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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 259,977 $ 237,132
Short-term investments 250,794 236,840
Accounts receivable (net of allowance for doubtful accounts of $288 and $470 at March 31, 2024 and December 31, 2023, respectively) 156,804 220,060
Deferred commissions 49,168 49,559
Prepaid expenses and other current assets 66,013 61,882
Total current assets 782,756 805,473
Property and equipment, net 45,581 45,436
Deferred commissions (net of current portion) 68,447 72,394
Operating lease right-of-use assets 33,694 34,835
Acquired intangible assets, net 102,349 107,017
Goodwill 518,539 518,539
Other assets 15,656 23,177
Total assets 1,567,022 1,606,871
Current liabilities:    
Accounts payable and accrued expenses 17,667 16,941
Accrued compensation 43,547 66,492
Deferred revenue 562,575 580,779
Operating lease liabilities 5,985 5,971
Other current liabilities 5,069 5,655
Total current liabilities 634,843 675,838
Deferred revenue (net of current portion) 160,133 169,718
Term loan, net of issuance costs (net of current portion) 358,622 359,281
Operating lease liabilities (net of current portion) 46,317 48,058
Other liabilities 8,159 7,632
Total liabilities 1,208,074 1,260,527
Stockholders’ equity:    
Common stock (par value: $0.01; 500,000 shares authorized; 119,625 and 117,504 shares issued at March 31, 2024 and December 31, 2023, respectively) 1,196 1,175
Additional paid-in capital 1,237,283 1,185,100
Treasury stock (at cost: 882000 and 356000 shares at March 31, 2024 and December 31, 2023, respectively) (39,925) (14,934)
Accumulated other comprehensive (loss) income (185) 38
Accumulated deficit (839,421) (825,035)
Total stockholders’ equity 358,948 346,344
Total liabilities and stockholders’ equity $ 1,567,022 $ 1,606,871