)		(911)		(462)		(1,373)
	$	(913,368)	$	(172,383)	$	(1,085,751)	$	(303,695)	$	(1,389,446)	$	99,329	$	(1,290,117)

(1)Refer to Note 8 for a discussion of the amounts reclassified from accumulated other comprehensive loss to net income.

(2)We have a defined benefit pension plan covering all employees in two countries where such plans are mandated by law. We do not have any defined benefit plans in any other countries. The unamortized gain (loss) on defined benefit plans includes gains or losses resulting from a change in the value of either the projected benefit obligation or the plan assets resulting from a change in an actuarial assumption, net of amortization.

Schedule of Quarterly Dividend and Special Distributions

During the years ended December 31, 2023, 2022 and 2021, our Board of Directors declared quarterly dividends whose treatment for federal income tax purposes were as follows:

Declaration Date	Record Date	Payment Date	Total Distribution (1)		Nonqualified Ordinary Dividend (2)		Total Distribution Amount
			(per share)				(in thousands)
Fiscal 2023
2/15/2023	3/7/2023	3/22/2023	$	3.410000	$	3.410000	$	318,736
5/3/2023	5/24/2023	6/21/2023	3.410000		3.410000		318,914
8/2/2023	8/23/2023	9/20/2023	3.410000		3.410000		319,308
10/25/2023	11/15/2023	12/13/2023	4.260000		4.260000		402,347
Total			$	14.490000	$	14.490000	$	1,359,305
Fiscal 2022
2/16/2022	3/7/2022	3/23/2022	$	3.100000	$	3.100000	$	282,031
4/27/2022	5/18/2022	6/15/2022	3.100000		3.100000		282,168
7/27/2022	8/17/2022	9/21/2022	3.100000		3.100000		286,136
11/2/2022	11/16/2022	12/14/2022	3.100000		3.100000		286,868
Total			$	12.400000	$	12.400000	$	1,137,203
Fiscal 2021
2/10/2021	2/24/2021	3/17/2021	$	2.870000	$	2.870000	$	256,321
4/28/2021	5/19/2021	6/16/2021	2.870000		2.870000		257,199
7/28/2021	8/18/2021	9/22/2021	2.870000		2.870000		257,769
11/3/2021	11/17/2021	12/15/2021	2.870000		2.870000		258,716
Total			$	11.480000	$	11.480000	$	1,030,005

(1)Common stock dividends are characterized for federal income tax purposes as nonqualified ordinary dividend, qualified ordinary dividend, capital gains or return of capital. During the years ended December 31, 2023, 2022 and 2021, we did not classify any portion of the distributions as qualified ordinary dividend, capital gains or return of capital.

(2)All nonqualified ordinary dividends are eligible for the 20% deduction generally allowable to non-corporate shareholders under Internal Revenue Code Section 199A.