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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 237,132 $ 300,866
Short-term investments 236,840 266,569
Accounts receivable (net of allowance for doubtful accounts of $470 and $1,400 at December 31, 2023 and 2022, respectively) 220,060 187,341
Deferred commissions 49,559 44,270
Prepaid expenses and other current assets 61,882 58,121
Total current assets 805,473 857,167
Property and equipment, net 45,436 46,726
Deferred commissions (net of current portion) 72,394 67,238
Operating lease right-of-use assets 34,835 38,495
Acquired intangible assets, net 107,017 75,376
Goodwill 518,539 316,520
Other assets 23,177 38,008
Total assets 1,606,871 1,439,530
Current liabilities:    
Accounts payable and accrued expenses 16,941 18,722
Accrued compensation 66,492 52,620
Deferred revenue 580,779 502,115
Operating lease liabilities 5,971 5,821
Other current liabilities 5,655 4,882
Total current liabilities 675,838 584,160
Deferred revenue (net of current portion) 169,718 162,487
Term loan, net of issuance costs (net of current portion) 359,281 361,970
Operating lease liabilities (net of current portion) 48,058 52,611
Other liabilities 7,632 7,436
Total liabilities 1,260,527 1,168,664
Stockholders’ equity:    
Common stock (par value: $0.01; 500,000 shares authorized, 117,504 and 113,056 shares issued at December 31, 2023 and 2022, respectively) 1,175 1,131
Additional paid-in capital 1,185,100 1,017,837
Treasury stock (at cost: 356 and 0 shares at December 31, 2023 and 2022, respectively) (14,934) 0
Accumulated other comprehensive income (loss) 38 (1,351)
Accumulated deficit (825,035) (746,751)
Total stockholders’ equity 346,344 270,866
Total liabilities and stockholders’ equity $ 1,606,871 $ 1,439,530