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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 328,647 $ 237,132
Short-term investments 248,547 236,840
Accounts receivable (net of allowance for doubtful accounts of $525 and $470 at December 31, 2024 and 2023, respectively) 258,734 220,060
Deferred commissions 51,791 49,559
Prepaid expenses and other current assets 53,026 61,882
Total current assets 940,745 805,473
Property and equipment, net 39,265 45,436
Deferred commissions (net of current portion) 67,914 72,394
Operating lease right-of-use assets 45,139 34,835
Acquired intangible assets, net 94,461 107,017
Goodwill 541,292 518,539
Other assets 13,303 23,177
Total assets 1,742,119 1,606,871
Current liabilities:    
Accounts payable and accrued expenses 19,981 16,941
Accrued compensation 55,784 66,492
Deferred revenue 650,372 580,779
Operating lease liabilities 6,801 5,971
Other current liabilities 5,154 5,655
Total current liabilities 738,092 675,838
Deferred revenue (net of current portion) 182,815 169,718
Term loan, net of issuance costs (net of current portion) 356,705 359,281
Operating lease liabilities (net of current portion) 56,224 48,058
Other liabilities 8,329 7,632
Total liabilities 1,342,165 1,260,527
Stockholders’ equity:    
Common stock (par value: $0.01; 500,000 shares authorized, 122,371 and 117,504 shares issued at December 31, 2024 and 2023, respectively) 1,224 1,175
Additional paid-in capital 1,374,659 1,185,100
Treasury stock (at cost: 2,673 and 356 shares at December 31, 2024 and 2023, respectively) (114,911) (14,934)
Accumulated other comprehensive income 318 38
Accumulated deficit (861,336) (825,035)
Total stockholders’ equity 399,954 346,344
Total liabilities and stockholders’ equity $ 1,742,119 $ 1,606,871