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Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Schedule of Stock-Based Compensation Expense Recognized

The amount of stock-based compensation expense recognized in our Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31, 2024 and 2023 was as follows (in millions):

 

 

Three Months Ended March 31,

 

Condensed Consolidated Statements of Comprehensive Income Classification

 

2024

 

 

2023

 

Cost of software-enabled services

 

$

15.4

 

 

$

15.5

 

Cost of license, maintenance and other related

 

 

1.6

 

 

 

1.8

 

Total cost of revenues

 

 

17.0

 

 

 

17.3

 

Selling and marketing

 

 

7.7

 

 

 

7.9

 

Research and development

 

 

6.2

 

 

 

5.4

 

General and administrative

 

 

14.2

 

 

 

11.3

 

Total operating expenses

 

 

28.1

 

 

 

24.6

 

Total stock-based compensation expense

 

$

45.1

 

 

$

41.9

 

Summary of Stock Option and Stock Appreciation Rights ("SARs") Restricted Stock Units ("RSUs") and Performance Stock Units ("PSU") Activity

The following table summarizes stock option and stock appreciation rights (“SARs”) activity, as well as performance stock units (“PSUs”) and restricted stock units (“RSUs”) activity, for the three months ended March 31, 2024 (shares in millions):

 

 

Stock Options and SARs

 

 

PSUs and RSUs

 

 

Outstanding at December 31, 2023

 

 

38.8

 

 

 

3.5

 

 

Granted

 

 

1.8

 

 

 

3.4

 

 

Cancelled/forfeited

 

 

(0.5

)

 

 

(0.8

)

 

Exercised

 

 

(1.3

)

 

 

 

 

Vested

 

 

 

 

 

(0.3

)

 

Outstanding at March 31, 2024

 

 

38.8

 

 

 

5.8