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Stockholders’ Equity and Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Shares Repurchased A summary of the stock repurchase activity under the New Repurchase Program for the nine months ended September 30, 2022 is as follows (in thousands, except per share amounts):
Nine Months Ended
September 30, 2022
Aggregate purchase price$667,470 
Shares repurchased6,433 
Average price paid per share$103.75 
Schedule of Option Activity The following table summarizes the option activity under our stock plans and related information (in thousands, except years and per share amounts):
Number of
Shares
Underlying
Outstanding Options
Weighted-
Average
Exercise
Price per Share
Weighted-
Average
Remaining
Contractual
Term (in years)
Aggregate
Intrinsic
Value
Balance—December 31, 20218,685 $12.45 2.8$1,140,369 
       Options granted — — 
       Options exercised (1,938)9.61 
       Options canceled(177)15.68 
Balance—September 30, 20226,570 $13.19 2.1$654,987 
Vested and exercisable—September 30, 20225,759 $10.91 1.8$587,246 
Schedule of Restricted Stock Units Activity A summary of the RSU activity is presented below (in thousands, except years and per share amounts):
Number of
Shares
Weighted-
Average Grant
Date Fair Value Per Share
Weighted-Average
Remaining
Contractual Term (in years)
Aggregate Intrinsic Value
Unvested balance—December 31, 20217,821 $70.98 1.7$1,124,229 
              RSUs granted3,469 100.56 
              RSUs vested(2,006)64.50 
              RSUs forfeited/canceled(389)76.53 
Unvested balance—September 30, 20228,895 $83.91 1.8$1,004,214 
Schedule of Stock-Based Compensation Expense The following table summarizes the stock-based compensation expense related to our equity awards (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Cost of revenue $2,992 $2,002 $6,613 $5,198 
Research and development 37,698 27,552 93,723 72,673 
Sales and marketing
16,103 12,680 42,039 34,133 
General and administrative 8,684 10,901 23,605 23,628 
              Total stock-based compensation $65,477 $53,135 $165,980 $135,632